Trading to begin on Egypt's new SME exchange June 3
CAIRO: Egypt's small and medium-size enterprises (SME) stock exchange Nilex will open for trade on June 3, with at least one of its 10 listed companies planning an immediate public…
Oil hits two-week high above $75 as equities rally
LONDON: Oil hit a two-week high above $75 on Friday, heading for its first weekly gain in almost a month on rallying stock markets and expectations of rising US oil…
Iraq could hold third oil auction round: minister
Iraq is mulling a third oil auction for some of its supergiant fields, such as Kirkuk and East Baghdad, if there is enough interest from foreign oil firms, Iraq's oil…
DIC sells off listed investments: source
Dubai International Capital, an investment unit of conglomerate Dubai Holding, has sold off its last listed, liquid assets, a source familiar with the matter said, with creditors ready to queue…
Tunisia launches its first Islamic Bank
The son-in-law of Tunisia's president launched the country's first Islamic bank on Friday to tap into growing demand for alternative finance and investment products in the secular-leaning country. North Africa…
Amr Talaat named GM of IBM Egypt
Amr Talaat was appointed General Manager of IBM Egypt, succeeding Amr Ghoneim who has held the post since 2004. Talaat, who joined the company in 1998, previously served as IBM…
Telecom Egypt raised to 'Overweight'
Telecom Egypt, the largest fixed-line telephone company in the Middle East, was raised to “overweight” from “neutral” at HSBC Holdings Plc, citing the recent price decline and possible cost savings…
Women's rights gain focus in Saudi Arabia
QATIF: After years of stymied efforts, reform in Saudi Arabia is focused on women’s rights. A recent survey by the Researchers Center for Women’s Studies in Riyadh examining Saudi newspapers…
Moving pictures
CANNES: This year’s Cannes Film Festival was marked by a profound contrast between what unfolded along La Croisette, the palm-lined sweep of pedestrian walkway that stretches between swathes of luxury…
When media acts responsibly everybody wins
JACKSONVILLE, Fla.: In a span of just over a month two incidents rocked my city of Jacksonville, Florida, garnering wall-to-wall coverage in local media: the first was my nomination to…