Final verdict for some embassy detainees expected Sunday
CAIRO: The Nasr City Military Court adjourned on Monday the trial some of those arrested after the storming of the Israeli embassy, to Sunday for a final verdict. Lawyers say…
FAIR conference aims to boost insurance industry
CAIRO: Egypt is hosting the 22nd Federation of Afro-Asian Insurers and Reinsurers (FAIR) conference this year, focusing on how Afro-Asian insurance can play a vital role in the region's development…
Egypt ‘committed to free market’ after investor fears
CAIRO: Egypt's deputy prime minister said on Sunday that his country was committed to a free market economy, after the ownership of three companies was returned to the state, sparking…
Egypt hit by bills sale, Gulf dips on global woes
CAIRO/DUBAI: Egypt's bourse fell on Monday after a sale of treasury bills drew funds and Dubai's index made its largest one-day drop in eight weeks as losses on global markets…
GASC ups wheat protein content requirement
CAIRO: Egypt's state-owned wheat buyer, the General Authority for Supply Commodities (GASC), increased the protein content requirement for wheat it asks for in tenders, traders said on Monday, citing a…
Middle East PE funds seek strategic buyers, SWFs
DUBAI: Private equity funds in the Middle East and North Africa, under increasing pressure to produce returns for investors, have strategic buyers, including sovereign wealth funds, looming larger on their…
Islamic funds to see zero to negative growth in 2011
DUBAI: Growth of the global Islamic asset management industry will likely halt or reverse this year as the industry struggles with poor sentiment in financial markets and lackluster interest among…
Israel’s brick wall — and beyond
By Larry Derfner MODI’IN, Israel: Whenever things take a turn for the worse in Israel, whenever I think this country has become too filled with fear and aggression to ever be…
The power to end poverty
By Ban Ki-moon NEW YORK: Growing up as a child during the Korean War, I knew poverty first hand. I saw it around me every day; I lived it. One of…
The consequences of Angela Merkel
By Robert Skidelsky LONDON: Germany has been leading the opposition in the European Union to any write-down of troubled eurozone members’ sovereign debt. Instead, it has agreed to establish bailout mechanisms…