China’s monetary sterilization
By Fan Gang BEIJING: Not long after the United States Federal Reserve Board announced its second round of “quantitative easing” (known as QE2), the People’s Bank of China (PBC), China’s central…
Air Arabia Egypt launches daily Alex-Cairo bus service
Air Arabia Egypt launched a daily bus service between Alexandria and Cairo, the airline said in a statement, in response to increasing demand. From its Alexandria hub, Air Arabia Egypt…
Arafa 9-month net profit more than doubles
Arafa Holding, Egypt's biggest garment exporter, saw its net profit more than double in the nine-month period from February to October, the Egyptian stock exchange said on Sunday. Net profit…
Avanti Dilettanti!
By Joschka Fischer BERLIN: Returning to Europe lately after a six-day trip to the United States, I wondered for the first time while reading the press on the recent Irish crisis…
Egypt court to review land sale case next month
An Egyptian court has delayed until January 8 a hearing on whether the government must auction state land that was sold directly to Talaat Moustafa Group (TMG) for its flagship…
SODIC approves stock split with new ratio
SODIC, Egypt's third-biggest listed property developer, said on Monday its board approved a 2-1/2 for one stock split, in line with a new ratio suggested by the financial regulator. The…
Egypt pound at weakest vs dollar since Feb 2005
The Egyptian pound fell on Monday to its weakest level against the US dollar since February 2005, with traders saying foreigners are closing some positions in Egyptian securities as the…
Egypt, Sudan and Libya to confer ahead of key vote
KHARTOUM: Leaders of Sudan's two most powerful neighbors will be meeting with the president in Khartoum Tuesday to discuss the future of the country ahead of a referendum that could…
Gulf firms wary of investing in southern Sudan
DUBAI: Political uncertainty and fear of conflict will deter several Gulf firms from investing in southern Sudan as it prepares for a referendum next month that will likely lead to…
Morocco: Positive tale for retail
By Oxford Business Group Morocco’s retail sector is set to undergo a major shift in the coming years as large-scale purpose-built retail areas become more prevalent but moves away from traditional…
