Centamin raises 86 mln stg in placing, shares drop
Centamin Egypt said it raised about LE 86 million in a share placing, although the price was at a 7 percent discount to the gold producer's closing price on Wednesday…
Palestinians weigh options as US concedes talks defeat
RAMALLAH: As Washington admits it has failed to find a way to salvage direct peace talks, the Palestinians are looking at alternatives, boosted by diplomatic support from Latin America. Over…
Orascom Devt to launch tender for OHD minorities
Property developer Orascom Development (ODH) will launch a public tender offer to remaining minority shareholders in its unit Orascom Hotels and Development, the company said on Wednesday. Swiss-listed ODH said…
Debt refinancing crucial for Weather deal: Altimo
Russia's Altimo sees Vimpelcom's $6.6 billion deal for Weather closing "in the middle of the first half of 2011" provided that the Russian telecoms group succeeds in debt refinancing talks,…
Gasoline, naphtha tight on refinery shutdowns
DUBAI: Supply tightness kept gasoline and naphtha premiums firm in the Middle East, with traders seeing no sign of easing until early 2011 on the back of continuing refinery maintenance…
Egypt tenders four PPP ‘mega-projects’
Egypt has approved to offer four mega-infrastructure projects under the public private partnership system, reported Al-Ahram. The Supreme Committee for PPP agreed to tender four mega-projects in infrastructure and transport,…
Sewedy in Ghana wind project talks: paper
Egyptian group El Sewedy Electric is negotiating with Ghana to install a wind power project with investments of $350 million to $400 million, a newspaper said on Thursday. Sewedy would…
Bahrain: Improving the flow
By Oxford Business Group Major upgrades to the kingdom’s ports and roads as part of a long-term drive to strengthen logistics are raising the prospects of job creation and the interest…
Egypt November core annual inflation rises to 8.58 pct
Egypt's core annual inflation accelerated to 8.58 percent in the year to November from 7.75 percent in October, the central bank said on Thursday, higher than analysts' forecasts. Four analysts…
Ivory Coast crisis threatens peace, economy, say analysts
ABIDJAN: In Ivory Coast, two presidents plus two governments add up to one big crisis that raises the threat of armed conflict and undermines the economy for its impoverished people,…
