Vodafone had informal talks on Egypt sale
LONDON: Vodafone has held informal talks with Telecom Egypt about selling its 55 percent stake in Vodafone Egypt, the country's second-largest mobile company, sources familiar with the matter said. Telecom…
Federer gets tough Paris mission, Serena, Henin on collision course
PARIS: Rafael Nadal claimed the first victory of the French Open on Friday after defending champion Roger Federer was handed a tricky draw while Serena Williams was on collision course…
Injured Fabregas, Torres in Spain World Cup squad
MADRID: Spain coach Vicente del Bosque Thursday named injured players Cesc Fabregas and Fernando Torres in his final squad for the World Cup, along with Barcelona's uncapped keeper Victor Valdes.…
Egypt got it, Algeria did not
It was not surprising that FIFA punished Egypt after fans attacked Algeria's football team bus. That at least two Algerian players sustained head injuries from rock throwers in November's World…
Azerbaijan to build oil terminal in UAE's Fujeira
BAKU: Azeri state energy company SOCAR said on Thursday it has agreed with private Swiss trading house Aurora Progress to build an oil terminal in the United Arab Emirates' port…
Algiers refinery to shut Sept. 10 for maintenance
ALGIERS: Algeria's Sonatrach state energy firm will shut down its Algiers refinery for scheduled maintenance from Sept. 10 to Oct. 10 this year, a Sonatrach official said. The refinery, which…
Japan offers more crude from govt stocks in Okinawa
Japan has offered to sell more crude oil from its national reserves in Okinawa, the trade ministry said, as it looks to make room for top exporter Saudi Arabia to…
Dubai's Depa sees 2010 profit in line with 2009
DUBAI: Dubai-based interiors contractor Depa Ltd said on Thursday it is "cautiously optimistic" about 2010 and expects profit and revenues for the year to be in line with 2009. Depa,…
Bahrain annual inflation rises to 2.7 pct in April
manama: Bahrain annual inflation rose to 2.7 percent year-on-year in April from 1.8 percent in March, data showed on Thursday. The consumer price index of the Gulf kingdom stood at…
Investment Corp. of Dubai CFO Hegarty to step down
DUBAI: The chief financial officer of Investment Corporation of Dubai (ICD), the investment arm of the Gulf Arab emirate, will step down after two years in the post, in the…