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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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.
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SYDNEY, May 4- Australian livestock exporters said on Saturday they were suspending live cattle exports to Egypt after a graphic video purportedly showed animal cruelty in Egyptian abattoirs and prompted Canberra to launched an investigation.
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Authorities also lifted a travel ban against the brother, Nassef, chief executive of Orascom Construction Industries and their father Onsi, founder of the family's empire, Orascom Group. OCI is Egypt's biggest listed company and the Orascom Group is the country's largest private employer.
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*Says Australia, Brazil projects on track. *Q1 earnings $1.183 bln vs consensus of $1.098 bln. BG's chief executive Chris Finlayson, who took over from long-serving Frank Chapman at the end of 2012, said that a $20.4 billion project in Australia, QCLNG, was on track to start-up next year and added that oil developments in Brazil were also going to plan.
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*Blue-chip Qatar firms expanding around Middle East. Blue-chip bond issuers such as Qatar National Bank and telecommunications operator Ooredoo, formerly known as Qatar Telecom, are leading the M&A drive.
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TOKYO, May 2- Japan's AOC Holdings said on Thursday its upstream unit, Arabian Oil Co, has agreed to sell the entire stake in its Norwegian operations to Kuwait Foreign Petroleum Exploration Company.
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CAIRO, May 2- Ezz Steel, Egypt's biggest steel maker, said its 2012 net profit fell by more than half from the previous year to 250.4 million Egyptian pounds.
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0836 GMT- Egypt's large-cap Orascom Construction Industries. The settlement with the Egyptian Tax Authority should pave the way for OCI to go ahead with a plan for its Dutch-listed parent company to publicly tender for OCI shares listed on the Egyptian stock exchange, OCI said.
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CAIRO, May 2- Shares of Egyptian investment bank EFG Hermes dropped 5.5 percent at the opening of trade on Thursday after its planned tie-up with Qatar's QInvest failed on Wednesday. EFG agreed a year ago to spin off part of its assets to create an investment bank with operations spanning the Middle East, Africa and Turkey.
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LONDON, May 2- British oil and gas company BG Group, under pressure after a series of setbacks, delivered better-than-expected quarterly earnings on Thursday and gave reassurance that its huge growth projects were on track.
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DUBAI, May 2- Here are factors that may affect Middle East stock markets on Thursday. *UPDATE 8- Brent crude drops below $100 on weak data from China, US.
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CAIRO, May 2- A limited cabinet reshuffle will see six ministers replaced in Egypt, state newspaper al-Ahram said on Thursday, citing government sources.
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LONDON, May 1- Global consumer confidence rose in the first quarter, with a marked increase in sentiment in the United States, Japan and northern Europe, a survey showed on Wednesday. Indonesia overtook India as the most optimistic consumer market globally, according to the survey by global information and insights company Nielsen.