Business - Ahram Online

Business

S.Africa's deputy president welcomes Wal-Mart deal

Despite legal challenges for Wal-Mart's $2.4 billion investment in South Africa, the country's deputy president welcomed the American Retail giant entrance into the local market

Darth Vader claims land plot in Ukraine

Dark Lord visits Odessa mayor's office after city authorities grant premium coastal land to a group for free, prompting concerns about corruption

Gulfsands reaches deal with Syria on oil payments

British oil producer, which has output by a fifth, says it will continue operations in the troubled country unless new sanctions make it illegal to do so

One in four Israelis living in poverty: study

Arab Israelis and ultra-Orthodox Jews are the most impoverished groups in the country, which has one of the largest gaps between rich and poor in the OECD

Italian industrial orders plunge in September: official data

Figures are a bad omen for new government, desperate to battle off a debt crisis that could engulf the Eurozone

South Sudan ministry, not Glencore, to sell oil

Ministry say it is the principal seller of newly-independent country's crude, ruling out a marketing role for Glencore

Egypt sells LE2.975 billion in treasury bills, yields jump

Central bank sells less than offered after average yields edge near 14 per cent

More than 1 in 5 U.S. children poor, Census says

The number of children in the United States considered poor rose by 1 million in 2010, the U.S. Census said Thursday, with more than one in five of the youngest Americans now living in poverty

Economy

Egypt sees $17 m injected last week in new enterprises, creating 1,536 jobs

Total capital injected in new enterprises reached LE103 million ($17.1 million), with 94 per cent coming from Egyptian investors and the rest divided between Arabs and non-Arab foreigners

US to sanction Iran's petrochemical industry

Washington wants to send a strong signal after the U.N. nuclear watchdog issued a report saying Iran appeared to have worked on designing an atomic bomb and may still be secretly carrying out related research

Syria stops paying Total for oil output

As a retaliation on EU sanctions imposed on Al-Assad's regime, the Syrian government halted payments to French oil company Total until its oil exports are resumed

Egypt inclined towards $3.2 billion IMF loan: minister

Hazem El-Beblawi gives his strongest indication yet that country will accept the previously rejected funding

Egypt has most billionaires in Africa: Forbes report

Inaugural list of Africa's 40 richest people features 7 Egyptians, the majority of them members of the Sawiris and Mansour families

Syria’s crisis-hit economy under further pressure

Sanctions imposed after Assad's bloody crackdowns are 'slowly bleeding the economy to death' as contracts are cancelled, sales tumble and unemployment soars, say economists

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