Egypt watchdog allows investment funds to manage insurers’ cash
Reuters - Egypt’s financial watchdog will allow insurance and reinsurance companies operating in the country to assign part of their investment portfolios to portfolio management or investment funds in Egypt,…
UAE’s Etisalat misses forecast with 70% profit leap
Etisalat’s 2013 full-year net profit rose to AED 7.08bn from AED 6.74bn a year earlier.
South Sudan government, rebels halt peace talks
AFP - South Sudan’s government and rebels are taking a more than two-week break from key peace talks having seemingly made little to no progress in three weeks, mediators said…
Israel must make tough choices, Obama warns PM
Obama pushed for a decision on peace, while Netanyahu insisted Israel had done its part and that Iran is now the most urgent threat.
Syria surrenders a third of chemical arsenal: Watchdog
OPCW head Ahmet Uzumcu told the Executive Council meeting that Syria had submitted a revised proposal to complete the removal of all chemicals from Syria before the end of April,…
Bahrain’s Al Salam Bank launches Asian Islamic REIT
Reuters - Bahrain’s Al Salam Bank has launched a listed sharia-compliant real estate investment trust (REIT) that will invest in a portfolio of Asian properties, the lender said on Tuesday.…
Tunisia’s economic woes could become ‘catastrophic’: PM
Tunisia’s economic recovery since its 2011 “Arab Spring” revolution has been hampered by political instability, social unrest and Islamist violence.
Kuwait’s Zain says finalises $800m, five-year loan facility
Reuters - Kuwait’s Zain has finalised an $800m, five-year loan facility from 11 banks, the telecommunications operator said on Tuesday. Zain, which has operations in eight countries in the Middle…
Dubai’s DAMAC triples profit as property sales surge
Reuters - Dubai luxury real estate developer DAMAC tripled its 2013 net profit and plans more new projects this year, it said on Tuesday, dismissing growing concerns of a new…
Human rights in Egypt under international spotlight
Coalition of international NGOs calls on UN Human Rights Council to address Egypt’s human rights situation