EU Crisis Begins to Affect the Middle East
TEL AVIV: The European Union is struggling with what some argue is the region’s worst economic crisis since the Second World War. But how is the EU’s crisis affecting the…
Arab World Social Innovation Forum celebrates social entrepreneurs
CAIRO: “Social entrepreneurs are a crucial component of any country’s development agenda and a prerequisite for a thriving civil society,” Iman Bibars, vice president of Ashoka Global and regional…
Investigations postponed with director of center for independent judiciary
CAIRO: The Prosecutor General’s office on Monday postponed till May 24 the investigation of director of the Arab Center for the Independence of the Judiciary, Nasser Amin upon the request…
Kuwait's Agility Q1 net drops 52 pct, shares fall
KUWAIT: Net profit at Agility more than halved in the first quarter and the Gulf's biggest logistics provider said future earnings would suffer from legal costs and lost contracts following…
Court orders release of Geziret Mohamed detainees
CAIRO: A court has ordered that a group of 60 detained following clashes between security forces and protestors on Friday be released. Lawyer Ahmed Ezzat told Daily News Egypt that…
Iraq in deal with CNOOC, TPAO for Maysan oilfields
BAGHDAD: Iraq's Oil Ministry signed a final deal with China's CNOOC and state-run Turkish Petroleum Corporation (TPAO) on Monday to develop the 2.5-billion-barrel Maysan oilfield complex. The deal is the…
Regional Investment Bank Rasmala reworks the crisis in its favor
CAIRO: Top officials of regional investment bank Delta Rasmala Investments credited “major reorganization” and a conservative approach during the crisis for the three prestigious awards it won recently. Rasmala’s asset…
GE Capital plans another benchmark Islamic bond-exec
DUBAI: GE Capital, a unit of General Electric Co., plans to issue its second Islamic bond in late 2010 or in 2011, a senior executive said on Sunday. Aris Kekedjian,…
Palestinian firm sees better 2010 prospects
AMMAN: Political stability in the West Bank has brightened the business prospects of the largest Palestinian holding firm, its chairman said on Sunday. "Most of the companies that we invest…
Egypt to begin PR offensive against Nile Water treaty
CAIRO: Egypt is to begin a public relations initiative in the West in an attempt to bring the international community on board regarding its rights to the Nile water after…
