Business
EFG-Hermes to more than double renewable energy investments it manages
May 5, 2016
EFG-Hermes to more than double renewable energy investments it manages
Egypt's EFG-Hermes is planning to increase the investments it manages in renewable energy to 1.5-2 billion euros in the next…
LE 6 billion to establish chain stores in 8 provinces: Minister
May 4, 2016
LE 6 billion to establish chain stores in 8 provinces: Minister
The Internal Trade Development Authority (ITDA), affiliated with the Domestic Trade and Supply Ministry, began Wednesday the second phase of…
Energy units lift Siemens’ profit well above forecasts
May 4, 2016
Energy units lift Siemens’ profit well above forecasts
German industrial group Siemens beat expectations for second-quarter profit as it accelerated a cost-cutting programme and lifted its savings target…
Afreximbank seeks to raise US$3 bln this year: bank president
May 4, 2016
Afreximbank seeks to raise US$3 bln this year: bank president
The African Export-Import Bank (Afreximbank) will seek to raise around US$3 billion this year via Eurobonds, syndications and bi-lateral and…
Saudi plans stock market reforms to draw foreign money
May 3, 2016
Saudi plans stock market reforms to draw foreign money
Saudi Arabia announced a string of reforms to its stock market that could attract billions of dollars of fresh foreign…
Tokyo slide keeps mood downbeat
May 2, 2016
Tokyo slide keeps mood downbeat
A 3 percent plunge in the Tokyo stock exchange and falls in European banking shares added to a gloomy global…
Kuwait freedoms make austerity drive tricky for government
May 2, 2016
Kuwait freedoms make austerity drive tricky for government
A three-day strike by oil workers in Kuwait last month over pay reforms shows the government faces considerable opposition as…
Halliburton and Baker Hughes scrap $28 billion merger
May 2, 2016
Halliburton and Baker Hughes scrap $28 billion merger
Oilfield services provider Halliburton Co (HAL.N) and smaller rival Baker Hughes Inc (BHI.N) announced the termination of their $28 billion…
Daimler hires Deloitte for internal emissions probe
May 1, 2016
Daimler hires Deloitte for internal emissions probe
Daimler (DAIGn.DE) has hired auditor Deloitte Touche Tohmatsu to help with an internal investigation into its diesel-engine emissions technology requested…
Blacklisted oil tanker returns to Libya’s Zawiya port
May 1, 2016
Blacklisted oil tanker returns to Libya’s Zawiya port
A tanker that Libya's rival eastern government had been using to try to export oil in defiance of the Western-backed…