Latest Business News
China replaces Iran oil with Mideast, Africa, Russia
BEIJING/SINGAPORE: China has bought enough spot crude from the Middle East, Africa…
IMF sees high Saudi spending, budget surplus in 2012
DUBAI: Saudi Arabia is expected to maintain a high level of government…
Gold climbs as ECB tender lifts euro
LONDON: Gold rose on Wednesday as the euro continued its break higher…
Major traders win 9 pct of Libyan oil exports
LONDON: Libya has agreed to supply oil to four major European trading…
UK’s EIIB in talks with Rasmala for 30 pct stake: sources
DUBAI: European Islamic Investment Bank is in talks to acquire a 30…
Egypt’s outsourcing sector still going strong
CAIRO: Egypt’s outsourcing industry reached its goal of $1.1 billion in ICT…
Jordan, Egypt ink amended gas deal
AMMAN: Jordan has signed a revised natural gas deal with Egypt under…
Moody’s cuts Egypt bond rating one notch to B2
CAIRO: Moody's Investors Service said it downgraded Egypt's government bond rating from…
Aramco to boost oil drilling rigs to pre-2009 levels: sources
KHOBAR: State oil giant Saudi Aramco plans to raise the number of…
Egypt’s economy to grow 3.1 pct in FY 2012/13
CAIRO: Egypt's economy will grow by only 1.8 percent this fiscal year…