Middle East, Africa funds sit on cash, wait for recovery
DUBAI: Equity funds investing in the Middle East and North Africa (MENA) are sitting on high cash piles, signaling a lack of conviction and absence of viable opportunities in a…
Air Arabia to start Casablanca-Alexandria route
Regional low-cost carrier Air Arabia will start direct services to the Egyptian city of Alexandria from the airline’s second hub in Mohamed V Airport, Casablanca, Morocco. Egypt represents the 12th…
National Cement full-year profit up 18 pct
Egypt's National Cement achieved an 18 percent increase in annual net profit as its sales inched higher, the company said in a note to the stock exchange on Monday. The…
EDBE profit dips, proposes capital increase
Export Development Bank of Egypt (EBDE) said net profit for the year to end-June dropped 26 percent and it was proposing to increase its capital, the stock exchange reported on…
Egypt to spend $10.5 bln to upgrade irrigation: paper
Egypt plans to spend an initial LE 60 billion ($10.5 billion) to upgrade the country's irrigation network, a newspaper reported on Tuesday, citing the agriculture minister. Countries along the Nile…
World religions curricula in schools can help redefine the ‘educated person’
CAMBRIDGE, Massachusetts: How can the United States guarantee multi-religious understanding, pluralistic tolerance and strong social cohesion amongst its citizenry of different faiths for generations to come? The answer is simple,…
Millennium Development Miles
PARIS: The global economic crisis has claimed many victims — unemployed workers, underwater homeowners, and bankrupt pensioners — but nowhere have the repercussions been as devastating as in the developing…
Can we regulate systemic risk?
MILAN: In the past two years, two dangerous episodes of financial instability and sudden changes in market dynamics have hit the world economy. More are likely, because the global economy…
Hope for the Israeli-Palestinian conflict
JERUSALEM: There are many reasons to be pessimistic and at times to despair about the Israeli-Palestinian conflict. Yet even when things look hopeless, hope has a way of appearing, offering…
Burning Quran endangers troops, says top US commander
KABUL: The top US and NATO commander in Afghanistan warned Tuesday an American church's threat to burn copies of the Muslim holy book the Quran could endanger US troops in…
