What can replace the dollar?
By Barry Eichengreen BERKELEY: For more than a half-century, the US dollar has been not only America’s currency, but the world’s as well. It has been the dominant unit used in…
Egypt media hails Mubarak trial a success for him
CAIRO: Ex-president Hosni Mubarak came out well from his third appearance at trial without being implicated by witnesses in firing at protesters during the revolt against him, Egyptian media said…
Venice: Greek film ‘Alps’ explores grief
Greek director Yorgos Lanthimos' latest film, "Alps," proposes a novel, if disquieting, technique for grief counseling. "Alps" is the name chosen to designate an ad-hoc group whose members stand in…
You call that a revolution?
By Joseph Fahim The very first Egyptian film I reviewed was “Katkout,” the 2006 Mohamed Saad star-vehicle that became the former king of comedy’s last bona-fide commercial hit. In the years…
Most markets up as Europe early gains ease fears
DUBAI: Most Middle East markets rose on Tuesday as a positive opening on European bourses eased investors' fears following sharp declines in world stocks a day earlier. Egypt’s main index…
Growth, trade sluggish in 2011, finds UN report
CAIRO: The overall recovery of the world economy is slowing down in 2011 with strong downside risks, according to the United Nations’ “Trade and Development Report 2011.” “Global GDP is…
Brent crude oil over $111 on stimulus hopes
LONDON: Brent crude oil rose above $111 per barrel on Tuesday as expectations of a new stimulus for the US economy outweighed fears of recession and worries over the euro…
AlembicHC raises Telecom Egypt price target
CAIRO: AlembicHC raised its price target on Telecom Egypt Co SAE and said it expects the landline monopoly's domestic wholesale business to see an increase in revenue from higher mobile…
OCI sees orders up on infrastructure after Q2 gains
CAIRO: Egypt's Orascom Construction (OCI) posted a 15 percent rise in second-quarter net income on Tuesday and said it expected orders to grow this year as governments in the Middle…
Non-aligned leaders slam international intervention in Libya
BELGRADE: Cuba and Iran criticized western intervention in Libya, at a meeting of the Non-Aligned Movement (NAM) Tuesday, calling on non-aligned countries to work against what they called manipulation. "The…