Food prices drive Kuwait July inflation up to 4 pct
KUWAIT: Kuwait inflation rose to a 13-month high of 4.0 percent year-on-year in July, driven by rises in food and global commodities prices. Inflation in the world's fourth largest oil…
Gulf price pressures down, not gone, says Kuwait c. banker
KUWAIT: Inflationary pressures in Gulf Arab countries have decreased significantly, but they must pay attention to rising global food prices, Kuwait's central bank governor said on Tuesday. Inflation in the…
Emaar postpones board meeting to Wednesday, says bourse
DUBAI: Emaar Properties, builder of the world's tallest tower in Dubai, postponed its board meeting to Sept. 29, a statement on the bourse website said on Tuesday. The meeting, which…
Nakheel plans $1.6 bln bond, part of debt plan
DUBAI: Property developer Nakheel plans to issue a 6 billion dirham ($1.63 billion) Islamic bond as part of its debt repayment plan as it restarts several key projects, an industry…
Western, Mideast airlines step up interest in Africa
PARIS: Western and Middle Eastern airlines are planning a pronounced push into Africa, adding routes and boosting passenger capacity to take advantage of a region where air traffic is set…
Egypt museum employee behind Van Gogh theft, says minister
CAIRO: Egypt's interior minister said on Sunday that an employee working in a Cairo museum was probably behind the theft of a Van Gogh painting that left Egyptian authorities red-faced.…
Egypt 273-day T-bills avg yield down at 10.275 pct
CAIRO: The average yield on Egyptian 273-day Treasury bills dipped to 10.275 percent at an auction on Monday from 10.298 percent at the last auction on Aug.30. The central bank…
Egypt pound strengthens on T-bill demand, euro
CAIRO: The Egyptian pound strengthens against the dollar as investors buy Egyptian T-bills and as the euro strengthens, traders say. "T-bills are attractive. The differential continues to be attractive, and…
Egyptian tobacco firm Eastern approves cash dividend
CAIRO: Egypt's cigarette monopoly Eastern Company announced a shareholder dividend of LE 5.5 ($1) per share, the bourse said on Monday, higher than the previous year's payout. The dividends were…
Algerian sources deny new taxes on Orascom unit, says TV
CAIRO: The Algerian government has denied imposing new taxes on the local unit of Egyptian mobile firm Orascom Telecom, Al Arabiya television said on Monday, citing unnamed government sources. Industry…
