Iraq sends Shell gas deal to cabinet for approval
BAGHDAD: Iraq's oil ministry has sent the final draft of a gas deal with Royal Dutch Shell to the cabinet for approval, Iraq's oil minister said on Thursday. The deal…
Bedouins try to alter Sinai tourism to help local community
SINAI: Most tourists’ visits to Mount Sinai and St. Katherine’s Protectorate go the same way: Wake up very early. Jump on a bus chartered by a fancy hotel in Sharm…
From meat to wages, economic woes fuel Egypt anger
CAIRO: For the past six weeks, Kholoud Mustafa has walked past the butcher near her apartment in Cairo's run-down Ain Shams district, casting wistful looks at the meat hanging outside…
UAE's Air Arabia Q1 net profit falls 51 percent
UAE-based low-cost carrier Air Arabia said its first-quarter net profit fell 51 percent to AED50 million ($13.62 million) due to an increase in fuel price and continued pressure on yield…
Algeria ready to buy 100 pct of Orascom unit-finmin
ALGIERS:Algeria's government is prepared to buy 100 percent of Orascom Telecom's Algerian unit, the official news agency quoted Finance Minister Karim Djoudi as saying on Thursday. Asked in parliament about…
Cairo's zabaleen want only respect in a rubbish life
CAIRO: Children stop their game of marbles and scatter as rubbish-laden trucks trundle up their dusty street, swarming with flies and grinding dead vermin beneath their wheels. The sight —…
Malaysia's Bank Islam, MEast buyers eye Bank Muamalat stake
bankok: Malaysia's Bank Islam Bhd as well as several Middle Eastern investors are interested in buying a stake in Indonesia's biggest sharia bank, PT Bank Muamalat, via a planned 1…
Africa's first high-speed train to open ahead of World Cup
JOHANNESBURG: The Gautrain, Africa's first high-speed rail line, will launch on June 8 in South Africa three days before the opening match of the 2010 football World Cup, the developers…
ADCB confirms talks to buy RBS UAE retail ops
Abu Dhabi Commercial Bank on Thursday confirmed it was in talks to buy the retail operations of Royal Bank of Scotland in the United Arab Emirates. "ADCB... can confirm that…
Dubai ranks nine among most expensive office markets, says CBRE
Dubai is among the ten most expensive office markets in the world, a report on global office rents by commercial real estate services company CB Richard Ellis (CBRE) showed. The…