The saver’s dilemma
By Daniel Gros BRUSSELS: Interest rates are now close to zero throughout the developed world (the United States, Europe, and Japan). But the global economy is slowing down, and financial markets…
Egypt economy growth modest, ongoing unrest hurts
CAIRO: Egypt's economy grew by a slower-than-expected 1.8 percent in the financial year to June 2011 and is forecast to expand 3-3.5 percent in 2011-12 although continued protests and unrest…
Egypt orders crackdown on ‘unruly’ broadcast media
CAIRO: The Egyptian government ordered a freeze on new satellite television permits on Wednesday after a meeting with top generals to address "media unruliness," the state MENA news agency reported.…
Turkey PM to embark on Arab Spring tour next week
ANKARA: Turkey's Prime Minister Recep Tayyip Erdogan is planning to embark on a tour of Arab Spring countries next week including Egypt, Libya and Tunisia, a government official said. "The…
Military ruler to testify in Mubarak trial
CAIRO: The head of Egypt's ruling military council will testify in a closed session next week to a court that is trying ousted President Hosni Mubarak over charges of conspiring…
133 injured during post-match clashes in Cairo
CAIRO: Clashes between supporters of Egypt’s Al-Ahly football club and security forces on Tuesday night left 133 injured, including 71 security officers, according to the Ministry of Health. An official…
12,000 in military courts under SCAF; 2,000 under Mubarak, says lawyer
CAIRO: The ruling military council has tried over 12,000 civilians in military courts in seven months, while ousted president Hosni Mubarak used military trials for silencing only 2,000 civilian political…
12 dead as Syria accused of ‘crimes against humanity’
DAMASCUS: France accused Syria of "crimes against humanity" on Wednesday, as activists said regime forces killed at least 12 people, including nine in a tank-backed raid on the flashpoint city…
Gaddafi tracked heading south, says Libyan official
BENGHAZI: Muammar Gaddafi was last tracked heading for Libya's southern border, the man leading the hunt told Reuters, though Burkina Faso again denied on Wednesday any plan to offer the…
Palestinian hits out at US policy on UN bid
RAMALLAH: The United States is showing "disdain" for Arabs by trying to prevent the Palestinians from gaining statehood recognition at the United Nations, a senior Palestinian official said on Wednesday.…