ANALYSIS: Salafis sense best is yet to come in Egypt vote
CAIRO: The Salafi movement wants to model Egypt's future on Islam's past. If the first results of the country's parliamentary elections are anything to go by, many Egyptians agree with…
Maadi-Helwan candidates exchange accusations, no run-off
CAIRO: The Administrative Court said Sunday that it has no jurisdiction over the lawsuit filed by the parliamentary candidates in the ninth constituency and that these cases are under the…
Run-offs proceed in Cairo’s first constituency despite court order
CAIRO: The run-offs kicked off Monday in Cairo’s first constituency, despite a court verdict to cancel the vote following violations in the counting phase. "I will head to the Prosecutor…
Subsidies in question as Egypt’s deficit rises
CAIRO: While talk of reducing expenditures by cutting back on some subsidies may make sense in numbers and figures — to deal with Egypt’s increasing budge deficit and decreasing foreign…
Commentary:Wins by Egypt’s Islamists raise twin risks
By Una Galani/Reuters Breakingviews DUBAI: An Islamist-led parliament is set to replace Egypt's failed authoritarian secular one. Economic necessity should keep extremism at bay. But the Muslim Brotherhood's long-term agenda,…
DP World plans $850 mln investment for Jebel Ali port
DUBAI: DP World, the world's third-largest port operator, will invest $850 million over the next three years to create additional capacity at one of its key ports in the United…
Gold dips, investors cautious before euro zone summit
LONDON: Gold prices dipped on Monday, after posting their sharpest weekly rise in more than a month, in cautious trading ahead of a meeting of European Union leaders to come…
Energy E&P spending to reach record high 2012: BarCap
LONDON: Global energy exploration and production (E&P) spending will reach the record high level of $598 billion in 2012 helped by high oil prices, Barclays Capital said on Monday, with…
AlembicHC cuts price target on Citadel Capital
CAIRO: AlembicHC cut its price target on Citadel Capital SAE by 39 percent to LE 4.19, and estimated that the Egyptian private equity firm faces about $269 million in fund…
Introducing the Virgin Mary as fashion icon
By Emma Charlton / AFP For 700 years Catholic faithful expressed their devotion to the Virgin Mary by creating an elaborate wardrobe for the mother and child, on display in a…