Egypt’s real estate sector is down, not out
CAIRO: There seem to be plenty of good reasons to avoid Egypt's battered real estate sector, yet some investors are tiptoeing back into stocks seen as less exposed to legal…
Credit Suisse names new head of MidEast M&A: document
DUBAI: Credit Suisse has named Mumtaz Kazmi as head of its mergers and acquisitions operations in the Middle East and North Africa, a document showed. Kazmi has been with the…
Talaat Moustafa Q1 profit tumbles 48 pct
CAIRO: Talaat Moustafa Group, Egypt's biggest listed developer, posted a 48 percent drop in first-quarter net profit on Wednesday, but the group's shares jumped on hopes of an end to…
Germany backs EBRD expanding into Middle East, North Africa
BERLIN: Germany supports expanding the European Bank for Reconstruction and Development's (EBRD) remit to the Middle East and North Africa to help democratic reform there, the German finance ministry said…
Egypt refers former housing minister for trial
CAIRO: Egypt's general prosecutor referred former housing minister Ibrahim Soliman and four of his deputies to trial for squandering public funds, the state news agency said on Wednesday. Soliman, the…
Egypt ready to resume gas exports to Israel
CAIRO: Ampal-American Israel Corporation said Tuesday that the Egyptian gas valve station damaged by an attack on April 27 has been repaired and is ready for gas transmission. The East…
US, Obama’s image sour in Muslim nations: poll
WASHINGTON: The image of the United States has soured in Muslim nations in the past year, says a poll released two days before President Barack Obama is due to deliver…
Obama seeks clarity in ‘Arab Spring’ speech
WASHINGTON: US President Barack Obama will Thursday seek to sketch a plausible policy response to the sudden, complex and often contradictory demands thrown up by an "Arab Spring" of popular…
Doctors halt strike after PM meeting
By Tamim Elyan CAIRO: Doctors suspended their open-ended strike late Tuesday after a meeting with Prime Minister Essam Sharaf and Finance Minister Samir Radwan, who promised to meet their demands including…
Egypt watchdog slams teenager’s death sentence
By Isabel Coles/Reuters CAIRO: An Egyptian rights group said on Tuesday it was "deeply troubled" by the sentencing of a teenager to death and called for the verdict to be overturned.…