Legal specialists say Egypt can’t restore stolen money without their independence
CAIRO: Legal specialists say their separation from the Ministry of Justice to become an independent technical authority is a basic requirement in Egypt’s effort to return money from foreign countries.…
UN atom agency seeks rare Mideast nuclear talks
VIENNA: The UN nuclear agency has invited all its members, including Israel, Arab states and Iran, to attend rare talks later this year about the volatile Middle East and efforts…
EU agrees oil embargo as Syrians march against Assad
AMMAN: The European Union decided to impose sanctions on Syrian oil exports on Friday, piling more pressure on President Bashar Al-Assad, whose security forces, activists said, shot dead six more…
US counterterror chief: Al-Qaeda on ‘steady slide’
WASHINGTON: White House counterterrorism chief John Brennan said Al-Qaeda is "on a steady slide" after the death of Al-Qaeda's latest second-in-command in Pakistan. Brennan told The Associated Press on Wednesday…
Egypt’s school year to start on Sept. 17
CAIRO: The academic year for all Egyptian public schools — kindergarten through secondary — is scheduled to start on Sept. 17, despite rumors stating otherwise, the education ministry said.…
Oil falls $2 after US jobs data
LONDON: Oil futures dropped more than $2 on Friday after data showed US job growth had ground to a halt, adding to evidence of economic weakness that could limit fuel…
The keys to boosting private sector confidence
The economy has struggled in the wake of the revolution, but a turnaround is eminently possible. Major political upheavals may create a financial downturn, but many are followed by a…
Oman: Branching into Islamic banking
MUSCAT: Since issuing a decree to establish an Islamic financial services sector in May, Oman has seen a flurry of activity as banks have started gearing up to move into…
Arab Spring hurts Cyril Sweett, warns on FY results
LONDON: British construction and property consultancy Cyril Sweett warned on its full-year results as the Arab Spring led to a number of projects being scrapped, and the company said it…
Oil falls, awaits US jobs data, storm
LONDON: Oil futures fell on Friday as the market nervously awaited US jobs data for new evidence on whether the world's largest crude consumer can avoid recession. A storm blowing…