EGYPT

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Melrose raises 2009 production forecast

Melrose Resources Plc said its third-quarter production rose about 25 percent, driven partly by strong performance from its Egyptian fields, and raised its working interest production forecast for 2009.
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China's Africa goals more than just natural resources

Barely a month goes by without some new energy or mineral deal being struck between China and an African nation. These deals have transfixed the West, but China gets far more from the relationship than raw resources.
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Algerie Telecom to spend $6 bln on upgrades by 2014

Algerian state-owned telecoms firm Algerie Telecom will spend $6 billion to upgrade its fixed-line and mobile operations over the next five years, the firm's deputy chief executive told Reuters on Tuesday.
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The 7 Deadly Sins of Travel

If you travel often I'm sure that at some point you've found yourself listening to a fellow backpack-toting wanderer berate his peers for not being 'good travellers'. But really, is there such a thing as a
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Egyptian GB Auto eyeing bonds to fund expansion

GB Auto (AUTO.CA) is considering issuing five-year bonds worth one billion Egyptian pounds ($183 million) to fund regional expansion and new service centres in Egypt, the company said on Monday.
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Battle-tested IMF emerges with bigger global role

The International Monetary Fund is evolving into a central clearing house that will help manage the global economy, the head of the IMF's policy-steering committee said Monday as nations debated the lender's future role.
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IMF members make little headway on power shift

Global finance chiefs made little headway on Sunday in overcoming long-standing disagreements over how much power rich nations should cede to major developing countries at the International Monetary Fund.
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Israeli planes strike Gaza tunnels and building

Israeli planes carried out strikes on tunnels used for smuggling along the Gaza-Egypt border and a building east of Gaza city on Saturday, causing damage but no casualties, security forces and the Israeli military said.
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Palestinians want peace deal but don't reject Hamas

Most Palestinians who want a state of their own would like to achieve it through a peace deal with Israel but there is still substantial support for the Islamist Hamas group which favors resistance, according to a new opinion poll.
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No sign of settlement deal after U.S.-Israel talks

The United States and Israel ended another round of talks on Wednesday with no sign yet of a deal on a West Bank settlement freeze, but a U.S. envoy planned to meet again with Prime Minister Benjamin Netanyahu on Friday.
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Weather to buy back 744.6 million euros of bonds

Weather Investments, an Italian-based holding company that owns Egypt's Orascom Telecom, said on Monday holders of 744.6 million euros ($1.1 billion) worth of the firm's bonds had agreed to sell them back.
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Netanyahu says still gaps with U.S. on peace moves

Israeli Prime Minister Benjamin Netanyahu said on Sunday there were still gaps to bridge in talks with a visiting U.S. envoy seeking a settlement freeze and the revival of Israeli-Palestinian negotiations.

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