The U.S. Airbus plant is opening in Alabama, and two men on a motorcycle were attacked by an elephant, reports CNBC's Sharon Epperson.» Read More
Indonesia has imposed a ban on any more of its domestic helpers from working in 21 Middle Eastern countries, but will the move backfire?
*CEO Mike Coupe found guilty of embezzlement by Egypt court. Chief Executive Mike Coupe attended a court hearing in Giza last Sunday to try to overturn the conviction which related to the collapse of an Egyptian business which Sainsbury's had invested in over a decade ago. "We are aware of media coverage today outlining a legal case in Egypt brought against our...
*Yemen faces mounting humanitarian crisis. LONDON, April 27- Yemen is facing mounting problems bringing in food by sea as the danger from fighting between Houthis and government supporters is exacerbated by an arms blockade by Saudi-led coalition navies searching ships for weapons destined for the rebels. The Arabian peninsula's poorest country, Yemen...
CAIRO, April 26- Egypt's currency black market, a thorn in the side of successive governments, has virtually disappeared in the past two months following a central bank crackdown. The black market had flourished as a slump in tourism and investment since the overthrow of Hosni Mubarak in 2011 limited supply of hard currency-- undermining an image of relative...
The trade, known as Alexandria, is at the heart of a scandal that rocked Monte dei Paschi in 2012 just as it was being hit hard by the euro zone debt crisis. The bank emerged as the weakest lender in a Europe- wide review of lenders last year and has been told by the European Central Bank to close the Alexandria trade because its exposure to Nomura breaches regulatory...
CAIRO- Central Bank of Egypt holds Monetary Policy Committee Meeting- 0100 GMT. BANGKOK- Bank of Thailand holds Monetary Policy Committee meeting. MOSCOW- Central Bank of Russia announces interest rate decision- 1000 GMT.
WASHINGTON- World Bank President Jim Yong Kim speaks at the global philanthropy forum- 1500 GMT. CAIRO- Central Bank of Egypt holds Monetary Policy Committee Meeting- 0100 GMT. BANGKOK- Bank of Thailand holds Monetary Policy Committee meeting.
Dubai counting on security, money, international links. Dubai is launching a drive to become one of the Arab world's top centres for art, design, film and fashion- areas that have traditionally been dominated by old Arab cities outside the Gulf. But Dubai has advantages which the old cities can find it hard to provide: security, cosmopolitan lifestyles and...
MILAN, April 10- Italian bank Monte dei Paschi di Siena said on Friday it had overstepped regulatory limits with regards to its financial exposure to Japanese bank Nomura, in a surprise disclosure that could raise questions about whether the Italian lender's plans to raise capital and seek a buyer are on track. Monte dei Paschi di Siena, Italy's third largest...
The arrival of ISIS in Syria's capital threatens Syria's government and brings the group closer to some of the region's last stable countries.
Americans "need to understand just how important a threat Yemen can be," says one analyst.
According to the Associated Press, there will now be ground troops moving into Yemen from Saudi Arabia. More insight, with CNBC's Michelle Caruso Cabrera.
CNBC's Hadley Gamble catches up with former British Prime Minister Tony Blair and asks him about his views on where Egypt is heading. He adds that he's "pretty optimistic" about the country -- despite its challenges.
CNBC talks to business leaders about their investment plans for Egypt and what the country needs to do right now. Bob Dudley, CEO of BP, says Egypt needs gas and power.
For Egypt to rebuild and thrive, more has to be done in the country. CNBC's Hadley Gamble talks to Ibrahim Mahlab, Egypt's Prime Minister, and asks him about the investment strategy for the country.
With more to be done in Egypt, what does the corporate world think needs to happen next? Mustafa Abdel-Wadood, Partner at The Abraaj Group, says that the government has shown it has a strategy, now they need to execute it.
At Egypt's international economic conference, Hadley Gamble asks leading CEOs from around the globe about their thoughts on investing in Egypt, including Joe Kaeser, CEO of Siemens.
Mustafa Abdel-Wadood, board member & chairman of the management executive committee at The Abraaj Group, talks about the opportunities going forward in Egypt, however, there's a huge shortfall in energy in the country
Bob Dudley, CEO of BP, says the plunge in oil prices is a "huge shock" and will mean a "very painful" period for the oil and gas industry ahead.
The crash in crude prices has some governments taking a hard look at costly subsidies that have kept gas pump prices artificially low.