Latest Business News
SODIC posts Q3 net profit; revenue soars
CAIRO: SODIC, Egypt's third-biggest listed developer, posted a third-quarter net profit of…
Egypt draws up route for 4th Cairo metro line
CAIRO: Egypt has charted out the final route of a planned LE…
Iran again delays phasing out fuel subsidy, says agency
TEHRAN: Iran will continue to provide motorists with rationed gasoline for another…
Bulgaria opens way to start LNG talks with Qatar
By Irina Ivanova/ Reuters SOFIA: Bulgaria and Qatar have signed a confidentiality deal…
Iraq 2011 budget proposal based on $73 oil, says official
BAGHDAD: Iraqi officials proposed a 2011 budget based on a $73-per-barrel oil…
Iran to issue bonds worth 5 billion euros
TEHRAN: Iran will issue bonds worth some 5 billion euros ($7 billion)…
Axiom seeking $1 bln IPO via institutional offering
DUBAI: UAE handset retailer Axiom Telecom said on Sunday it expects to…
Orascom says legal action over Djezzy last resort
Egypt's mobile phone company Orascom Telecom said it still hoped to…
China vice-president hails increased investment in Africa
PRETORIA: Chinese Vice President Xi Jinping on Thursday called on the…
World Bank disbursed $80.6 bln to deal with crisis: report
CAIRO: The World Bank Group disbursed a total of $80.6 billion…