Oil at 30-month peak on Middle East, weak dollar
LONDON: Oil prices hit fresh peaks on Wednesday, rising to highest since August 2008, buoyed by unrest in the Middle East and North Africa and dollar weakness ahead of an…
Raya 2010 net profit grows 2.4 percent
CAIRO: Egypt's Raya Technology and Communication posted a 2.4 percent rise in 2010 net profit to LE 42.3 million ($7.10 million), the stock exchange said on Wednesday. Last October, the…
El Sewedy leads Egypt index higher
CAIRO: Egypt's main index inched up, led by El Sewedy Electric after the cable maker said 2010 net income jumped 29.5 percent. Sewedy gained 5.9 percent. The stock had declined…
Citi, Sanabel honor micro entrepreneurs
CAIRO: The best micro projects of 2010 were celebrated by Citi Foundation and Sanabel in an awards ceremony to highlight the accomplishments of 20 entrepreneurs. “We’re here today to celebrate…
Kuwaiti investor confidence intact in Egypt
CAIRO: “We see more opportunities for investment ,” Rachid Al-Hamed, Kuwait’s ambassador, said Wednesday at a conference in Cairo. Entitled “Partners in Development,” organized by the General Authority for Investment,…
Shock in Jenin after theater director’s murder
The murder of an Israeli-Palestinian theater director drew international condemnation as shocked colleagues refused to believe he was killed for his art. Juliano Mer-Khamis, a well-known actor and theater director…
After 5 decades, R. Crumb’s art shocks, edifies
Robert Crumb finds it odd that 90 pieces of his work are hanging on the wall or protected under glass at a new exhibit featuring the underground "Zap Comix," "Bijou…
Gambling with the planet
By Joseph Stiglitz DUBAI: The consequences of the Japanese earthquake — especially the ongoing crisis at the Fukushima nuclear power plant — resonate grimly for observers of the American financial crash…
MENA activists bring hope online
BEIRUT: Hope just got a boost online. From photos of youth in Saudi Arabia rebuilding after recent floods, to blog posts about solidarity in peaceful protests in Tahrir Square, to…
Inflationary angst
By Harold James PRINCETON: Can central banks contain inflation? We once thought they could. Over the past 20 years, central banks around the world, including the United States Federal Reserve, pursued…