Egypt foreign reserves post largest drop since April
CAIRO: Egypt's net foreign reserves slid by $1.93 billion last month, their worst drop since April, as investors dumped more treasury bills and other assets because of uncertainty over a…
Egyptian expats adamant on voting, overcoming obstacles
CAIRO: Amid vague and conflicting statements by the Ministry of Justice, the Ministry of Interior and the Supreme Electoral Commission, Egyptian expats say they are adamant on voting in the…
Army role eyed as election campaign begins
CAIRO: Opponents of Islamists declared a "life and death" battle for Egypt's future as official campaigning began on Wednesday for parliamentary elections seen as vital for restoring stability after eight…
Sarkozy, Obama push for financial crisis solution
CANNES, France: Europe's debt drama dominated talks among leaders of the Group of 20 leading economies Thursday, with Greece's government facing potential collapse and European leaders admitting that the eurozone…
World 2011 grain output record high, market tight: FAO
MILAN: Agricultural commodity markets are set to remain tight with high and volatile prices despite improved supply and weakening demand, the United Nations' food agency said on Thursday, raising its…
Credit Agricole Egypt 9-month net dips 25 pct
CAIRO: Credit Agricole Egypt said on Thursday its net profit dropped 25 percent during the first nine months of the year. Net profit fell to LE 242.9 million ($40.7 million)…
Egyptian property firm Palm Hills hit by Q3 loss
CAIRO: Egyptian real estate group Palm Hills, the country's second-biggest listed developer, reported a third-quarter net loss on Thursday, hit by weaker revenues and what analysts suspect was a high…
Experts discuss Egypt’s potential in wind energy sector
CAIRO: Egypt marked the end of the 10th World Energy Conference and Renewable Energy Exhibition on Wednesday, where more than 600 new and renewable energy experts along with heads of…
Rights coalition denounces UAE activist trial
DUBAI: A coalition of international human rights organizations on Thursday accused the United Arab Emirates of violating international legal standards by prosecuting five jailed activists who have campaigned for political…
Moroccan Islamists await their turn ahead of elections
RABAT: With Islamists on the doorstep to power in Tunisia, it is now Morocco's turn to go to the polls in elections that despite the low turnout expected, will likely…