Egypt
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Karim Abadir, founding member of the Free Egyptians Party, talks to CNBC about Egypt's failing economy, and the lack of any coherent plan.
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*One in three people deemed in need of help in Syria. GENEVA, May 7- Bureaucratic hurdles still hamper delivery of aid in Syria where nearly one in three people need help, half of them children, the United Nations said on Tuesday.
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*Little sign of pull-back in Dubai, Abu Dhabi. DUBAI, May 7- Egypt's bourse rose to an eight-week high on Tuesday as corporate news lifted sentiment, while Saudi Arabia's bourse slipped for a third straight session in an otherwise positive regional picture.
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*Announces three new oil and gas discoveries in Egypt's western desert,. extends production base across vast concession areas. *Discoveries include the nrq 3151-1 x, an alamein basin discovery located in.
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By Tom Perry and Yasmine Saleh. CAIRO, May 7- Egyptian President Mohamed Mursi increased the influence of his Muslim Brotherhood over government in a cabinet reshuffle that replaced two ministers involved in crucial talks with the IMF over a $4.8 billion loan.
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CAIRO, May 7- Egypt said it expected crude oil imports to start arriving next month after Libya and Iraq agreed to make shipments to help Cairo weather an economic crisis. Iraq said during a visit by Egypt's Prime Minister Hisham Kandil to Baghdad in March that it had agreed to supply Egypt with 4 million barrels of oil per month.
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CAIRO, May 7- Egypt said on Tuesday it is expecting crude oil to start arriving next month from Libya and Iraq after those countries agreed to the shipments to help Cairo weather an economic crisis.
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*Egypt seeks much-needed $4.8 bln IMF loan. By Tom Perry and Yasmine Saleh. CAIRO, May 7- Egyptian President Mohamed Mursi increased the influence of his Muslim Brotherhood over government in a reshuffle that replaced two ministers involved in crucial talks with the International Monetary Fund over a $4.8 billion loan.
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CAIRO, May 7- Egypt's Prime Minister Hisham Kandil will remove Finance Minister Al-Mursi Al-Sayed Hegazy in a reshuffle expected to be completed later on Tuesday, a cabinet source said. Hegazy is expected to be replaced by Fayyad Abdel Moneim, the source said, giving no further details.
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LONDON, May 7- CPC Blend weakened on Tuesday under pressure from falling refining margins and Russia's Urals crude swaps also showed the grade might loose its strength soon.
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INTERNATIONAL/REGIONAL* GLOBAL MARKETS-Asian shares steady on higher Wall Street* Oil rises to over $105 per barrel on Mideast tensions* MIDEAST STOCKS-Dubai, Kuwait rally pauses; Gulf mkts mixed* Turkish markets mixed as lira rise signals more rate cuts* Gold ticks lower as equities gain, ETFs plunge* Israel says' no winds of war' despite Syria air strikes* Bombs, mosque attack kill 17 in Iraqi capital- police* Kerry to' make another stab' at Syria deal with Russia* UN distances self from report Syrian rebels used nerve gas* Influential U.S. senator offers bill to arm Syria rebels* Iran presidency candidates to step forward, finally.
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CAIRO, May 6- The Egyptian prime minister said on Monday that 11 ministers would be changed in a cabinet reshuffle that is expected to include the ministry of petroleum but will fall short of opposition demands for a complete overhaul.
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DUBAI, May 6- Here are factors that may affect Middle East stock markets on Monday. *Gulf airlines prepare for Boeing's 777 X offering* Gold holds near 2- week high; equities weigh* Libyan parliament bans ex-Gaddafi officials from office* UN warns against escalation after Israeli strikes in Syria* Syrian Sunnis flee coastal town after night of killing.
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BEIRUT, May 6- United Nations Secretary-General Ban Ki- moon warned against escalating a fraught situation in Syria after Israel struck targets near Damascus on Sunday, targeting what its officials said were Iranian missiles bound for Hezbollah militants.
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DUBAI, May 5- Islamist-ruled Egypt is open to visitors who drink alcohol and wear bikinis as it sets out to boost numbers by at least a fifth this year, the tourism minister said on Sunday. "Bikinis are welcome in Egypt and booze is still being served," Zaazou, speaking in English, told a news conference during a visit to the United Arab Emirates.
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DUBAI, May 5- Islamist-ruled Egypt is open to visitors who drink alcohol and wear bikinis as it sets out to boost numbers by at least a fifth this year, the tourism minister said on Sunday. "Bikinis are welcome in Egypt and booze is still being served," Zaazou, speaking in English, told a news conference during a visit to the United Arab Emirates.
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CAIRO, May 5- The Egyptian cabinet will be reshuffled by the end of the week, a state-run newspaper reported, pointing to a delay in efforts to revamp a government widely criticised for failing to get the economy moving and to conclude a much-needed IMF loan deal.
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0847 GMT- Shares in Abu Dhabi energy firm Dana Gas. Abu Dhabi's benchmark index climbs 0.7 percent to 3,303 points. Dana Gas is already quite advanced in doing the preparatory work, legal and accounting, regulatory and financial, "he said at that time.
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DUBAI, May 5- Here are factors that may affect Middle East stock markets on Sunday. *Israel bombs Hezbollah- bound missiles in Syria- official EGYPT* Egyptian billionaire Sawiris returns home to warm welcome* Tear gas fired as Egyptian Islamists target security HQ* Court jails supporters of black-clad Egypt protest group.
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CAIRO, May 4- Egypt hopes to lower its budget deficit to 5.5 percent in the 2016-1017 fiscal year from 10.7 percent in 2012/ 13, the finance minister told Egypt's Al-Ahram daily newspaper on Saturday.
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CAIRO, May 4- Egypt hopes to lower its budget deficit to 5.5 percent in the 2016-1017 fiscal year from 10.7 percent in 2012/ 13, the finance minister told Egypt's Al-Ahram daily newspaper on Saturday.