Egypt April core annual inflation dips to 6.62 percent
Egypt's core annual inflation fell to 6.62 percent in the year to April from 7.04 percent in March, the central bank said on Monday. Three out of four analysts polled…
Etisalat Egypt says secures $1.3 billion loan
Abu Dhabi telecoms operator Etisalat's Egyptian unit is to borrow LE 7.2 billion ($1.3 billion) for expansion and to improve services. The funds will come from National Bank of Egypt,…
Trouble in Europe sends ripples through world markets
CAIRO: Uncertainty over the fate of Greece and other troubled EU economies has caused fluctuations in global markets this week despite the announcement of a nearly $1 trillion rescue package…
European solutions?
So — at last — Greece, the Eurozone and the IMF have reached an agreement and, if it holds up, money will start flowing. But how many times have we…
IFC sees big gains in reducing costs of dispute settlements
CAIRO: The private sector and the International Finance Corporation (IFC), through the World Bank, believe that there is a wealth of opportunity to drive down litigation and arbitration costs in…
In Vietnam film, US My Lai killer returns to apologies
In Le Dan's cinematic vision, a tormented former US army lieutenant returns to Vietnam to personally apologize for organizing the wartime massacre at My Lai. Dan, 82, has taken the…
Parliament approves two-year emergency law extension
CAIRO: Egypt's parliament voted on Tuesday to extend a decades-old state of emergency for a further two years, the official MENA news agency reported. "The People's Assembly has approved by…
Violence and censorship define Middle East movie output
Fewer than usual movies from the Middle East are in the front line at Cannes 2010, but the industry is nonetheless booming despite censorship, security and funding concerns in a…
Facebook's expansion triggers political backlash
SAN FRANCISCO: Facebook's plan to spread its online social network to other websites could be detoured by regulators looking into privacy concerns that have raised the ire of federal lawmakers.…
Sudan wants Interpol help to 'arrest rebel chief in Egypt'
KHARTOUM: Sudan has sought Interpol's help for the arrest in Egypt of Justice and Equality Movement rebel movement leader Khalil Ibrahim, a website close to the country's intelligence services reported.…