The city pulsed to a beat it hadn’t felt for decades as it welcomed its new president. Intellectuals met at private political salons for open, lively discussions of topics they had only dared to mention in whispers before: demands for greater democracy, the suspension of emergency law, an end to the ruling party’s domination.
Occidental Petroleum Corp., transformed by longtime leader Ray Irani into a global oil powerhouse from a hodgepodge of businesses that included movies and meatpacking, is set to undergo another makeover after the chairman’s ouster by shareholders.
President Barack Obama shared in the Egyptian people’s exhilaration in forcing Hosni Mubarak from power, while cautioning of “difficult days ahead” for the Mideast nation’s fledgling embrace of democracy.
Edward Djerejian, former U.S. ambassador to Israel and Syria, talks with Bloomberg's Bradley Olson about the outlook for Libya's transitional government following the death of Muammar Qaddafi and the country's oil industry. (Source: Bloomberg)