Egyptian officials say country's warplanes are bombing positions of Islamist militias in oil-rich Libya.» Read More
Egypt's benchmark index recorded its biggest drop in over two years Thursday, plummeting more than 10 percent as anti-government protests rattled investor confidence and left Hosni Mubarak's regime facing its most serious challenge in years.
In the week since, Tunisia's President has fled the country, with similar self-immolation in places like Egypt, Algeria and Mauritania.
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.
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.
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.
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.
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."
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!
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.