Andrew Stevens, Group CEO at Commercial Bank, talks to CNBC about their plans to buy a 70.8 percent stake in Turkish lender, Alternatif Bank.» Read More
Jan 9- Boeing Co rolled out the Dreamliner's chief engineer to try to quell concerns about the new jet following three mishaps in as many days, including an electrical fire that caused severe damage to a plane.
CAIRO, Jan 9- The Egyptian pound slid to a new record low on Wednesday, only a day after Qatar threw Cairo an economic lifeline by sending $2.5 billion in aid to help it tackle a currency crisis.
*Raising passenger traffic key to Dubai's economic future. DUBAI, Jan 9- With the opening of a huge new airport terminal in Dubai this week, the wealthy emirate's economic future became more closely intertwined with the world's biggest passenger jet.
*Foreign funds net buyers of stocks as crises worsen. DUBAI, Jan 9- A currency crisis, political turmoil and an economic policy-making vacuum are not usually favourable conditions for a stock market bull run but one is underway in Egypt nonetheless.
CAIRO, Jan 9- The Egyptian central bank reduced the size of its daily foreign currency auctions on Wednesday, a day after Qatar threw Egypt an economic lifeline by sending $2.5 billion in aid to help it get a currency crisis under control. Analysts say the Qatary money gives Egypt breathing space and to prevent a disorderly fall in the currency.
ZAGAZIG, Egypt, Jan 9- These days, craftsmen, shopkeepers and other inhabitants of the Egyptian Delta town of Zagazig are often too busy making ends meet to ponder why life seems to be getting harder every day.
*Egypt rocked by rush for dollars after political turmoil. *Egypt, Qatar agree to speed up $18 bln in delayed projects. CAIRO, Jan 8- Qatar threw Egypt an economic lifeline on Tuesday, announcing it had lent Egypt another $2 billion and given it an extra $500 million outright to help control a currency crisis.
Aramco increased the premium on its main Arab Light grade to $3.45 a barrel over regional benchmark Oman/ Dubai crude for February, up from $3.30 in January.
*Italy and Germany helped fund program. Officials with Lockheed and the MEADS International consortium, which includes partners from Italy and Germany, on Monday said they were "cautiously optimistic" that U.S. lawmakers would reach a compromise to allow funding for the final year of development on the missile defense program.
ALGIERS, Jan 5- Turkey will discuss building a liquefied natural gas terminal with Qatar on its Aegean coast to help meet rising domestic needs and as Turkey's role as an energy supplier to Europe grows, Energy Minister Taner Yildiz said on Saturday.
NEW YORK, Jan 3- Al Jazeera's announced plans to establish a new U.S. cable news channel via the purchase of Current TV isn't even 48 hours old and already it finds itself in a vicious battle to retain distribution rights.
Al Jazeera said on Wednesday it will buy Current TV, the struggling cable channel founded by Al Gore and partners, in a move that will boost the Qatar-based broadcaster's footprint in the United States.
*Deal opens 40 mln U.S. households to Qatar- based channel. *Time Warner drops carriage deal. LOS ANGELES/ NEW YORK, Jan 2- Al Jazeera said on Wednesday it will buy Current TV, the struggling cable channel founded by Al Gore and partners, in a move that will boost the Qatar- based broadcaster's footprint in the United States.
LOS ANGELES, Jan 2- Qatar- based Al Jazeera news channel said on Wednesday it will buy Current TV, the low-rated cable channel founded by Al Gore and Joel Hyatt in 2005, in a move that will boost its U.S. footprint.
LOS ANGELES, Jan 2- Qatar- based Al Jazeera news channel said on Wednesday it will buy Current TV, the cable channel founded by Al Gore and business partner Joel Hyatt in 2005, for undisclosed terms.
OSLO, Jan 2- An agreement by almost 200 nations to curb rising greenhouse gas emissions from 2020 will be far more costly than taking action now to tackle climate change, according to research published on Wednesday.
BAGHDAD, Jan 2- An advertisement for Iraq's stock exchange, running in local newspapers over recent weeks, poses the question: "How can I invest in shares?" Investors will get a chance to buy into the country's oil-fuelled economic boom this month as Asiacell seeks to raise at least $1.35 billion by floating 25 percent of its share capital on the Baghdad stock market.
DUBAI, Jan 2- When U.S. banking giant Citigroup Inc moved one of its top bankers, Alberto Verme, to Dubai in 2008, it was a sign of international banks' ambitions to tap economic growth in the oil-rich region.
*European, U.S. instability pushes investors toward Africa. DUBAI, Jan 2- Wealthy Gulf Arab companies are boosting their investment in Africa's vast lands and untapped resources, marking a shift for investors who have traditionally directed their money towards assets in the United States and Europe.
AMMAN, Dec 23- In Syria's eastern town of Deir al-Zor, a rebel commander flush with cash was swapping his dollars for Syrian pounds to pay fighters battling President Bashar al-Assad's forces.