Study evaluates World Bank’s governance, anticorruption strategy
CAIRO: Well-governed countries are better able to produce policies that promote growth, deliver essential services to the poor and regulate financial and product markets, a report by the Independent Evaluation…
Brent below $114 as Europe manufacturing slows
LONDON: Brent crude fell below $114 a barrel on Thursday as European data showed a sharp slowdown in manufacturing, raising fears of slower economic growth and a decline in fuel…
Four-day equity rally stalls after PMIs
LONDON: A four-day rally in emerging equities stalled on Thursday after data showing a clear slowdown in manufacturing activity worldwide highlighted risks to growth in the developing world. The MSCI…
France unblocks Libya cash, NTC denies oil deal
PARIS: France said on Thursday it had UN approval to release €1.5 billion ($2.16 billion) of Libyan assets to help rebuild the country, and the interim ruling council denied a…
Emerging central banks boost gold holdings in July
LONDON: Colombia joined the ranks of official sector gold buyers in July for the first time in 13 years, along with Russia, mirroring the trend among emerging central banks to…
Taiwan’s warrior epic “Seediq Bale” runs for the Lion
Warrior cries and brutal decapitations color the opening scenes in Wei Te-Sheng's "Seediq Bale," the fierce Taiwanese epic running against Hollywood favorites for the Golden Lion award at Venice this…
Clooney opens Venice film festival with political thriller
Hollywood star George Clooney opened a star-studded Venice film festival on Wednesday with the world premiere of his political thriller "The Ides of March" based around a US presidential campaign.…
Giants Egypt, Cameroon on brink of elimination
JOHANNESBURG: Defending champion Egypt and fellow African powerhouse Cameroon face humiliating eliminations from next year's Cup of Nations in this weekend's penultimate round of qualifying. Two of Africa's three most…
A state of trance with Aly & Fila
By Maha ElNabawi Egyptian DJ duo Aly & Fila are a bona fide phenomenon. Arguably the most internationally successful electronic DJ and production collective Egypt has ever produced, the powerhouse pair…
Egyptians celebrate Eid without Mubarak, pray in Tahrir
CAIRO: Thousands of Egyptians prayed in celebration of Eid Al-Fitr in Tahrir Square, the epicenter of the protest that toppled long-time president Hosni Mubarak in February. Thousands gathered bearing Egyptian…