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  • September  18, 2006

    Dubai Group sells Turkey insurance arm

    Mashreq Bank unit buys 51 pct stake in Turkish arm; Remaining stake bought by ex-AIG CEO's firm; Turkey seen attractive to foreign insurers; Dubai Group is in midst of $10 bln restructuring

    September 4, 2012 5:29
  • egypt economy

    U.S. nears deal for $1 billion in Egypt debt relief

    The Obama administration is close to a deal with Egypt's new government for $1 billion in debt relief, a senior U.S. official said on Monday, as Washington seeks to help Cairo shore up its ailing economy in the aftermath of its pro-democracy uprising.

    September 4, 2012 12:00
  • gULF uNION

    Gulf markets mixed as investors await catalyst; Egypt extends gains

    Gulf markets were mixed on Monday as investors adjusted positions after recent gains and retail investors continue to increase risk despite a general lack of catalyst in regional markets, while Egypt's bourse hit a 14-month high.

    September 4, 2012 11:20