Latest Business News
UK’s EIIB in talks with Rasmala for 30 pct stake: sources
DUBAI: European Islamic Investment Bank is in talks to acquire a 30…
Egypt’s outsourcing sector still going strong
CAIRO: Egypt’s outsourcing industry reached its goal of $1.1 billion in ICT…
Jordan, Egypt ink amended gas deal
AMMAN: Jordan has signed a revised natural gas deal with Egypt under…
Moody’s cuts Egypt bond rating one notch to B2
CAIRO: Moody's Investors Service said it downgraded Egypt's government bond rating from…
Aramco to boost oil drilling rigs to pre-2009 levels: sources
KHOBAR: State oil giant Saudi Aramco plans to raise the number of…
Egypt’s economy to grow 3.1 pct in FY 2012/13
CAIRO: Egypt's economy will grow by only 1.8 percent this fiscal year…
FDI in Egypt plummets over the summer
CAIRO: Foreign investment in Egypt plummeted over its summer to almost a…
OCI plans to demerge fertilizer businesses
CAIRO: Orascom Construction Industries (OCI) said it is planning a demerger of…
Political challenges cloud Egypt’s economic outlook: report
CAIRO: With a neutral outlook for markets of the Middle East and…
Oil gains on supply fears, better data
LONDON: Threats to supply in Iran and Kazakhstan and stronger economic data…