EGYPT

Air Arabia Egypt flights to begin in June

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UAE-based low cost airline Air Arabia will begin flights on its new Egypt-based carrier in June after it received an operating certificate from Egyptian authorities, the company said on Saturday.

Egyptians go online to seek political change

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Eman AbdelRahman is one of 200,000 people who have signed up on Facebook to back Mohamed ElBaradei, the former U.N. nuclear boss who has said he wants to shatter 30 years of political stasis in Egypt by running for president.
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Egypt's GB Auto sees net profit doubling in Q2

Egypt's GB Auto expects to double its profit in the second quarter of 2010 and plans to export buses to Middle Eastern and European markets by the end of 2010, executives said on Thursday.
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UK department store Harrods sold to Qatar investor

Egyptian-born businessman Mohamed Al Fayed has sold prestigious London department store Harrods to the investment vehicle of the Qatar royal family in a deal reported to be worth around 1.5 billion pounds ($2.3 billion).
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Egypt launches first Arabic domain name - ministry

Egypt's Communications Ministry said Thursday it had launched the first Internet domain name using Arabic letters to try to boost e-services and the number of people online in the most populous Arab nation.
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China, Egypt sign $2 billion refinery deal

In its quest to ensure enough oil for its vibrant economy, China on Monday signed an MoU with Egypt to build a $2 billion refinery in the Arab nation. According to sources, two Chinese companies, Rongsheng Holding Group and China National Chemical Engineering Co. Ltd., will build the refinery, the largest such plant in the Arab nation.
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Group sees U.S. exports to Arab countries rebounding

U.S. exports to Arab countries in the Middle East and North Africa are forecast to grow almost 20 percent this year to a record $75 billion, fueled by big infrastructure projects and resurgent consumer demand, according to a new private sector report.
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Maternal deaths down in poor countries: study

(Reuters) - Deaths of women in and around childbirth have gone down by an average of 35 percent globally, according to a study using new methods, but are surprisingly high in the United States, Canada and Norway.
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Vodafone to offer Web via Opera in emerging markets

British mobile telecoms group Vodafone said it will launch the Opera Mini browser on low-cost handsets so its millions of users in emerging markets can easily access the Internet, lifting Opera's shares.
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U.S. charges Daimler with violating bribery laws

German car and truck maker Daimler AG was charged on Tuesday with violating U.S. bribery laws by showering foreign officials with millions of dollars and gifts of luxury cars to win business deals.
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Egypt regulator enforces Internet voice call ban

Egypt has begun enforcing a ban on international calls made through mobile internet connections, the head of the telcoms regulator told Reuters on Tuesday, potentially boosting voice revenues at landline monopoly Telecom Egypt.
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Netanyahu's position is perilous: U.S. official

Israeli Prime Minister Benjamin Netanyahu's political standing is perilous because of divisions within his coalition over efforts to pursue peace with the Palestinians, a senior U.S. official said on Friday.
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Coming to Israel, Biden flags U.S. support vs Iran

The Obama administration has boosted U.S. defense ties to Israel and will close ranks with its ally against any threat from a nuclear-armed Iran, Vice President Joe Biden said on Monday ahead of a trip to Israel.
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Egypt military court releases blogger in army case

A blogger, who had faced a military trial for an article critical of Egypt's armed forces, has been released without bail after apologizing and on condition he removes the posting, his lawyer said Sunday.
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Buffett-backed BYD eyes big overseas drive

BYD Co Ltd, a Chinese car and battery maker founded by China's wealthiest man and backed by U.S. billionaire Warren Buffett, aims to boost its car exports this year as it feeds what it hopes will be improving demand in a recovering global economy.
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Iraq has top terror risk, Thai danger up: ranking

Iraq is the country most at risk from terrorist attacks for the second straight year, according to a ranking by global analysts Maplecroft, while Thailand has joined the nine countries most in danger for the first time.
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Philip Morris profit up, sets $12 billion buyback

Philip Morris International Inc posted higher-than-expected fourth-quarter profit on Thursday and announced a new $12 billion share repurchase program, sending its shares up more than 4 percent.

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