Stock index ends down, Pioneers pummeled
CAIRO: Pioneers Holdings plunged 7.7 percent, pounded by investors disappointed with the news that its plans to acquire investment bank Beltone Financial had collapsed. The merger with Beltone had been…
Analyzing MENAP recovery patterns provides vital lessons in new report
CAIRO: The growth in economies of the region comprising the Middle East, North Africa, Afghanistan, and Pakistan (MENAP) will gather momentum in 2010, but stay below pre-crisis levels, a recent…
Sunderland sign Egypt’s Al-Muhammadi
SUNDERLAND: Sunderland have signed Egypt international Ahmed Al-Muhammadi on a season-long loan from ENPPI, the English Premier League club announced Friday. The north-east side have an option to make the…
Shuaa to name Shihabi as broking unit CEO, say sources
DUBAI: A former head of research at Dubai-based investment bank Shuaa Capital is likely to be named as the new chief executive of its brokerage division, sources familiar with the…
Court postpones April 6 Movement’s lawsuit for the right to demonstrate
CAIRO: The Administrative Court postponed until Nov. 16 the examination of a lawsuit filed by the April 6 Youth Movement, demanding the right to demonstrate. The lawsuit condemns the Ministry…
Iran sees OPEC crudes up to $80 by yr-end -reports
TEHRAN: Surplus OPEC capacity is keeping the price of crude down, but oil prices are likely to rise to $80 by the end of the year, Iran's OPEC governor Mohammad…
Oman oil reserves fell 3 pct in 2009
MUSCAT: Oman's oil reserves slipped just over 3 percent in 2009 as the country failed to find as much oil as it produced, according to official data in the country's…
Court ruling leaves Al-Ghad Party with no leader
CAIRO: The Supreme Administrative Court accepted on Sunday an appeal by the political parties committee and Al-Ghad Party's president Moussa Mostafa Moussa on a previous ruling that obliged them…
Higher education revamp in Abu Dhabi
DUBAI: Higher education in Abu Dhabi, which is seen as integral to the success of the emirate's future economy, was given a boost recently when the Abu Dhabi Education Council…
Making moves in Algeria
ALGIERS: Algeria is looking to step up its campaign to strengthen the country's transport infrastructure, unveiling a multibillion-euro program of investments aimed at broadening the base of the economy and…
