Libya says no plans to dispose of Egypt investments
TRIPOLI: Libya will not dispose of investments made by former leader Muammar Qaddafi in neighboring Egypt, provided they are financially sound, Libyan Prime Minister Abdurrahim El-Keib said on Monday. "For…
The perils of 2012
By Joseph Stiglitz KOLKATA: The year 2011 will be remembered as the time when many ever-optimistic Americans began to give up hope. President John F. Kennedy once said that a rising…
Europe’s ethical eggs
By Peter Singer PRINCETON: Forty years ago, I stood with a few other students in a busy Oxford street handing out leaflets protesting the use of battery cages to hold hens.…
Kazeboun
By Omar El Sabh After December’s brutal crackdown on protestors near the Cabinet building by military forces, some are taking it upon themselves to deliver the message to those who are…
Iran warns of consequences if Arabs back oil sanctions
TEHRAN: Iran warned Gulf Arab neighbours they would suffer consequences if they raised oil output to replace Iranian crude facing an international ban. In signs of Tehran's deepening isolation over…
Al Qaeda militants tighten grip on Yemen town
SANAA: Islamist militants raised their flag over the citadel at Radda and pledged allegiance to al Qaeda leader Ayman Al-Zawahri after seizing the Yemeni town southeast of the capital Sanaa,…
Nigeria troops appear; president offers concession
LAGOS: For the first time since protests erupted over spiraling fuel prices, soldiers on Monday barricaded key roads in Nigeria's commercial capital of Lagos as the president offered a concession…
Iraq car bomb against Kurdish sect kills 7
MOSUL: A car bomb targeting displaced members of a tiny Kurdish sect near Iraq's main northern city of Mosul killed seven people on Monday, the latest in a spate of…
Egypt, Libya eye more industrial cooperation
CAIRO: The Arab Organization for Industrial Development and Metallurgy met in Egypt on Monday for the second time to discuss the country’s industrial sector in the "post-revolution" stage. Mohamed Ben…
OPEC sees downside risk to oil demand from euro crisis
LONDON: A worsening of the euro zone debt crisis would further reduce the region's oil demand and could impact consumption in emerging economies that are driving the increase in global…