APICORP redirects investments into oil and gas sectors in MENA region
The Arab Petroleum Investments Corporation (APICORP), a multilateral development bank owned by the 10 member states of the Organization of Arab Petroleum Exporting Countries (OAPEC), announced its first divestment Tuesday,…
Giza appeals committee accepts Omraneya church demolition appeal
GIZA: A Giza appeals committee required on Monday that Al-Omraneya district administration present documents proving that the community center for the Virgin Mary and Archangel Michael Church falls under the…
Local banking sector looks to build on 2010’s momentum
CAIRO: Analysts are largely unanimous in their assessment that 2010 was solid year for the local Egyptian banking sector, as it posted healthy growth figures. This view contrasts sharply with…
What’s so good about America’s tax package?
By Martin Feldstein CAMBRIDGE: The tax package agreed to by President Barack Obama and his Republican opponents in the United States Congress represents the right mix of an appropriate short-run fiscal…
Suicide bombers kill four in Iraq police station
MOSUL: Two suicide bombers on Wednesday killed four policemen in a police station in the northern city of Mosul, including an officer who oversaw a deadly raid on militants, Iraqi…
Possible outcomes of Kuwait’s political crisis
By Eman Goma/ Reuters Kuwait's ruler could move to reshuffle the government or dissolve parliament in the coming days, if opposition lawmakers gather enough support for a non-cooperation motion against the…
Abbaseyya Psychiatric Hospital to be made into an Islamic heritage site, says SCA
By Sarah Carr CAIRO: The building that houses the Abbaseyya Psychiatric Hospital will be made into an Islamic heritage site, the Supreme Council for Antiquities (SCA) announced in a press statement…
Abbas heads to Brazil to found Palestinian embassy
RAMALLAH: Palestinian president Mahmoud Abbas was to travel to Brazil later on Wednesday to lay the symbolic foundation stone of a Palestinian embassy in Brasilia. The ceremony is to take…
Ex-president sees rise in Iran poll ‘restrictions’
TEHRAN: Former president turned opposition backer Mohammed Khatami predicts that more and more "restrictions" will be imposed on elections in Iran, an opposition website reported on Wednesday. Khatami said all…
Decoding Egypt: Mubarak’s regime against the Washington Post
By Nael Shama CAIRO: Egyptians feel so bitter today as they see their country, an ancient civilization and a political powerhouse in the Middle East, sink into poverty and underdevelopment at…
