Latest Business News
Gold hovers near two-month lows as euro struggles
LONDON: Gold steadied on Wednesday, after having neared two-month lows the day…
Saudi sukuk may serve monetary policy goals
DUBAI: A proposed Islamic bond issue by Saudi Arabia is important not…
Volumes, foreign limits may deny UAE, Qatar MSCI upgrade
DUBAI: Low market liquidity in the United Arab Emirates and Qatar's failure…
Coca-Cola buys stake in Saudi beverage co for $980 mln
DUBAI: The world's largest soft-drink maker Coca-Cola Co acquired about half of…
Egypt to offer $1 bln in 1-year USD T-bills next week
CAIRO: Egypt's central bank said on Tuesday it would offer $1 billion…
Savola takes full control of two Egypt firms
JEDDAH: Saudi food group Savola has bought the remaining 22 percent stakes…
EBRD starts donor-funded work in North Africa
LONDON: The European Bank for Reconstruction and Development said on Tuesday it…
OCI says wins $100 mln in power plant work
CAIRO: Egypt's Orascom Construction (OCI) said on Monday it won civil work…
Egypt 2011 tourism revenues seen down by a third
CAIRO: Egypt expects to earn about $9 billion from tourism in 2011,…
Egypt Islamists offer vision for sin-free tourism
CAIRO: Islamists are dominating Egypt's elections and some of them have a…