Utopia Solely Up Amid Weak Performance; NILEX Thursday
On Thursday, NILEX’s listed shares have witnessed a weak performance amidst trading in 4 securities in which 2…
CI Affirms KSA’s Al Rajhi Bank Rating At ’AA-‘
Capital Intelligence (CI), the international credit rating agency, announced that it has affirmed the ratings of Al…
US Senators Call For Arming Syrian Opposition
US senators John McCain and Joe Lieberman have called for providing weapons for the Syrian opposition. “It is time…
Debt-Ridden Developer Nakheel Posts Q1 Profit
Dubai developer Nakheel Properties on Thursday said it swung to a profit in the first quarter as the developer…
Egypt Hosts 40th African Insurance Organization Conference In May 2013
Egypt to host the 40th Conference of the African Insurance Organization (AIO) in May 2013, as Amwal Al Ghad had…
Apple-Samsung Trials Seen Solving Copycat Spat Ceos Couldn’t
Apple Inc. (AAPL) and Samsung Electronics Co. (005930), the world’s top two smartphone makers, are heading to…
US Tourists Abducted in Sinai
Two American tourists have been kidnapped in the Sinai in Egypt, security sources have said. They appear to have…
CGI Agrees To Buy Logica For 1.7 Billion Pounds In Cash
CGI Group Inc. (GIB/A) agreed to buy Logica Plc (LOG) for 1.7 billion pounds ($2.6 billion) in cash to more than…
EFG-Hermes Receives Buyout Offer From Planet Consortium Group
A group of investors is considering a bid to acquire EFG-Hermes Holding (HRHO.CA) in a deal worth $1.2 billion,…
EU Banks Need Credible Refunding Mechanism: ECB’s Draghi
A credible mechanism is needed for recapitalizing euro zone banks and improving oversight in order to address the…