Shuttle Discovery’s last flight over Christmas?
CAPE CANAVERAL: Baffled by fuel tank cracks, NASA announced another prolonged launch delay for space shuttle Discovery on Wednesday and raised the prospect of a Christmastime flight. Shuttle managers refused…
Emission pledges fall short of climate target, says UN
HELSINKI: Emissions cuts pledged by countries in a nonbinding climate accord last year fall short of what's needed to avoid the worst consequences of global warming, the UN's environment agency…
Mubarak in UAE leg of Gulf tour to discuss Mideast peace
ABU DHABI: Egyptian President Hosni Mubarak on Tuesday kicked off a Gulf tour with talks in the United Arab Emirates on the stalled Middle East peace process, the official WAM…
Islamic finance liquidity body to issue sukuk in 2011
A new global Islamic liquidity management corporation backed by central banks will start issuing Islamic bonds next year to help Islamic banks manage their liquidity, a board member said on…
Islamic derivatives standard to add product contracts
Bankers hoping to introduce the wider use of derivatives in Islamic finance said on Monday they would develop simpler individual contracts to try and foster the wider use of such…
CI Capital’s Karim Helal on emerging markets’ private equity allure
“The whole world is talking about emerging markets and how they are the linchpin for the world’s recovery,” Karim Helal, group CEO of CI Capital Holding, the investment banking arm…
Celebrities race for parliamentary seats
By Tamim Elyan CAIRO: Even though they played as teammates for both Egypt’s national football team and for the Ahly football club 20 years ago, today Ahmed Shobeir and Taher Abo…
Meet the Players: The Tagammu Party
Formed in the interim between the dissolution of the Arab Socialist Union (ASU) and the creation of the National Democratic Party (NDP), the Tagammu Party was established by Khaled Mohieddin…
BP makes significant gas discovery in Egypt
LONDON: BP PLC says it has made a significant gas discovery in Egypt's west Nile Delta. The London-based company's shares were up 1.4 percent at 434.85 pence ($6.87) on the…
Nazif, Ukrainian PM discuss political economic cooperation
CAIRO: After a meeting between the prime ministers of Egypt and Ukraine on Wednesday, the officials highlighted agriculture, gas, petroleum and military as key areas of potential cooperation. Egypt’s PM…
