Egypt sees deficit of 9.5 pct of GDP in 2011/12
CAIRO: Egypt's finance minister said on Monday he expected Egypt's budget deficit to rise to 9.5 percent of gross domestic project (GDP) in the financial year that begins next July,…
Egypt cbank to offer 6 bln EGP in repos Tuesday
CAIRO: Egypt's central bank said it will offer LE 6 billion ($1.0 billion) in repurchase agreements in the money market on Tuesday at a fixed rate of 9.25 percent. The…
Egypt’s GB Auto to launch car loan venture
CAIRO: GB Auto, Egypt's biggest listed automobile assembler, said on Sunday it plans to launch a finance company offering loans to car buyers in a move to expand its sources…
OT chairman says no progress in Djezzy dispute
CAIRO: Orascom Telecom (OT) has made no progress in a dispute with the Algerian government and will bring the matter to international arbitration if it is not resolved, OT's chairman…
Deconstructing Saleh
By Mai Yamani LONDON: Ali Abdullah Saleh is finished as Yemen’s president. Popular democratic protests that started on a small scale in mid-February outside Sanaa University have widened to encompass the…
A PALESTINIAN VIEW: Six months to September: Returning to our references
By Ghassan Khatib Palestinians look at the approaching September deadline as a very critical and decisive crossroads. It is the end of the one-year time-frame for the bilateral negotiations that started…
AN ISRAELI VIEW: Six months to September: The wages of Palestinian ambiguity
By Yossi Alpher "I'll speak in vague sentences," stated Palestinian President Mahmoud Abbas last week at a meeting in Ramallah when asked to discuss Palestinian plans for the period beginning September…
The anatomy of slow recovery
By J. Bradford DeLong BERKELEY: Between 1950 and 1990 — the days of old-fashioned inflation-fighting downturns engineered by the United States Federal Reserve — America’s post-recession unemployment rate would fall on…
Troops fire on Yemen protest, 6 killed, 30 wounded
SANAA: Security forces and plainclothes gunmen opened fire on crowds of Yemenis marching through a southern city Monday, killing at least six and wounding more than 30, in an intensifying…
Syria takes the initiative ahead of protests
DAMASCUS: A new governor has been appointed to the southern town of Daraa, the unexpected hub of the Syrian protest movement, the official SANA news agency reported Monday, while a…