Latest Business News
Egypt’s OCI Q1 profit rises, upbeat on demand
CAIRO: Egypt's Orascom Construction (OCI) reported a 77 percent jump in first-quarter…
Egypt has 4 months wheat stocks, GASC says
CAIRO: Egypt, the world's biggest wheat importer, said on Wednesday it had…
Jordan agrees to new price for Egypt gas: paper
CAIRO: Jordan has agreed to a new price for the gas that…
Switzerland to return all frozen assets if proven illegal, says delegation
CAIRO: Switzerland will return 100 percent of assets obtained by members of…
Microsoft nears $8.5 bln Skype buy in web shift
NEW YORK: Microsoft is close to buying internet telephony network Skype in…
TUI Travel posts fresh losses on Egypt, Tunisia unrest
LONDON: TUI Travel suffered a net loss of £254 million (€290 million,…
AlembicHC raises Egypt’s Sidi Kerir price target
BANGALORE: AlembicHC raised its share-price target on Egypt's Sidi Kerir Petrochemicals Co…
Egypt inflation jumps to a year high on food prices
CAIRO: Urban consumer inflation in Egypt accelerated to 12.1 percent in April,…
Oil up over $2 at $111, helped by bargain hunters
LONDON: Oil rebounded by more than $2 on Monday due to bargain…