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 —…
Proud Uruguay face difficult recovery
CAPE TOWN: Uruguay coach Oscar Tabarez has reminded his team they still have a job to do at the World Cup despite their agonizing 3-2 semi-final defeat to the Netherlands.…