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Euromoney Conference: Egypt eyes more southeast Asian, Gulf tourists

The Egyptian Tourist Authority (ETA) seeks to attract more tourists from Asian and the GCC (Gulf Cooperation Council) as visitors from these countries have largely stayed away since the 25 January Revolution due to political unrest. The authority will focus on Chinese and Indian markets as they represent two of the world’s fastest growing economies. …

Daily News Egypt

UAE’s Air Arabia bets on Ras Al Khaimah hub

The Sharjah-based budget carrier, which currently operates out of three hubs in the Gulf and North Africa region, signed an agreement with the RAK government in February declaring it the official carrier for the emirate and RAK airport as its new hub.

Daily News Egypt

Hunt is on for new emerging tigers: MINT, PPICS and CIVETS

AFP – For more than 10 years the rise of big emerging markets has re-shaped the global economy but these are now slowing with maturity, and the hunt is on to identify which upstarts will be tomorrow’s tigers. The big five, which recently helped the world through financial crisis but are now experiencing marked growing …

Daily News Egypt

North America impairment pushes Abu Dhabi’s TAQA into 2013 loss

Reuters – Abu Dhabi National Energy Co (TAQA) posted a net loss of AED 2.52bn ($687m) for 2013 as it marked down the value of its oil and gas holdings in North America, the company said on Tuesday. The state-controlled energy investment giant swung from a profit after minority interests of AED 649m in 2012. …

Daily News Egypt

UAE-led group expects to sign $2bn India power deal soon

Reuters – Abu Dhabi National Energy Co (TAQA), leading a consortium that plans to invest around $2bn to acquire hydropower assets in India, expects to close the deal this quarter, three sources familiar with the matter told Reuters. TAQA, majority-owned by the Abu Dhabi government, is buying two hydropower plants owned by Jaiprakash Power Ventures …

Daily News Egypt

JUSTICE IN INDIA

By Dr Cesar Chelala The conviction of four men in India, accused of gang rape and the murder of a young Indian woman was widely celebrated throughout the country. Although the conviction is seen as a just and necessary punishment of the young rapists, many women are sceptical that it will lead to a new era in …

Daily News Egypt