Oman Islamic Bank Nizwa Eyes US$156m IPO
Omani lender Bank Nizwa, the sultanate's first Islamic bank, plans to raise US$156m by selling 40 percent of…
Lebanese Gov’t Websites Hacked
Several Lebanese government websites have been hacked by a group of activists calling for better living conditions…
France Telecom To Buy Mobinil Stake
FranceTelecom (FTE) has reached an agreement to buy the stakes of one of the largest telecom operators in Egypt,…
7-Magnitude Quake Hits Papua News Guinea
A 7.0 magnitude earthquake struck off the north coast of Papua New Guinea on Tuesday, the U.S. Geological…
SABIC Expected To Report A Profit Decrease
Saudi Basic Industries Corp (SABIC), the world's largest chemicals producers, will be in focus today as it is…
Abu Dhabi’s Aldar Signs US$1.1bn CNBAD redit Facility
Abu Dhabi's Aldar Properties has secured a AED4bn (US$1.09bn) credit facility from National Bank of Abu Dhabi, a…
NILEX’s Shares Mostly Flat, PSAD Solely Soars
After 2-day suspending over Easter holidays, NILEX’s listed shares resumed trading witnessing unsteady performance…
Egypt Intervenes To End Tensions In Sudan
Egypt is mounting a diplomatic offensive to defuse tensions between Sudan and South Sudan that have raised fears…
Egypt Needs £7.5 Billion Bail-Out To Avoid Bankruptcy; EU Officials
North Africa's biggest economy has imploded since a democratic uprising last year and the country will run out of…
Faisal Islamic Bank To Distribute EGP 2.11/Share on April 22nd
Faisal Islamic Bank of Egypt (FAIT.CA) declared cash dividends no. (33) of EGP 2.111 per share in case the share is…