Latest Business News
South Africa puts continent high on BRICS’ agenda
CAIRO: The third summit of the BRICS leaders — heads of state…
IFC fund invests in Bahrain’s Ahli United Bank
CAIRO: The International Finance Corporation’s (IFC) Capitalization Fund will support expansion plans…
Egypt’s Amer says scrapping Porto Marina expansion
CAIRO: Egyptian real estate company Amer Group said on Wednesday it was…
CI Capital, CIB to partner with China Development Bank
CAIRO: Investment bank CI Capital and Commercial International Bank will develop a…
Oil falls below $120 on economic, demand concerns
LONDON: Brent crude oil futures fell below $120 on Tuesday for the…
Saudi plans $7 bln Egypt housing project: agency
CAIRO: A Saudi developer offered to invest up to $7 billion to…
EFG-Hermes board member Cararah resigns
CAIRO: Egypt's EFG-Hermes board member and head of brokerage Sherif Cararah has…
Egypt central bank accepts repos worth LE 8.36 bln
CAIRO: Egypt's central bank accepted LE 8.36 billion ($1.4 billion) in seven-day…
OT posts Q4 net loss of $178.8 mln
CAIRO: Egypt's Orascom Telecom (OT) posted a 2010 fourth quarter net loss…