Saudi Arabia Transfers $1 Bln to Egypt: Faiza Abu el-Naga
Saudi Arabia has transferred $1 billion to Central Bank of Egypt as an eight-year deposit, Planning Minister Faiza…
Russian President Putin not to attend G8 summit
Russia’s newly-inaugurated President Vladimir Putin has pulled out of the Group of Eight summit in Maryland, US,…
EGX Loses EGP 1.06 Bln On Foreign Selling Pressures
On Thursday’s session, the EGX posted losses of EGP 1.06 billion as the capital market has reached EGP 354.960…
UAE telco du posts 62% profit hike
UAE telecoms operator du said first quarter net profit before royalty increased 61.8 percent as mobile revenues…
Spain Nationalizes Bankia To Overcome Crisis
Hoping to put an end to a four-year banking crisis, Spain's government effectively took over Bankia SA (BKIA.MC),…
GCC states Imposes 50% tax on soft drinks & cigarettes
GCC states are considering a 50 percent tax on beverages and cigarettes to control consumption, it was reported…
Harry Potter Theme Park To Be Built In Japan
Harry Potter is heading for Japan for the next theme park modelled on the Hogwarts Castle experience - the first to…
Volkswagen drives 72% MidEast sales rise
Volkswagen Middle East said first quarter sales increased 72 % as demand for its new Jetta and Tiguan cars grew.…
QNB Talks To Buy Denizbank Stall
Dexia's planned sale of Turkish unit Denizbank to Qatar National Bank and HSBC is not to proceed until after an…
Britney Spears signs U.S. X Factor Deal
Britney Spears has officially signed a £9.3 million deal to serve as the new superstar judge on Simon Cowell's U.S.…