Latest Business News
German energy giant RWE to sell Egyptian assets: report
BERLIN: German energy giant RWE has put its assets in Egypt up…
Copper up in thin trade on growth hopes, data eyed
LONDON: Copper rose in thin trade on Friday as an optimistic outlook…
China replaces Iran oil with Mideast, Africa, Russia
BEIJING/SINGAPORE: China has bought enough spot crude from the Middle East, Africa…
IMF sees high Saudi spending, budget surplus in 2012
DUBAI: Saudi Arabia is expected to maintain a high level of government…
Gold climbs as ECB tender lifts euro
LONDON: Gold rose on Wednesday as the euro continued its break higher…
Major traders win 9 pct of Libyan oil exports
LONDON: Libya has agreed to supply oil to four major European trading…
UK’s EIIB in talks with Rasmala for 30 pct stake: sources
DUBAI: European Islamic Investment Bank is in talks to acquire a 30…
Egypt’s outsourcing sector still going strong
CAIRO: Egypt’s outsourcing industry reached its goal of $1.1 billion in ICT…
Jordan, Egypt ink amended gas deal
AMMAN: Jordan has signed a revised natural gas deal with Egypt under…
Moody’s cuts Egypt bond rating one notch to B2
CAIRO: Moody's Investors Service said it downgraded Egypt's government bond rating from…