Oil market witnesses record price gap
LONDON: A cocktail of factors, including ample US crude stockpiles, unrest in the Middle East and North Africa and keen Asian demand, has caused benchmark oil prices to trade more…
Egypt reduces size of T-bill sale as yields rise
CAIRO: Egypt's central bank said it sold LE 5.79 billion ($973.83 million) in domestic treasury bills on Sunday, less than the LE 6.5 billion it was seeking. The bank sold…
Kingdom Holding eyes $350 mln Egypt investment: paper
CAIRO: Saudi firm Kingdom Holding is considering investing $350 million in an agro-industrial project in Egypt, newspaper Al-Mal quoted a senior company executive as saying on Sunday. "I think we…
Romania vows to help Egypt in coming phase
CAIRO: In post-revolution Egypt, Chairman of the Egyptian-Romanian Business Council Hassan El-Shafei announced that by 2015, the council plans to reach $600 million in bilateral economic exchange while increasing yearly…
Egypt names Al-Orabi as new foreign minister
CAIRO: Egypt on Sunday appointed Mohammed Al-Orabi as the new foreign minister to replace Nabil El-Araby who will head the Arab League, the official MENA news agency reported. "Prime…
Libya intervention interrogated
By Asli Bali The Libya intervention is important for three reasons. First and foremost, its potential consequences for the people of Libya give urgency to the current stalemate. Second, the intervention…
Much ado about very little
By Chuck Freilich President Barack Obama's recent speech on the "Arab spring" was billed as a bold vision of American policy towards a Middle East undergoing revolutionary change, a first conceptually…
The economic governance the EU needs
By Guy Verhofstadt BRUSSELS: Two lessons have emerged from Europe’s financial crisis. First, there is no substitute for timely and coordinated action when the single currency is under pressure. Second, all…
Yogyakarta ruler’s tolerance an example for Indonesia
By Ahmad Suaedy JAKARTA: In Yogyakarta, the cultural center of the island of Java in Indonesia, the governor, Sultan Hamengkubuwono X, has set an interesting precedent by refusing to ban the…
Fatah calls off Cairo unity meeting with Hamas
RAMALLAH: A planned announcement on Tuesday of a new Palestinian unity government has been delayed after the Fatah and Hamas movements failed to agree on a prime minister, Fatah officials…
