DUBAI - Three state-owned Gulf firms are considering a joint bid for a minority stake in Occidental Petroleum Corp's Middle East and North Africa (MENA) unit, a deal that could be worth between $8 billion and $10 billion, three banking sources said.
Recent Africa News
PARIS - France's intervention to quell violence in Central African Republic may prove simpler militarily than the campaign it waged against al Qaeda-linked Islamists in Mali this year, defense experts said.
BANGUI - France said it will start disarming fighters in the Central African Republic by force if necessary on Monday, as relative calm returned to the capital Bangui following three days of heavy fighting between Christians and Muslims. | Video
JOHANNESBURG - With hymns and eulogies, South Africans of all colors and creeds remembered Nelson Mandela in a day of prayers on Sunday, holding him up as a symbol of freedom, forgiveness and hope for the nation and the world. | Video
WASHINGTON - A minimalist U.S. budget deal that congressional negotiators hope to reach in coming days will do almost nothing to tame rising federal debt, but it could usher in a nearly two-year fiscal truce, minimizing the risk of future funding crises and government shutdowns.
LONDON - Bob Diamond, the former boss of Barclays , is set to return to banking by listing a shell company in London in the next few weeks to invest in the African financial sector, a source familiar with the matter said.
CAIRO - Harboring grudges that date back to the ouster of Hosni Mubarak in 2011, Egypt’s Interior Ministry and police, not the army, were prime movers in overthrowing the country’s first democratically elected president, Mohamed Mursi. Full Article | Slideshow