Egyptian border guards kill Eritrean migrant
EL-ARISH: An Egyptian security official says an African migrant bled to death after being shot in the leg by border guards as he tried to cross into Israel. The official…
Dream of the red country
A large Chinese hair ornament is displayed on a screen, greeting the audience at the Cairo Opera House’s performance of one the classics of Chinese fiction, “Dream of the Red…
Mideast M&A activity drops in Q2, fees rise, says survey
DUBAI: Mergers and acquisitions (M&A) activity in the Middle East fell sharply in the second quarter, underlining the difficult environment investment banks face in the region, data from Thomson Reuters…
Kuwait Projects Co eyes 10-yr benchmark bond, say leads
DUBAI: Kuwait Projects Company (KIPCO), is considering a benchmark-sized bond issue with a 10-year tenor, lead arrangers said on Wednesday, making it the first offering from a Kuwaiti corporate this…
Nakheel moving to clear debt logjam, says source
DUBAI: Dubai's Nakheel will complete paying out the cash portion of overdue debt to contractors by the end of July, a source told Reuters, in a sign the deeply indebted…
Egypt index declines, Ezz Steel leads
CAIRO: Egypt's benchmark index slid, led by Ezz Steel, after rebounding on Tuesday from nine sessions of declines. "People are depressed from the stock market, there has been…
Saudi investors eye 10-15 pct stake in BP, says paper
RIYADH: Unnamed Saudi investors seek to buy a stake worth 10 to 15 percent in British Oil Company BP dealing with a massive US oil spill, a Saudi newspaper said…
Qatar Telecom seeks acquisitions, CEO says
DUBAI: Qatar-owned telecoms provider Qatar Telecom will seek acquisitions in the Middle East and Asia despite mounting debt, the company's chief executive said in a newspaper report on Wednesday. Chief…
Oil falls below $72 on stronger dollar
SINGAPORE: Crude prices fell below $72 on Wednesday on a slightly stronger US dollar, reversing earlier gains of as much as 0.6 percent boosted by forecasts of a second weekly…
Netherlands turns on style, beats Uruguay 3-2
CAPE TOWN, South Africa: The Netherlands finally turned on the style at the World Cup in South Africa to reach its third final — and first in 32 years —…
