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Saudi Arabia To Remain Biggest Producer Of Oil
Saudi Arabia, the biggest oil producer in the world with a proven reserve of 264 billion barrels, could continue…
Egypt’s Alcotexa Sells 1.309 Tons Cotton In Past Week
Egypt's Alexandria Cotton Exporters' Association (Alcotexa) committed to sell 1,309 tons of cotton in the week that…
Gold Carries On Falling After Poor US Data
Gold inched down on Monday, extending losses to a third session, on a lack of conviction the U.S. Federal Reserve…
Egypt Buys Further Wheat, Has Six Months Stock
Egypt's state wheat buyer said on Sunday it had surpassed its local procurement target by 700,000 tons and had a…
TMG Shares 7% Down As Judges Recommend Halt to Madinaty Deal
Shares in Egyptian real estate group Talaat Moustafa Group (TMG) (TMGH.CA) slipped 7 percent on Sunday after a…
Total’s $20 Billion 2012 Investment Backed By Oil Price: CEO
Total SA (FP)’s plan to invest $20 billion this year and more in 2013 will be aided by oil prices at about $100 a…
Dollar Gains Most In 10 Months Against Euro
The dollar climbed the most since September against the euro as investors sought refuge after U.S. job growth fell…
Egyptian Pound Sets For First Weekly Gain, Dollar Bonds Rose
The Egyptian pound is headed for the first weekly gain in five after stocks climbed and on signals there won’t be a…
OTMT’s Zimbabwe Unit Appoints Francis Mawindi As New CEO
Orascom Telecom Media & Technology Holding (OTMT.CA)’s unit Telecel Zimbabwe Ltd. appointed Francis Mawindi as…
BG Egypt Starts Gas Production From WDDM Phase 8b On June 27
BG Egypt started gas production from Phase 8b of its West Delta Deep Marine concession (WDDM) on June 27, the…