Nigeria’s homegrown terrorists
By Ike Okonta LAGOS: Nigeria’s sparkling new capital, is a city under siege. In August, Boko Haram, a shadowy and violent Muslim sect operating in the northeastern part of the country,…
The Amazon or oil?
By Eric Chivian and Rigoberta Menchú BOSTON: Charles Darwin would appreciate the irony of Yasuní National Park in the Ecuadorian Amazon. Yasuní, home to one of the highest concentrations of biodiversity…
Egypt adds new charge to Israeli spy suspect
CAIRO: Egypt on Tuesday added a new charge to a US-Israeli national who has been in custody since June accused of spying for Israel, the official MENA news agency reported.…
Maspero detainees held for 15 days pending investigations
By Mai Shams El-Din CAIRO: The military prosecution is holding 12 people for 15 days pending investigations after clashes between the armed forces and protesters in front Maspero left 25 people…
World oil demand may be stronger than expected: IEA
LONDON: Global oil demand may be more robust than expected, even with a slowdown in economic growth in the United States and Europe, the chief economist of the International Energy…
HSBC cuts Egypt; upgrades Poland
CAIRO: HSBC cut its weighting on Egypt to "neutral" from "overweight," on increased political risks, and upgraded Poland to "overweight" from "underweight," on macroeconomic stability and valuation. HSBC downgraded South…
Egypt’s core inflation rises to 7.95 pct in Sept
CAIRO: Egypt's headline inflation eased last month as slowing food price growth offset a faster increase in housing costs, government figures showed on Monday, and economists forecast the central bank…
EBRD to start North Africa lending by mid-2012
ABU DHABI: The European Bank for Reconstruction and Development has started talks with North African governments and private firms on aiding the region, and aims to begin extending loans by…
Egypt’s index makes gains; Gulf bourses mixed
DUBAI/CAIRO: Egypt's benchmark index recouped on Tuesday some of the previous day’s losses, pushed higher by Citadel Capital. Citadel jumped 6.3 percent as a foreign buyer bought more than 5…
Egypt’s central bank says reserves, economy safe
CAIRO: Egypt's foreign exchange reserves are at a "strong level" and the economy is safe, the deputy central bank governor said after the reserves dropped to $24.01 billion in September,…