Egypt 182-day, 91-day T-bills average yield down
CAIRO: The average yield on Egyptian 182-day Treasury bills fell to 9.936 percent at an auction on Sunday, versus 10.052 percent at last week's auction, the Central Bank said. The…
SODIC gets loan to speed up Allegria work
CAIRO: Property developer SODIC said on Sunday it had secured a LE 350 million ($61 million) loan from the Bank of Alexandria to speed up construction at its flagship Allegria…
Misr Aswan to return money to Palm Hills
CAIRO: Egypt's Misr Aswan Tourism said on Sunday its shareholders agreed to scrap a land sale contract with the country's second-biggest listed property firm, Palm Hills Developments, and return money…
Central Asia’s perfect storm
FLORENCE: Dean Acheson, US President Harry Truman’s Secretary of State, liked to quote a friend who said that being in government made him scared, but that being out of it…
America’s saving surprise
CAMBRIDGE: The household saving rate in the United States has tripled in the past three years. Why? And what does it mean for the US economy and the rest of…
Rebuilding euro governance
COPENHAGEN: Europe’s sovereign-debt problems have prompted a search for more effective approaches to economic governance in the European Union, particularly in the euro area. Having mounted exceptional efforts, first to…
Texas ed board adopts resolution limiting Islam
The Texas State Board of Education adopted a resolution Friday that seeks to curtail references to Islam in Texas textbooks, as social conservative board members warned of what they describe…
British film ‘Neds’ wins top prize at San Sebastian festival
A coming-of-age tale set in 1970s Glasgow, “Neds,” by Scottish actor and director Peter Mullan, won top honors on Saturday at the San Sebastian film festival in northern Spain. The…
Kuwait oil minister says OPEC will not change output quota
NEW DELHI: OPEC will not change its output quota at its next meeting on Oct. 14 in Vienna, Kuwaiti Oil Minister Sheikh Ahmad al-Abdullah al-Sabah said on Saturday on arriving…
Aldar expects to swing to profit in Q3, Q4, says report
DUBAI: Aldar Properties, Abu Dhabi's largest developer by market value, expects to swing to profit in the third and fourth quarters due to project deliveries, an executive was reported as…