A 25 percent no vote on constitution should be considered a veto, says Moussa
By Heba Fahmy CAIRO: At an American Chamber of Commerce event on Monday, presidential hopeful Amr Moussa said that if 25 percent of voters vote "no" in the referendum on the…
MENA trade to grow 131 pct by 2026: HSBC report
By Reem Abdellatif CAIRO: Trade in the Middle East and North Africa (MENA) region is expected to expand 131 percent by the year 2026, with metal products being a “driving force”…
Abraaj gears up for IPO next year-CEO
By Mirna Sleiman / Reuters DUBAI: Dubai-based Abraaj Capital, the Middle East's largest private equity firm, is gearing up for an initial public offering (IPO) as early as next year following…
Iraq seeks Arab debt forgiveness as summit opens
By Mariam Karouny and Serena Chaudhry / Reuters BAGHDAD: Iraq asked countries at an Arab League summit on Tuesday to forgive its pre-invasion debts, urging others to follow the United Arab…
Most markets fall as traders hesitate ahead of Q1
By Matt Smith / Reuters DUBAI: Most Gulf Arab markets fell on Tuesday as an early-year rally gave way to consolidation, with investors now wanting to see if first-quarter results can…
Orascom Construction Q4 net falls more than expected
By Tom Pfeiffer / Reuters CAIRO: Egyptian group Orascom Construction reported a 34 percent drop in quarterly net income, missing expectations after being hit by debt restructuring and other charges. The…
Louvre unveils Da Vinci’s ‘last masterpiece’
By Emma Charlton / AFP The Louvre this week unveiled a newly-restored Leonardo Da Vinci masterpiece, the "Saint Anne," hoping to lay to rest an art world row that saw the…
Horror films rise from the dead in Malaysia
By Julia Zappei / AFP Haunted highways, an oil-smeared ghoul prowling villages for virgins, vampiress spirits thirsting for blood: Malaysia has an obsession with the supernatural rooted in age-old legends. Now…
Egypt’s economy likely to grow 1.6 pct in 2012/13 year
By Patrick Werr / Reuters CAIRO: Egypt's economic growth will remain relatively anemic in the coming fiscal year as political uncertainty drags on and the global outlook remains weak, but growth…
A wide assortment of cultural attractions in Abu Dhabi
By Joseph Fahim Of the various cultural festivals held in the Arab world, the Abu Dhabi Festival stands in a unique position. The vast majority of cultural events organized in the…