Egypt prevents Eid food shipment from Gaza due to spoilage
CAIRO: Authorities at the Rafah border crossing prevented some 65 tons of meat donated by the Arab Doctors' Union from being taken into Gaza Sunday due to spoilage of the…
Egypt expects $1.83 billion stimulus will spur growth
CAIRO: A new Egyptian economic stimulus package could eventually spur 8.5 percent annual growth, but in the meantime the government will see if yet more money is needed, the finance…
World oil prices recover slightly as Dubai strains ease
LONDON: World oil prices perked up on Monday as investor worries over Dubai s debt crisis receded, analysts said.New York s main contract, light sweet crude for January delivery, added…
With M2 growth in decline, Egypt looks to new investors
CAIRO: The Central Bank of Egypt (CBE) released data that annual growth in broad money supply (M2) fell from 9 percent to 8.6 percent from September to October this year.M2…
Egypt stocks plummet following Dubai's debt crisis
CAIRO: Egyptian real estate and construction shares took a hit on Monday on the first day of trading after Dubai's debt crisis broke, driving Egypt's main index to its biggest…
British reality TV star's album shoots straight to number one
Scottish singing sensation Susan Boyle has made chart history after her debut album shot straight to number one in Britain, music officials said Sunday.Boyle, who became a worldwide star after…
In recession, 'Up in the Air' touches down on time
"Up in the Air has undergone the rarest of flights: It was delayed for a long time and its course was altered, yet it has arrived right on time. Up…
Iran opposition dancer finds refuge in Paris
Freedom for Iran! With these defiant words Iranian dancer Afshin Ghaffarian ended a public performance and began a new life as an exiled dissident in Europe.The 23-year-old was arrested in…
The Incredible Vanishing Asset
ROME: Back in the late 1980s, I attended a conference on "revenue management, or the art of pricing airline seats to maximize yield. Too high, and you lost business; too…
