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Leaders of the five BRICS nations plan to create a development bank in a direct challenge to the World Bank that they accuse of Western bias. The bank would use $50 billion of seed capital shared equally but dominated by China.
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CAIRO, April 3- After buying gold plates for 100,000 Egyptian pounds, Naer Wahid is considering whether to use the rest of his savings to acquire, with his sisters, an apartment or plot of land outside Cairo.
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*Medical tourism on the rise in Turkey. ISTANBUL, April 3- Sitting in a private clinic in an upscale neighbourhood of Istanbul, Saleh, a human resources executive from Qatar, is preparing to leave Turkey with a smile on his face and more hair on his head.
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Rebecca Martin of the U.S. Centers for Disease Control and Prevention. "We have a chance now, with the fewest cases in the fewest places," she said, joining officials from the World Health Organization, Gates Foundation and Rotary International to discuss the strategy that will be finalized later this month.
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ABU DHABI, April 3- National Bank of Abu Dhabi named the banker who led Australia and New Zealand Banking Group's push into Asia as its chief executive on Wednesday, as it expands abroad from its saturated local market.
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*Plentiful coffee from previous Brazil crop-Licht. May raw sugar futures edged down 0.02 cent or 0.1 percent to 17.57 cents a lb by 1119 GMT, just above Tuesday's 2-1/ 2 year low of 17.50 cents. "Big crops in Thailand, India and Mexico, and the favourable weather in Brazil suggesting a good crop there: all of these factors suggest general bearishness."
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JERUSALEM- Israel pressed Hamas on Wednesday to rein in rocket-firing militants in the Gaza Strip after the most serious outbreak of cross-border hostilities since a ceasefire ended an eight-day war in November.
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*Silver falls to 7-1/ 2 month low. LONDON, April 2- Gold fell to a 2-1/ 2 week trough on Tuesday, moving down with other precious metals due to a session high in the dollar index and better appetite for assets seen as higher risk, such as European stocks.
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LONDON, April 2- Raw sugar futures on ICE eased to a 2-1/ 2 year low on Tuesday on expectations of a bumper crop from top producer Brazil as its harvest got under way. ICE arabica coffee was lower, also under pressure from ample Brazil supplies, while cocoa was steady.
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*Changes expected in dysfunctional Vatican administration. VATICAN CITY, April 2- Pope Francis, who has said he wants the Catholic Church to be a model of austerity and honesty, could restructure or even close the Vatican's scandal-ridden bank as part of a broad review of its troubled bureaucracy, Vatican sources say.
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PERTH, April 2- Exxon Mobil and BHP Billiton are planning to build the world's largest floating liquefied natural gas processing and export plant off the northwestern shore of Australia, despite growing concerns about the cost competitiveness of the country's LNG projects.
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LONDON, April 2- Gold held below $1,600 an ounce on Tuesday as a slightly brighter-than-expected reading of euro zone manufacturing activity lifted stock markets, diverting interest from bullion.
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*Naval planner says suitable system to cost $700 million. ASHDOD, Israel, April 1- Israel's huge new offshore gas resource offers its enemies an obvious target and gives its navy, long overshadowed by other branches of the Israeli armed forces, a big job that will require extra spending.
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*Moussa, Abolghar both say Egypt needs the loan. CAIRO, April 2- Egypt predicts a speedy conclusion to talks with the International Monetary Fund on a $4.8 billion loan that will help save its economy from crisis.
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*Portugal faces stiff competition for foreign investment. TORRES VEDRAS, Portugal, April 1- For Portugal to succeed in ambitions to reindustrialise its shrinking, debt-laden economy, it will not be down to the revival of mass manufacturing but to the sprouting of high-tech start-ups such as UAVision.
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SEOUL- South Korea will strike back if the North stages any attack on its territory, the new president warned on Monday, as tensions ratcheted higher on the Korean peninsula amid shrill rhetoric from Pyongyang and the U.S. deployment of radar-evading fighters.
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*Attack reflects challenge of securing Mali. The French-led offensive in Mali has pushed a mix of Islamists out of their northern strongholds and remote mountain bases but the militants have hit back with several suicide attacks.
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BANGUI, March 30- Central African Republic's new leader Michel Djotodia, facing international isolation after seizing power, said on Saturday he would not take reprisals against rivals and called on those who fled abroad to return.
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JOHANNESBURG, March 30- South African President Jacob Zuma will attend a summit of central African heads of state in Chad on Wednesday which will consider responses to the rebel takeover in Central African Republic.
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*Benin says Bozize has requested asylum. BANGUI, March 29- Central African Republic's new President Michel Djotodia, who seized power last week, said on Friday he would review resource deals signed by the previous government and promised to step down at elections in 2016..
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BANGUI, March 29- Central African Republic's new President Michel Djotodia, who seized power last week, said on Friday he would review resource deals signed by the previous government and promised to step down at elections in 2016..