Kharafi says Etisalat bid Zain stake is serious
KUWAIT: A major shareholder of Kuwait's Zain defended Etisalat's $12 billion offer to buy 46 percent of the telecoms carrier, questioning why another big Zain stakeholder pulled out of the…
Dana Gas Q3 profit $8.9 mln as costs fall
DUBAI: UAE's Dana Gas returned to profit during the third quarter due to lower costs and increased production, but the results fell short of analysts' estimates. Dana reported a net…
Abu Dhabi’s TAQA beats forecasts with rise in Q3 profit
ABU DHABI: Abu Dhabi National Energy Co. (TAQA) reported a sharp rise in third-quarter profit on higher prices for oil and gas, beating analysts' expectations. TAQA, which is 75 percent-owned…
Dubai’s Drake outstanding receivables at $245 mln, saysCFO
DUBAI: Dubai Contractor Drake & Scull International (DSI) has 900 million dirhams ($245 million) of total outstanding receivables, less than a quarter in Dubai, its chief financial officer said on…
In Jerusalem settlement suburb, Israelis reject global stir
JERUSALEM: The approval of more than 1,000 new homes in Har Homa, a settlement suburb in occupied east Jerusalem, has prompted a wave of international condemnation, but residents here can't…
Alternative to Abyei referendum in Sudan may be option, says US
WASHINGTON: United States suggested for the first time Tuesday that it might not be possible to organize a referendum January 9 in the Sudanese region of Abyei, and suggested north…
Children in war: the lost millions looking for a voice
By Tim Witcher/ AFP UNITED NATIONS: Among all the UN accords, protocols and mechanisms that seek to defend the estimated 13.5 million children lost in conflict around the world, none mentions…
Real Madrid got donations from fans too: Zamalek chief
CAIRO: Zamalek interim president Galal Ibrahim defended the club's decision to open a bank account for donations, saying Real Madrid once resorted to the same solution to tackle a financial…
Australia name squad for Egypt friendly
CAIRO: Australia coach Holger Osieck named a 20-man squad for this month's international friendly against in Egypt. The Socceroos roster, led by Everton star Tim Cahill, witnessed no real surprises…
Obama says US outreach to Muslims must go beyond security
JAKARTA: President Barack Obama said Tuesday the United States must go beyond security issues as it seeks to improve relations with the Islamic world, as he visited Muslim-majority Indonesia. He…