Orascom Tel must settle debts before deal, says Algeria
ALGIERS: Orascom Telecom must settle all its liabilities before Algeria concludes a deal to nationalize the Egyptian firm's local mobile phone unit, Algerian Prime Minister Ahmed Ouyahia said on Sunday.…
Orascom Telecom at 19-mth low on Algeria demand
CAIRO: Egypt's Orascom Telecom (OT) plunged to a 19-month low on Sunday after Algeria said the operator must settle all liabilities before the state concludes a deal to nationalize OT's…
Lebanese PM urges Iraqis to accept Saudi invitation
KUWAIT CITY: Lebanese Prime Minister Saad Hariri on Sunday urged Iraqi political parties to accept the Saudi invitation to meet in Riyadh to resolve their political deadlock. "We have been…
Bahrain Sunni Islamists hit as woman makes history in polls
MANAMA: Rival Sunni Islamist groups in Bahrain lost almost half their seats in a parliamentary election run-off, which also saw a woman making history by winning a municipal seat. The…
Netanyahu to fly to US for talks on peace
JERUSALEM: Israeli Prime Minister Benjamin Netanyahu said Sunday he will fly to the United States next weekend for talks on Middle East peace efforts and to speak of the need…
Suicide bomber wounds 32 in Istanbul’s main square
ISTANBUL: A suspected suicide bomber targeting Turkish police wounded 32 people in the centre of Istanbul on Sunday. No organization has claimed responsibility, officials said, though the city has been…
Egypt 182-day T-bill avg yield rises to 9.976 pct
The average yield on Egyptian 182-day Treasury bills rose a fraction to 9.976 percent at an auction on Sunday versus 9.804 percent at last week's auction, the Central Bank said.…
Egypt Alcotexa sells 1,325 T cotton in past week
Egypt's Alexandria Cotton Exporters' Association (Alcotexa) committed to sell 1,325 tons of cotton in the week that ended on Oct. 30, an Alcotexa official told Reuters on Sunday. The sales…
Amer Group to launch IPO: paper
Egyptian real estate firm Amer Group expects to raise $300 million through an initial public offering and a private placement before the end of November, a newspaper reported on Sunday.…
Egypt end-Sept money supply up 11.9 pct, says Central Bank
Egypt's M2 money supply rose 11.9 percent in the year to end-September, the central bank said on Sunday. Money supply rose to LE 948.4 billion ($164.2 billion) at the end…
