Experts debate future of Shoura Council
By Heather Moore CAIRO: With its first session scheduled for Tuesday, experts are divided over the future of the Shoura Council, with some expecting it to have more power and others…
ANALYSIS: Oil price rise raises specter of global recession
By Zaida Espana and Dmitry Zhdannikov / Reuters LONDON: A jump in energy prices is jamming the slow-turning cogs of an economic recovery in the West, but that may be nothing…
Sanctions risk rerun of oil’s 2011 flash crash: Kemp
By John Kemp/Reuters LONDON: Soaring oil prices and the loss of exports from South Sudan, Syria and Iran pose awkward questions for investors and policymakers. Last year, a similar surge…
G20 alert to economic threat from rising oil prices
By Michael O'Boyle and Glenn Somerville / Reuters MEXICO CITY: The world's leading economies said on Sunday they were "alert to the risks of higher oil prices" and discussed at length the…
Avaya eyes Egypt as ‘strategic market’ in MENA
CAIRO: Avaya has identified Egypt as a key, strategic market within the Middle East and North Africa (MENA) region, the firm said in a statement. “While Egypt is undergoing…
Arab countries study pan-MENA energy market
By Daniel Fineren / Reuters DUBAI: The Arab Fund for Economic and Social Development has commissioned a feasibility study for creating a single energy market from Morocco to Oman, the Italy-based…
Most markets halt rally; Saudi hits fresh 41-mth high
By Nadia Saleem and Yasmine Saleh / Reuters DUBAI/CAIRO: Egypt’s main index slipped 1 percent on Monday from the previous day’s seven-month high as investors booked recent gains, while most…
Iran state TV says Oscar win victory over Israel
By Nasser Karimi / AP Iran's state TV described the country's foreign film Oscar win on Monday as a victory over Israel, in a gesture of official approval toward an Iranian…
‘The Artist’ earns best-picture, lead-actor Oscars
By David Germain / AP "The Artist" won five Academy Awards including best picture, becoming the first silent film to triumph at Hollywood's highest honors since the original Oscar ceremony 83…
Reflections on the recent AU Summit
By Maite Nkoana-Mashabane We recently returned from Addis Ababa, the headquarters of the African Union (AU), as part of a high-level South African government delegation to the 18th Ordinary Session of…