Latest Business News
Euro hits 16-month high above $1.46
LONDON: The euro jumped above $1.46 on Thursday for the first time…
Black Sea billet stable, Mideast absence weighs
LONDON: Black Sea region billet prices were little changed this week as…
Rocco Forte Hotels to renovate, manage Luxor property
CAIRO: Rocco Forte Hotels will help refurbish and then operate the Luxor…
S. Africa’s Rob Davies on the importance of BRIC
CAIRO: South Africa joined the BRIC summit in China in April as…
Oil slips on US jobless claims, demand concerns
LONDON: Oil prices reversed gains on Thursday after a smaller-than-expected decline in…
Markets seen consolidating; Egypt eyes Mobinil
DUBAI/CAIRO: Trading in Gulf Arab markets appears immune at times from turmoil…
Egypt economy to surpass Saudi Arabia by 2050, HSBC predicts
CAIRO: Egypt’s economy will be the largest market in the Middle East…
EFG Hermes closes VimpelCom-Wind Telecom deal
CAIRO: Regional investment bank EFG Hermes has closed the VimpelCom-Wind Telecom deal,…
Radwan says economy shrank 7 pct in Q3: paper
CAIRO: Egypt's economy contracted by an estimated 7 percent in the January-to-March…
South Africa puts continent high on BRICS’ agenda
CAIRO: The third summit of the BRICS leaders — heads of state…