Nabil Fahmy, Egypt's foreign minister, says America's influence in the Middle East will diminish if it fails to engage with the region¿s problems.» Read More
GENEVA-- Switzerland has blocked almost 1 billion Swiss francs linked to rulers in four Arab Spring nations, a senior government official said Tuesday.
--U.S. river cruise operator Viking Cruises Ltd. plans to issue $250 million in senior notes. On Oct. 9, 2012, Standard& Poor's Ratings Services assigned Woodland Hills, Calif.- based river cruise operator Viking Cruises Ltd. its' B+' corporate credit rating.
The U.S. has pledged $50 million, Britain $25 million, Saudi Arabia $25 million and Japan and France $12 million each. The group also announced that Yemen was joining the Arab Spring countries participating in the Deauville Partnership, which also include Egypt, Tunisia, Jordan, Morocco and Libya.
The money came on the initiative of the " Deauville Partnership," which was formed after uprisings last year in Tunisia, Egypt and Libya ended decades-long dictatorships. The partnership includes the Group of Eight major nations as well as oil producers from the Middle East, including Saudi Arabia and Kuwait.
TOKYO, Oct 12- Japan will contribute $12 million over a three-year period to a World Bank fund supporting economies affected by the Arab Spring uprisings, Finance Minister Koriki Jojima said on Friday.
CAIRO, Oct 12- Egypt has no foreign military bases on its soil and has no plans to downsize its armed forces, said the military spokesman, rejecting media reports claiming so.
CAIRO, Oct 11- EFG-Hermes Chairwoman Mona Zulficar said on Thursday that the firm expects Egypt's financial regulator to approve the creation of an investment bank with QInvest next week.
KUWAIT/ RABAT, Oct 11- Morocco's King Mohammed is to make a rare official tour of Gulf Arab countries later this year as his cash-strapped government seeks alternatives to its crisis-hit European trade partners. The monarch will also travel to Saudi Arabia, the United Arab Emirates, Kuwait, Bahrain, Qatar and Oman, Jarallah said.
KUWAIT, Oct 11- Morocco's King Mohammed plans to tour Gulf Arab countries in the next few weeks to discuss investment and bilateral relations, a senior Kuwaiti official said on Thursday. King Mohammed will travel to countries in the Gulf Cooperation Council, which comprises Saudi Arabia, the United Arab Emirates, Kuwait, Bahrain, Qatar and Oman, Jarallah said.
*Euro crisis has hit Morocco hard. KUWAIT/ RABAT, Oct 11- Morocco's King Mohammed will make a rare tour of Gulf Arab countries before the end of the year as his cash-strapped government tries to drum up investor interest in a sovereign bond.
LOS ANGELES, Oct 10- A California man linked to an anti-Islam film that stoked violent protests in the Muslim world denied on Wednesday that he had violated his probation on a bank fraud conviction, and he was sent back to jail until his case can be heard on its merits.
LOS ANGELES, Oct 10- A California man linked to an anti-Islam film that stoked violent protests in the Muslim world denied on Wednesday he had violated his probation on a fraud conviction, and was sent back to jail until his case can be heard on its merits.
Conservative lending rules and red tape have long been blamed for holding back development of the mortgage sector in Egypt. Mortgage lending is equivalent to less than half a percent of gross domestic product in Egypt, compared to 13 percent in Morocco, according to a 2011 report on Africa housing by FinMark Trust, a body mainly funded by British government aid.
*Rare chance for Sudan to meet Western firms. *Sudan and South came close to war in April. VIENNA, Oct 10- Sudan and South Sudan pledged to work together to rebuild their shattered economies and not to return to war in a joint plea for foreign investment after signing a critical trade and border agreement last month.
CAIRO, Oct 10- Egyptian stocks seem unlikely to resume this year's world-beating rally until the government shows how and when it will begin cutting fuel subsidies to rein in the budget deficit and secure a $4.8 billion IMF loan. A surge of more than 50 percent in Egypt's main share index.
*Tunisia plans to issue first sovereign sukuk next year. TUNIS, Oct 10- After decades of secular rule, Tunisia's government aims to develop Islamic banking in the country, but some suspect the government's motives are more political than economic: it wants to win the support of voters. But as the controversy in Tunisia shows, there are political complications.
*Egypt's Grand Mufti denounces edicts. *Muslim Brotherhood under pressure to take a clearer line By Shaimaa Fayed and Yasmine Saleh. Egypt's media, once tightly controlled by the state, has become a free-for-all platform for ideas, theories and advice, which can range from the ignorant to the bizarre and to what some see as outright dangerous.
By Shaimaa Fayed and Asma Alsharif. CAIRO, Oct 10- Business leaders voiced frustration with Egypt's government at an investment conference in Cairo this week, where officials pledged to revive an economy battered by political turmoil but offered few details on policy.
CAIRO, Oct 10- Egypt's financial regulator said on Wednesday it would decide next week on whether to approve plans by Egypt's biggest investment bank EFG-Hermes to tie up with Qatar's QInvest.
*Canaccord Genuity raises centamin Egypt target price to C $2 from. Reuters Station users, click. 1568. Reuters Station users, click. 4899.