Karim Abadir, founding member of the Free Egyptians Party, talks to CNBC about Egypt's failing economy, and the lack of any coherent plan.» Read More
WASHINGTON- Two senior White House aides knew weeks ago that a probe of the Internal Revenue Service had found that the U.S. tax agency had inappropriately targeted conservative groups, but did not tell President Barack Obama, a White House spokesman said on Monday.
WESTERLY, R.I.-- Seven months after Superstorm Sandy pummeled Rhode Island's southern shore, the great mounds of sand are gone, and the twisted metal and splintered wood hauled away, replaced by workers and backhoes as beachfront businesses hurry to complete repairs before the arrival of another New England summer.
NEW DELHI- India and China will study new ways to ease tensions along their ill-defined border, Chinese Premier Li Keqiang said on Monday in his first foreign trip since taking office, which comes just weeks after a military stand-off between the Asian giants in the Himalayas.
CAIRO, May 15- Egypt said on Wednesday it had settled disputes with the Dubai- based developer DAMAC involving projects dating back to the Mubarak era- an agreement the government hopes will reassure prospective investors.
"I've had enough of Sudan and will go to Saudi Arabia," said Taha. " Taha, who has been working in an office accounts department for two years because he could not find a professional post, has just been hired as an engineer by a construction firm in Saudi Arabia- a move that will increase his salary sevenfold to 2,500 Saudi riyals a month.
LONDON, May 14- Oil and gas group BG will focus on exploration, liquefied natural gas and selling or partnering more of its discoveries as part of a new emphasis on profitability after being forced to cut ambitious output targets.
*OCI NV to press ahead with plan held up by Egypt govt. OCI NV said on Tuesday it would offer holders of OCI's Egypt- listed shares the option of swapping them for OCI NV shares or a cash alternative of 255 Egyptian pounds per share.
LONDON, May 14- BG Group is to focus more tightly on oil and gas exploration, Liquefied Natural Gas, and bringing partners into projects at an early stage, in a bid to boost value per barrel after being forced to abandon ambitious output growth targets.
The company set the target in a strategy announcement, led for the first time by new chief executive Chris Finlayson, who took over this year as the company faces production challenges in Egypt and embarks on costly investments in Brazil and Australia.
Two contestants are from civil war-ravaged Syria, including a singer-composer whose bus was ambushed by gunmen en route to her audition and a music student who brought judges to tears with a song lamenting the devastation of his hometown of Aleppo.
ISTANBUL, May 11- The European Bank for Reconstruction and Development is considering ways to help small businesses in emerging Europe, including through direct lending, as the region suffers lacklustre growth, its president said on Saturday.
*Large economies of Russia, Poland, Turkey lead slowdown. ISTANBUL, May 10- Europe's development bank slashed its 2013 growth forecasts for emerging Europe and North Africa on Friday by almost a full percentage point, saying a sharp slowdown in Russia would drag down the regional economy. "It's really a story of three big countries- Russia, Poland and Turkey.
LONDON, May 9- Europe's development bank slashed its 2013 growth forecasts for emerging Europe and North Africa on Friday by almost a full percentage point, saying a sharp slowdown in Russia would drag down the regional economy.
LONDON, May 9- In a neighbourhood mired in recession or political turmoil, Turkey is hosting the region's development bank as a dynamic economic leader rather than a needy recipient.
*Dubai Group says expects to sign debt deal in weeks. DUBAI, May 9- The Dubai Group investment firm said on Thursday it expected a $10- billion restructuring of its debt within weeks, sealing the Gulf emirate's recovery from a financial crisis that brought it to the brink of default.
*Dubai Group not expecting to sell assets in 2013. DUBAI, May 9- Dubai Group, an investment vehicle owned by the emirate's ruler, will become an independent company after its planned $10 billion debt restructuring, a top official said.
*Dubai Group not expecting to sell assets in 2013. DUBAI, May 9- Dubai Group, an investment vehicle owned by the emirate's ruler, will be spun off as an independent company with creditors owning an equity stake after its planned $10 billion debt restructuring, a top official said.
*Last big debt restructuring related to Dubai's crisis. DUBAI, May 8- Dubai Group, an investment vehicle owned by the emirate's ruler, aims to secure a final agreement with creditors on its $10 billion debt restructuring by June 6, potentially ending marathon negotiations that have dragged on nearly three years.
TUNIS, May 8- Tunisia is struggling with rising inflation, a big external deficit and an uncertain political outlook. These obstacles did not deter local businessman Mohamed Frikha from launching an initial public offer of shares in his fledgling carrier Syphax Airlines last week. The IPO, which will run until May 20, aims to raise 25 million dinars.
*Abu Dhabi zone may compete with Dubai in all areas. ABU DHABI/ DUBAI, May 8- For a decade, Dubai has prospered as the Middle East's top financial centre, handling tens of billions of dollars of oil wealth.