Business
Iran to invite foreign companies to bidding on oil and gas
October 16, 2016
Iran to invite foreign companies to bidding on oil and gas
Iran’s oil ministry website says the country will invite foreign companies on Monday to bid for oil and gas projects…
Saudi finance ministry to close annual accounts early in austerity step
October 16, 2016
Saudi finance ministry to close annual accounts early in austerity step
Saudi Arabia's finance ministry will close its accounts for this year's budget on Nov. 15, the ministry said on Sunday…
Etisalat Misr, Vodafone Egypt sign 4G licence deals in Egypt
October 16, 2016
Etisalat Misr, Vodafone Egypt sign 4G licence deals in Egypt
Vodafone Egypt and Etisalat Misr have signed licence deals allowing them to operate fourth-generation (4G) mobile services in Egypt, the…
Orange Egypt signs 4G licence deal worth $484 mln
October 15, 2016
Orange Egypt signs 4G licence deal worth $484 mln
Orange Egypt signed a licence deal on Thursday, paying $484 million to operate fourth-generation mobile phone services in the country…
Saudi Arabia, SoftBank aim to be world’s No. 1 tech investor with $100 billion fund
October 14, 2016
Saudi Arabia, SoftBank aim to be world’s No. 1 tech investor with $100 billion fund
Saudi Arabia and Japan's SoftBank Group (9984.T) will create a technology investment fund that could grow as large as $100…
Citizens mob vehicles selling subsidized foodstuffs at discounted prices
October 14, 2016
Citizens mob vehicles selling subsidized foodstuffs at discounted prices
Thousands of people in the city of Matariyya, in Daqahlia governorate, crowded around vehicles selling subsidized foodstuffs and gas cylinders…
Egypt’s stock market gains on $2 bln Saudi deposit
October 13, 2016
Egypt’s stock market gains on $2 bln Saudi deposit
Egypt's stock market jumped in early trade on Thursday after news that the central bank had last month received a…
Central Bank seeks to buy gold from treasury to bolster foreign reserves
October 13, 2016
Central Bank seeks to buy gold from treasury to bolster foreign reserves
An official source has confirmed that the Central Bank of Egypt (CBE) has called upon the Ministry of Finance to…
Suez Canal Authority seeks advance-payment deal with Global Maritime
October 12, 2016
Suez Canal Authority seeks advance-payment deal with Global Maritime
The Suez Canal Authority is exploring a possible deal with shipping company Global Maritime that would see the company paying…
Sugar hits LE11 per kilo, with supply only 60% of demand
October 12, 2016
Sugar hits LE11 per kilo, with supply only 60% of demand
The sugar crisis continued on Tuesday, with supplies only meeting 60 percent of demand, according to the industry sources, while…