Government to protect TMG investors
CAIRO: Egypt's government will protect investors exposed to an ongoing dispute over the sale of state land to real estate firm Talaat Moustafa Group (TMG), the country's Finance Minister said…
Erdogan’s Choice
ISTANBUL: “Turkish democracy is at a turning point,” Prime Minister Recep Tayyip Erdo?an announced after winning a crucial vote in a referendum to change Turkey’s constitution. “We are sitting an…
An inconvenient truth about OPEC
DALLAS: The three major organizations that forecast long-term oil demand and supply — the International Energy Agency (IEA), the Organization of Petroleum Exporting Countries (OPEC), and the United States Energy…
Four steps to US fiscal health
WASHINGTON, DC: The United States has a significant budget deficit, likely to be $1.3 trillion (10 percent of GDP) this year, and the long-term forecasts are worrying. According to the…
Addressing conflict means looking into land rights in Pakistan
MELBOURNE/LAHORE: Pakistan is presently caught in the midst of devastation on many fronts: floods, terrorism, sectarianism and street vigilantism. Yet there is another issue that is critically important for Pakistan’s…
Donors want Pakistan to tax rich to pay for floods
KARACHI: Pakistan's plea for billions of dollars to recover from this summer's floods has sparked pressure on the country to reform a tax system that collects very little money, even…
Iraq sets gas field auction for October 20
BAGHDAD: Iraq is to hold a public auction on October 20 for the rights to work on three gas fields, an oil ministry spokesman said on Monday. The sale of…
Dubai: Metro running smoothly
Almost one year since opening, Dubai's metro is on track to meet the expectations of its creators despite doubts that the cosmopolitan city's citizens could easily be wooed away from…
Rioting breaks out at Lebanon prison, warders seized
TRIPOLI: Rioting broke out at a prison in the northern Lebanese city of Tripoli on Monday with inmates taking warders hostage to demand better conditions and reduced sentences, a security…
Shiite cleric stripped of Bahraini citizenship, say media
MANAMA: Bahraini authorities have stripped high-ranking Shiite cleric Ayatollah Hussein Mirza Najati of his citizenship for "violation" of the law, local media reported on Monday. The move comes amid heightened…