Flights to Syria will continue
EgyptAir will resume flights to Damascus and Aleppo airports on Monday after a three-day halt due to a deterioration in the security situation, the head…
December 3, 2012 8:25-
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US Senate works on new package of sanctions
New sanctions aimed at reducing global trade with Iran in the energy, shipping and metals sectors may soon be considered…
November 28, 2012 2:11 -
Mursi very optimistic about crisis
President Mohamed Mursi is “very optimistic” that Egyptians will overcome the country’s political crisis, his spokesman said on Monday, referring…
November 27, 2012 8:55
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Senior bankers leave BofA’s MidEast ops
The head of Bank of America Merrill Lynch’s Middle East and North Africa unit has left following an overhaul of the U.S. lender’s regional…
November 27, 2012 8:48 -
Turkish Airlines looking at aircraft financing
Turkish Airlines confirmed on Monday it is looking at several options to finance buying additional aircraft, including leasing arrangements and…
November 26, 2012 4:09 -
Iran wants more oil storage in Gulf
Iran will build millions of barrels of oil storage facilities in the Gulf over the next few months in response…
November 26, 2012 12:04
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SpiceJet in stake talks with Etihad & AirAsia
"This deal is not just about investment but also technology and partnership in many other ways," said the source, who declined to be identified.
November 26, 2012 10:37 -
Dinesh Sharma appointed at Citigroup Inc
Citigroup Inc has appointed Dinesh Sharma as its consumer banking head for the Middle East and North Africa, the U.S. bank said in a statement…
November 25, 2012 3:55 -
Bank Of Khartoum’s Gulf owners bet on Sudan growth
Gulf Arab investors have become more upbeat since Sudan agreed in September to end hostilities with South Sudan, which became independent last year. Sudan will resume within the next few months handling oil exports from its neighbour.
November 21, 2012 10:06
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Halkbank not crossing any lines with Iran
Turkish state-run lender Halkbank’s trade financing with Iran is in line with regulations, the Turkish banking watchdog head said on Monday….
November 19, 2012 2:27 -
IMF team extending Egypt trip
International Monetary Fund negotiators will extend their stay in Egypt to continue their loan talks with the government, the Egyptian central bank and an IMF…
November 16, 2012 11:59 -
Sharjah’s Crescent Petroleum fill the gaps
United Arab Emirates-based Crescent Petroleum is gearing up for expansion in the Iraqi oil and gas sector and a debut into Libya and Lebanon, its…
November 13, 2012 8:33
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Egypt getting ready for IMF deal this week
The Egyptian government expects to sign a memorandum of understanding with the International Monetary Fund for a $4.8 billion loan before an IMF negotiating team leaves Cairo on Wednesday, Finance Minister Mumtaz al-Said said.
November 12, 2012 6:33 -
Orascom Telecom says to upgrade Pakistan mobile network
It signed a five-year agreement with China's Huawei Technologies Co Ltd and France's Alcatel-Lucent to design, purchase, deploy and maintain the next-generation mobile network equipment and supporting services.
November 11, 2012 2:07 -
Arab Spring economies recover slowly in 2013
The IMF forecast gross domestic product in the six countries combined would expand by 3.6 percent next year, accelerating from an estimated 2.0 percent this year and 1.2 percent in 2011.
November 11, 2012 9:58
