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Qatar buys helicopters, missiles in $23bn arms deals

Reuters – Qatar announced contracts worth about $23bn on Thursday to buy attack helicopters, guided missiles, tankers and other weapons from Boeing Co, Airbus and other arms makers as the Gulf state accelerates its military build-up. The world’s top liquefied natural gas (LNG) exporter announced deals with about 20 global companies, including firms from the …

Daily News Egypt

Greek foreign minister to visit Egypt

Evangelos Venizelos, who is also currently the deputy Prime Minister of Greece, was invited to visit Egypt on 5 September by Minister of Foreign Affairs Nabil Fahmy, announced a statement from the Egyptian foreign ministry spokesman Badr Abdelatty.

Joel Gulhane

The Greek tragedy, act II

By Luigi Zingales CHICAGO: A Greek tragedy is typically composed of three acts. The first sets the scene. It is only with the second that the plot reaches its climax. For current-day Greece, the imposition of “voluntary” losses on the country’s private creditors represents just the end of the beginning. The real tragedy has still to …

DNE

Greece’s soft budgets in hard times

By Daniel Gros BRUSSELS: The first de facto default of a country classified as “developed” has now taken place, with private international creditors “voluntarily” accepting a “haircut” of more than 50 percent on their claims on the Greek government. As a result, Greece now owes very little to private foreign creditors. Greece also agreed to even …

DNE

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