Oil retreats on caution ahead of Fed meeting
LONDON: Oil fell on Wednesday, with investors cautious ahead of a US Federal Reserve meeting, and on lingering anxiety over the state of the euro zone, while gains in the…
Lecico’s bonus issue will increase shares to 80 mln
CAIRO: Lecico Egypt’s will distribute a 33.33 percent bonus issue on July 7, raising the number of outstanding shares to 80 million from the current 60 million. The bonus issue,…
Egypt index down 1 pct, Dubai falls after MSCI delay
DUBAI/CAIRO: Egypt’s index fell 1 percent on Wednesday as concern that stock prices had risen too far given an uncertain economic outlook outweighed Citadel Capital's announcement of takeover talks. "In…
Citadel starts talks on possible buy-out
CAIRO: Egyptian private equity firm Citadel Capital said on Wednesday it was in possible buy-out talks with more than one potential strategic partner. A source familiar with the matter said…
Egypt says waiting till Russian wheat harvest
CAIRO: Egypt's main state wheat buyer said on Wednesday it had postponed any purchase of Russian wheat until the Russian harvest was gathered in July and wanted to ensure the…
Serbia’s icon-painting nuns combine religion and art
On the wooded slopes of southwestern Serbia's Golija mountain, a dozen nuns at the Gradac monastery have devoted their lives to God but have not turned their backs on their…
The reveries and delusions of Yasmine Chatila
Egyptian artist Yasmine Chatila is no newbie to Manhattan’s Upper East Side art scene — one of the world’s toughest art markets to break into. Born in Cairo with a…
Bahrain sentences 8 activists to life
MANAMA, Bahrain: A court sentenced eight Shia activists to life in prison Wednesday and issued long jail terms for 13 others in the latest blow by authorities waging a crackdown…
Together we must fight piracy
By Lene Espersen Piracy can’t be condemned too strongly. Piracy is a breach to the most fundamental principles of the modern civilization. In the worst hit areas off the Horn of…
The Andean engagé
By Jorge Castañeda MEXICO CITY: The role of the politically committed intellectual has a long and ubiquitous history. The Spanish-French novelist and screenwriter Jorge Semprún, who died recently, was for many…