Latest Business News
Spillover of global economic turmoil further stress on Egypt, says economist
CAIRO: The European sovereign and banking crises as well as the American…
OCI Q3 net up 24 pct, matching consensus
CAIRO: Egypt's Orascom Construction (OCI) said on Monday its net income for…
EIPICO says 9-month net profit up 0.5 pct
CAIRO: Egyptian drug maker EIPICO's 2011 nine month net profit rose 0.5…
Olympic says 9-month net loss LE 248.7 mln
CAIRO: Egypt's Olympic Group said on Monday it had a net loss…
Actis closes $434 mln deal in South Africa, eyes Egypt
CAIRO: Actis, a pan-emerging markets private equity fund, led a consortium in…
UAE’s Al Futtaim eyes $1.3 bln for Qatar, Egypt plans
DUBAI: Al Futtaim Group, a UAE-based conglomerate, is planning to raise around…
Hungary seeks IMF help; Egypt CDS, FX hit by turmoil
LONDON: The Hungarian forint skidded more than 1 percent against the euro…
Stocks tumble on Cairo unrest
CAIRO: Egypt's benchmark stock index tumbled more than 2 percent on Sunday…
T-bills rise to 3-yr high, auction trimmed
CAIRO: Egypt's central bank reduced the size of its treasury bill auction…
Egypt to formally seek IMF financing, says minister
CAIRO: Egypt will formally ask the International Monetary Fund to start negotiations…