Freedom and Justice, Al-Nour parties face off in Damietta
CAIRO: Nine days after ending the sit-in at MOPCO petrochemicals company, Damietta’s residents queued outside polling stations to vote for their representative in parliament. "It's a lovely feeling to know…
Egypt finance minister Beblawi says not yet asked to stay on
CAIRO: Egyptian Finance Minister Hazem El-Beblawi said on Wednesday he had not yet been asked to stay in his post in a new Cabinet due to be formed by the…
Arab League chief to meet EU foreign ministers Thursday
PARIS: The head of the Arab League will attend a meeting of European Union foreign ministers in Brussels on Thursday to discuss the situation in Syria, France said on Wednesday.…
Surging wages are risk, reward of Arab Spring
DUBAI: Under the threat of a strike this year, Egypt's El Nasr Clothing & Textile Co said it was raising wages 15 percent and boosting workers' allowances, giving permanent contracts…
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…