Egypt will not raise local wheat prices: paper
Egypt will not raise local wheat prices or cut bread subsidies after a Russian wheat export ban sent world prices soaring, a government minister was quoted as saying by a…
Economists debate Egypt’s fiscal performance
CAIRO: The Egyptian government recently touted the success of its stimulus programs in achieving favorable GDP growth rates, deficit and debt reductions as well as structural reforms. Questions remain though…
EgyptAir sees full-year profit up, eyes expansion
CAIRO: Egyptair, Egypt's flagship carrier and one of Africa's largest airlines, aims to boost full-year profit nearly a third, rebounding from a global economic downturn, an executive said on Sunday.…
Blackberry on the line in the Middle East
There is severe break down in communication between the Middle East and Research in Motion surrounding a device designed to enhance dialogue — the Blackberry. From Washington to Silicon Valley…
Egypt index down, food stocks gain
CAIRO: Egypt's benchmark index ended almost flat at 0.3 percent lower, led by heavyweight Orascom Telecom (OT) and Orascom Construction. "Heavyweight stocks are down as investors are selling to make…
Amazon looking to go ‘mass market’ with Kindle price cut
Amazon, by slashing the price of the Kindle, is hoping to turn its electronic book reader into a device with mass market appeal, one for "serious readers" distinct from Apple's…
Japan’s atom-bombed Madonna becomes peace symbol
When the atom bomb "Fat Boy" devastated Nagasaki 65 years ago on Monday, one of the buildings reduced to rubble was the city's Urakami cathedral — then among the largest…
Palestinian suffering crossing the bridge continues
AMMAN: Once again the summer heat is upon us. And once again, people’s anguish, and appeals at the overcrowded King Hussein Bridge are melting as quickly as an ice cream…
John Stuart Mill vs. the European Central Bank
BERKELEY: One of the dirty secrets of economics is that there is no such thing as “economic theory.” There is simply no set of bedrock principles on which one can…
Choosing freedom over fear at 51 Park St.
NEW YORK: Terrorism is brutal and devastating, and its ultimate goal is fear. Terrorists hope to set allies against each other, and build tension between compatriots. The atrocities carried out…