DUBAI

Egypt pound ends down 1.3 down pct, c.bank supports

IBTimes Logo
The Egyptian pound fell on Sunday when trade resumed after a week-long suspension due to political unrest, but the drop was less sharp than many traders had feared as the central bank appeared to support the currency.
More news
IBTimes Logo

Mozambique to expand capital's port

Mozambique's Ports Development Company (MPDC) said on Tuesday it would increase the handling capacity of its Maputo port to 12 million tonnes this year from 8.7 million in 2010 to take more coal from South Africa.

Weather boosts Kenya tea output to record in 2010

Favourable weather and currencies boosted Kenya's 2010 tea crop and export earnings to record levels, and the sector overtook horticulture as the country's top hard currency earner, officials said on Monday.

Dubai Shopping Festival kick starts

The sixteenth international Dubai Shopping (DSF) Festival is all set to kick start at the Burj Khalifa, Dubai Creek Park, Global Village, and the Dubai Outlet Mall on Thursday.
earthquake

Quake shakes Pakistan, tremors felt in Delhi

A powerful earthquake of magnitude 7.2 shook southwestern Pakistan early on Wednesday, jolting residents of cities as far apart as Delhi and Dubai, but the epicentre was far from major population centres.
IBTimes Logo

Political chaos casts doubt on Tunisie Telecom IPO

Tunisian state-owned Tunisie Telecom may not be able to go ahead with an investor roadshow for its planned listing in Paris and Tunis due to the political situation, investment and banking sources said on Monday.
IBTimes Logo

Gulf states, Saudi can withstand Tunisia effect

Saudi Arabia has taken in Tunisia's fallen strong man, but the oil wealth of the kingdom and its neighbours should ensure the poverty-driven unrest which ousted Zine al-Abidine Ben Ali does not follow him to the Gulf.
IBTimes Logo

Worst movies of 2010 up for Razzies

Burlesque gets five nods against it but does not figure in the worst film category. The honours here go to 'Little Fockers', 'Bounty Hunters' and 'Sex and the City 2' and others
Burj Khalifa

Stay overnight at world's tallest tower for $285

Travelers visiting Dubai can look forward to putting up at a private apartment in Burj Khalifa, world’s tallest tower, as an UAE based online company, mydubaistay.com, is offering to rent an apartment on the nineteenth floor of the 188-floor tower for $285 per night.
IBTimes Logo

Dubai ruler names Sheikh Ahmed Dubai World chairman

Dubai's ruler appointed a new board for Dubai World , the flagship conglomerate which struck a deal to restructure $25 billion in debt earlier, appointing his uncle and key adviser as chairman on Sunday.
Saudi under pressure from US for donor funds to Al Qaeda

Saudi under pressure from US over donor funds to Al Qaeda: Wikileaks

Saudi Arabia is under pressure from the U.S. to keep a tab on funds for Islamic insurgents, leaked diplomatic cables reveal. Washington claims that the kingdom remained a critical financial support base for Al Qaeda, the Taliban, Hamas and other extremist organizations. United States officials alleged that proscribed organizations have been managing to raise millions of dollars as funds from donors in Gulf, mainly during Hajj and Umrah pilgrimage and Ramadan month.
CES Not green

Cargo-bomb plot cost just $4,200 : Al Qaeda

Al Qaeda's recent Cargo-bomb plots which were foiled by the Saudi intelligence cost them just $4200, according the group's propaganda magazine. The Yemen-based Al-Qaeda in the Arabian Peninsula (AQAP) detailed the plot it called Operation Hemorrhage in its latest edition of the Inspire magazine.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.