Dubai World ups offer to lenders, says source
DUBAI: Dubai World, which is in talks to restructure $26 billion in debt, has made a revised offer to lenders but the sweetened deal is unlikely to satisfy banks, analysts…
Juhayna studying IPO go-ahead after fire
Egyptian dairy and juice maker Juhayna Food Industries said on Wednesday it was still deciding whether to go ahead with its initial public offering (IPO) after a fire in one…
Egyptian economic reform has not borne fruit for majority, says British report
CAIRO: Economic reform during the reign of President Hosni Mubarak has not reached the majority of Egyptians and in fact has left them in a greater state of disenfranchisement, according…
Planting New Seeds in Saudi Arabia
JEDDAH: Saudi Arabia's agriculture sector is in a period of great transition. The government has identified five key segments to focus on as water conservation and use policies take a…
Mido linked with Greek, Turkish moves
CAIRO: Mido could end his English adventure and play in Turkey or Greece next season, Sky Sports reported on Wednesday. The Egyptian striker should return to English second-division side Middlesbrough…
Orascom Dvt buys stake in Egyptian Resorts
Swiss-based Orascom Development Holding has bought a 4.5-percent stake in Egyptian Resorts Co. under a plan to jointly develop resort property on the Red Sea, Orascom said on Thursday. Orascom…
India's UltraTech to buy Dubai's ETA Star Cement
MUMBAI: India's UltraTech Cement said on Thursday it would acquire Dubai-based ETA Star Cement Co for an enterprise value of $380 million, giving it direct access to markets in the…
Eni says hands over Iran oilfield to local partners
MILAN: Italy's oil and gas major Eni is handing over operator ship of Darkhovin oilfield in Iran to local partners to avoid US sanctions for doing business with Iran, Eni…
Ghanem pens new Zamalek deal to end speculation
CAIRO: Right-back Ahmed Ghanem ended speculation regarding his future after signing a three-year contract extension with Zamalek on Wednesday. Widespread reports linked Ghanem, whose previous deal was due to expire…
Netanyahu to meet Mubarak on Monday: Israeli official
JERUSALEM: Israeli Prime Minister Benjamin Netanyahu will meet Egyptian President Hosni Mubarak in Egypt next Monday to discuss a resumption of Middle East peace talks, a top Israeli official told…
