Business Egypt

  • Egypt, Cairo, Sultan Hussan Mosque at sunset

    A preliminary count of votes for Egyptians living abroad has put Islamist candidate Abdul-Moneim Aboul-Fotouh in the lead, followed by left-leaning Hamdeen Sabahi .

  • Egypt, Cairo, Sultan Hussan Mosque at sunset

    Egypt votes for a new president on May 23 and 24, with a runoff expected later in June. Here is an overview of some of the major candidates of the 13 in the running.

  • The Egyptian Central Bank surprised observers after reporting an increase in foreign currency reserves for the first time since December 2010 earlier this week.

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    There always is a plethora of questions any stakeholder has for a presidential hopeful. For both local and foreign investors, those will often pertain to economic policies that will help the Arab world’s most populous nation out of its slump. But for most Egyptians and as a corollary the 13 presidential candidates in this month’s election, it’s not.

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    Democracy is “well within reach” in Egypt and has “significant upside potential” in the medium term, Renaissance Capital said in its latest report. It expected investments to increase after the country’s presidential elections, scheduled for later this month.

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    The dollar index hits a speed bump and the loonie lifts off - it's time for your FX Fix.

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    The nomination of a senior member of the Muslim Brotherhood to run in Egypt's presidential race has further clouded an already complex political transition, making an immediate economic recovery less likely and heightening the risk of a currency crisis, according to analysts.

  • Dubai at night

    Dubai’s chief of police has thrust himself into a regional controversy, becoming the voice of Emirati opposition to the rising power of Islamists in the Arab world. The Financial Times reports.

  • Sen. McCain Calls for Syria Intervention

    Sen. John McCain, (R-AZ), makes the case for why the U.S. should lead an intervention to stop the slaughter in Syria now.

  • There was a wide-ranging change of the guard in 2011. In Europe struggling countries such as Italy and Greece brought in the technocrats, or voted out administrations, which had failed to solve their economic crises. In the Middle East two entrenched regimes toppled under popular uprisings and a third after a revolution.In 2012, there could be an even bigger shift, with several key countries facing possible changes at the top. Citizens that rid themselves of dictators and have not yet decided wh

    There was a wide-ranging change of the guard  in Europe and the Middle East in 2011. Here are 10 other elections that could change the game of global politics in 2012.

  • To hear them tell it in home renovation programs and publications, every kitchen should look like it’s starring in a cooking show or else be dismissed as sub-par—even when the existing older components are still perfectly functional. The critics are harsh. There is no room for an avocado laminate countertop.  This kitchen-shaming has proven most beneficial to contractors, to makers of granite and marble countertops, and to manufacturers of stainless steel appliances. And yet, as much as the tast

    With all the kitchen trends now, some homeowners and designers flout the conventions, go with personal taste and choose a look that no one else has. Here are 10 examples.

  • Worries over the European debt crisis, a slow recovery in the U.S. and fears over a "hard landing" for China’s economy have left global investors searching for new markets to put their money in. For long-term investors that means looking for economies that have strong growth prospects driven by competitive advantages such as demographics, natural resources or geography. We've come up with a list of the ten best countries for long-term growth based on a report from HSBC titled: The World in 2050.

    Worries over the European debt crisis, a slow recovery in the U.S. and fears over a "hard landing" for China’s economy have left global investors searching for new markets to put their money in. What are the countries with the best prospects for growth?

  • This satellite image shows the Strait of Hormuz, between the Persian Gulf and the Gulf of Oman. The Strait of Hormuz runs between Iran and United Arab Emirates.

    Ratings agency Standard and Poor’s (S&P) on Tuesday pointed to increased risks for issuers in the Middle East as the spiraling tensions between Iran and the West showed no sign of slowing down. Although the agency believed that the risks were already accounted for in its current ratings, it cautioned that a reassessment depended on how the situation developed.

  • Egypt, Cairo, Sultan Hussan Mosque at sunset

    It’s been just over a year since former Egyptian President Hosni Mubarak stepped down after 18 days of protests, but the country’s grueling transition continues to weigh heavily on its economy.

  • This satellite image shows the Strait of Hormuz, between the Persian Gulf and the Gulf of Oman. The Strait of Hormuz runs between Iran and United Arab Emirates.

    Iranian authorities have reacted to the decision by the European Union on an embargo by calling for an immediate halt to oil sales to the continent. In a statement on its website, the Iranian Oil Ministry described the European Union’s decision as “hasty” and “a political game”.

  • This satellite image shows the Strait of Hormuz, between the Persian Gulf and the Gulf of Oman. The Strait of Hormuz runs between Iran and United Arab Emirates.

    The anxious exchange of statements and explicit threats between the U.S. and Iran mark a notable escalation and leave the energy markets struggling to understand the implications.

  • A woman shouts as she blocks the entry of army tanks to Tahrir Square on January 30, 2011 in Cairo, Egypt. Cairo remained in a state of flux and marchers continued to protest in the streets and defy curfew, demanding the resignation of Egyptian president Hosni Mubarek. As President Mubarak struggles to regain control after five days of protests he has appointed Omar Suleiman as vice-president. The present death toll stands at 100 and up to 2,000 people are thought to have been injured during the

    Now that the "Arab Spring" is turning into the "Arab Winter" the former prime minister writes, "the challenge emerging from the changes taking place is so big that we had better put in place a common Western strategy or we'll find that national approaches are totally irrelevant to shape events there."

  • Egypt Holds Post-Mubarak Elections

    CNBC's Yousef Gamal El-Din has the latest on Egypt's first parliamentary elections since Hosni Mubarak was ousted nine months ago.

  • Egypt's Voters Face 'Complicated' Election

    Egypt's first parliamentary elections since the departure of Hosni Mubarak are scheduled to begin today. CNBC's Yousef Gamal el-Din reports the complicated process makes it hard for women and Christians.

  •     Egyptian protesters run for cover on the third day of clashes with security forces at Tahrir Square in Cairo on November 21, 2011.

    Protestors in Cairo’s Tahrir Square were preparing for a million-man march on Friday to call on the ruling military council to step down, saying steps announced recently were insufficient.