OPEC ends Cairo meeting without new output cuts
CAIRO: OPEC held off on announcing new oil output cuts on Saturday, but its alarm over falling demand and a slumping economy potentially laid the groundwork for a big reduction…
Egypt stock index adds 4 pct, extending rebound
CAIRO: Egypt s benchmark stock index jumped 4 percent on Sunday to extend a rebound alongside Gulf Arab bourses, with gains in some of the Egyptian stocks most battered by…
Hamas preventing pilgrims from crossing through Rafah
CAIRO: Palestinian pilgrims to Mecca were prevented from entering Egypt through Rafah for the second day running by Hamas because of a dispute over who was allowed entry.Hamas set a…
EGY Finance kicks off, hands $2 bln in grants
CAIRO: The EGY Finance Conference opens today in Cairo, and will present over $2 billion of grants, technical assistance instruments and lines of credit availed by donors."EGY Finance is an…
Real estate is a 'safe haven,' says Palm Hills CEO
CAIRO: Amid the gloom of the global economic crisis, Egyptian officials and industry insiders have repeatedly proclaimed the health of both the financial industry and the real estate sector. Yasseen…
Festival honoree on adapting Naguib Mahfouz to Mexican cinema
Director Arturo Ripstein, who received the lifetime achievement award at the closing ceremony of the Cairo International Film Festival, says he cannot help but be what he is. Based on…
Spanish film 'Return to Hansala' scoops CIFF's Golden Pyramid
CAIRO: A small Spanish film set in Spain and Morocco about illegal immigration snatched the Cairo International Film Festival's Golden Pyramid award last Friday at a small closing ceremony thankfully…
Hillary's back
NEW YORK: So, why did he do it? What led Barack Obama to tap his former adversary, Hillary Clinton, to serve as his Secretary of State, the face and voice…
The road to depression
BERKELEY: For 15 months, the United States Federal Reserve, assisted by the financial regulators of the US Treasury, have been trying to make the macroeconomic consequences of the American mortgage-backed…