Oil falls to $123, supply fears easing
By Drazen Jorgic / Reuters LONDON: Oil eased towards $123 a barrel on Tuesday, as higher flows from Iraq and Saudi Arabia offset concern that sanctions on Iran would disrupt supply…
Tunisia cuts 2012 growth forecast to 3.5 pct
By Tarek Amara / Reuters TUNIS: Tunisia has cut its economic growth forecast for this year to 3.5 percent, down from a previous forecast of 4.5 percent due to declines in…
Egypt cbank accepts repos worth LE 14 bln
By Mohamed Samir / Reuters CAIRO: Egypt's central bank accepted LE 14.434 billion ($2.39 billion) in seven-day repurchase agreements in the money market on Tuesday. It had offered 17 billion pounds.…
Signs of life in Egypt secondary bond market
By Tom Pfeiffer / Reuters CAIRO: Egypt's secondary market in treasuries is flickering to life after a year of stagnation as companies plough excess cash into government paper and debt auctions…
Egypt minister sees telecom tender within 4 weeks
By Matt Smith and Regan Doherty / Reuters DOHA: Egypt will launch a tender for mobile virtual network operator (MVNO) licenses within four weeks, the country's communications minister said on Tuesday.…
Did America blink?
By Philip Whitfield CAIRO: Beware the leader who bangs the drums of war to whip the citizenry into a patriotic fervor, for patriotism is indeed a double-edged sword. It both emboldens…
Syria’s agony
By Shlomo Ben Ami MADRID: The English author and priest William Ralph Inge once said that “A man may build himself a throne of bayonets, but he cannot sit on it.”…
The usual suspect
By J. Bradford DeLong BERKELEY: Across the Euro-Atlantic world, recovery from the recession of 2008-2009 remains sluggish and halting, turning what was readily curable cyclical unemployment into structural unemployment. And what…
Japan’s revenge of the mandarins
By Masahiro Matsumura OSAKA: Ever since the huge earthquake that hit Japan’s Pacific coast at Tohoku on March 11, 2011, the country’s mass media has obsessively focused on the magnitude of…
‘Lost’ novel by dead Nobel laureate published
By Gabriel Rubio / AFP A "lost" novel by Portuguese Nobel literature laureate Jose Saramago which he wrote in the 1950s before he achieved international acclaim has been published nearly two…