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.» Read More
*Hamas leader in Cairo says group undecided over truce. GAZA/ JERUSALEM, July 15- Palestinian militants fired rockets at Israel on Tuesday after it agreed to an Egyptian proposal to end the week-old Gaza conflict, and a Hamas leader said the Islamist group was still undecided on whether to accept the ceasefire.
The pan-European FTSEurofirst 300 share index rose 0.1 percent, with benchmark indexes in Frankfurt, Paris and London trading flat to 0.3 percent higher, held back by a weaker technology sector as Germany's Software AG fell 15 percent after cutting forecasts.
SEOUL, July 15- U.S. crude futures edged up to over $101 a barrel on Tuesday as intensifying conflicts in Libya and Iraq rekindled concerns of supply disruption from the two OPEC members and projections that last week's U.S. crude inventory fell.
Graeme Bannerman, Scholar at the Middle East Institute, says a ceasefire proposal from Egypt indicates an "international concern that the situation in Gaza is getting out of control."
Egypt looks quite stable when compared with the other tensions in the region. However, some new policies may have been implemented too soon, CNBC's Hadley Gamble reports.
The new Egyptian government is "very powerful and brave" says Naguib Sawiris, chairman of Orascom Telecom and Media, after it took unpopular decisions to deal with the weak economy
Naguib Sawiris, chairman of Orascom Telecom and Media, says that he's "very optimistic" about investing in Egypt.
The Middle East is in a "big mess" at the moment says Naguib Sawiris, chairman of Orascom Telecom and Media, criticizing U.S. strategy in the region.
SALLOUM, Egypt July 13- A few days before he was elected Egypt's president in May, Abdel Fattah al-Sisi discreetly visited tribesmen living along the border with Libya.
The 15- member body will meet at 10 a.m. on Thursday to discuss the violence that is building up to the most serious hostilities between Israel and Hamas militants in Gaza since an eight-day war in 2012..
*Gaza rockets hit deeper inside Israel. GAZA/ JERUSALEM, July 9- Israeli air strikes shook Gaza every few minutes on Wednesday, and militants kept up rocket fire at Israel's heartland in intensifying warfare that Palestinian officials said has killed at least 37 people in the Hamas- dominated enclave.
Mohamed Shoeib, managing director of the energy division at Citadel Capital, says subsidies provided to Egypt by countries such a Saudi Arabia are not the long-term solution to the country's energy problems.
*Dubai stocks rebound, Cairo hit with new tax. LONDON, July 2- Global shares advanced toward fresh highs on Wednesday after European markets tracked gains in Asia, with investors looking to see if U.S. employment figures continue a run of upbeat data that has driven Wall Street to record highs.
*Dubai stocks rebound, Cairo hit with new tax. LONDON, July 2- European shares rose on Wednesday after Asian shares hit a three-year peak, with investors looking to see if U.S. employment figures continue a run of upbeat data that has driven Wall Street to record highs.
DOHA, July 2- Al Jazeera, the Qatari-funded television station whose reporting of the 2011 Arab Spring uprisings won it millions of viewers in the Middle East, is defiant following a backlash by Arab governments that accuse it of supporting Islamists.
*Oil minister sees production from BP project in 2017. AL-ASEEL OIL FIELD, Egypt, June 26- Egypt's oil minister said on Thursday that BP's $10 billion gas project, stalled for three years, had restarted and that production would begin in 2017, a sign of progress in efforts to ease the worst energy crunch in decades.
CAIRO, June 25- A minor explosion wounded three people inside the Ezbet el Nakhla metro station in northern Cairo on Wednesday, Major General Alaa Abdel Zaher, the head of Cairo's bomb disposal unit, told Reuters.
CAIRO/ DUBAI, June 22- Saudi Arabia's Almarai, the Gulf's biggest dairy company, and U.S. soft drinks giant PepsiCo will invest at least $345 million in Egypt over the next five years, the Saudi firm said on Sunday.
Egypt's economy is suffering from record unemployment and one of the highest budget deficits in the region. Hisham Ezz Al-Arab, chairman of Commercial International Bank (CIB), lays out the country's challenges.
Hisham Ezz Al-Arab, CIB chairman responds to the recent hype around Islamic finance, and looks back at the first few weeks of Egypt's uprising in 2011.