EGYPT

Pakistan says U.S. prisoner has immunity, court may disagree

Islam
An American jailed for shooting two Pakistanis is shielded by diplomatic immunity, a Pakistani official said Wednesday, but local courts are likely have the final say in a case that has ignited a bruising row between two strategic allies.

Bahrain protesters rally for third day

Protests
Protesters in Bahrain, emboldened by revolts that have toppled Arab rulers in Tunisia and Egypt, poured into the Gulf island kingdom's capital on Wednesday to mourn a demonstrator killed in clashes with security forces.
Pro-government supporters of Egyptian President Hosni Mubarak shout slogans atop an army tank near Tahrir square in central Cairo

Egypt-inspired protests gain pace across region

Anti-government protests inspired by popular revolts that toppled rulers in Tunisia and Egypt are gaining pace around the Middle East and North Africa despite political and economic concessions by nervous governments.
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SocGen keeps 2012 targets, Q4 in line

French bank Societe Generale said it would stick to its 2012 profit target of 6 billion euros ($8.1 billion) after it resisted jittery markets and almost quadrupled fourth-quarter 2010 profit.
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SocGen deputy CEO says 2011 started off better than Q4

Market activity since the start of 2011 has improved from the fourth quarter 2010, which was hit by the rescue of Ireland and sovereign debt fears, French bank Societe Generale's deputy chief executive told Reuters Insider television.
U.S. President Barack Obama

Obama slams Iran crackdown, urges Mideast reform

U.S. President Barack Obama on Tuesday condemned Iran's crackdown on protesters inspired by Egypt's popular uprising and urged friends and foes across the Middle East to take heed of their peoples' aspirations for democracy.
Army soldiers remove makeshift shelters and clear Tahrir Square in Cairo

Analysis: Egypt army faces challenge over workers, subsidies

The Egyptian army, praised for overseeing a mostly peaceful revolution, is running into a storm of wage and subsidy demands overtaking pressure for democracy and piling more burdens on an already teetering economy. That has already happened in Tunisia, where strikes and protests continue more than a month after citizens ousted their strongman president and galvanized Egypt's opposition forces to do the same with theirs last week.
Members of the Iranian parliament

Iran lawmakers urge death for opposition leaders

Iranian lawmakers called for the death penalty on Tuesday for opposition leaders they accused of fomenting unrest after a rally in which a least one person was killed and dozens were wounded, state media said.
An Egyptian policeman

Egypt army seeks 6-month handover, Mubarak ailing

Egypt's military said on Tuesday it hoped to hand over to an elected government in six months, while the Muslim Brotherhood said emergency law should be lifted and political prisoners freed now.
Mubarak

Mubarak's retreat a far cry from the real Egypt

Anyone wondering how veteran President Hosni Mubarak lost touch with Egyptian reality needs look no further than this Red Sea resort, where he took refuge after his overthrow last week by a popular uprising.
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Egypt's Arafa closes factories due to strike

Arafa Holding, Egypt's biggest garment exporter, has closed its factories in Tenth of Ramadan City till February 17 due to labour strikes, the firm said in a statement on Tuesday.
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America Movil eyes Polkomtel

Carlos Slim's America Movil may join the 4 billion euro Polkomtel auction, switching its focus away from Serbia, the company's CEO Daniel Hajj told Reuters at a telecoms trade fair on Tuesday.
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Clinton to lay out U.S. Internet freedom plan

Secretary of State Hillary Clinton will unveil a new U.S. push for global Internet freedoms on Tuesday, citing Internet-fired protests in Egypt and Iran as examples of how new technologies can spark political transformation.
An anti-government protester waves an Egyptian flag at an elevated defense position alongside the Egyptian Museum near Tahrir Square in Cairo February 4, 2011.

Is the Worst Over for Emerging Market Stocks?

We believe that the worst is now over for emerging market equities. Moreover, we believe that the resignation of Hosni Mubarak as Egypt’s President will not only ease tensions in the region but will also restore confidence towards investing in emerging markets again
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Vimpelcom CEO sees high chance for Wind deal success

Vimpelcom Chief Executive Alexander Izosimov said there was a high possibility his company would acquire telecommunications assets of Egypt's Naguib Sawiris even as disgruntled shareholder Telenor is seeking to derail the deal.

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