Egypt buys 66,500 tons of rice from local market
Egypt's General Authority for Supply Commodities (GASC) said on Monday it had bought 66,500 tons of rice from the local market through a tender. Nomani Nomani, vice chairman of GASC,…
Lecico Q3 net profit rises 5 pct
Ceramics maker Lecico Egypt posted a 5 percent increase in third-quarter net profit on Monday, reversing a decline in the second quarter when it was hit by costs from a…
Egypt central bank did not intervene to back pound
CAIRO: The central bank did not intervene last week to help the Egyptian pound recover from a five-year low against the US dollar and is not targeting exchange rate levels…
One-off boosts Orascom Tel profit, Algeria subs fall
CAIRO: Egypt's Orascom Telecom, which may tie up with Russia's Vimpelcom to create the world's fifth-biggest mobile operator by subscribers, said on Sunday it returned to profit in the third…
Suez Canal revenue up to $427.3 mln in October
CAIRO: The Suez Canal, a major indicator for the state of Egypt’s economy, brought in $427.3 million of revenue in October, up from $398.9 during the same month in 2009,…
Hamas and the social Islamization of Gaza
By Mkhaimar Abusada GAZA CITY: The Gaza Strip was known as a very traditional and conservative society long before Hamas seized control of it in June 2007. The densely-populated Strip is…
How Turkey is changing
By Soner Cagaptay, Hale Arifagaoglu and Cansin Ersoz WASHINGTON, DC: The Justice and Development Party (AKP) rose to power in Turkey in 2002, introducing new social, political and foreign policy currents…
Austerity politics, then and now
By Harold James PRINCETON: Britain’s policy of fiscal consolidation, recently announced by Chancellor of the Exchequer George Osborne, sent shock waves around the world. Osborne argued that Britain was on the…
The opportunity in Seoul
By Yoon Young-kwan SEOUL: Hubris usually gives birth to disaster. The root cause of the current global crisis was intellectual hubris in the form of the blind belief that markets would…
Hollywood actors, studios reach new contract
Hollywood actors' unions and major studios announced Sunday they had reached a new, three-year contract averting the kind of strike that paralyzed the US entertainment industry for 100 days in…
