Skrill, an online payment system in Europe, was sold to funds advised by CVC Capital Partners.
UAE-based Crescent Petroleum is one of the companies to bid for the onshore and offshore blocks.
Saudi foreign minister Prince Saud al-Faisal met French president Francois Hollande with both calling for fresh elections in Egypt.
Gallup’s annual ‘Payroll to Population’ survey finds that 56 per cent of the region’s population does not participate in the workforce.
Political unrest and sectarian conflicts in countries like Egypt and Syria have deterred potential investments in the region.
Egyptian Prime Minister Hazem el-Beblawi proposed dissolving the group in a move that would force it underground and could usher in mass arrests of its members countrywide.
The Foreign Office said on August 6 it had withdrawn all staff from the embassy due to a high threat of kidnapping.
Hundreds were killed in Egypt last week when the security forces cleared protest camps set up by the Muslim Brotherhood.
GFH Capital offloaded a 10 per cent stake to Bahrain-based International Investment Bank earlier this year. It has now sold a total of more than half the shares.
It appears songs and entertainment make for the most popular videos in the United Arab Emirates.
Karman was the first Arab woman and second Muslim woman to win the Nobel peace prize.
Both Iran’s new president Hassan Rouhani and Saudi’s King Abdullah have shown willingness to make peace in the past.
Hundreds were killed as Egyptian authorities cleared out two camps of Mursi supporters on Wednesday.
Habiba Ahmed Abd Elaziz, who worked with Xpress,had been on leave when she was shot dead.
A ministry official put the death toll at 300, but the Muslim Brotherhood claimed over 2,000 people had been killed in a “massacre.”
Islamist President Mohamed Mursi was ousted by the military a year after he took office.
The announcement papers over the economic cracks still seen on a country-by-country basis as Spain saw its economic output fall 0.1 per cent.
Qantas will operate a new Auckland-Perth service from early December through to February 1, 2014.
International efforts have failed to mediate an end to a six-week political standoff between Mursi’s supporters and the army-backed government.
More than 300 people have already died in political violence since the army overthrew Mursi on July 3.
Fifteen prisoners crossed an Israeli checkpoint into Palestinian territory while eleven were released in the West Bank capital of Ramallah.
An average Middle Eastern traveller spends 71 per cent more on a hotel stay in London than the global average, finds survey.
Rainbow Hospitals, a specialised maternity and paediatric healthcare chain, is based in Hyderabad, India.
Supply disruptions in OPEC countries like Libya and Iraq have pushed down the group’s contribution to global oil supply, estimates IEA.
Strikes have again halted loadings at the Es Sider and Ras Lanuf terminals, following a recent two-week outage.
The US tech giant is also expected to unveil a new cheaper version of the device next month.
Almost 300 people have been killed in political violence since the overthrow of President Mohamed Mursi.
The US embassy in Sanaa, Yemen will remain closed due to security concerns.
More than 1,000 Iraqis have been killed in July, the highest monthly death toll since 2008.
Sources say Saudi Arabia wants Moscow to ease its strong support of Assad and agree not to block any future Security Council Resolution on Syria.