Sudan's Kenana Sugar output to soar within a year
MARRAKESH: Sudan's Kenana Sugar Company expects its raw cane sugar capacity to grow to 700,000 tons from 400,000 tons within a year as it launches a new project by the…
Oil falls below $72 after weak macro data
LONDON: Oil prices slid below $72 a barrel on Wednesday and looked set to fall for a third straight session after a raft of negative data stoked concerns about the…
Malaysian debate highlights sharia pricing dilemma
KUALA LUMPUR: Malaysian sharia bankers on Wednesday dismissed as impractical a proposed Islamic pricing benchmark, highlighting the industry's struggle to replace conventional interest rates as a pricing tool. Despite the…
UAE's Etisalat in India talks; Reliance Comm surges
ABU DHABI/MUMBAI: Abu Dhabi's Etisalat confirmed it is looking to buy a stake in an Indian mobile operator, after a report that it was in talks with cash-hungry Reliance Communications…
High default rates, regulations challenge Egypt's SMEs
CAIRO: Default rates on loans handed out to small and medium enterprises (SMEs) reach 12 to 13 percent, said Khaled El-Defrawy, director of SMEs’ Corporate Banking at the National Bank…
TE to keep Vodafone Egypt ownership structure
CAIRO: Telecom Egypt, Egypt's fixed-line monopoly, said on Tuesday it would not increase its 45-percent stake in Vodafone's Egypt unit following talks with the British firm, Reuters reported. "The parties…
Dominican champion swims across the world to promote MDGs
CAIRO: When Dominican Republic and world ultra distance open water swimming champion, Marcos Diaz, was invited at a high school United Nations model to speak about UN Millennium Development goals…
Singapore, Egypt to cooperate in transport
Transport Minister Alaa Fahmi met Hungary and Singapore ambassadors in Cairo to discuss an exchange of expertise in the transport domain, the State Information Service reported. Fahmi also met Singapore…
Ain Sokhna port hits snags
Exporters say that an ongoing dispute between the Egyptian government and Dubai World, the company which runs the port of Ain Sokhna, has resulted in a halt on cargo exports…
Egypt government plans to improve irrigation, water use
Egypt needs a plan to develop its irrigation system and optimize its water sources, Prime Minister Ahmed Nazif said yesterday in a meeting attuned by the ministers of finance, agriculture,…