EGYPT

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Bush nudges Israel, Palestinians on peace

President Bush, in the Mideast to push along a peace deal by the end of his presidency, gave orders to both sides on Wednesday. He told Israelis that illegal outposts in disputed land must go and told Palestinians that no part of their territories can be a safe haven for terrorists.

Anger, skepticism awaits Bush in Middle East

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U.S. President George W. Bush's visit to the Middle East this week will evoke widespread hostility in a region where many view him as a war-monger pursuing U.S.-Israeli hegemony, not peace and democracy. In the Arab street, Bush is seen as the man whose invasions of Afghanistan and Iraq to wage war on terrorism brought chaos to the region and more recruits to al Qaeda.

Reliance sets aside $27 billion for acquisitions, gas explorations

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Reliance Industries (RIL), India's most valuable firm in terms of market capitalisation and owner of world's third largest refinery, will be setting aside up to $15 billion for making world-scale acquisitions in the energy sector besides investing more than $12 billion for development of gas exploration off the country's east coast.
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Global stocks erase losses, dollar firm as Fed looms

Global stocks erased early losses on Monday, dollar money market tensions eased and the U.S. currency held near one-month highs against the yen ahead of an expected Federal Reserve interest rate cut this week.
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Vodafone pleases bulls with raised forecasts

British-based mobile phone giant Vodafone Group Plc raised full-year profit and sales forecasts on Tuesday after a strong set of half-year results topped consensus expectations, sending its shares climbing.
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India PM meets IAEA head as nuclear deal clock ticks

The U.N. nuclear watchdog head Mohamed ElBaradei met India's prime minister on Thursday in a long-scheduled trip as time started to run out for the government to press forward with a nuclear deal with the United States.
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Climate change will alter world travel patterns

Global warming will produce stay-at-home tourists over the next few decades, radically altering travel patterns and threatening jobs and businesses in tourism-dependent countries, according to a stark assessment by U.N experts.
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Egypt's Luxor offers WiMax access to visitors

Egypt's ancient city of Luxor has become the latest spot to offer super high-speed WiMax wireless Internet technology, encouraging visitors to stay connected while they tour the city's Pharaonic temples.
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Nikkei gains as energy stocks climb, TDK up

Japan's Nikkei average rose 0.9 percent on Thursday as higher oil prices pushed up energy stocks and trading firms, while TDK Corp gained on its plan to buy Thai-based Magnecomp Precision Technology.
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Blackstone in talks to buy Wind stake: source

Private equity firm Blackstone Group is in talks to buy a minority stake in Italy's No. 2 fixed-line phone operator Wind, two years after it lost out in a bid battle for the company, a person familiar with the situation said on Wednesday.
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U.S. signs $30 billion defense aid pact with Israel

The United States sealed a deal on Thursday to provide Israel with $30 billion in defense grants over the next decade, a 25 percent boost that Washington describes as strengthening a regional bulwark against Iran.
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Reliance to invest $10 billion in Egypt

India's most valuable company in terms of market capitalization, the Reliance Industries Ltd. has agreed to invest $10 billion in Egypt's oil refining, petrochemicals and plastic industries, according to Egyptian Government officials.
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Egypt indexes hit lifetime closing highs

Two main Egyptian stock indexes broke lifetime closing highs on Sunday as Orascom Construction Industries continued a share price rise sparked by fresh expansion, traders said.
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WTO Adds New Appellate Body Member

The World Trade Organization swore in David Unterhalter from South Africa as a member of the Appellate Body by the Body's Chairman, A.V. Ganesan, at a ceremony on Thursday.
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UK Firm to Find Oil in Egypt

A United Kingdom oil company, Aminex PLC, has signed a production sharing agreement with Egypt for Onshore Block 2 in the West Esh El Mellahah area in upper Egypt.
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IMF and World Bank to pursue internal reforms

As the International Monetary Fund embarks on a second round of reforms to give developing countries more say in the institution, the World Bank signalled on Wednesday that it was ready to go the same route.
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China, India to Boost Africa's Economy

Africa'S deepening engagement with Asia's two economic giants-China and India-holds enormous potential for economic growth in Africa, according to a new report by the World Bank, released September 9.
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IMF to pursue internal reforms, World Bank to follow

An agreement to boost the voting power of emerging nations in the International Monetary Fund is just the start of a difficult process, the IMF's head said on Wednesday, as the World Bank signaled it was ready to go the same route.
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India Seeks to Import Liquified Natural Gas

The head of the India's state-owned Oil and Natural Gas Corp. (ONGC) said on Tuesday that the company was in talks with parties in Egypt, Qatar and Australia to import at least five million tons of Liquefied Natural Gas (LNG) annually.
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Africa, China Forge Closer Economic Ties

Chinese Premier Wen Jiabao recently ended a seven nation tour of Africa on June 25 in a bid to improve economic, social and diplomatic ties between China and Africa.

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