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Abraaj Capital, the Middle East's largest private equity firm, has boosted investment in Egypt despite the country's political turmoil and is now eyeing the acquisition of an oil services firm, its chief executive said in remarks published on Tuesday.
November 1, 2011 12:13American oil and gas company Apache Corp plans to increase investments in its Egypt operations by $1.5 billion starting in 2012, Egypt's General Authority for Free-zones and Investments (GAFI) said on Saturday.
October 30, 2011 2:57Lebanon's Bank Audi said it had won approval to open a subsidiary deposit bank in Turkey with share capital of $300 million.
October 29, 2011 3:05Q3 net profit 48 million dirhams, up 3 percent; Third-quarter revenues 651 million dirhams; Profits hit by uncertainties in Egypt, oil prices
October 27, 2011 2:09Egyptian Resorts says missed 2011 sales target; Firm in talks with gov't to settle dispute on contested land; Strong domestic demand, fundamentals will help economy-CEO
October 27, 2011 11:35
One underlying effect of the financial crisis is that it undermines legitimacy of authority. Rhetoric and tactics against the 1% global elite is shared around the world.
October 11, 2011 2:26
Companies in Egypt feel the squeeze amid demands for higher pay. Meanwhile the government has hiked minimum wage 67 percent but unions say it’s still low as staff strikes continue.
October 9, 2011 1:00
Email scammers are using the Arab Spring to lure people into giving away money in exchange for bogus millions in assets from deposed leaders.
October 5, 2011 12:42
As Paris Gallery seeks new homes elsewhere outside the MENA region, has the company had a deeper change of heart then it lets on, asks Precious de Leon
October 3, 2011 3:33
Despite spending close to $5.5 billion a year on food subsidies, Egypt remains criticised for encouraging waste and distorting agriculture. Looming elections make fate of any reforms uncertain.
October 1, 2011 1:21Egyptian group Orascom Telecom's Bangladesh unit will pay 19.8 billion taka ($263 million) over three years in spectrum and licence renewal fees, it said on Monday.
September 27, 2011 11:24Dubai port operator DP World has reopened its Ain al-Sokhna port in Egypt after a temporary shutdown caused by labour strikes, the head of the Red Sea Ports Authority said on Monday.
September 26, 2011 2:27The United Nations atomic agency ended its annual member state meeting in disunity late on Friday, with delegates unable to adopt a resolution on a policy area central to its work in preventing the spread of nuclear weapons.
September 24, 2011 4:30Egypt is discussing financial packages for budgetary and other support with Saudi Arabia and the UAE that could exceed a total of $5 billion based on figures initially proposed, the Egyptian finance minister said on Monday.
September 19, 2011 11:12Vote will be held in stages to allow judicial supervision; Military to meet political parties to discuss the poll; First free election after decades of autocratic Mubarak rule
September 18, 2011 10:26
As Prime Minister Erdogan showcases Turkey's prestige on a visit to the White House, the country has its ratings upgraded...
May 19, 2013 9:45
The Emirates Identity Authority is 'keen' on making its ID cards more functional.
May 16, 2013 5:57
The airline said there had been little impact on May 15 from a strike in protest over pay and previous sackings.
May 16, 2013 2:57
Controversial views from the clothing company's CEO causes huge backlash.
May 16, 2013 2:43
Michael Fay forged papers and operated as a pilot for Afriqiyah Airways for eight months. . .
May 14, 2013 11:26
