The Euro’s crisis of democracy
By Miguel Maduro FLORENCE: In the end, as always, Europe acted. But will it be enough? Financial markets, no doubt, will be skeptical about the eurozone members’ solemn commitment that the…
Ampal reports losses following disruption of gas flow to Israel
CAIRO: Ampal-American Israel Corporation reported a net loss of $9.7 million due to the “impairment” on the Eastern Mediterranean Gas Co. (EMG), which supplies Egyptian natural gas to Israel, for…
Arab League expresses ‘growing concern’ over Syria
DUBAI: The Arab League on Sunday expressed "growing concern" over developments in Syria and called on the authorities to immediately stop acts of violence against protesters, Qatar's state news agency…
Six detained in Tahrir iftar crackdown
CAIRO: Six protesters were detained by military police after a violent crackdown on iftar in Tahrir last Friday. They were referred to military prosecution Sunday, and were detained…
Korean Wave starts lapping on Europe’s shores
By Jung Ha-Won/ AFP South Korea's pop music industry is eyeing Europe after taking East Asia by storm, with promoters using the power of the internet to lure distant fans. K-pop…
Turkey, Egypt top buyers of Russian grain in July
MOSCOW: Turkey and Egypt, the top two buyers of Russian grain for the past five years, bought the most grain from the Black Sea powerhouse in July after Russia's export…
Of love, sex and death: Anh Hung Tran’s ‘Norwegian Wood’
For the past 20 years, Vietnamese cinema has been predominantly identified with one filmmaker: Anh Hung Tran. The three films Tran directed between 1993 and 2000 put Vietnamese cinema…
Finance minister says no more privatizations planned
CAIRO: Egypt's finance minister said on Sunday the government would not sell any more state firms but also reassured investors that the state had no intention of nationalizing companies, the…
Egypt sells LE 6 bln in T-bills, yields rise
CAIRO: Egypt's Ministry of Finance said the central bank sold LE 6 billion ($1.007 billion) in domestic treasury bills on Sunday, the same amount it had offered. The central bank…
Hamas, Fatah bid to seal reconciliation in Cairo
CAIRO: Rival Palestinian groups Fatah and Hamas opened talks Sunday in Egypt aimed at implementing a reconciliation agreement struck in May, state news agency MENA reported. The two sides held…