Debt spreads tightest in 7 months
By Philip Baillie / Reuters LONDON: Emerging debt spreads narrowed to their tightest in seven months and stocks rose 1 percent on Tuesday as European Central Bank liquidity continued to draw…
Europe’s trust deficit
By Barry Eichengreen BERKELEY: There is no shortage of talk nowadays about Europe’s deficits and the need to correct them. Critics point to governments’ gaping budget deficits. They cite the southern…
Russia slays Georgian ‘monsters’ in Kremlin-backed film
By Anna Malpas / AFP A lone heroine fights off giant monsters and sinister masked warriors in "August 8," a Kremlin-funded blockbuster that gives the Russian view of the country's 2008…
OT 4th quarter net loss narrows to $83 million
By Reuters CAIRO: Orascom Telecom Holding SAE (OT), the Egyptian company bought last year by Russia's Vimpelcom Ltd, said on Monday it narrowed its losses in the fourth quarter to…
A novelist’s memories of revolution in Cairo
By Maurice Chammah I did not fully appreciate novelist Ahdaf Soueif’s new memoir “Cairo: My City, Our Revolution” until I read portions of the text out loud. Some of Soueif’s longer…
Majid Al Futtaim eyes $500 mln Egypt loan: sources
By David French and Michelle Meineke / Reuters DUBAI/LONDON: Dubai-based developer Majid Al Futtaim (MAF) has picked two Egyptian banks to arrange a loan worth around $500 million, to fund construction…
Egypt says deficit not to exceed LE 144 bln
By Reuters CAIRO: Egypt's finance minister denied a report published on Monday that the government had raised its budget deficit forecast for this fiscal year to LE 150 billion. Recent reform…
US urges support for economic reform in Egypt
By Louis Charbonneau and Michelle Nichols / Reuters UNITED NATIONS: US Secretary of State Hillary Clinton on Monday urged the international community to support the International Monetary Fund in its efforts…
Syria opposition demands ‘urgent’ military intervention after massacre
By AFP ISTANBUL: The opposition Syrian National Council called on Monday for an "urgent" foreign military intervention in Syria after reports that 47 women and children were killed in a…
N. Africa countries adopt plan to secure borders
By Ali Shuaib / Reuters TRIPOLI: Nine northern African countries including Libya, Algeria and Egypt agreed on Monday to work together to secure their borders in a move to clamp down…