Relocation of Tanta prosecutor implies attempt to appease him, says lawyer
CAIRO: The recent relocation of local Tanta city prosecutor Basem Abu El-Rous to his hometown is an attempt to appease him, lawyer Sayed El-Fiki told Daily News Egypt Monday. Abu…
Iraq oil exports around 1.85 mln bpd in July-SOMO
BAGHDAD: Iraq exported an average of around 1.85 million barrels per day of crude oil in July at an average price of $70 per barrel, an Iraqi oil official said…
Ramallah building boom symbolizes West Bank growth
RAMALLAH: The din of earth-movers leveling the hilly terrain of Ramallah for construction is unremitting as modern buildings shoot up all over the West Bank city. Once a mere village…
Booming Iran stock market unscathed by sanctions
TEHRAN: Sanctions against Iran have done nothing to dent a boom in its stock market, as investors bet on a continued rise in company stocks which have been undervalued for…
Egypt index dips, ending 8-day rally
Commercial International Bank led Egypt's main index lower, ending eight sessions of gains, traders said. "The market saw some profit taking. Institutional investors offloaded positions in the financial and telecoms…
BP asks Kuwait sovereign fund to raise stake, Kuwait denies offer
KUWAIT: BP Plc has asked Kuwait's sovereign wealth fund to raise its share in the company to three percent, the Al-Anbaa newspaper reported on Monday. Quoting a Kuwait Investment Authority…
Iran’s Ahmadinejad says oil price “unrealistic”
TEHRAN: Iranian President Mahmoud Ahmadinejad said on Monday that crude oil prices were too low due to efforts by some countries to keep it down to help economic recovery, the…
Ansari Exchange makes ties with NBE
Al Ansari Exchange, a provider of worldwide remittance and foreign exchange services, is partnering with the National Bank of Egypt (NBE), to expand its network of correspondent banks and agents…
Jumeirah Group enters Egypt
Jumeirah Group, the Dubai-based luxury hospitality company and member of Dubai Holding, has signed an agreement with Palm Hills Developments (PHD), one of Egypt's premier developers, to manage Jumeirah Gamsha…
Nielsen and McKinsey form joint venture
Nielsen and McKinsey & Company formed a global joint venture last week called NM Incite, the firms said in a joint statement. The venture aims to help “leading companies harness…
