Business Egypt

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  • A trader looks worried as he works in a dealing room in Tel Aviv, Israel.

    From a wobbly economy to escalating oil prices to global unrest, the stock market has all the classic reasons to correct, yet remains on a stubborn path higher.

  • Egyptian demonstrators protest in central Cairo amidst tear gas fire by Egyptian police to demand the ouster of President Hosni Mubarak and calling for reforms.

    As the Obama administration confronts the spectacle of angry protesters and baton-wielding riot police officers from Tunisia to Egypt to Lebanon, it is groping for a plan to deal with an always-vexing region that is now suddenly spinning in dangerous directions. The New York Times reports.

  • Egyptian demonstrators protest in central Cairo amidst tear gas fire by Egyptian police to demand the ouster of President Hosni Mubarak and calling for reforms.

    A day after tens of thousands of people marched in opposition to the nearly 30-year rule of President Hosni Mubarak, the Egyptian authorities on Wednesday outlawed any new gatherings, saying protesters faced “immediate” arrest. The New York Times reports.

  • Sharm el-Sheikh

    Egypt is on track to meet its tourism growth targets despite a scare following a rare series of shark attacks that affected bookings, the country’s Minister of Tourism, Zoheir Garranah, told CNBC.

  • Drill ship recovering oil from the ruptured British Petroleum oil well over the site in the Gulf of Mexico off the coast of Louisiana.

    The President and CEO of Diamond Offshore, Larry Dickerson, said, "With new contracting severely restricted in the Gulf of Mexico as a result of the uncertainties surrounding the offshore drilling moratorium, we are actively seeking international opportunities to keep our rigs fully employed."

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    Grab your passport we're going beyond the BRIC. Tim Seymour is spanning the globe in search of less prominent, more promising places to find you emerging money!

  • infosys_india_outsource.jpg

    India's lucrative outsourcing industry struggled Thursday to overcome Internet slowdowns and outages after cuts in two undersea cables sliced the country's bandwidth in half.

  • France's Lafarge, the world's biggest cement maker, has agreed to buy Egypt's Orascom Cement for 8.8 billion euros ($12.81 billion) to boost its earnings and exposure to high-growth emerging markets.