The root of all sovereign-debt crises
By Amar Bhide and Edmund S. Phelps NEW YORK: The Greek debt crisis has prompted questions about whether the euro can survive without a nearly unimaginable centralization of fiscal policy. There…
Saudi tycoon to launch news channel in 2012
RIYADH: Saudi tycoon Prince Alwaleed bin Talal on Tuesday announced plans to launch a pan-Arab news channel in 2012, saying the television network will promote freedom of speech. "The region…
Al-Qaeda chief says 9/11 paved way for Arab Spring
CAIRO: In a message Tuesday marking the Sept. 11 anniversary, Al-Qaeda's new leader sought to claim credit for this year's Arab uprisings, saying the 2001 attacks on the United States…
Court to investigate complaint against gov’t in church bombing
CAIRO: The Alexandria Emergency Court will investigate on Sept. 25 a complaint filed against Prime Minister Essam Sharaf, Minister of Interior Mansour El-Essawy, and Prosecutor General Abdel Meguid Mahmoud for…
Turkey positioning itself with the Middle East, EU, say experts
CAIRO: Under the leadership of Prime Minister Recep Tayyip Erdogan and Foreign Minister Ahmet Davutoglu, Turkey launched an ambitious and rather aggressive foreign policy trying to position itself in both…
Egypt to stop using emergency law “soon”: minister
CAIRO: Egypt intends to stop using emergency laws "as soon as possible" after the controversial powers were reactivated this week following the storming of the Israeli embassy, the information minister…
Egypt, Turkey target $10 bln investments in four years
CAIRO: Egypt and Turkey will increase bilateral investments to $10 billion over the next four years, officials said in Cairo on Wednesday. Turkish Prime Minister Recep Tayyip Erdogan and his…
Egypt market ends down amidst low volumes
CAIRO: Egypt's bourse ended lower on Wednesday with low trading volumes a dominant theme. The benchmark index shed 1.2 percent to 4,485 points. "The volumes are still low and there's…
Arab League says Syria bloodshed must end
DAMASCUS: The Arab League on Tuesday demanded an end to the bloodshed in Syria, as activists there staged anti-Russia protests and a Western-led drive for UN sanctions over the regime's…
Egypt second quarter tourism drops 35 percent
CAIRO: Egypt’s tourism fell 35 percent during the second quarter of 2011 compared to the same period last year, the tourism ministry confirmed. A total of 2.2 million tourists visited…