The IMF and global coordination
NEW YORK: Before the crisis of 2008, the International Monetary Fund was in decline. Demand for loans was low, leaving it short of revenue. Asia remained leery of the Fund…
The bonus risk
CHICAGO: In its July session, the European parliament approved some of the strictest rules in the world on the bonuses paid to bankers. The aim is to curb risk-taking by…
Karnak-led consortium sells BICC Egypt to General Cable
CAIRO: General Cable Spain, an affiliate of US-based General Cable, purchased 100 percent of BICC Egypt, a medium-sized producer of low voltage cables, in a deal worth $21.7 million. A…
Egypt’s auto market set for record 2010
CAIRO: New car sales in Egypt are set to jump to a record this year, the head of the country's main carmaker group told Reuters on Tuesday, brightening the outlook…
A global view from the Alps
SCHLOSS ELMAU: In one of the most picturesque corners of Europe a discreet but high level group of global executives expressed concern about the state of play in the West,…
Egypt urges bids for nuclear station
Egypt’s Minister of Electricity and Energy Hassan Younes on Wednesday urged international companies to bid for setting up Egypt's first nuclear station for peaceful purposes, reported the state news agency.…
Egypt eyes boosting trade with Romania
Egypt's Prime Minister Ahmed Nazif met Romanian Trade and Economy Minister Adriean Videanu in Cairo and called for increasing the trade exchange between the two countries and giving a boost…
Parliamentary committee urges curbing meat price hike
The Shoura Council committee for agriculture and irrigation called for curbing rising prices of meat and formulating a policy for importing meat to narrow the gap between supply and demand,…
Egypt court sets hearing date for Palm Hills suit
The Egyptian Administrative Court set Oct. 26 as the first day of a trial in a lawsuit challenging one of Palm Hills' land deals, the court said on Wednesday. The…
Political Picasso goes on exhibition at Vienna museum
More than 200 political works by Pablo Picasso, created after the artist joined the French Communist Party in 1944, will go on exhibition in an Austrian museum from Wednesday. In…
