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Egypt

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  • The U.N. Office for the Coordination of Humanitarian Affairs said estimates show that over 121,000 people had been displaced inside Yemen since a Saudi-led coalition airstrike campaign targeting Shiite rebels began on March 26, with nearly half that number concentrated in the country's northwest. A combined force of Shiite rebels and security forces...

  • 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...

  • PARIS— Hackers claiming allegiance to the Islamic State group simultaneously blacked out 11 channels of a French global TV network and took over its website and social media accounts on Thursday, in what appeared to be the most ambitious media attack so far by the extremist group. France's interior minister, while counseling caution until investigators find...

  • SANAA, April 7- Warplanes from a Saudi-led air coalition on Tuesday bombed a military base in central Yemen controlled by Houthi fighters and their army allies, and a website of the Houthi-run defence ministry said two students were killed at a neighbouring school. Military sources said five bombs were dropped on the Republican Guard base near the city of Ibb,...

  • ADEN, April 6- Southern Yemeni militias backed by warplanes from a Saudi-led coalition attacked Houthi fighters across several provinces in south Yemen on Monday, driving the Shi'ite rebel forces from some of their positions, witnesses and militia sources said. The fighting has killed hundreds of people, cut off water and electricity supplies and led the...

  • Relief from outside appeared distant as the International Committee of the Red Cross told Reuters that it had yet to arrange a flight to deliver 48 tons of medical supplies despite gaining Saudi approval for the aid on Saturday night. The International Committee of the Red Cross, which for days blamed the Saudi-led coalition for delays, told Reuters on Monday...

  • Street fighting and heavy shelling has for several days torn through the city, the last bastion of support for Saudi-backed president Abd-Rabbu Mansour Hadi. Relief from outside appeared distant as the International Committee of the Red Cross told Reuters that it had yet to arrange a flight to deliver 48 tons of medical supplies despite gaining Saudi...

  • BEIJING, April 2- A Chinese Internet regulator on Thursday slammed as "unacceptable" a decision by Google Inc to no longer recognize its certificates of trust, a move which could deter Chrome browser users accessing sites approved by the authority. Last week CNNIC's certificates, which are used to ensure that the connection between an Internet user and a website...

  • CAIRO, March 31- The public tranche of Egyptian foodmaker Edita's secondary share issue on the Cairo bourse was 4.5 times oversubscribed, the company said in a statement on the stock exchange on Tuesday. The company launched a private institutional offering of shares on the Egyptian stock exchange and global depository receipts on the London Stock Exchange...

  • Syria taps world wheat market as stocks run down Monday, 30 Mar 2015 | 10:44 AM ET

    *Syria draws on strategic wheat reserves for bread programme. ABU DHABI/ LONDON, March 30- Weeks after Syria said it had no need for wheat imports, the government plans to import 150,000 tonnes and has introduced ways to conserve grain stocks in signs of the growing strain on food supplies from conflict in the country. Before the war, Syria kept annual strategic...

  • DUBAI, March 26- Top oil exporter Saudi Arabia and Gulf OPEC ally Kuwait will beef up security around their oil facilities, they said on Thursday, after they and other Arab allies began a military operation in Yemen. Oil prices rallied on Thursday after the air strikes in Yemen, on the borders of Saudi Arabia, sparking fears of a wider Middle East conflict that could...

  • *Kuwait, Oman biggest losers after closing at peak of sell-offs. DUBAI, March 26- Most Middle East stock markets fell on Thursday after Saudi Arabia and its allies in the region launched air strikes against Yemen's Houthi militia, but they came well off their lows late in the day as the initial panic subsided. Yemen's slide toward civil war has made the country a...

  • Investing in Egypt: Is it a secure choice?   Wednesday, 25 Mar 2015 | 10:00 AM ET
    Investing in Egypt: Is it a secure choice?

    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.

  • BP CEO: Egypt needs gas and power   Wednesday, 25 Mar 2015 | 10:00 AM ET
    BP CEO: Egypt needs gas and power

    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.

  • What the corporate world wants from Egypt   Wednesday, 25 Mar 2015 | 10:00 AM ET
    What the corporate world wants from Egypt

    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.

  • GENEVA, March 17- Nigeria and Ivory Coast are looking to emulate Senegal's successful move into the market for Islamic bonds, the head of the Islamic Corporation for the Development of the Private Sector told Reuters. Despite strong growth in the Middle East and Southeast Asia, Islamic finance has lagged in Africa, home to a quarter of the world's Muslims,...

  • CEOs on investing in Egypt   Monday, 16 Mar 2015 | 7:40 AM ET
    CEOs on investing in Egypt

    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.

  • Egypt open for business   Monday, 16 Mar 2015 | 6:00 AM ET
    Egypt open for business

    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

  • BP CEO: 'Painful time for oil industry'   Sunday, 15 Mar 2015 | 7:45 PM ET
    BP CEO: 'Painful time for oil industry'

    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.