Egypt cbank holds rates despite inflation uptick
Egypt's central bank left its key overnight interest rates unchanged on Thursday despite this week's surprise rise in core inflation, a decision in line with forecasts of all 11 economists…
Runways go back to nature at NY Fashion Week
The runways at New York Fashion Week carved a path through the woods — sometimes literally. Michael Kors had a wooden runway lined with boxwood for his sunny nature-inspired show…
Saudi firms buy 625,000 tons barley: trade
A group of leading Saudi importers has purchased 360,000 tons of optional origin barley for Oct. shipment and another 265,000 tons of Ukrainian origin for Sept. shipment, trade sources said…
Apache, Dana in Egypt oil exploration deals
Apache Corp, Dana Petroleum and Merlon International will explore for oil in Egypt's western desert under deals signed with the government, state news agency MENA reported. Apache and Dana will…
Osmanly: The new Turkish delight in town
Pardon the pun I just had to, but no Turkish delight was served. I wore heels and a linen dress in an effort to appear respectful of the treat I…
Ahram editor defends doctored photo of Mubarak
CAIRO: State-run daily Al-Ahram defended in an editorial Friday publishing a doctored photo of the Mideast peace talks, which put President Hosni Mubarak in the front, saying it was “illustrative.”…
Joint ownership: A new model for public-private partnerships, says report
CAIRO: Booz & Company, a global management consulting firm, which provides strategic advice to businesses, governments and organizations, released a report on Sept. 14, outlining how joint ownership ventures…
Dubai petrol stations running out of gas
Gas retailers in Dubai in the United Arab Emirates are finding it hard to deal with rising prices and government price controls. Emarat, one of four gas retailers operating in…
Clinton says Mideast peace ‘within reach’
AMMAN: US Secretary of State Hillary Clinton said on Thursday that the Israeli and Palestinian leaders are committed and serious about making peace, which is "within reach." She was speaking…
Al-Arabiya TV chief withdraws resignation
DUBAI: The head of Saudi-owned Al-Arabiya television, known for his liberal views, said on Thursday he has withdrawn his resignation after the chairman of the channel's parent group MBC refused…