Latest Business News
Egypt budget deficit may top 10 pct in 2011/12: Radwan
RIYADH: Egypt's budget deficit may top 10 percent of gross domestic product…
EFG-Hermes board proposes 1-for-10 bonus share issue
CAIRO: The board of Egypt's EFG-Hermes has proposed increasing capital by distributing…
Telecom Egypt approves LE 1.30 cash dividend
CAIRO: Shareholders in Telecom Egypt approved a LE 1.3 ($0.22) cash dividend…
Egypt court scraps land sale to Palm Hills
CAIRO: An Egyptian court ruled on Tuesday that a state land sale…
Post-revolution, Egypt tourism remains in disarray
SHARM EL-SHEIKH: Hotel worker Meena George rejoiced when a popular revolt…
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…