Business

UAE, Oman and Iraq lead Middle East oil and gas transactions in 2013

UAE, Oman and Iraq lead Middle East oil and gas transactions in 2013

According to EY’s Global Oil & Gas Transactions report, the combined number of oil and gas transactions in the UAE,…
Govt plans to raise prices of high electricity consumption by 10-15%

Govt plans to raise prices of high electricity consumption by 10-15%

The Ministry of Electricity said on Sunday that the government plans to increase prices of high electricity consumption brackets by…
Finance minister predicts 11-12% budget deficit

Finance minister predicts 11-12% budget deficit

Finance Minister Hany Qadry Damian raised predictions for the budget deficit during the fiscal year 2013-2014 to 11-12 percent. This prediction…
Zaazou: seeking 2010 record of 15 mil tourists

Zaazou: seeking 2010 record of 15 mil tourists

Tourism Minister Hesham Zaazou said his ministry's plan for 2014 is to restore 2010's record of 15 million tourists which…
Coca-Cola plans to pump US$500m in Egypt, Minister

Coca-Cola plans to pump US$500m in Egypt, Minister

Coca-Cola international plans to invest US$500 million in Egypt during the next three years, Minister of Investment, Industry and Foreign…
Global Telecom’s loss reaches US$924 million in 2013

Global Telecom’s loss reaches US$924 million in 2013

Global Telecom Holding has just released its 4Q2013 results.
Egypt lobbies Germany to ease travel advisory: minister

Egypt lobbies Germany to ease travel advisory: minister

Egypt is urging Germany to ease its advice against travel to the entire Sinai peninsula after security concerns following the…
Egypt mulls the importing of Iraqi gas surplus from Jordan

Egypt mulls the importing of Iraqi gas surplus from Jordan

Minister of Petroleum and Mineral Resources Sherif Ismail said on Wednesday that Egypt is willing to take advantage of the…
EFG Hermes completes US$150 mn exit from Damas jewelers

EFG Hermes completes US$150 mn exit from Damas jewelers

EFG-Hermes, the leading investment bank in the Arab world, sold 19 percent of stakes in Damas International Limited owned by…
Talaat Moustafa holding’s profits grow 7% in 2013

Talaat Moustafa holding’s profits grow 7% in 2013

Talaat Moustafa holding Group announced that net profit in 2013 rose 7 percent to LE585 million in 2013. The company had…
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