Islamic finance struggles to rouse inert fund industry
KUALA LUMPUR: When regulators in Dubai and Malaysia signed a deal in 2007 to facilitate cross-border sales of sharia funds on each other's turf, they were hoping for a burst…
Kuwait donates 500 million dollars for east Sudan development
KUWAIT CITY: Kuwait has donated 500 million dollars for the development of east Sudan, the foreign minister of the Gulf state said Wednesday at the start of an international conference…
RAK: Ready for take-off
By Oxford Business Group The relaunch of Ras Al Khaimah’s national air carrier, RAK Airways, in October came as major upgrades of roads, ports and the airport are under way as…
WikiLeaks: Arab allies want tougher US measures
PARIS: The United States' authoritarian allies in the Arab world have urged Washington to ignore human rights and take a more starkly aggressive stand against Islamist militants and Iran, leaked…
Sudanese, two Egyptians held in Romania for people smuggling
BUCHAREST: Romanian authorities have detained two Egyptian nationals and a Sudanese for allegedly smuggling more than 30 illegal immigrants into Europe, prosecutors said Monday. The three were accused of assisting…
US criticizes Mideast ally Egypt’s elections
By Agencies WASHINGTON: US President Barack Obama's administration on Monday raised serious questions about the fairness of Egypt's weekend parliamentary elections, saying it was disappointed by widespread reports of irregularities…
Egypt says will amend law to solve TMG dispute
CAIRO: Egypt's government plans to amend legislation to resolve a legal challenge to the auction of public land for Talaat Moustafa Group's flagship Madinaty real estate project, the government said…
Ain Shams professors questioned following controversial attack
CAIRO: Four Ain Shams professors have been summoned for questioning by the university’s administration regarding an incident that occurred on campus earlier this month. A delegation of 10 professors from…
US ambassador responds to leaked documents on Egypt as more dispatches emerge
CAIRO: The US Ambassador to Egypt Margaret Scobey responded to leaked documents of embassy dispatches by the site Wikileaks Tuesday, saying that it did not represent official US foreign policy.…
MB says NDP rigged votes, mulls withdrawing from elections
By Marwa Al-A'asar CAIRO: The Muslim Brotherhood accused Tuesday the ruling National Democratic Party (NDP) of ballot-rigging during this week’s People’s Assembly (PA) elections, and said it is considering pulling…