Egypt’s GASC buys 234,000 tons local, imported rice
CAIRO: Egypt's main state grain buyer, the General Authority for Supply Commodities (GASC), said on Sunday it had bought 234,000 tons of rice in a tender, adding that the rice…
Yield falls at Egypt 91-day T-bill auction
CAIRO: The average yield on 91-day Egyptian treasury bills declined at an auction on Sunday, but the yield on 273-day T-bills rose, the ministry of finance said on its website.…
Russian company signs up to develop Iran oil field
TEHRAN: Iran signed a deal reportedly worth up to $1 billion with Russia's Tatneft on Sunday to develop an oil field, a rare example of new foreign investment into the…
Qatar 2012 outlook positive but growth to slow: IMF
DUBAI: Qatar's economic growth will slow next year and it faces an increased risk of lower oil and gas prices due to weaker global demand, but the overall outlook for…
EasyJet CEO says no hit from euro zone crisis: paper
FRANKFURT: Low-cost airline EasyJet (EZJ.L) has felt no impact on its business from the ongoing debt crisis in the euro zone, its chief executive told a German newspaper. Asked whether…
Egypt annuls 1990s deal to sell state company
CAIRO: An Egyptian administrative court has ruled that the sale of a state-owned company more than 13 years ago was null and void, sparking fears that ownership of a large…
Kuwait emir sets parliamentary election for Feb. 2
KUWAIT: Kuwait's Emir Sheikh Sabah Al-Ahmad Al-Sabah on Sunday decreed that an early parliamentary election would take place on Feb. 2, the privately-owned Al-Rai television reported. The decision comes nearly…
Iraq foreign minister to lead Syria initiative
BAGHDAD: Baghdad's foreign minister will lead an Iraqi initiative to end months of unrest in Syria by holding talks with the Damascus regime, opposition groups and the Arab League, an…
Iran releases two Kuwaitis, says were not spies
TEHRAN: Iran has released two Kuwaitis held for a month, clearing them of spying, the semi-official Mehr news agency reported on Sunday. The arrests took place amid tense relations between…
Israel set to complete swap for captured soldier
JERUSALEM: Israel was wrapping up preparations to release 550 Palestinian prisoners late Sunday, in the second and final phase of a swap with Hamas insurgents that brought home an Israeli…