Egypt Alcotexa sells 46,406 T cotton in past week
Egypt's Alexandria Cotton Exporters' Association (Alcotexa) committed to sell 46,406 tons of cotton in the week that ended on Oct. 9, an Alcotexa official told Reuters on Monday. The sales…
OT says no official notification from Algeria on Djezzy
On Sunday, Orascom Telecom said it has not received any official notification from Algeria that it it's local unit Djezzy should pay Algeria's central bank $193 million, in a note…
Egypt year-on-year core inflation to Sept 10.97 pct
Egypt's core annual inflation surged to 10.97 percent in the year to September from 8.2 percent in August, the central bank said on its website on Sunday. Four analysts polled…
Youth Views: Young Arab American ambassador finds common ground
GROTON, Massachusetts: I am a 16-year-old Arab American. One of my parents is from Lebanon and the other from Palestine. Both live in the Middle East while I attend boarding…
Qaddafi warns against ‘contagion’ of Sudanese partition
SIRTE: Libyan leader Moammar Qaddafi warned on Sunday ahead of a vote on possible independence for south Sudan that a partition of the country would be a “contagious disease” that…
Qatar’s Mazaya to list and sign $1.5 bln deals
DOHA: Real estate development firm Mazaya Qatar plans to finally list on the Qatar bourse next week and would sign two deals worth $1.5 billion on Tuesday to underpin long-term…
Cr. Agricole sees $3bln in Islamic bond issuance
ABU DHABI: Credit Agricole expects to close two or three Islamic bond deals worth up to $3 billion in the next six months, the head of its Islamic finance unit…
UAE Central Bank to launch Islamic CDs by yr-end, says StanChart
ABU DHABI: The United Arab Emirates' central bank will launch Islamic certificates of deposit by the end of the year to help the Gulf state's Islamic banks manage cash, a…
Iran sees no change in OPEC target, says Khatibi
TEHRAN: The Organization of the Petroleum Exporting Countries is not likely to lower its supply target when its members meet this week, Iran's OPEC governor said on Monday. "In the…
Saudis to supply full Nov crude vols to Asia buyers
SINGAPORE: Saudi Arabia, OPEC's top oil exporter, will keep full contracted volumes of crude supply in November to six term buyers in Asia and at least two in Europe, steady…