The Euro’s hard rain falls
By Leif Pagrotsky SWEDEN: The blame game is in fashion as crisis and desperation spread across Europe. News reporting, as well as political and economic debate, now focuses on identifying the…
Remembering race in occupied Wall Street
By Anita Sinha WASHINGTON, DC: The Occupy Wall Street movement protesting against corporate practices has me daring to hope that the striking disparities in the United States will change for the…
Gulf firms line up prized assets to fund growth
DUBAI: Credit markets are sending a harsh message to Gulf companies slowly emerging from the global financial crisis and now seeking expansion opportunities: line up your best assets as collateral…
Egypt’s index trims losses as Dubai hits 31-week low
DUBAI/CAIRO: Foreign institutions and funds bought into Egypt’s beaten-down stocks with heavyweight Orascom Construction Industries (OCI) climbing 4.5 percent. The index rose 0.8 percent, trimming its 2011 losses to 43.3…
Islamic finance can maintain growth pace, group says
KUALA LUMPUR: Barring a sharp global downturn, Islamic financial asset growth will likely maintain its current growth clip over the next 5-10 years as new markets emerge, an industry body…
Etisalat Misr delays listing on Egypt bourse: paper
CAIRO: Etisalat Misr, the Egyptian arm of Abu Dhabi-based telecoms group Etisalat, has delayed a listing on Egypt's stock exchange until market conditions improve, daily newspaper Al-Mal quoted the head…
Talking trade and finance amid economic uncertainty
CAIRO: Despite recent social and political setbacks that have caused Egypt's economy to plummet, global delegates at the fourth annual Trade and Export Finance Conference were optimistic, laying out plans…
Egypt must resist attempts to divide religions: Pope
VATICAN CITY: Pope Benedict XVI called on Egypt on Wednesday to fight "attempts to sabotage" relations between Christians and Muslims after 25 people, mainly Copts, were killed in clashes in…
US says Iran sought killing of Saudi envoy
TEHRAN/WASHISNGTON: Saudi Arabia vowed on Wednesday that Iran would "pay the price" for an alleged plot to kill its ambassador in Washington and US officials said there could be a…
Al-Qaeda’s Zawahri calls on Algerians to revolt
DUBAI: Al-Qaeda leader Ayman Al-Zawahri urged Algerians in a video released on Islamist websites on Wednesday to follow the example of Libyans and revolt against their leaders. He also attacked…