What can creditors expect from Dubai World meeting
DUBAI: State conglomerate Dubai World has invited holders of $14.4 billion of its troubled debt to their first full-scale meeting since December last year to sell them a restructuring deal.…
Provisions, lending weaken Saudi banks Q2 earnings
RIYADH: HSBC's Saudi affiliate SABB bank missed forecasts and two other banks in the kingdom reported sharp falls due to high provisions to counter exposure to troubled Saudi firms and…
Painting of dead Mandela draws outrage in S. Africa
A painting that depicts a dead Nelson Mandela undergoing an autopsy provoked outrage this week in South Africa, but the artist who created the work has said it is…
Mubadala plans Airbus parts in Q4, eyes Sikorsky deal
ABU DHABI: Abu Dhabi's Mubadala Aerospace will start making Airbus parts at its new facility by fourth-quarter, sees a deal with Sikorsky imminent, and expects to conclude up to five…
Singer Coco set to step out of father Sting’s shadow
Fresh from a debut appearance at Britain's Glastonbury Festival, Coco Sumner, daughter of megastar Sting, is out to show she is more than just famous offspring as she embarks…
Oil falls to around $75 ahead of earnings
LONDON: US crude oil futures fell to around $75 per barrel on Monday, consolidating after a week of gains and ahead of quarterly US company earnings and key macro-economic data.…
DW’s Rainer Traube on contemporary trends in German film
Last week, Cairo was treated to a public film discussion by visiting guest Rainer Traube, director of the cultural department at Deutsche Welle TV, which took place at Sawy Culture…
DW’s Rainer Traube on contemporary trends in German film
Last week, Cairo was treated to a public film discussion by visiting guest Rainer Traube, director of the cultural department at Deutsche Welle TV, which took place at Sawy Culture…
Twin Uganda bombs kill 64 at World Cup parties
KAMPALA: Twin bomb blasts ripped through crowds watching the World Cup final in Kampala, killing 64 and wounding scores in attacks blamed on Al Qaeda-linked militants in Somalia, officials said…
Whose hands on the Nile?
Since the signing of the new Nile water agreement in May 2010, the Nile basin controversy has resurfaced at the top of the national security agenda of all ten riparian…