May 14, 2012

Orascom Telecom Q1 net profit seen at US$45 mn

Orascom Telecom (OT) is expected to post a first-quarter net profit of US$45 million on Monday, following a net loss in the fourth quarter of 2011 when it was weighed down by currency losses and impairment charges, according to analysts.

The Egypt-based company, which has operations in Algeria, Pakistan, Bangladesh and Canada, should post a profit for...

Turkey's Foreign Policy so Impressive-Bahrain's Defense Minister May 19, 2012

Bahrain's Defense Minister Muhammad bin Abdallah Al Khalifa has said that Turkish Prime Minister Recep Tayyip Erdogan's cabinet was working extremely well.

Talking to the AA correspondent on Friday on the occasion of the 2nd Istanbul...

KSA nonoil exports rise 31 percent to SR 176.57 bn May 19, 2012

The value of Saudi Arabia’s nonoil exports rose by 31 percent to SR 176.57 billion in 2011 compared to the previous year when the amount was SR 134.61 billion, according to the Statistics Department.

It said the total volume of...

Trade with Qatar grew 24% to $ 2.8bn in 2011: Thai premier May 19, 2012

Trade between Qatar and Thailand has jumped by 24% to $ 2.8bn in 2011 compared to $ 2.3bn in 2007, according to the Thai Prime Minister Yingluck Shinawatra.

The Thai premier"...

Review of Oman Banking and Monetary Developments - Report by ONA May 19, 2012

Broad money (M2) increased by (17.1) percent to (RO 10,214.9) million in March 2012 compared to (RO 8,720.2) million in March 2011. Narrow money (M1), comprising currency held by the public and local currency demand deposits, expanded by (11.8)...

Schneider Electric Egypt meets with students from the Faculty of Engineering, Ain Shams University May 12, 2012

In an effort to raise students' levels at Egyptian universities and expose young people to the most important and latest technology solutions for energy management, Schneider Electric, a global specialist in energy management, invited 50 students from the third and fourth year of Electrical Engineering Department at Ain Shams University to the company's plant...

Citadel Capital's Rift Valley Railways named Regional Infrastructure Investment of the Year May 10, 2012

Citadel Capital, the private equity firm in Africa and the Middle East with more than $9.5bn in investments under control, has once again been recognized for its landmark investment in Rift Valley Railways (RVR) of Kenya and Uganda. The firm's strategic acquisition of the rail operator has been named the "Regional Infrastructure Investment of the Year" by Africa...

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May 19, 2012

DED registered 2161 new licenses and...

WAM Abu Dhabi, May 19th, 2012 (WAM)--xxxx. Renewed. DED's report monitored continuous increasing...
May 19, 2012

DED registered 2161 new licenses and...

WAM Abu Dhabi, May 19th, 2012 (WAM)--Abu Dhabi Department of Economic Development (DED) issued its...
May 19, 2012

Al Mansoori lauds achievements of GCC...

WAM Dubai, May 19, 2012 (WAM)--Eng. Sultan Bin Saeed Al Mansoori, UAE Minister of Economy has recently...