Egypt will not sign “Emergency” IMF Loan – Cabinet
Egypt will not sign any “emergency” loan with the IMF, cabinet spokesman Alaa el-Hadidi said on Tuesday, appearing to rule out any recourse…
March 12, 2013 4:45-
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Gulf States buy stake in Virgin Mobile’s Middle East unit
Gulf Investment Corp (GIC) will invest $50 million in Virgin Mobile’s Middle East operation, a sign that the region may be ready to…
March 12, 2013 4:43 -
Qatar says no more aid to Egypt for now
Qatar does not expect to give further financial aid to Egypt in the immediate term, Qatari Finance Minister Youssef Kamal said on Monday. “We already…
March 11, 2013 11:24
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Jordan’s King Abdullah reappoints Ensour
In the meantime, his existing cabinet will continue as a caretaker government.
March 10, 2013 8:18 -
Jordan gets loan to ease youth unemployment
There are at least 50,000 new entrants to Jordan's labour market every year.
March 7, 2013 8:44 -
Jordan wants energy self-sufficiency
The Kingdom's energy minister says Jordan is 'literally unexplored in a way that gives us a lot of hope'.
March 6, 2013 9:46
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The biggest-ever takeover of a Football team?
An acquisition would add to a string of investments in European soccer teams by Middle Eastern interests over the last several years.
March 3, 2013 10:45 -
New economic plan for Egypt
Cairo is trying to secure a $4.8 billion IMF loan to shore up its finances as the economy faces a deep crisis rooted in two years of political turmoil that have drained foreign currency reserves to a critical level.
February 27, 2013 5:22 -
Egypt Hot Air Balloon Crash Kills 19 Tourists
The accident happened over the west bank of the Nile river.
February 26, 2013 11:29
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HSBC says unprofitable to deal with Syrians
One regional banking analyst said the cost of making additional checks on customers was difficult to justify if they did not provide much revenue to the bank.
February 7, 2013 11:23 -
Egypt’s Government nearing end of the road?
To his critics, Ahmed Shafik is a typical autocrat consigned to history’s dustbin by the Arab Spring – a military…
February 7, 2013 5:58 -
ENOC begins to cut off Iran and turns to Qatar
Emirates National Oil Company (ENOC) signed an annual contract with Qatar’s International Petroleum Marketing Company (Tasweeq) to buy 20,000 barrels per day…
February 5, 2013 10:17
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‘Head in the clouds’ – Iranian President
Iran declared last week that it had successfully launched a monkey into space and retrieved it alive, which officials hailed as a major step towards their goal of sending humans into space.
February 5, 2013 10:14 -
Abu Dhabi’s Aldar Q4 net rises 10 percent on lower impairments
The quarterly earnings missed estimates by analysts at Arqaam Capital and SICO Bahrain who had expected a profit of 323 million dirhams and 572.5 million dirhams respectively in a Reuters poll.
February 4, 2013 9:33 -
Iran considering to sue BP
A spokesman for BP said the company had committed to officially report any leaks in the Caspian and had not had to for years.
January 30, 2013 9:41
