UPDATE: Saudi Aramco share sale exceeds initial target    Nvidia to roll out next-gen AI chip platform in '26    Sri Lanka offers concessionary loans to struggling SMEs    Egypt temporarily halts expats land allocation in foreign currency    China's banks maintain stable credit quality in Q1 '24    Indian markets set to gain as polls show landslide Modi win    CBE aims to strengthen sustainable borrowing through blended finance mechanisms: Governor    CIB commits $300m to renewable energy, waste management projects in Egypt: Ezz Al-Arab    UN aid arrives in Haiti amid ongoing gang violence, child recruitment concerns    Russian army advances in Kharkiv, as Western nations permit Ukraine to strike targets in Russia    Trump campaign raises $53m in 24 hours following conviction    M&P forms strategic partnership with China Harbour Engineering to enhance Egyptian infrastructure projects    Egypt includes refugees and immigrants in the health care system    Ancient Egyptians may have attempted early cancer treatment surgery    Abdel Ghaffar discuss cooperation in health sector with General Electric Company    Grand Egyptian Museum opening: Madbouly reviews final preparations    Madinaty's inaugural Skydiving event boosts sports tourism appeal    Tunisia's President Saied reshuffles cabinet amidst political tension    US Embassy in Cairo brings world-famous Harlem Globetrotters to Egypt    Instagram Celebrates African Women in 'Made by Africa, Loved by the World' 2024 Campaign    US Biogen agrees to acquire HI-Bio for $1.8b    Egypt to build 58 hospitals by '25    Giza Pyramids host Egypt's leg of global 'One Run' half-marathon    Madinaty to host "Fly Over Madinaty" skydiving event    World Bank assesses Cairo's major waste management project    Egyptian consortium nears completion of Tanzania's Julius Nyerere hydropower project    Sweilam highlights Egypt's water needs, cooperation efforts during Baghdad Conference    Swiss freeze on Russian assets dwindles to $6.36b in '23    Egyptian public, private sectors off on Apr 25 marking Sinai Liberation    Debt swaps could unlock $100b for climate action    Amal Al Ghad Magazine congratulates President Sisi on new office term    Financial literacy becomes extremely important – EGX official    Euro area annual inflation up to 2.9% – Eurostat    BYD، Brazil's Sigma Lithium JV likely    UNESCO celebrates World Arabic Language Day    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







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Headlines from the region
Published in Bikya Masr on 04 - 04 - 2010


Shell to sell retail operations in Africa
Royal Dutch Shell is selling its downstream businesses in 21 African countries, in line with its strategy to cut its retail operations by 35 percent.
The company has had several expressions of interest from potential buyers of its retail, lubricant, liquid petroleum gas and bitumen operations across all of its African markets except fuels, lubricants and refinery activities in South Africa, and the group's lubricants business in Egypt. The company also plans to appoint third-party distributors for its branded lubricants in Morocco, Tunisia, Algeria and Ghana. No exploration and production operations are included in the review.
Orascom loses Algeria tax appeal
Egyptian telecommunications giant Orascom Telecom says its Algerian subsidiary Djezzy has lost its final appeal over a tax reassessment of almost $600 million.
Orascom, which operates Mobinil, Egypt's largest mobile phone service provider by number of subscribers, said in a statement Thursday it “intends to challenge this rejection” by the Algerian tax authority in the country's administrative courts.
Tunisia: Launch of New Oil and Gas Portal in Nation
“Tunisiaoilonline”, a new portal dedicated to Tunisian oil and gas was recently launched in Tunis. The new website offers professionals, stakeholders and visitors, several services such as “targeted ads”, “environments” and “listings of Tunisian and global companies” in the sector.
It also offers the opportunity to be informed of various events, conferences and events related to energy, through an “Agenda” enriched with useful details such as telephone, contact person, website.
Arab League renews support for peace efforts
Arab leaders have renewed their support for Mideast peace efforts, rejecting pressure from Syria and Libya on the Palestinians to abandon talks with Israel and resume armed resistance.
The Arab League’s backing for a land-for-peace initiative with Israel came despite its firm opposition to Israeli plans for Jewish construction in east Jerusalem, land Palestinians claim as the capital of a future state.
Sudan: Japanese Ambassador Meets with Unamid Leadership
The newly-appointed Japanese Ambassador to Sudan, Mr. Akinori Wada, today visited UNAMID headquarters in El Fasher, North Darfur, as part of a two-day tour of the region. He met with the Mission's Deputy Joint Special Representative (DJSR) Mohamed Yonis who briefed him on the security situation.
The meeting was attended by the Mission's Director of Communications and Public Information Kemal Saïki, Director of Political Affairs Abiodun Bashua, and Acting Chief of Staff Miguel Martin.
Lebanon Prepares for Summer Tourist Invasion
Lebanon’s tourism industry saw a major rebound in 2009, the World Tourism Organization announced this week.
The tourism monitoring group found inbound tourism to Lebanon in 2009 to have risen by 39 percent over 2008 figures, with 1.8 million tourists entering the 4 million strong country.
BM


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