Developing MENA coastlines key to boosting tourism revenue, says report
CAIRO: Middle East and North African countries would benefit economically by further developing their coastlines to attract the ever-growing number of tourists with yacht as well as those interested in…
Consumer confidence rising in Egypt, shows survey
CAIRO: Consumer confidence in Egypt has risen to 25 percent, according to a recent survey. The Consumer Confidence Index (CCI) shows that Egypt has increased by 0.4 points since last…
Ghali denies plans for microbus replacement program
Egypt’s Minister of Finance Youssef Boutros-Ghali denied any near-term plans for replacement of microbuses through a government sponsored program similar to the taxi and drawbar trailer replacement programs, Al-Mal reported.…
Egypt to establish tobacco company in Ethiopia
Egypt will establish a large company for the cultivation of tobacco in Ethiopia in collaboration with a number of international companies specialized in the production and processing of raw tobacco,…
South Sudan rulers hail valid independence vote
JUBA: South Sudan's ruling party said Wednesday that the 60-percent turnout threshold required for a landmark independence vote to be declared valid has been reached after just three days of…
AlembicHC cuts Egypt’s Eastern Co to underweight
AlembicHC cut its rating on Egypt's cigarette monopoly Eastern Company to "underweight" from "neutral" saying rising raw material and relocation costs could impair the company's profitability. The brokerage also said…
Kuwait PM visits Iraq for first time since war
BAGHDAD: Kuwait's prime minister arrived to a red carpet welcome in Baghdad on Wednesday in the first such visit since Saddam Hussein's forces invaded the oil-rich emirate in 1990. Television…
Egypt’s NUCA to sell up to $862 mln in 5-yr bonds
The Egyptian government's New Urban Communities Authority (NUCA) said on Tuesday it will sell up to LE 5 billion in five-year bonds next month to finance infrastructure and other development.…
Clinton meets Qaboos in Oman
MUSCAT: US Secretary of State Hillary Clinton met Wednesday in Muscat Oman's Sultan Qaboos and civil society representatives, as part of her five-day tour of the region. Clinton arrived Tuesday…
Israel’s nuclear option in Iran
By Bennett Ramberg LOS ANGELES: Revelations in former President George W. Bush’s recently published memoirs show that he declined an Israeli request to destroy Syria’s secret nuclear reactor in the spring…
