Former Palestinian prisoners, future peacemakers?
By Robi Damelin TEL AVIV: The whole country is talking about it: over 1,000 Palestinian prisoners, many of whom were involved in suicide attacks in which lives were lost, were freed…
The other Horn of Africa
By Ahmed Mohamoud Silyano HARGEISA: Drought, famine, refugees, piracy, and the violence and terrorism endemic to the shattered city of Mogadishu, a capital ruined by civil war: these are the images…
Qatar’s source of Arab Springs
By Khaled Hroub CAMBRIDGE: There’s a joke making the rounds in the Middle East these days: three of Egypt’s former presidents, Gamal Abdel Nasser, Anwar El-Sadat, and Hosni Mubarak, meet in…
Weaving a silver lining
By Philip Whitfield CAIRO: On the heels of the prisoner swap, a new deal is afoot. According to the New York Times the American law student Ilan Grapel, a 27-year-old from…
HSBC sees Islamic serviced funds AUM hitting $10 bln
DUBAI: HSBC Amanah, the Islamic arm of lender HSBC, expects a pipeline of 30 new Islamic funds to boost its assets under management for serviced funds to $10 billion, its…
Nikki Beach to manage ERC’s boutique hotel in Sahl Hasheesh
CAIRO: Egyptian Resorts Company, a developer of mega-communities, has signed on global hotel and resort operator Nikki Beach to operate and manage a boutique hotel in Sahl Hasheesh. ERC said…
Church delegation meets Chief of Staff to discuss Maspero, church licenses
CAIRO: Leaders of the Coptic Orthodox Church described their meeting with Military Chief of Staff Sami Anan Wednesday as “positive.” Representing Pope Shenouda II, five church leaders met Anan, also…
Egypt says to grow 3 mln acres of wheat in 2011/12, raises local prices
SHARM EL-SHEIKH: Egypt, the world's largest wheat importer, expects to grow 3 million acres of wheat in the 2011/12 season, the chairman of the country's National Seed Council said, about…
Citadel Capital to strengthen balance sheet further
DUBAI: Egyptian private equity firm Citadel Capital, which completed a $176 million rights issue on Wednesday, plans to further strengthen its balance sheet in the next three months through fund-raising…
Experts demand swift action after S&P’s ‘negative’ Egypt outlook
CAIRO: Standard & Poor’s (S&P) on Tuesday described the outlook for the Egyptian economy as “negative,” though the assessment came as no surprise to experts. “Credit rating agencies come and…