Latest Business News
Fuel shortage to blame for electricity blackouts: Ministry of Electricity
To address ongoing fuel shortages, the Ministry of Electricity says the country…
Petroleum sector receives $58m in investments
Egyptian petroleum firm planning to produce 31,500 barrels of oil per day…
Deregulation in private sector harmful to female professional growth: World Bank
Women face greater barriers of entry and higher levels of discrimination following…
MidEast Stocks: Egypt crosses key level as financials rise; Gulf markets mixed
Reuters – Egypt’s bourse surged on Sunday to a new 65-month high…
Bahraini Islamic Bank Al Baraka Q4 net income climbs 23%
Al Baraka says it plans to add 81 branches to its network…
G20 vows to add $2tn to world economy to lift growth
US Treasury Secretary Jack Lew stressed at a press conference that the…
France’s insurance giant to take major stake in UAE’s Green Crescent Insurance
Reuters – French insurance giant AXA Group and its partner in the…
Coach blast knocks back Egypt’s tourism recovery
Tour operators had been nursing hopes of better days after a dire…
Islamic banking headway in North African banks still slow: Standard and Poor’s
S&P value total Islamic banking assets in Egypt at around $11.6bn
Banks should contribute to all economic sectors equally: Bankers
“What matters for banks is the ability to meet deadlines for loan…