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Samsung executive says Galaxy S5 to outsell S4, sees second quarter rollout for Tizen phone

  /  April 16, 2014  /  Technology  /  1 Comment

A smooth launch is crucial for Samsung, which reported its second straight quarter of profit decline earlier this month as margins in the key smartphone business come under growing pressure from cheaper Chinese rivals.

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Rising from the ashes

  /  April 15, 2014  /  Opinion  /  4 Comments

Twenty years after genocide, Rwanda makes huge development strides

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Saudi Arabia imposes fines, jail terms for visa lapses

  /  April 15, 2014  /  Business  /  2 Comments

Punishment ranging from fines and jail terms to confiscation of assets and deportation may be imposed, escalating a year-long crackdown on visa irregularities that have been overlooked for decades.

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Egypt’s military economy: Money is power, power is money

  /  April 14, 2014  /  In Focus  /  7 Comments

Egypt’s military controls not only the political levers of power, but also the economic ones, and its involvement is getting even deeper

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Algeria presidential campaign winds up with recriminations

  /  April 14, 2014  /  Egypt, Politics  /  1 Comment

AFP-  Final campaign rallies were held for Algeria’s presidential election on Sunday after the incumbent Abdelaziz Bouteflika and his only real rival Ali Benflis waged a war of words. The 77-year-old Bouteflika, despite ailing health read the rest…

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Despite suffering economy, Egyptians remain optimistic: Bayt.com survey

  /  April 13, 2014  /  Business  /  2 Comments

52% of Egyptians believe the economy has declined in the last 6 months, yet 37% still expect their personal financial situation to improve in the next 6 months, Bayt.com and YouGov report

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Moody’s downgrades Turkey outlook to ‘negative’

  /  April 12, 2014  /  Business, Economy  /  1 Comment

Putting the country’s investment-grade rating at risk

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Wheat bought by Egypt’s GASC stuck in Russian port: Traders

  /  April 12, 2014  /  Business, Economy  /  1 Comment

Reuters – Two wheat cargoes purchased by top global wheat buyer Egypt are stuck at Russia’s Novorossiisk port, after the trade house selling the grain had problems opening the importer’s letters of credit, traders said. read the rest…

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Egypt’s Pioneers Holding 2013 profit rises 37%

  /  April 9, 2014  /  Business  /  1 Comment

Reuters – Egyptian investment firm Pioneers Holding posted a 37% increase in net profits for last year, it said in a bourse statement on Wednesday. Pioneers made EGP 358m ($51m) in 2013 compared with EGP read the rest…

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Egypt economic growth to remain slow: IMF

  /  April 8, 2014  /  Business  /  2 Comments

AFP – Growth in Egypt’s economy is expected to remain sluggish this year as political uncertainty keeps tourists and foreign investors away, the International Monetary Fund said Tuesday. The economy of the Arab world’s most read the rest…

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Iran, world powers seek to intensify nuclear talks

  /  April 8, 2014  /  Business  /  3 Comments

Iranian Foreign Minister Mohammad Javad Zarif said Tuesday that he has formed a group of legal experts to help in the “complicated, difficult and slow work” of drafting a deal.

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G20 final document unlikely to address Ukraine crisis

  /  April 8, 2014  /  Business  /  1 Comment

Reuters – The world’s financial leaders are likely to discuss possible risks to Europe’s economy from the crisis in Ukraine, but there are no plans to mention it in the final document from their Washington read the rest…

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Time running out to meet global warming target: UN report

  /  April 6, 2014  /  Business, Energy  /  1 Comment

Temperature rises would sharply raise risks to food and water supplies and could trigger irreversible damage

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Dubai to challenge London with Islamic financing platform

  /  April 2, 2014  /  Business  /  1 Comment

Reuters – Dubai will compete with London for a share of Islamic banks’ liquidity management business by offering a new platform for murabaha trading. Many Islamic banks around the world manage their short-term funds with read the rest…

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Egypt bourse rebounds

  /  April 1, 2014  /  Business  /  1 Comment

Reuters – Egypt’s index, which had lost 8% of its value in the previous three sessions, rebounded on Tuesday to close 1.5% higher. The dip was a result of profit-taking by investors who had built read the rest…

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The new ‘silk road’, a rail link from China’s factories to heart of Europe

  /  March 30, 2014  /  Business  /  2 Comments

Duisburg is a steel-making town of around half a million on the confluence of the Rhine and Ruhr rivers that boasts the world’s biggest inland port and is one of Germany’s most important transport and commercial hubs.

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Hunt is on for new emerging tigers: MINT, PPICS and CIVETS

  /  March 30, 2014  /  Business  /  1 Comment

AFP – For more than 10 years the rise of big emerging markets has re-shaped the global economy but these are now slowing with maturity, and the hunt is on to identify which upstarts will read the rest…

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Russia’s Lukoil begins output from giant Iraq oilfield

  /  March 30, 2014  /  Business  /  2 Comments

Reuters – Russia’s Lukoil began commercial production from one of the world’s largest untapped oilfields in Iraq on Saturday, as the country raises output to record levels. Production from the giant West Qurna-2 is eventually read the rest…

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Egypt’s economy to strengthen from 2014 to 2016: HSBC

  /  March 29, 2014  /  Business  /  3 Comments

Trade with Europe shows promise during the next six months, the bank’s latest report noted

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Egypt army extends power by taking charge of Gulf aid

  /  March 29, 2014  /  Business  /  2 Comments

Bread is a politically-explosive issue in Egypt – failure to deliver it at an affordable price has triggered major riots in the past and the government wants to boost its storage capacity to reduce its reliance on international markets.

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Egypt’s Naeem Holding to cross-list on Abu Dhabi exchange

  /  March 25, 2014  /  Business  /  No Comments

Reuters – Naeem Holding for Investments has received approval from the United Arab Emirate’s financial regulator to list on the Abu Dhabi exchange, the firm said, a further sign of closer economic ties between Egypt read the rest…

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China faces ‘serious obstacles’: IMF chief

  /  March 24, 2014  /  Business  /  2 Comments

China’s gross domestic product (GDP) grew 7.7% in 2013, unchanged from the year before.

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Dubai lender Amlak’s Bourse suspension to be lifted

  /  March 24, 2014  /  Business  /  1 Comment

Reuters – The shares of indebted mortgage lender Amlak will resume trading on the Dubai bourse in the second half of this year, the United Arab Emirates’ economy minister said on Monday. Trading in shares read the rest…

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Gunmen attack, burn displaced camp in Darfur: UNAMID

  /  March 24, 2014  /  Politics, Region  /  1 Comment

The African Union-United Nations Mission in Darfur (UNAMID) has reported a series of attacks on villages in the region this month, but the Khor Abeche camp in South Darfur, assaulted on Saturday, was an unusual target.

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After popular protests, Oman starts to pursue graft

  /  March 24, 2014  /  Business  /  1 Comment

Reuters – Young Omanis who took to the streets in 2011 to demand jobs and better economic prospects failed to trigger the mass protests that transformed other parts of the Arab world in their own read the rest…

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Dubai Investments to lift foreign ownership cap to 35%

  /  March 23, 2014  /  Business  /  2 Comments

Reuters – Dubai Investments, a diversified manufacturer and investor in property, plans to increase the limit on foreign ownership of its shares to 35% of its total capital, the company said on Sunday. Foreign investors read the rest…

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Egypt investors believe Sisi presidency will bring stability

  /  March 22, 2014  /  Business  /  1 Comment

Sisi offers the hope of relief from three years of political turmoil that began with the Arab Spring uprising, even though he was the man who toppled Egypt’s first freely-elected president, Islamist Mohamed Morsi.

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What are the justifications for Al-Sisi’s nomination? Part 3: Possible reform movement

  /  March 20, 2014  /  Opinion  /  2 Comments

In the previous articles, we highlighted three groups that are supporting Al-Sisi’s nomination. The first one is the popular movement, which expresses the general mood in the Egyptian streets. The second one if the old read the rest…

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Swiss-Listed Orascom warns on profit amid Egyptian instability

  /  March 19, 2014  /  Business  /  2 Comments

Specific factors hitting Orascom include lower capitalisation of financing costs, the devalued Egyptian currency, but also impairments on investments and a review of its taxation

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Al-Sisi’s austerity request

  /  March 17, 2014  /  Opinion  /  4 Comments

“Egypt’s youth is its hope; they need to give and not expect to take anything now.” “Egypt needs a lot from us. Egypt’s youth should not be thinking about when will they be able to read the rest…

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