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Musaid Al-Zayani
Written by :
on : Saturday, 19 Apr, 2014

Ivanka Trump: Trump Estates Dubai unlike anything else in the region

Dubai, Asharq Al-Awsat—Ivanka Trump is currently the executive vice-president of development and acquisitions at real estate, hospitality and entertainment conglomerate the Trump Organization, which is headed and was founded by her father, US businessman and host of American TV show The Apprentice Donald Trump. But Ivanka is a successful businesswoman in her own right, with her own fashion label, the Ivanka Trump Collection, as well as having had a lucrative career as a model. She has e...

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Asharq Al-Awsat
Posted by :
on : Friday, 18 Apr, 2014

Vimpelcom resolves Algeria row with $2.6 bn stake sale

Moscow, Reuters—Russia's Vimpelcom has resolved a long-running dispute with the Algerian government by selling it a majority stake in the country's biggest telecoms operator for 2.6 billion US dollars, while it will keep control and slash debt. Orascom Telecom Algeria, also known as Djezzy, is a prized asset, which Vimpelcom bought in 2010 from Egyptian tycoon Naguib Sawiris as part of a more than 6 billion-dollar deal as it aimed to diversify outside of Russia. Algeria that year mad...

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Khalid Mahmoud
Written by :
on : Thursday, 17 Apr, 2014

Libya restarts oil exports from Hariga port

Cairo, Asharq Al-Awsat—Libya is restarting the process of exporting oil after an eight-month standoff with rebels who blockaded a number of the country’s most prominent por...

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Hamza Mustafa
Written by :
on : Wednesday, 16 Apr, 2014

Iraq must end dependence on oil—former planning minister

Baghdad, Asharq Al-Awsat—Iraq’s economy must diversify to reduce its decades-long reliance on oil as the main contributor to its GDP, said the country’s former planning m...

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Asharq Al-Awsat
Posted by :
on : Tuesday, 15 Apr, 2014

Europe reaches end of crisis-driven reform trail to banking union

Strasbourg, Reuters—European lawmakers finally signed off on Tuesday on new laws to make it easier to shut problem banks after long wrangling over rules for an industry blame...

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Asharq Al-Awsat
Posted by :
on : Tuesday, 15 Apr, 2014

Egypt to raise electricity prices before elections

Washington, Reuters—Egypt plans to boost electricity prices for the richest 20 percent of its citizens before the presidential elections at the end of May, as the country has "no...

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Mohamed Al-Bishi
Written by :
on : Monday, 14 Apr, 2014

Saudi Finance Minister: US delaying IMF reforms

Washington, DC Asharq Al-Awsat—The US is responsible for delaying long-awaited IMF reforms, Saudi Finance Minister Ibrahim Al-Assaf told Asharq Al-Awsat on the sidelines of t...

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Asharq Al-Awsat
Posted by :
on : Sunday, 13 Apr, 2014

Abu Dhabi ports expect year-end spike in traffic as projects boom

Abu Dhabi, Reuters—State-owned Abu Dhabi Ports Company (ADPC) expects a surge in shipping traffic towards the end of this year as work on major infrastructure projects in the...

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Asharq Al-Awsat
Posted by :
on : Saturday, 12 Apr, 2014

Libya’s western Zawiya oil port, refinery shut by protests

Tripoli, Reuters—Libya's bid to resume normal oil exports after blockades at eastern ports that have lasted months stumbled on Friday when the oil terminal and refinery at Za...

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Asharq Al-Awsat
Written by :
on : Friday, 11 Apr, 2014

Cash still king as Saudis shun credit cards

Riyadh, Asharq Al-Awsat—Credit card use in Saudi Arabia has been on the decline since 2008, according to recent data released by the country’s central bank, the Saudi Arabi...

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