Latest Business News
Vimpelcom may rethink strategy if no Orascom deal
Russian group Vimpelcom will have to rethink its development strategy should its…
Egypt 182-day T-bill avg yield rises after protests
The average yield on Egyptian 182-day treasury bills rose about 40 basis…
Egypt wheat buying normal, has 6-mth supply: GASC
Egypt, the world's biggest wheat importer, has secured enough wheat supplies to…
Oil prices drop on profit-taking, Japan downgrade
LONDON: World oil prices fell on Thursday as traders took profits after…
Bahrain’s Batelco still looking at Zain Saudi stake
DUBAI: Bahrain Telecommunications (Batelco) is still eyeing a stake in Zain's Saudi…
Emaar launches $500 mln sukuk at 8.5 pct, say sources
DUBAI: Emaar Properties, which built the world's tallest building, priced a $500…
Sony to release new PlayStation Portable this year
TOKYO – Sony said the successor to its PlayStation Portable machine will…
EGX 30 slides 10 percent after trading resumes
CAIRO: Trading resumed on Egypt’s stock market after a 40-minute suspension early…
Credit card usage on the rise in Egypt
The usage of credit cards has significantly increased over the past year,…