Melrose cuts FY production outlook; eyeing asset buys
BANGALORE: Melrose Resources cut its full-year production forecast for the second time…
Mideast economy hoping for Ramadan rebound
DUBAI: Businesses in the Middle East are betting that Ramadan, the high-grossing…
Nomura cuts price target on Telecom
CAIRO: Nomura cut its price target on landline monopoly Telecom Egypt Co…
OCI wins power station deal worth $181 mln
CAIRO: Egypt's Orascom Construction (OCI) was awarded a project worth $181 million…
Actis acquires Jordan card company for $87 mln
CAIRO: Actis, a pan-merging markets private equity investor, said Tuesday that their…
Mobinil shareholder Sawiris says no stake sale plan
CAIRO: Egyptian telecoms magnate Naguib Sawiris said on Wednesday he had…
Google acquires Motorola Mobility for $12.5 bln
CAIRO: Google is entering the mobile computing competition and increasing its patent…
Egypt’s new gas source to begin production in November
CAIRO: A recently discovered gas source in Egypt’s Western Sahara desert could…
Hollywood film giant links with China distributor
Relativity Media, the production company behind "The Social Network," has teamed up…
Ministry of health to inject LE 940 million into salaries
CAIRO: A total of LE 940 million will be allocated to salary…