Libya will have to pay Kuwait’s Kharafi group $930 million in damages for former leader Muammar Gaddafi’s cancelling of the construction of a vacation resort, Kuwaiti newspapers reported on Monday.
M. A. Kharafi and Sons, a company owned by one of Gulf state’s biggest merchant families, won the award in arbitration proceedings via the Arab League, Al-Rai newspaper said, without giving its sou
Libya will have to pay Kuwait’s Kharafi group $930 million in damages for former leader Muammar Gaddafi’s cancelling of the construction of a vacation resort, Kuwaiti newspapers reported on Monday.
M. A. Kharafi and Sons, a company owned by one of Gulf state’s biggest merchant families, won the award in arbitration proceedings via the Arab League, Al-Rai newspaper said, without giving its sou
Libya will have to pay Kuwait’s Kharafi group $930 million in damages for former leader Muammar Gaddafi’s cancelling of the construction of a vacation resort, Kuwaiti newspapers reported on Monday.
M. A. Kharafi and Sons, a company owned by one of Gulf state’s biggest merchant families, won the award in arbitration proceedings via the Arab League, Al-Rai newspaper said, without giving its sou
Egypt exported $773 million worth of gold to Canada in 2012, Fayez Ezz al-Din, head of the Canadian Chamber of Commerce in Egypt, said on Monday.
“Canada has more than 4,600 mining companies, which is more than half of the mining companies in the world,” Ezz al-Din told the state-owned news agency MENA.
Canada is the leading country worldwide in mining, he said.
Ezz al-Din state
Egypt exported $773 million worth of gold to Canada in 2012, Fayez Ezz al-Din, head of the Canadian Chamber of Commerce in Egypt, said on Monday.
“Canada has more than 4,600 mining companies, which is more than half of the mining companies in the world,” Ezz al-Din told the state-owned news agency MENA.
Canada is the leading country worldwide in mining, he said.
Ezz al-Din state
Egypt exported $773 million worth of gold to Canada in 2012, Fayez Ezz al-Din, head of the Canadian Chamber of Commerce in Egypt, said on Monday.
“Canada has more than 4,600 mining companies, which is more than half of the mining companies in the world,” Ezz al-Din told the state-owned news agency MENA.
Canada is the leading country worldwide in mining, he said.
Ezz al-Din state
Foreign exchange shortages are making it harder for Vodafone’s Egyptian business to buy network equipment and it has asked some suppliers to accept payment in Egyptian pounds, its local chief executive said.
Two years of economic turmoil since the overthrow of president Hosni Mubarak have wiped out most of Egypt’s foreign reserves and left some companies scrambling to secure currency on the black
British bank Barclays, seeking to fix its battered reputation caused by last year’s Libor rate-rigging scandal, said Wednesday that it returned to profit in the first quarter with net earnings of £839 million ($1.28 billion, 983 million euros) after a loss in the first three months of 2012.
Barclays recorded a profit after tax following a net loss of £598 million in the first q
The Development Committee on Saturday endorsed the World Bank Group’s goal to end extreme poverty within a generation as “ambitious”, saying that this endeavor by the Bank was a “historic opportunity” to make a difference. The Committee equally confirmed the Group’s vision to promote shared prosperity and added these goals must be achieved without jeopardi
Egyptian President Mohamed Morsi asked Russia on Friday for grain and a loan to help ease a deepening economic crisis but secured neither at talks with President Vladimir Putin.
Russian officials said only that Moscow would consider the loan request, which a Moscow-based source had earlier put at about $2 billion, and that it might increase grain supplies if its harvest reached the target level t