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  • Zain Sudan

    Dollar shortage, tax hikes hurt Sudan Telcos

    Higher taxes and mounting competition are also posing challenges for the African country's three major telecoms players as they battle to tap the potential of a relatively underpenetrated market.

    June 19, 2012 5:20
  • Obama

    Obama congratulates Saudi king on selecting new heir

    U.S. President Barack Obama on Monday congratulated Saudi Arabia's King Abdullah for naming Prince Salman as heir apparent and said he was looking forward to continuing to deepen the U.S.-Saudi partnership.

    June 19, 2012 11:20
  • Nuke Iran

    Iran nuclear talks “intense” but no breakthrough

    Talks "intense and tough" at first of 2-day talks-EU; Six powers, Iran set out positions in 5-hour meeting; Israel threatens air strikes, new sanctions loom.

    June 19, 2012 10:53
  • Arab-monetary-fund-in-65-million-loan-to-Egypt

    Arab monetary fund in $65 million loan to Egypt

    The Arab Monetary Fund (AMF) said on Sunday it was arranging a $65 million credit facility for Egypt to help the country trade with other Arab states, as political instability threatens Cairo with a balance of payments crisis.

    June 18, 2012 10:41
  • OPEC-output-hits-new-high

    Saudi under OPEC pressure to prevent oil price collapse

    OPEC likely to renew 30 mln bpd output target; Extra Saudi oil has lifted actual supply to 31.6 mbpd; some fear price collapse if Saudi doesn't cut back

    June 13, 2012 5:48

    Dubai’s DIFC Investments repays $1.25 billion sukuk

    DIFC Investments, a unit of the company running Dubai's financial free zone, confirmed it repaid its $1.25 billion Islamic bond, or sukuk, the company said in a statement on Wednesday.

    June 13, 2012 5:32
  • Iran's NITC

    Iran’s NITC shipping oil to Asia despite sanctions

    Iran's biggest tanker operator, NITC, continues to trade with Asian countries without difficulty despite Western sanctions on the Islamic Republic's oil trade, a senior NITC official said on Tuesday.

    June 13, 2012 10:04