VTB Capital names Nomura’s Abboud as Mideast, Africa head
DUBAI: VTB Capital named Nomura Holdings' Makram Abboud as its chief executive officer for the Middle East and Africa, it said on Monday, in a bid by the Russian investment…
IMF team in Egypt for talks on possible $3.2 bln loan
CAIRO: An International Monetary Fund mission has arrived in Egypt for talks on a possible support package of $3.2 billion as the nation's economy reels from the effect of months…
Egypt tycoon gets retrial over singer’s death
CAIRO: An Egyptian court on Monday ordered a second retrial of property tycoon and ex-politician Hesham Talaat Moustafa, who is serving a 15-year sentence for his role in the murder…
RBS to sell Middle East M&A business
DUBAI: Part-nationalized Royal Bank of Scotland is in talks to sell its mergers and acquisitions business in the Middle East and cut some jobs as part of a global restructuring…
Egypt’s Orascom, Nasr City scrap Tigan cooperation
CAIRO: Egyptian group Orascom Development and local real estate firm Madinet Nasr Housing scrapped an agreement to cooperate in developing the Tigan real estate project, Orascom said on Monday. Swiss-based…
Egypt tourism earnings fall 30 percent in 2011
CAIRO: Revenues from Egypt's lucrative tourist industry dropped by 30 percent in 2011 due to unrest that rocked the country following the ouster of president Hosni Mubarak, the minister of…
Almost 3,000-year-old tomb of female singer found in Egypt
CAIRO: Swiss archaeologists have discovered the tomb of a female singer dating back almost 3,000 years in Egypt's Valley of the Kings, Antiquities Minister Mohamed Ibrahim said on Sunday. The…
Arabs should mull sending troops to Syria: Moussa
BEIRUT: The Arab League should consider sending troops to Syria as proposed by Qatar's emir, Amr Moussa, the bloc's former secretary general, said on Sunday. "This is a very important…
Nominations for Egypt president race open mid-April
CAIRO: Egypt will open nominations on April 15 for the first presidential election since Hosni Mubarak was ousted by a popular uprising last year, a member of the ruling army…
Judge releases activists without bail in Cabinet clashes
CAIRO: An Investigating judge released without bail Sunday three activists summoned as part of investigations in December clashes that left 19 dead and hundreds injured. Activist Nawara Negm, Imam of…