Latest Business News
Egypt to rely on local market for financing: finance minister
ABU DHABI: Egypt has no plans to issue an international bond currently…
Most markets up as Europe early gains ease fears
DUBAI: Most Middle East markets rose on Tuesday as a positive opening…
Growth, trade sluggish in 2011, finds UN report
CAIRO: The overall recovery of the world economy is slowing down in…
Brent crude oil over $111 on stimulus hopes
LONDON: Brent crude oil rose above $111 per barrel on Tuesday as…
AlembicHC raises Telecom Egypt price target
CAIRO: AlembicHC raised its price target on Telecom Egypt Co SAE and…
OCI sees orders up on infrastructure after Q2 gains
CAIRO: Egypt's Orascom Construction (OCI) posted a 15 percent rise in second-quarter…
Egypt foreign reserves dip in August
CAIRO: Egypt's net foreign reserves slipped to $25.01 billion last month from…
Minister of Health announces salary increases
CAIRO: Minister of Health Amr Helmy announced a plan to raise the…
Glencore signs fuels contract with Libya’s NTC
BENGHAZI: Commodities trader Glencore has signed its first contract to deliver fuels…
Brent slips below $111 on US recession fears
LONDON: Brent crude oil fell below $111 a barrel on Monday as…