Latest Business News
Oil falls more than $2 on euro zone debt, dollar
LONDON: Oil fell more than $2 per barrel on Monday as Europe…
Egypt central bank to offer LE 9 bln in repos
CAIRO: Egypt's central bank said it will ask for LE 9 billion…
Egypt discussing finance package with Saudi, UAE
CAIRO: Egypt is discussing financial packages for budgetary and other support with…
Egypt ends up buoyed by Orascom Telecom
CAIRO: Egypt's benchmark ended higher after Orascom Telecom (OT) soared. OT ended…
Egypt’s Orascom Telecom up on Algerian unit report
CAIRO: Orascom Telecom climbed 10 pct after an Egyptian newspaper reported that…
Israel faces holiday palm shortage as Egypt bans export
JERUSALEM: An Egyptian decision to ban the export of closed palm fronds…
US ambassador highlights importance of economic opportunities in democratic transitions
CAIRO: In her first address to the American Chamber of Commerce last…
Suez Canal 8-month earnings up by 11.7 pct to $3.46 bln
CAIRO: Egypt's Suez Canal earned $3.458 billion in the first eight months…
Gas station owners deny responsibility for supply shortage
CAIRO: A group of 30 Cairo gas station owners demonstrated Sunday in…
Oil revival lifts Abu Dhabi 2010 nominal GDP 16 pct
ABU DHABI/DUBAI: Abu Dhabi's nominal economic output rose 15.9 percent in 2010,…