As the U.S. reduces its military budget, Jim Cramer sees allied countries are arming themselves. This is good news for one group of stocks.» Read More
*Shares in Emaar Malls Group rise 12.1 pct on Dubai bourse debut. DUBAI, Oct 2- Dubai's Emaar Properties plans to float its Egyptian unit in about June 2015 and may also take its hotels subsidiary public after the successful listing of its malls and retail business, the company's chairman said on Thursday. Emaar, Dubai's largest listed property developer, sold a...
*Sisi hails Suez Canal expansion as flagship project. CAIRO, Sept 30- In his first 100 days in office, Egyptian President Abdel Fattah al-Sisi has made a fast start on economic reform: slashing costly fuel subsidies, raising taxes and devising infrastructure projects to secure long-term revenues and ease unemployment.
DUBAI, Sept 29- Dubai's Emaar Properties has priced the initial share sale of its malls business at the top end of the proposed range, marking another milestone in the return of investor confidence in the Gulf Arab state after the financial crisis.
CAIRO, Sept 28- Egypt plans to invest $14.5 billion in developing its refining and petrochemicals sectors over the next five years, its oil minister said, as part of efforts to overcome an energy crisis that has led to near-daily power cuts and hit company profits.
The market is fixed on Alibaba's IPO, but there's another emerging middle class creating an e-commerce giant—and in the land of Ali Baba.
DUBAI, Sept 16- The opening of Saudi Arabia's stock market to direct foreign investment early next year is set to coincide with a pick-up in earnings growth in the kingdom, which has lagged the region in the past few years.
CAIRO, Sept 15- Egypt's tourism industry, battered by three years of political upheaval, violence and street protests, could fully recover by the end of next year if regional turmoil does not spread to the Arab world's biggest country, the tourism minister said.
CAIRO, Sept 15- Egypt's tourism industry, battered by three years of political upheaval and street protests, could fully recover by the end of 2015 if current levels of stability persist, the tourism minister said.
SAN FRANCISCO/ WASHINGTON, Sept 12- Islamic State's Twitter users, which have trumpeted the group's violent acts and worldview on the social media service, have gone abruptly quiet in past days.
*Cash-strapped Gaza under Israel- Egypt blockade. *Political infighting may impede Gaza recovery. GAZA/ NAHAL OZ, Israel, Sept 12- Fifty days of war in one of the most densely populated parts of the world have left swathes of Gaza in ruins.
GAZA/ JERUSALEM, Sept 10- Tensions between Fatah and Hamas, the two main Palestinian parties, are close to breaking point over the non-payment of salaries to Gaza's public sector workers, raising the risk of a return to conflict in the territory, officials say.
The missing tank—filled with $100 million of disputed oil—is the latest development in a risky game of cat-and-mouse between Baghdad and the Kurds.
Ahmed Heikal, chairman of Qalaa Holdings, one of the companies taking part in the expansion of the Suez Canal, says the project will be delivered on time.
Founded in Gaza in 1987, Hamas now stretches across region. JERUSALEM/ GAZA, Aug 25- Founded by just seven people in Gaza, Hamas now has political and military leaders spread across the Arab world, complicating its ability to send a unified message for negotiating an end to a seven-week war with Israel.
BENGHAZI, Libya/ CAIRO, Aug 25- The Libyan parliament that was replaced in an election in June reconvened on Monday and chose an Islamist-backed deputy as prime minister, leaving the chaotic country with two rival leaders and assemblies each backed by armed factions.
CAIRO/ BENGHAZI, Aug 25- Libya wants the international community to help protect its oilfields, airports and other state assets as it is too weak to stop armed groups fighting for control, its ambassador in Cairo said on Monday.
LIBYA IS UNABLE TO PROTECT OILFIELDS AND OTHER STATE ASSETS, NEEDS FOREIGN HELP- LIBYAN AMBASSADOR IN CAIRO.
Aug 21- For other related diaries, please. NEW DELHI- Indian Finance Minister Arun Jaitley will attend a banking event in New Delhi. NEW DELHI- RBI Deputy Governor Rama Subramaniam Gandhi will participate in a panel discussion on G20- 0830 GMT.
NEW YORK, Aug 19- Brent crude prices fell to a 14- month low on Tuesday, giving up early gains as recovering Libyan output, sustained Iraqi production and weak demand offset concerns about threats to supply.
JERUSALEM, Aug 19- Israel launched attacks in the Gaza Strip on Tuesday and recalled its negotiators from truce talks in Cairo after saying three Palestinian rockets had hit southern Israel, hours before a ceasefire was due to expire. A Reuters correspondent saw an Israeli plane fire a missile east of Gaza City.