CBE rules out intervention in the exchange market
A Central Bank of Egypt (CBE) official has ruled out any CBE intervention in the foreign exchange market following the recent weakening of the Egyptian pound against the US dollar,…
Egypt obtains €560 million in loans from EIB
The European Investment Bank (EIB) has extended two loans to Egypt’s Ministry of Electricity and Energy for an aggregate value of E560 million, the local news reported. Around €260 million…
Why has America’s economic recovery stalled?
CAMBRIDGE: The United States’ import bill now exceeds $2.4 trillion a year, more than twice that of China and greater than that of the 27 European Union countries combined. Since…
A new beginning for NATO and Russia
BRUSSELS: When I gave my first public speech as Secretary General of NATO just over a year ago, I focused on the NATO-Russia relationship, because I believe it is crucial…
Homophobia: The violence of intolerance
Seth Walsh was 13 years old when he walked into the garden of the home he shared with his family in Tehachapi, California last month and hanged himself. Before taking…
Media content regulations: A guidance framework
CAIRO: At a time when the new social media has widened the margin of freedom of expression and opened forums for the society to speak out, have voices, share ideas,…
Wrestling with fame with the Kings of Leon
The Kings of Leon took more than musical cues when they opened a concert tour for U2 a few years back. They learned that ambition isn't a dirty word. That…
Greed is still good in Stone’s new ‘Wall Street’
Oliver Stone directs an all-star cast in the much anticipated sequel “Wall Street: Money Never Sleeps,” delivering a narrative worthy of its namesake. Much like the reality of the famed…
WikiLeaks insists website not anti-American
LONDON: WikiLeaks spokesman Kristinn Hrafnsson insisted Monday that the whistle-blowing website was not anti-American, as he revealed there was "a lot of material" in the pipeline. WikiLeaks on Friday released…
Israeli panel seeks testimony from all flotilla passengers
JERUSALEM: The Israeli panel examining a deadly raid on a Gaza-bound aid flotilla has urged anyone who was on board the flagship Mavi Marmara at the time of the operation…