Orascom acquitted of Egyptian tax evasion claims
Reuters - Orascom Construction has been cleared by an Egyptian public prosecutor…
Bread distribution system is a failure: Minister of Supply
The government’s subsidised bread programme has “allowed bakery owners to smuggle flour…
Foreign reserves reach $17.3bn in February
After a steady six month decline, foreign reserves rose for the second…
Egypt’s GB Auto posts 40% fall in Q4 profit
Reuters - Egyptian auto distributor GB Auto reported a 40.6% drop in…
Egypt watchdog allows investment funds to manage insurers’ cash
Reuters - Egypt’s financial watchdog will allow insurance and reinsurance companies operating…
UAE’s Etisalat misses forecast with 70% profit leap
Etisalat’s 2013 full-year net profit rose to AED 7.08bn from AED 6.74bn…
Bahrain’s Al Salam Bank launches Asian Islamic REIT
Reuters - Bahrain’s Al Salam Bank has launched a listed sharia-compliant real…
Tunisia’s economic woes could become ‘catastrophic’: PM
Tunisia’s economic recovery since its 2011 “Arab Spring” revolution has been hampered…
Kuwait’s Zain says finalises $800m, five-year loan facility
Reuters - Kuwait’s Zain has finalised an $800m, five-year loan facility from…
Dubai’s DAMAC triples profit as property sales surge
Reuters - Dubai luxury real estate developer DAMAC tripled its 2013 net…