Latest Business News
Dodgy data obscures reality of Gulf’s economic boom
Reuters – Saudi Arabia’s economy chugged along at modest annual growth rates…
Arab Contractors net profits down 33.3% year on year
Net profits register EGP 336m in FY 2012/2013, compared to EGP 505m…
UAE’s ADCB to price $750m 5-year bond
Reuters - Abu Dhabi Commercial Bank has set final terms for a…
Fahmy looks to strengthen Africa economic and trade ties
Minister of Foreign Affairs to present proposals for deeper economic cooperation in…
Egyptian Pound inches up on official market, weakens slightly on black market
Reuters – The Egyptian pound strengthened slightly at a central bank foreign…
Dubai’s Arabtec in talks to buy Kuwaiti firm
Reuters - Arabtec Holding, Dubai’s largest listed construction firm, is in the…
Ministry of Transportation to spend EGP 67m to dredge Damietta Port
The project will allow the port to accommodate giant ships and will…
Saudi Aujan Coca-Cola plans $100m factory in Egypt
Egypt’s army-backed government is trying to attract foreign money back into the…
Amer Group posts 79% drop in 2013 profit
Reuters - Egyptian real estate company Amer Group posted a 79% drop…
Egypt draft law bars third-party challenges to contracts
Reuters - Egypt’s draft investment law contains provisions to prevent third parties…