Volatile markets expected to yield growth in 2012: HSBC
CAIRO: As volatility gives way to long-term investment opportunities, a report by HSBC said Egypt’s economy will show “positive growth” in 2012 after last year’s slowdown. HSBC’s Global Asset Management…
One year on, Alexandrians remember alleged torture victim of Al-Qeddesine probe
ALEXANDRIA: Tens of protesters commemorated Friday the first anniversary of the death of a Salafi, who allegedly died as a result of torture at the hands of the disbanded state…
Moscow ‘concerned’ over Mubarak death demand
MOSCOW: Russia on Saturday said it was concerned after Egyptian prosecutors demanded a death sentence for fallen dictator Hosni Mubarak, calling for humanitarian factors to be considered. "Such announcements are…
US reaches out to Egypt’s Muslim Brotherhood
WASHINGTON: A once reluctant United States is reaching out to the Muslim Brotherhood in a nod to Egypt's new political reality, but concerns linger about the group's attitude toward minorities,…
Obama calls for protection of Copts in Egypt
WASHINGTON: US President Barack Obama called Friday for the protection of Copts and other minorities as the Christian group celebrated its first post-revolution Christmas in Egypt. "As events in Egypt…
Oil hovers below $103 as EU mulls Iran oil ban
Oil prices hovered below $103 a barrel Thursday as the European Union mulled a ban on oil purchases from Iran and a report showed mixed signs about US crude demand.…
Euro slumps on renewed Spain concerns
PARIS: The euro slumped to a 16-month low against the dollar Thursday after Spain rekindled concern about the magnitude of its banking sector problems and a French bond auction failed…
Fears for tourism as Islamists verge on victory
SHARM EL-SHEIKH: On a barren hill in Sharm El-Sheikh, not far from the famous beach resorts with their bikini-clad patrons, Islamist activist Ahmed Saber ponders the fate of revealing swimwear…
Election of Azhar Imam positive step, say politicians, analysts
CAIRO: A draft law proposing the election of Al-Azhar’s Grand Imam instead of his appointment is a positive step towards the independence of the prominent Muslim institution, political groups and…
Prosecution releases three April 6 activists pending investigation
CAIRO: The Old Cairo prosecution office released Wednesday three members of the April 6 Youth Movement Democratic Front group, pending an investigation into charges of tarnishing Egypt’s reputation, disturbing the…