Holiday season looking gloomy for Egypt’s tourism sector
CAIRO: As Christmas and New Year’s time approaches, hotels in the…
Arafa nine-month net profit halves
CAIRO: Arafa Holding, Egypt's biggest garment exporter, posted a 50 percent fall…
OPEC oil deal puts Saudi back in charge
VIENNA: OPEC oil producers on Wednesday sealed their first new production limit…
Gold hovers near two-month lows as euro struggles
LONDON: Gold steadied on Wednesday, after having neared two-month lows the day…
Saudi sukuk may serve monetary policy goals
DUBAI: A proposed Islamic bond issue by Saudi Arabia is important not…
Volumes, foreign limits may deny UAE, Qatar MSCI upgrade
DUBAI: Low market liquidity in the United Arab Emirates and Qatar's failure…
Coca-Cola buys stake in Saudi beverage co for $980 mln
DUBAI: The world's largest soft-drink maker Coca-Cola Co acquired about half of…
Egypt to offer $1 bln in 1-year USD T-bills next week
CAIRO: Egypt's central bank said on Tuesday it would offer $1 billion…
Savola takes full control of two Egypt firms
JEDDAH: Saudi food group Savola has bought the remaining 22 percent stakes…
EBRD starts donor-funded work in North Africa
LONDON: The European Bank for Reconstruction and Development said on Tuesday it…