Arabtec denies plans to acquire Kuwait’s Kharafi National
Reuters - Dubai builder Arabtec on Wednesday denied that it planned to…
Smartphones dissect lives of navel-gazing owners
Research house Canalys predicts sales of connected bracelets and watches will surge…
Banking outlook remains negative, unchanged since 2011: Moody’s
Government continues to rely on local banks to fill funding gap in…
IFC exploring alternative energy, infrastructure projects in Egypt
Diversifying energy sources is crucial to achieving economic development, IFC vice president…
Government aiming to boost public awareness of energy subsidies issue
“The next government will not be able to cut energy subsidies, nor…
EGP 2.38bn to be allocated from budget ‘to supply necessary goods’ to citizens: Galal
Oil sector will receive EGP1.106bn, ministry says in an official statement
Moody’s says Egypt banking sector outlook still negative
Moody’s cited “banks’ high and increasing exposure to Caa1-rated Egyptian government debt”,…
Finance minister provides Public Transport Authority with EGP 15.2m
Allocated finances aim to enhance authority’s liquidity and support services offered to…
Dodgy data obscures reality of Gulf’s economic boom
Reuters – Saudi Arabia’s economy chugged along at modest annual growth rates…
Arab Contractors net profits down 33.3% year on year
Net profits register EGP 336m in FY 2012/2013, compared to EGP 505m…