Europe’s empty fiscal compact
By Martin Feldstein CAMBRIDGE: The driving force of Europe’s economic policy is the “European project” of political integration. That goal is reflected in the European Union’s current focus on creating a…
Free trade ad nauseam
By Jagdish Bhagwati NEW YORK: So much has been written, by so many, against the muddled ideas that have now overwhelmed good sense on trade policy in the United States government…
Gold slips as euro zone worries lift dollar
By Jan Harvey / Reuters LONDON: Gold slipped on Monday as concerns over Greece's progress on completing a debt restructuring deal and poor euro zone data lifted the dollar versus the…
Dubai plans to securitize airport duty free revenues: sources
By Praveen Menon / Reuters DUBAI: Dubai plans to raise funds by selling debt based on future revenues at Dubai Duty Free, one of the world's largest airport retailers, according to…
Maridive 2011 net profit drops 32 percent
By Reuters CAIRO: Egypt's Maridive and Oil Services, the biggest oil services company by fleet size in the Middle East, reported a 32 percent drop in net profit in 2011,…
GB Auto says Q4 net rises 8 pct
By Yasmine Saleh and Tom Pfeiffer / Reuters CAIRO: Egyptian vehicle distributor GB Auto reported an 8 percent rise in its fourth-quarter net income on Monday as soaring sales of its…
Egypt attracts solid demand for 7-year government bonds
By Tom Pfeiffer and Mohamed Samir / Reuters CAIRO: Egypt attracted solid demand at an auction of seven-year treasury bonds on Monday amid optimism that foreign donors will help ease the…
Egypt forex reserves drop slows to $636 mln in Feb
By Patrick Werr / Reuters CAIRO: A decline in Egypt's net foreign reserves slowed dramatically in February, reducing pressure on the central bank to allow a rapid devaluation of the country's…
Palestinian named Annan deputy to Syria
By AFP CAIRO: The Arab League on Monday named Palestinian diplomat Nasser al-Qudwa to serve as former UN chief Kofi Annan's deputy in his role as international envoy to conflict-stricken…
Iraq ready to host Arab summit: president
By AFP BAGHDAD: Iraq has completed its preparations for an Arab summit that is to be held in Baghdad at the end of March, Iraqi President Jalal Talabani said in…