Latest Business News
OT agrees to pay Telecel back taxes as VimpelCom deal deadline approaches
CAIRO: Orascom Telecom (OT) has agreed to pay $3 million in back…
Saudi Nov inflation unchanged at 5.8 pct yr/yr
JEDDAH: Saudi Arabia's annual inflation remained unchanged from the previous month at…
Iran hikes gasoline price four-fold as subsidies cut
TEHRAN: The price of gasoline will rise four-fold in Iran in the…
Mercosur inks tariff deal with Egypt, others
FOZ DO IGUACU: South America's Mercosur trade partners signed a preferential tariff…
Egypt’s central bank leaves key interest rates unchanged
CAIRO: Egypt's central bank kept its key overnight interest rates steady on…
Egypt to receive $100 mln World Bank loan to modernize irrigation
CAIRO: The World Bank approved Thursday a $100 million loan to support…
Hellenic Petrol sells drilling rights in Egypt
ATHENS: Greece's biggest refiner Hellenic Petroleum has sold rights to drill for…
Libya to fund most of $20 bln Egypt housing project
Libya will bankroll most of a LE 116 billion real estate project…
Egypt to allow short-staple cotton imports: paper
Egypt is planning to allow imports of short-staple cotton to meet the…
HDB nine-mth profit down 13.3 pct
Egyptian lender Housing and Development Bank (HDB), preparing for a possible merger,…