EGYPT

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BP CEO reported to leave soon

BP Chief Executive Tony Hayward will step down within the next 10 weeks, the Times newspaper reported, as the company battles to remain independent after the worst oil spill in U.S. history.

BP to sell $7 billion in assets to Apache

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BP Plc said on Tuesday it reached a deal to sell $7 billion in assets to Apache Corp as the British oil company raises money to cover costs related to the oil spill in the Gulf of Mexico.
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Online protest on Egyptian's death draws hundreds

Hundreds of Egyptians protested in Cairo and other cities on Friday over the death of an activist, whose case has raised concerns among Western governments and has spurred demonstrations at home calling for political change.
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Doubts over global economy return as G20 meets

Leading policymakers expressed concern on Friday about the health of the world economy even as they closed ranks behind the euro zone's efforts to tackle a debt crisis that has rattled global markets.
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G20 to back euro zone on debt

G20 finance ministers and central bankers will endorse efforts to douse the euro zone's debt crisis but are far apart on the contentious issue of a global bank levy, a senior South Korean official said on Friday.
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Air Arabia Egypt flights to begin in June

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.
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Egyptians go online to seek political change

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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Internet running out of addresses: Web group chief

The world will soon run out of Internet addresses as the number of devices connected to the Web explodes unless organizations move to a new Internet Protocol version, the head of the body that allocates IP addresses said.
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Now, a platinum ETF from Africa

After the US launched its first palladium ETF recently, it is the turn of South Africa now South African stock exchange operator, JSE, will launch a platinum ETF soon. It is also looking to list an Africa ETF in South Africa, with blue-chip companies.
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Qatar investor buys UK department store Harrods

The investment arm of Qatar's sovereign wealth fund has bought the famous London department store Harrods from Egyptian-born businessman Mohamed al-Fayed in a deal reported to be worth around 1.5 billion pounds ($2.3 billion).
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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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