SODIC swings to third-quarter loss
CAIRO: SODIC, Egypt's third-biggest listed property developer, said on Wednesday it swung to a third-quarter loss of LE 38 million ($6.3 million) on sales of 305 million. SODIC, which does…
Mideast private equity feels chill of regional unrest
DUBAI: Private equity firms in the Middle East, grappling with regional political turmoil and investor unease about the global economy, face a grim immediate outlook but are making preparations for…
Oil bounces as central banks take action
LONDON: Oil jumped on Wednesday after a coordinated move by central banks to address pressures in global money markets. Brent crude was up 75 cents to $1 to $111.57 by…
US exhibit showcases legendary black photographer
Charles "Teenie" Harris had a photographic mission: going beyond the obvious or sensational to capture the essence of daily African-American life in the 20th century For more than 40 years,…
NY film critics pick ‘The Artist’ as best film
The New York Film Critics Circle named the silent film ode "The Artist" the year's best film Tuesday, giving the nostalgic black-and-white movie an early boost to its already promising…
A ‘Green Wave’ lesson in revolting
“The Green Wave” is a protest film, a lesson in endurance, and a terrifying exposé of the staggering human rights violations committed in the aftermath of the 2009 Iranian presidential…
Refugees ‘held hostage, tortured’ in Sinai: watchdogs
JERUSALEM: Israeli and international human rights watchdogs called on the Egyptian and Israeli governments on Wednesday to act against "torture camps" in the Sinai where refugees are being held for…
UN leader praises Egypt vote
UNITED NATIONS: UN leader Ban Ki-moon on Tuesday praised the "generally calm and orderly" Egyptian election and hailed the country's role in the Arab Spring uprisings, his spokesman said. Ban…
Vote counting resumes after brief strike
CAIRO: Employees counting the votes from the first phase of parliamentary elections resumed work early Wednesday after a strike that delayed the process in a number of constituencies. …
1st-round vote result delayed to Thursday, says state TV
CAIRO: The result of a first-round vote in Egypt's first parliamentary election since the overthrow of Hosni Mubarak will be announced on Thursday, state television said, a day later than…