Confidence returns to Middle East investment
DUBAI: Middle East governments and companies are raising cash again from debt and equity markets, while solid oil prices and improving economic fundamentals are helping the region recover and restructure.…
Islamic finance faces political hurdles in US
DUBAI: From Australia to Britain and even France, which recently banned the face-veil, Western economies are adjusting their laws to encourage growth in the Islamic finance sector they hope will…
Lafarge exec says Iraq improving for investors
BAGHDAD: Iraq's investment climate is getting better but foreign investors are awaiting the passage of national industry and consumer protection laws to further improve the environment, the Iraq chief of…
Dubai’s DEWA says offers for bond more than $13 bln
State-owned utility Dubai Electricity and Water Authority's $2 billion two-tranche bond drew demand in excess of $13 billion, the company said on Friday, below the level indicated on Thursday. Lead…
Vimpelcom investor questions Sawiris’ terms
Vimpelcom, Russia's second-largest mobile phone operator, may need to reassess the price it is paying for most of the telecoms assets of Naguib Sawiris, the Egyptian entrepreneur, Telenor has signaled.…
Azadea Group expands in Egypt with Mall of Arabia
Azadea Group has signed an agreement with Egypt’s Mall of Arabia to open a series of fashion and food outlets, according to a statement on AMEinfo.com. The move will expand…
Beltone upgrades OCI target price
Cairo-based investment bank Beltone Financial upgraded Thursday the target price on Orascom Construction Industries OCI to LE 284.62, an increase of 11 percent, with an “add” recommendation. In a note,…
Editorial: That day in history
In October 1981, Egypt’s current President Hosni Mubarak was appointed president of the republic following the assassination of President Anwar Sadat during military celebrations commemorating the October 6 victory over…
America’s deepening moral crisis
NEW YORK: America’s political and economic crisis is set to worsen following the upcoming November elections. President Barack Obama will lose any hope for passing progressive legislation aimed at helping…
Would Musharraf’s return offer Pakistan what it needs?
KARACHI: Pakistan’s former president, Pervez Musharraf, recently announced from the UK his return to politics by formally launching a new political party, the All Pakistan Muslim League (APML). While he…