Mobinil not aware of any share swap plan
CAIRO: Egypt's Mobinil, part owned by telecoms tycoon Naguib Sawiris, said on Wednesday it had no knowledge of any proposal by France Telecom to swap its shares in a Swiss…
EU bans new investment in Syrian oil
BRUSSELS: European Union governments banned European firms from making new investments in Syria's oil industry and added several new entities and two individuals to a sanctions list on Wednesday. The…
Mohamed Omran named new head of Egypt’s stock exchange
CAIRO: Egypt appointed a new chairman for its stock exchange Wednesday, with Mohamed Abdel Gawad Omran replacing Mohamed Abdel Salam. A Cabinet decision to appoint Omran, who was previously deputy…
ANALYSIS: Turkey’s tough foreign policy talk may backfire
ANKARA: Turkey's threats to send warships to gas fields in the eastern Mediterranean mark a new projection of Ankara's growing power in the region, challenging Cyprus's drilling plans and casting…
Al-Jazeera shake-up may signal shift for Qatar Inc
DUBAI: Al-Jazeera — the island — has become less of an island. It isn't entirely clear why Wadah Khanfar resigned as the director of the Qatari state-owned and funded network…
Al-Jazeera director announces resignation
CAIRO: The Al-Jazeera satellite TV channel announced Tuesday that its director has stepped down after serving the network for eight years. Wadah Khanfar's resignation follows release of documents by Wikileaks,…
Social unrest, oil prices pressure MENA economies: IMF
WASHINGTON: The International Monetary Fund said Tuesday that social unrest and oil prices fluctuations were causing large uncertainties in the economies of the Middle East and North Africa. It slightly…
Arab League body wants to suspend Syria, Yemen membership
CAIRO: An Arab parliamentary body called on Tuesday for suspending the membership of Syria and Yemen in the Arab League to put pressure on the two countries to heed popular…
G8 pledges support for Arab Spring countries
NEW YORK: The world's major industrialized nations are promising concrete actions with a long-term political and economic impact to support Arab and North African countries as they put in place…
Orascom Telecom dips after Algeria comment
CAIRO: Shares in Egypt's Orascom Telecom as much as 3.9 percent in early trade on Wednesday after an Algerian source said the Telecom Ministry had not yet receive any valuation…