Negotiations to continue on Ivory Coast crisis
NAIROBI: The African Union's envoy said Wednesday that mediators in the Ivory Coast political crisis will "go the extra mile" to negotiate Laurent Gbagbo's removal from power to avoid the…
Dubai bourse turnover slumped to six-yr low in 2010
DUBAI: Turnover on the Dubai Financial Market fell 60 percent in 2010, slumping to a six-year low, the company said in its annual report on Wednesday. The bourse's traded value…
Saudi Arabia: Playing it safe
By Oxford Business Group The companies listed on the Saudi Stock Exchange, or Tadawul, have a joint value of some $320 billion. However, unlike most of the bourses operated by its…
Khartoum eyes non-oil revenues in case of secession
KHARTOUM: Profound uncertainty surrounds Sudan's economic future, but with the possible secession of the south, where most of its vital oil reserves lie, a bad situation may soon get worse…
Christians demonstrate in Assiut
By AP ASSIUT: About 500 young Coptic Christians have defied a call by their leaders to avoid demonstrations and descended into the main streets of this southern city protesting the…
Cisco, Raya open Cairo Center of Excellence
Cisco and Raya Contact Center announced the opening of the Cairo Center of Excellence in Egypt, the Cisco Inside Sales hub servicing the Middle East and Africa (MEA) region, according…
Raya expands investment portfolio
CI Capital analyst Ingy El-Diwany said that Raya Holding for Technology and Communications is expanding its investment portfolio to include a defensive player through debt and equity financing, according to…
Suez Canal 2011 transit fees to be announced
New transit fees for 2011 will be set and announced by the end of January, Al-Mal cited the Suez Canal Authority as saying. The SCA denied previous statements, which claimed…
Dana Gas output in Egypt surges 20 pct in 2010
ABU DHABI: Dana Gas said on Tuesday its production in Egypt increased 20 percent in 2010 helped by output from seven new fields in the Nile Delta. Production hit 42,000…
Kiir and Bashir, the two faces of a divided nation
By AFP KHARTOUM: One a northern Arab career soldier and devout Muslim shunned by the West, the other a former southern rebel commander and committed Roman Catholic, Sudan's two leaders…
