No progress on Orascom Algeria unit sale: Djoudi
Egyptian operator Orascom Telecom has shown no willingness to discuss a sale of its Algerian business to the Algerian government, finance minister Karim Djoudi said on Tuesday. Algeria last month…
Italy's Wind eyes acquisitions in growth push
ROME: Italy's No.3 mobile phone operator Wind is open to making acquisitions to grow in the competitive Italian telecoms market and would be interested in BT's Italian unit if it…
Nationality, Orascom tag could hobble OCI in Algeria
CAIRO: Orascom Construction Industries (OCI), Egypt's biggest listed builder, will be forced to seek more work at home and in Gulf Arab states as economic and political tensions make its…
History lesson: Privatization, cronyism and industry
CAIRO: “I wanted to go deeper into the complexities behind the apparent self-enrichment practices evident in the current government,” said Amr Adly, a PhD candidate at the European University Institute…
Egypt competes for investor money amid global crisis
NEW YORK: Egypt is competing for foreign investors' stock listings at a time when risk tolerance is thin and turmoil in the global economy has reduced confidence that there will…
Egyptian arrested for trying to sneak into Gaza
CAIRO: Border guards in Rafah arrested a man in the early hours of Tuesday morning as he attempted to infiltrate the border into the Gaza Strip. The man was identified…
Sluggish credit slows strong Mideast rebound, says IMF
DUBAI: Stress in the financial system and weak credit are expected to slow economic rebound in the Middle East and North Africa (MENA) region this year, the International Monetary Fund…
Moldova Comes in From the Cold
CHISINAU: Today, “color revolutions,” which a few years ago were seen as promising developments in the post-Soviet space, seem to be out of fashion. Around the world, disappointment with democracy…
The Arab League's new opportunity
NEW YORK: Recently the Arab League’s Arab Peace Initiative follow-up committee endorsed the launch of proximity talks between Israel and the Palestinian Authority (PA) for the second time in as…
The Geoengineering Temptation
NEW BRUNSWICK: Let’s be clear: man-made global warming is real. As a result of all the carbon dioxide, methane, soot, and other substances that we human beings pump into the…