Economy - Business - Ahram Online

Economy

OPEC says Libya back to full oil production by mid-2012

War-wrecked nation is making a surprisingly quick recovery despite the destruction of a tenth of its production facilities, says chief of oil body

Airlines: 2011 profits down because of oil prices

Global aviation group says industry could lose over $8.3 billion if the Eurozone crisis is not resolved

Market Update: Egypt major stocks gaining slightly by mid-Wednesday

Algeria says to change energy law to draw investors

Energy minister says level of tax levied on foreigners will be reviewed, as well as the terms of production-sharing contracts, in a bid to boost involvement

Market Update: Egypt stocks close Tuesday up 0.12 per cent

Market Update: Egypt stocks climb back into green late Tuesday

South Africa considering issuing Islamic bonds

Country's treasury looks to meet a growing global appetite for government-backed Sharia-compliant investments

Eurozone official growth stagnates at 0.2 per cent in third quarter

Egypt army, police to guard cooking gas supplies

Forces are deployed to combat thefts and black market trading of butane cooking gas cylinders, as shortages cause countrywide chaos

UAE banks face fresh headwinds: Fitch

Banks in the United Arab Emirates are taking a hit from the global economic slowdown, with the effects felt hardest in trade, tourism and real estate, says ratings agency

Russia rejects Iran oil ban: Energy minister

Russia says it is not on board with the ban on Iran imports, as energy supplies should not be used to exert pressure on countries

Market Report: Salafist threats fail to impact Egyptian markets

Egyptian stocks ended the day in the green after two sessions of losses, despite controversial statements by a Salafist leader about Islamicising the economy

A private matter: El-Ganzouri's 1990s sell-off of state firms comes under scrutiny

Egypt's new prime minister oversaw the sell-off of 70 companies during his 1996-99 term in office, but a wave of post-uprising court cases are challenging those orders

Standard & Poor's puts 15 Eurozone countries on credit watch

Rating agency's decision, which includes top-ranked nations Germany and Luxembourg, threatens to throw the continent's bailout mechanism into disarray

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