Nakheel moving to clear debt logjam, says source
DUBAI: Dubai's Nakheel will complete paying out the cash portion of overdue debt to contractors by the end of July, a source told Reuters, in a sign the deeply indebted…
Egypt index declines, Ezz Steel leads
CAIRO: Egypt's benchmark index slid, led by Ezz Steel, after rebounding on Tuesday from nine sessions of declines. "People are depressed from the stock market, there has been…
Saudi investors eye 10-15 pct stake in BP, says paper
RIYADH: Unnamed Saudi investors seek to buy a stake worth 10 to 15 percent in British Oil Company BP dealing with a massive US oil spill, a Saudi newspaper said…
Qatar Telecom seeks acquisitions, CEO says
DUBAI: Qatar-owned telecoms provider Qatar Telecom will seek acquisitions in the Middle East and Asia despite mounting debt, the company's chief executive said in a newspaper report on Wednesday. Chief…
Oil falls below $72 on stronger dollar
SINGAPORE: Crude prices fell below $72 on Wednesday on a slightly stronger US dollar, reversing earlier gains of as much as 0.6 percent boosted by forecasts of a second weekly…
Netherlands turns on style, beats Uruguay 3-2
CAPE TOWN, South Africa: The Netherlands finally turned on the style at the World Cup in South Africa to reach its third final — and first in 32 years —…
Proud Uruguay face difficult recovery
CAPE TOWN: Uruguay coach Oscar Tabarez has reminded his team they still have a job to do at the World Cup despite their agonizing 3-2 semi-final defeat to the Netherlands.…
Maradona monument being proposed to honor icon
BUENOS AIRES: An Argentine legislator has proposed building a monument to honor Diego Maradona, whose future as Argentina coach has been uncertain since the team was eliminated by Germany in…
FIFA to keep monitoring Nigeria despite peace deal
JOHANNESBURG: FIFA will continue monitoring Nigerian football for political interference despite the government backing down on threats to remove its national teams from competition. FIFA was poised to suspend Nigeria…
Egypt readies bills to reform investment climate
CAIRO: The Ministry of Investment is currently moving forward with a set of new laws and amendments to develop the legal framework governing investment in Egypt, officials said in late…
