Oil drops towards $74 on China banks; eyes inventories
LONDON: Oil fell towards $74 a barrel on Tuesday after China implemented a clampdown on lending, rekindling concern that tightening moves by the world s second-largest oil user may limit…
OCI, Morgan Stanley form infrastructure JV
CAIRO: Egypt s Orascom Construction Industries (OCI) has formed a 50/50 joint venture with Morgan Stanley to develop and invest in infrastructure in the Middle East and Africa, the companies…
Analysts comment on Coptic-Muslim references in Mubarak's Police Day speech
CAIRO: Reacting to President Hosni Mubarak's statements on Muslim-Christian relations in Egypt, lawyer Naguib Gobrael says that he "refuses to accept that Egyptian Copts in diaspora "are spreading misinformation about…
PA rejects European Parliament statement on Egypt's religious minorities
CAIRO: The Foreign Relations Committee of the People's Assembly (PA) rejected the statement issued by the European Parliament (EP) regarding the Nagaa Hammadi killings when it convened late on Monday.Members…
Medicine exports on the rise but industry needs more investments
CAIRO: Exports of Egyptian-made medicine reached LE 3.5 billion in 2009, over three times the expected figure of LE 1 billion, according to Health Minister Hatem El-Gabaly. The industry hopes…
Sunshine at the Crossroads
RIYADH: I woke up after an overnight flight from London with the winter sun of the Arabian desert and the sound of steel rods being loaded up, cranes moving beams,…
Downsizing Affleck: Company Men' plays Sundance
The recession has hit Ben Affleck. He s out of work, saying goodbye to his beloved Porsche, losing his home, stuck moving back in with his parents.Affleck stars in The…
Judge slashes 'monstrous' fine in music piracy case
Condemning a $2 million fine meted out to a Minnesota woman for illegally downloading music over the internet as monstrous and shocking, a judge has slashed the penalty to $54,000.US…
Reconstructing Haiti
NEW YORK: The horrors of Haiti's earthquake continue to unfold. The quake itself killed over 100,000 people. The inability to organize rapid relief is killing tens of thousands more. More…
Guilty democrats
LONDON: When former Czech President Václav Havel knocked on the door of the Chinese embassy in Prague to demand the release of the writer Liu Xiaobo, I had an eerie…