PwC sees mid-single digit growth in yr to end-June
Global accounting firm PricewaterhouseCoopers expects mid-single digit percentage growth this financial year to end-June as it focuses on the Middle East and other emerging markets. PWC, one of the "Big…
German foundation refuses to return Nefertiti bust
BERLIN/CAIRO: A German foundation rejected on Monday an Egyptian request to return the 3,400-year-old bust of Queen Nefertiti, a sculpture which draws over one million viewers annually to a Berlin…
Surging c/a deficit makes Turkey more vulnerable
ISTANBUL: Turkey's surging current account deficit makes the country more vulnerable to outside shocks, posing risks to investors amid doubts over the central bank's efforts to contain it by letting…
Saudi to raise wheat reserves, boost storage
RIYADH: Top OPEC exporter Saudi Arabia hopes to double wheat reserves to a year's worth within three years, aiming to create a buffer against the impact of a spike in…
Dubai keeps aiming for skies with “highest” restaurant
DUBAI: Dubai's boom may have fizzled, but you can still live the high life perched atop the world's tallest building as the glitzy Gulf emirate unveils one of the world's…
Police deployed for Tunisia-inspired rally
By Maggie Michael /AP CAIRO: Thousands of Egyptian security forces are deploying across Cairo ahead of the country's first Tunisian-inspired protests. Egypt's top security official has warned no disturbances would…
Orascom Devt says has 99.66 pct of OHD after buy-out
Property developer Orascom Development has secured 99.66 percent of shares in its unit Orascom Hotels and Development (OHD) after a public tender for minority shareholders, the company said. In the…
Cairo talent perform for a cause
Three hours, six performances, 18 musicians, 20-something songs and a packed concert space; this was the breakdown of “Performance for a Cause,” which took place in downtown Cairo’s Rawabet Theater,…
Twilight,’ ‘Airbender’ lead Razzies with 9 noms
Vampires, werewolves and airbenders lead the pack at the Razzies, an Academy Awards spoof that hands out prizes for the year's worst films. The blockbuster supernatural tale "The Twilight Saga:…
Air Arabia sees passenger traffic rising, eyes new routes
UAE-based low cost carrier Air Arabia expects its passenger traffic to increase as much as 15 percent in the next four years and plans to add eight more routes by…