Latest Business News
Aramco to boost oil drilling rigs to pre-2009 levels: sources
KHOBAR: State oil giant Saudi Aramco plans to raise the number of…
Egypt’s economy to grow 3.1 pct in FY 2012/13
CAIRO: Egypt's economy will grow by only 1.8 percent this fiscal year…
FDI in Egypt plummets over the summer
CAIRO: Foreign investment in Egypt plummeted over its summer to almost a…
OCI plans to demerge fertilizer businesses
CAIRO: Orascom Construction Industries (OCI) said it is planning a demerger of…
Political challenges cloud Egypt’s economic outlook: report
CAIRO: With a neutral outlook for markets of the Middle East and…
Oil gains on supply fears, better data
LONDON: Threats to supply in Iran and Kazakhstan and stronger economic data…
Egypt to implement maximum wage as it battles budget deficit
CAIRO: Egypt's Prime Minister Kamal El-Ganzoury said Tuesday that the public sector…
Hikma gets up to $110 mln from World Bank lender
LONDON: Jordan-based Hikma Pharmaceuticals is to receive up to $110 million in…
Renewed clashes add pressure to Egypt’s struggling economy
CAIRO: Egypt’s main index recouped Monday some of the previous day's losses,…
Etihad snaps up stake in debt-laden Air Berlin
FRANKFURT: Etihad Airways threw a lifeline to ailing Air Berlin and gained…