The internationalization of Tahrir Square
By Karim Kasim In the last week of July, the United Nations held its High Level Meeting on Youth as part of the closing of the International Year of Youth 2011…
Obama’s blunder at the bank
By Jagdish Bhagwati NEW YORK: The selection of a successor to Robert Zoellick as President of the World Bank was supposed to initiate a new era of open meritocratic competition, breaking…
Abdul Sattar Edhi: a beacon of hope in Pakistan
By Zeeshan Suhail ISLAMABAD: At the request of the Prime Minister, the government of Pakistan submitted an official nomination to the 2012 Nobel Peace Prize Committee for a Pakistani humanitarian, Abdul…
Greek lender EFG to sell Turkish arm to Kuwait
By Dinesh Nair / Reuters DUBAI: EFG Eurobank will sell its Turkish arm to Kuwait's Burgan Bank in a $355 million deal which will help shore up the struggling Greek lender's…
Egypt sells 3- and 5-year bonds worth LE 3.5 bln
By Reuters CAIRO: Egypt's central bank said it sold LE 3.5 billion ($579.8 million) in three and five-year bonds on Monday, the same amount it had offered. It sold LE…
CI Capital raises Egypt’s Oriental Weavers
By Reuters CAIRO: Egypt's Oriental Weavers, the world's biggest machine-woven carpet maker, may report earnings growth of 33 percent in 2012 helped by easing raw material prices and increased demand,…
Suez Canal rises 3.5 pct in year to March
By Reuters CAIRO: Monthly revenue from Egypt's Suez Canal rose 3.5 percent in the year to March to $428 million, the Egypt Information Portal website showed on Monday. The canal's…
Egypt stocks drop to 8-week lows on funding fears
By Tom Pfeiffer and Patrick Werr / Reuters CAIRO: Egyptian stocks fell to eight-week lows on Monday after the Muslim Brotherhood challenged the government to change the terms of an emergency…
Egypt’s Islamist candidate says IMF deal unlikely
By Patrick Werr and Marwa Awad / Reuters CAIRO: Egypt's Muslim Brotherhood has warned the government it will not support an IMF loan unless the terms are changed or it moves…
Network aims to empower MENA female entrepreneurs
By Reem Abdellatif CAIRO: Women are playing an increasingly imperative role as pioneers of economic prosperity and growth in the Arab world. With this in mind, the Middle East and North…