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Egypt

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  • *Egypt bombs Islamic State targets in Libya. LONDON, Feb 16- Oil rose to near $62 a barrel on Monday, supported by concerns over the escalating conflict with Islamic State militants in Libya and predictions of lower supply levels in the second half of the year. Egypt's air force bombed Islamic State targets inside Libya on Monday and Cairo renewed calls for a...

  • Egypt 'clearing the way' for investment: President

    Egypt is "clearing the way for investment", the country's president Abdel Fattah el-Sisi says, as the country looks to bring its economy back on track.

  • We're fighting corruption: Egypt's President   Sunday, 15 Feb 2015 | 7:00 PM ET
    We're fighting corruption: Egypt's President

    Egyptian president Abdel Fattah el-Sisi, says the country is rapidly introducing structural reforms in order to attract foreign investment.

  • Egyptian president on vision of 'new Egypt'   Sunday, 15 Feb 2015 | 7:00 PM ET
    Egyptian president on vision of 'new Egypt'

    Egyptian president Abdel Fattah el-Sisi, says the "new Egypt" will be a country of peace and "civilization".

  • Egyptian president on country's currency   Sunday, 15 Feb 2015 | 7:00 PM ET
    Egyptian president on country's currency

    Egyptian president Abdel Fattah el-Sisi says the country is working hard to keep the pound at a "suitable value".

  • Egypt's decision to buy 24 of the Dassault Aviation fighters follows failures by successive French governments to sell the plane and leapfrogs three years of inconclusive talks for a 126- plane contract with India. Sisi has been looking to upgrade Egypt's military hardware over fears Islamist militias in neighboring Libya could take control and directly...

  • BRUSSELS, Feb 12- French President Francois Hollande said Egypt would order 24 Rafale fighter jets, a naval frigate and related military equipment in a deal to be signed in Cairo on Monday worth more than 5 billion euros. The contract would make Egypt, aiming to upgrade its military hardware amid fears the crisis in neighbouring Libya could spill over, the first...

  • *Cairo fears spillover from Libya conflict. PARIS, Feb 10- France is close to selling Dassault Aviation- built Rafale fighter jets to Egypt, sources close to the matter said on Tuesday, as Cairo looks to upgrade its military hardware over fears the crisis in neighbouring Libya could spill over. France and Egypt have been negotiating since a November state visit by...

  • Geopolitics: Russia makes its case   Tuesday, 10 Feb 2015 | 4:40 AM ET
    Geopolitics:  Russia makes its case

    As Russian president Vladimir Putin heads to Egypt, Chris Weafer, senior partner at Macro-Advisory says Putin's aim is to show everyone else that Russia is still relevant and a player in geopolitics.

  • *Tahrir Square site of largest protests in 2011 uprising. CAIRO, Feb 8- A circular patch of land in Cairo's central Tahrir Square poses a dilemma for the government: how to honour the epicentre of the 2011 popular uprising while pressing ahead with one of the fiercest crackdowns on dissent in Egypt's history? This is good, " Cairo Governor Galal Mostafa Saeed told...

  • ABU DHABI, Feb 5- Egypt's state grain buyer could soon announce tenders to buy wheat of U.S. origin only in order to make use of a $100 million credit line made available to it by the United States. Egypt's General Authority for Supply Commodities has been relying heavily on French and Romanian wheat purchases since Russia announced informal curbs on its wheat...

  • Next stop for Islamic finance… Africa? Wednesday, 4 Feb 2015 | 10:14 AM ET
    Jankara market, located on Lagos Island and the skyline of Lagos, Nigeria.

    The U.K. and Hong Kong opened their doors to Islamic finance with high-profile sukuk debuts in 2014. This year, Africa might create market waves.

  • HUSAYNAT, Egypt, Feb 4- At a remote spot in the Sinai desert last month, a commander of Egypt's most feared Islamist group outlined his hopes of toppling the country's government. "We will create an Islamic state in Egypt," he said. The militant said he was from the Ansar Bayt al-Maqdis group, which has killed hundreds of security forces since the military ousted...

  • CAIRO, Feb 1- A delegation from American oil firm Noble Energy is in Egypt for talks with the state gas company about importing Israeli gas to energy-starved Egypt, sources at the airport and the oil ministry said on Sunday. Israel's Delek Drilling, one of the partners in the field, said in November that if an agreement is signed, gas supplies to Egypt could start...

  • Does Egypt have a perception problem?   Thursday, 22 Jan 2015 | 11:10 AM ET
    Does Egypt have a perception problem?

    Abdel Fattah el-Sisi, president of Egypt says it is the media who "substantially contributing to creating the perception" and they must have an "enlightened perspective" on all that happens in Egypt.

  • Egypt President: 'This is the new Egypt'   Thursday, 22 Jan 2015 | 4:20 AM ET
    Egypt President: 'This is the new Egypt'

    At Davos, Abdel Fattah Al-Sisi, President of Egypt, says that the "new Egypt" is a civilised one, and says that terrorism is an issue that must be combated at its source.

  • *Oil's plunge boosts Egypt's economic prospects. *Global Telecom surges on Djezzy deal report. DUBAI, Jan 21- Low oil prices helped Egypt's stock index hit a 6-1/ 2- year closing high on Wednesday, as bets on property stocks and positive corporate news also buoyed sentiment.

  • *Saudi Telecom tumbles on Q4 earnings miss. DUBAI, Jan 20- Most Gulf stock markets closed either flat or lower on Tuesday as oil prices remained volatile and local companies delivered no positive fourth-quarter earnings surprises. However, the commodity's price rose above $49 per barrel later in the day, supporting Saudi Arabia's bourse which, unlike other Gulf...

  • *Qatar Islamic Bank falls despite strong results. DUBAI, Jan 19- Most Gulf equity markets pulled back on Monday as oil prices slipped again and negative fourth-quarter earnings weighed on Saudi Arabia's bourse. Saudi Arabia's main index slid 0.6 percent as petrochemicals giant Saudi Basic Industries fell 1.9 percent and Savola Group, the kingdom's biggest...

  • *Qatar National Bank drops after earnings miss. *Kuwait's Americana tumbles as sale falters. *Egypt extends gains on cheap oil, foreign investment hopes.