Israel, Palestinians must show ‘courage’: Merkel, Mubarak
BERLIN: German Chancellor Angela Merkel and visiting Egyptian President Hosni Mubarak on Wednesday called on Israel and the Palestinians to show "courage and creativity" in their peace talks. "Germany and…
Egyptian lawyers call for TMG project sales freeze
CAIRO: Egypt's influential Lawyers' Syndicate has called on the government to freeze sales at Talaat Moustafa's (TMG) flagship real estate project after a court ruled the land on which it…
The price of crisis prevention
BRUSSELS: Two years have passed since the financial crises erupted, and we have only started to realize how costly it is likely to be. Andrew Haldane of the Bank of…
Mideast investors favor emerging debt, gold: J. Baer
DUBAI: Yield-seeking Middle East investors are chasing exposure to emerging markets amid a low interest rate environment in more developed nations, an official at Swiss private bank Julius Baer told…
Turkey’s role as East-West bridge must start at the grassroots
IZMIR, Turkey: During the Cold War years, Turkey found itself in a position — both economically and politically — to align with the West, although immediately after the end of…
TMG, PHD lead Egypt index to new 4-mth high
Property developers led Egypt's main index to a new four-month high after a state-appointed legal committee outlined a solution to a dispute over the land used by Talaat Moustafa for…
Egypt slides 11 places in competitiveness index
CAIRO: Egypt ranked number 81 in a global competitiveness index, dropping 11 places from last year. Out of 139 countries included in the 2010-11 Global Competitive Index (GCI) report, issued…
Canadian miner aims to repeat pharaohs’ success
Canadian mining company Nuinsco hopes to seal a concession agreement in Egypt's Eastern Desert before the year-end, allowing it to explore an area where pharaohs once dug up gold to…
Big money merges with big brother
PARIS: All over the world, internet users entertain romantic delusions about cyberspace. To most of us web surfers, the Internet provides a false sense of complete freedom, power, and anonymity.…
Heliopolis Housing not utilizing assets: CI Capital
CI Capital said Heliopolis Housing and Development’s intention to sell 109 land plots is negative, according to a report on Arab Finance. The news may initially appear positive, CI said,…