Vale ends iron ore year-long agreements
Vale SA, the world’s largest iron ore producer, and BHP Biliton Ltd, the world’s third largest producer, ended a 40-year system of setting annual prices by signing short term contracts…
Maridive to distribute 20 pct bonus share
Maridive and Oil Services approved a dividend of one bonus share for every five held, a move that will boost its capital 20 percent to finance expansion, officials said on…
Sewedy 09 net dips 23 pct to $115 mln
Sewedy Cables said on Wednesday that 2009 net profit dipped more than 23 percent to LE 633.6 million ($115 million), much lower than analyst expectations. Revenue was LE 9.29 billion,…
GB Auto to pay LE 1 div, its first
Shareholders in Egypt’s GB Auto approved a LE 1 ($0.18) per share cash dividend on Wednesday, a Reuters source at the firm’s annual meeting said. The automotive assembler posted a…
Egypt raised $170 mln loan from Kuwait for power plant
Egypt raised a $170 million loan from the Kuwait Fund for Arab Economic Development to help it build a 750 MW power plant north of Cairo, Reuters quoted an official…
New suicide blasts kill 12 in southern Russia
MAKHACHKALA, Russia: Two suicide bombers including one impersonating a police officer killed at least 12 people and injured 18 others in the southern Russian province of Dagestan on Wednesday, officials…
US wants four-month Jerusalem building freeze, says media
JERUSALEM: The United States wants a four-month Israeli building freeze in occupied east Jerusalem, one several US demands aimed at reigniting dormant peace talks, media reports said on Wednesday. In…
'Titans' first entry in '80s movie encore
"Clash of the Titans" writers Phil Hay and Matt Manfredi are understandably excited about their movie arriving in theaters Friday. But if you really want to get them going, mention…
