Sharp to outsource TV production to Egypt: report
Sharp Corp. will outsource manufacturing of its LCD televisions to Egypt and the Middle East in a bid to increase foreign sales, according to a report published Wednesday. The Nikkei…
BAT Kenya to manufacture in Egypt
British American Tobacco (BAT) Kenya is set to start the commercial export of semi-processed tobacco to Egypt for manufacturing into cigarettes this month, Capital Business reported. BAT Finance Director of…
OCI fertilizer unit raises €175 mln financing
Orascom Construction Industries (OCI) said on Tuesday its Dutch unit OCI Nitrogen B.V. had raised €175 million for working capital and to refinance a loan for the unit's purchase. The…
Misr Cement Qena posts 14 pct H1 net rise
Net profit at Egypt's Misr Cement Qena, which has been boosting capacity in southern Egypt, rose 14.2 percent in the first half of 2010, the stock exchange said on Tuesday.…
Eastern Europe under spotlight on art restitution
A tug-of-war in the United States over who owns a huge art trove seized by Hungary's Nazi henchmen is the most prominent example of disputed restitution policies in formerly communist…
The scoop on unauthorized celeb books: fewer sales
Put Angelina Jolie's face on a magazine cover and sales will surely rise. Get her to write a memoir and it would be worth millions. But write a book about…
Iran’s Economic Boom Exposes the Weakness of Sanctions
TEHRAN: An international sanction notwithstanding, the Teheran Stock Exchange (TSE) has reached its highest record, crossing the 16000 point mark, according to Iranian media reports. The Stock Exchange Index gained…
Kuwait’s IIG to halt 2009 dividend
MANAMA: Kuwait's International Investment Group (IIG) the investment house in the midst of a restructuring process, on Wednesday said its board is proposing not to pay out any dividend for…
Kuwait Oil Co awards Petrofac $430 mln contract
KUWAIT: Kuwait Oil Company said on Wednesday it has awarded Petrofac Ltd a 123.3 million dinar ($430.8 million) contract to inject mixed effluent and seawater into 69 wells in northern…
Oil falls to $82, calm on Iran president attack
LONDON: Oil fell on Wednesday for the first day in five as a rally that powered prices to three-month highs near $83 a day earlier lost steam, with little reaction…