Lawyer calls for release of Sinai blogger Mosad Abu Fagr
CAIRO: Lawyer Amir Salem filed a complaint to the Prosecutor General Abdel Meguid Mahmoud Monday, to call for the release of Sinai activist and blogger Mosad Abu Fagr. Abu Fagr…
Consumer confidence down in Egypt, says report
CAIRO: Consumer confidence in Egypt fell by 0.7 index points in the first quarter of 2010, according to Bayt.com and YouGov Siraj’s recently released Consumer Confidence Index (CCI) survey. Consumer…
Rights group condemns gov't restriction on Al-Jazeera
CAIRO: An Egyptian NGO has condemned restrictions placed on Al-Jazeera news channel by the government. The Arab Network for Human Rights Information (ANHRI) said in a statement issued Sunday that…
Shell says Middle East needs to solve "gas puzzle"
KUWAIT: The Middle East needs to solve the conundrum which leaves it sitting on 40 percent of the world's gas reserves and yet suffering from a supply shortage, a senior…
New diplomats' village at Emaar's Mivida
CAIRO: Emaar Misr, the wholly owned subsidiary of UAE-based Emaar Properties, unveiled a residential village for Egypt’s diplomatic community in its Mivida development, according to a statement. Located in New…
Syria gives EFG-Hermes investment banking licenses
CAIRO: Syria has given investment banking licenses to a Syrian unit that EFG-Hermes is setting up, the Cairo-based investment bank said on Monday. The licenses are for advisory and corporate…
Al-Bashir declared winner in landmark Sudan polls
KHARTOUM: Sudanese President Omar Al-Bashir was on Monday declared winner of the country's first multi-party presidential election in over two decades. "The winner in the election of the president of…
Gulf Islamic banks eye conversion of conventional peers
MANAMA/DUBAI: More banks in the Gulf Arab region may convert to Islamic finance in a bid to tap rising demand for sharia-compliant products and to avoid the heavy investment required…
Israeli MK calls for CEO Salary Cap
TEL AVIV: A member of Israel’s governing coalition has proposed a new that forbid the CEOs of Israeli public companies from earning 50 times more then the lowest paid worker…
Kuwait's Gulf Bank posts $1.8 mln Q1 loss
KUWAIT: Kuwait's Gulf Bank fell to a net loss of 524,000 dinars ($1.82 million) in the first quarter of 2010 after a profit of 1.6 million dinars in the same…