Gulf firms wary of investing in southern Sudan
DUBAI: Political uncertainty and fear of conflict will deter several Gulf firms from investing in southern Sudan as it prepares for a referendum next month that will likely lead to…
Morocco: Positive tale for retail
By Oxford Business Group Morocco’s retail sector is set to undergo a major shift in the coming years as large-scale purpose-built retail areas become more prevalent but moves away from traditional…
Emaar Aims to Keep Safe Distance From Troubled Amlak
Emaar Properties PJSC, the sprawling Dubai real estate developer, had a near-death experience this past week when its chairman made remarks hinting that it might increase its stake in its…
Central Banks exempts sugar imports from cash cover minimum
CAIRO: In light of the recent rise in sugar prices reaching LE 5000 a ton and contributing to higher inflation, Egypt's central bank said on Saturday it was exempting banks…
Egypt eyes Sudan for wheat needs
CAIRO: Egypt has turned to its impoverished southern neighbor, Sudan, for use of agricultural land as the world's largest wheat importer looks to meet domestic food supply needs and quell…
Stock index take a slight dip
CAIRO: Egypt's main index, EGX30, dipped, with property developer Talaat Moustafa Group reversing earlier gains to drop 0.3 percent. On Saturday, an Egyptian court delayed a hearing on whether the…
The Nabatean: A false literary prophecy
By Sherif Azer and Youssef Faltas “By the one two-faced God and by primordial wisdom, I speak the truth. There is none but Mother and Son. From the two, every mother…
Mubarak addresses economy, elections, wikileaks in speech to new parliament
By Heba Fahmy CAIRO: Egyptian President Hosni Mubarak gave a speech to the newly elected parliament on Sunday, amid wide applause and praise from the parliament members; however, the opposition’s reaction…
Iraq PM to name cabinet, delay security posts
BAGHDAD: Prime Minister Nuri Al-Maliki will himself take charge of Iraq's security as ministers heading the army and police will not yet be named when he unveils his cabinet on…
OT agrees to pay Telecel back taxes as VimpelCom deal deadline approaches
CAIRO: Orascom Telecom (OT) has agreed to pay $3 million in back taxes by the end of 2010 to Burundian authorities out of a total of $8 million in back…
