Invest AD to launch Middle East PE fund
SHANGHAI: Invest AD, which manages investments for the Abu Dhabi government and institutional investors, said on Monday it was launching a private equity fund to invest in the Middle East…
ICBC eyes operations in Kuwait, Saudi Arabia
SHANGHAI: Industrial and Commercial Bank of China (ICBC), the world's biggest lender by market value said on Monday it was seeking acquisition opportunities to expand business in the Middle East…
Dubai residential rents seen lower in 2010, says CBRE
DUBAI: Residential rents in Dubai are set to fall further in 2010 due to increased supply, while vacancy rates in Abu Dhabi's office market are expected to rise to as…
Oil above $74 on dollar, down 14 pct in May
LONDON: Oil rose above $74 on Monday in line with a timid recovery across financial markets, but was set for its biggest monthly loss in 18 months after European economic…
At least 10 killed on Gaza flotilla
JERUSALEM: Israeli commandos on Monday stormed six ships carrying hundreds of pro-Palestinian activists on an aid mission to the blockaded Gaza Strip, killing at least 10 people and wounding dozens…
Egyptian professor demands 'correction' after name mix-up with arrested man
CAIRO: Vice Dean of the Faculty of Science at Alexandria University Mohamed Ismail Ibrahim is demanding the Florida-based Gainesville Sun falsify information it published two weeks ago, incorrectly identifying him…
Supreme Admin Court obliges Pope to allow divorced Copts to re-marry
CAIRO: The Supreme Administrative Court rejected on Saturday Pope Shenouda's appeal and obliged him to allow divorced Orthodox Copts to remarry. The Administrative Court had issued a ruling in favor…
Dropping civil suit against Moustafa is useless, says lawyer
CAIRO: Dropping a civil lawsuit against business tycoon Hisham Talaat Moustafa accusing him of inciting the murder of Lebanese singer Suzanne Tamim is irrelevant to the ongoing murder trial, defense…
Al-Hadari appeases disgruntled Ismaili fans
CAIRO: Essam Al-Hadari issued a public come-and-get-me-plea to Ahly last month, a shocking claim that would have landed him in serious troubles with Ismaili fans under normal circumstances. With no…
ElBaradei tours Old Cairo with 40 supporters
CAIRO: Mohamed ElBaradei visited religious sites in Old Cairo Sunday, the third such visit since he launched his campaign for democratic change. Accompanied by around 40 supporters from his National…
