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Ex Algerian oil execs on trial over corruption charges

ALGIERS, March 15 (Reuters) - A group of top former Algerian state oil company officials including an ex-chief executive went on trial on Sunday facing corruption charges in a scandal involving the North African country and foreign suppliers.

RPT-Weak euro to help European companies, force U.S. rivals to adapt

LONDON, March 13 (Reuters) - The euro's slide towards parity with the dollar will provide a much-needed boost for European companies this year and force U.S.

Tanzania dreams big with port project at former slave harbour

BAGAMOYO, Tanzania, March 15 (Reuters) - In its heyday, Bagamayo was a gateway to the heart of Africa for colonisers, with trade goods surging in from the Indian Ocean, and timber, ivory and countless slaves exported from the east coast harbour.

UPDATE 1-Islamic State fighters and force allied with Tripoli clash in central Libya

TRIPOLI, March 14 (Reuters) - Clashes erupted in central Libya on Saturday between Islamic State fighters and a force loyal to a Tripoli-based faction, a military official and residents said.

UK's Osborne to allow pensioners to cash in annuities - newspapers

LONDON, March 14 (Reuters) - British finance minister George Osborne will allow pensioners to cash in annuities in exchange for lump sums in his annual budget next week, British newspapers reported, in a move designed to woo voters before a May national election.

CORRECTED-Islamic State fighters and force allied with Tripoli clash in central Libya

TRIPOLI, March 14 (Reuters) - Clashes erupted in central Libya on Saturday between Islamic State fighters and a force loyal to a Tripoli-based faction, a military official and residents said.

UPDATE 1-BP signs $12 billion energy deal in Egypt

SHARM EL-SHEIKH, Egypt, March 14 (Reuters) - Oil company BP has signed an agreement to invest $12 billion in Egypt that will produce 3 billion barrels of oil equivalent, a joint statement from the company and the government said on Saturday.

U.S. appeals ruling on size of BP oil spill

WASHINGTON, March 14 (Reuters) - The U.S. government is appealing a federal court ruling that reduced the potential penalty BP Plc must pay for the 2010 Gulf of Mexico oil spill by almost $4 billion.

UPDATE 1-Egyptian businessman says Cairo should fire slack civil servants

* Top companies announce major investments at summit (Adds Dana Gas, BG, Siemens and colour)

Top Egypt businessman says Cairo should fire slack civil servants

SHARM EL-SHEIKH, March 14 (Reuters) - One of Egypt's top businessmen said on Saturday the country needs to fire inefficient civil servants in order to attract investment and strengthen the economy.

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