The IMF after Strauss-Kahn
By Harold James PRINCETON: How the mighty International Monetary Fund has fallen. More than a decade ago, the French magazine Paris Match carried a picture of the Fund’s then Managing Director,…
France’s judicial revolution
By Raphaël Hadas-Lebel PARIS: A new and important acronym has entered the French political lexicon: QPC, which stands for the rather austere-sounding “Priority preliminary ruling on the question of constitutionality.” Under…
Finkelstein preaches to the choir at AUC
By Sarah Grebowski Norman Finkelstein knows his audience, as he revealed Monday night in his lecture at the American University in Cairo. His comments on Israel's sense of rationality dripped with…
Court refuses to consider rendition case
By AFP WASHINGTON: US Supreme Court refused to hear an appeal Monday by five former detainees claiming a flight-planning firm had helped arrange for the CIA to send them to…
African football leaders urge backing for Blatter
CAIRO: Sepp Blatter won more support on Monday as the Confederation of African Football advised its members to back the FIFA president in his re-election bid. However, the African endorsement…
Wife of Mubarak released, still faces probe
CAIRO: The wife of Egypt's ousted president was released from detention on Tuesday after giving up assets but is still being investigated, said an official leading a probe into…
Egypt bank NBD posts Q1 loss of $28.9 mln
CAIRO: Egypt's National Bank for Development (NBD) posted a net loss of LE 171.5 million ($28.87 million) for the first quarter of 2011, the stock exchange said on Tuesday. The…
Egypt cbank accepts repos worth LE 8.2 bln
CAIRO: Egypt's central bank accepted LE 8.209 billion ($1.38 billion) in seven-day repurchase agreements in the money market on Tuesday, less than the 10 billion pounds it had asked for.…
EFG-Hermes to cut bonuses, appoints Gulf executive
CAIRO: Egyptian investment bank EFG Hermes said it was cutting back bonuses to reduce costs by more than 20 percent this year. "As part of a strategy to make the…
Ezz Steel’s embattled chairman quits board
CAIRO: Steel magnate Ahmed Ezz quit the board of Ezz Steel and its Ezz Dekheila Steel unit as he fights graft charges from prison, and has been replaced by managing…