Ezz Steel increases prices by 9 pct
Cairo-based investment bank Beltone Financial said that Ezz Steel increasing prices by 9 percent came as no surprise. In its daily note, the firm reported that Ezz Steel raised steel…
Egyptian stock market, banks closed on Jan. 9
Egypt's stock exchange and banks will be closed on Sunday, Jan. 9, to mark the Coptic Christmas holiday that falls on the weekend, the Egyptian Exchange and the central bank…
Oil climbs above $92, anticipates economic growth
LONDON: Oil extended a rally above $92 a barrel on Monday, spurred by expectations economic recovery will fuel energy demand and as market bulls set their sights on $100 a…
Prices force food, drink producers to eye ingredient alternatives
CAIRO: A confluence of factors have ignited a price spike in a number of core commodities in Egypt, such as sugar, wheat and rice, forcing food and drink companies to…
Zambia looks to lure Egyptian investors
CAIRO: Egypt’s El Sewedy Electrometer will supply Zambian energy supplier Zesco with 400,000 electric meters and 2 million energy efficient light bulbs annually starting April, when the company’s unit in…
Engineers’ Syndicate to decide on 1st board elections date in 15 years
By Tamim Elyan CAIRO: The Engineers’ Syndicate announced Monday that it will call its general assembly on Jan. 10 to decide on a board election date, the first since the syndicate…
Three Iraqis, two US soldiers killed in Iraq
BAGHDAD: Gun and bomb attacks killed three Iraqis and wounded 15 on Monday, security officials said, while the US military said two US soldiers had been killed, the first to…
Israeli PM wants nonstop talks with Palestinians
JERUSALEM: Israel's prime minister challenged the Palestinian president to sit down with him for nonstop negotiations until they nail down a peace accord, but the Palestinians say deadlocked talks cannot…
Violence shows Christian, Muslim split in Nigeria
LAGOS: Multiple explosions rocked a central Nigerian city, another bomb killed at least four at an army barracks in the capital and a radical Muslim sect burned churches in the…
Revolutionary book that inspired Gandhi turns 150
It was 150 years ago that the book "Unto This Last" was published, a groundbreaking work that turned economic thinking on its head and profoundly influenced the views of many…