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Monday, 09 January 2012
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UAE delays oil pipeline to bypass Hormuz
Postponement for the launch of a pipeline which would cut reliance on the contested Gulf waterway sparks a rise in oil prices
Iran bans unofficial money trades after rial slip
Lawmakers crack down on touts after currency slips 20 per cent against the dollar on the back of fresh US sanctions
Market Update: Egypt stocks close 0.6 pct up, turnover recovering
Egypt's Citadel says selling oil unit to Sea Dragon
Country's largest private equity firm will sell National Petroleum Company to Canadian energy developer for $147.5 million
Chinese authors sue Apple for copyright infringement
Group of 9 writers demands $1.9 million compensation from entertainment giant after alleged illegal online sale of their works
Khartoum Bourse launches electronic trade
Computerised system aims to attract investment on the stock exchange but needs to be back up new regulations and greater transparency, say traders
Market Update: Egypt stocks rise in midday trading
Egypt's Ezz Dekheila 9-month net profit steady
Economy
Rights group to sue Ganzouri, 50 ex-Egyptian ministers over corrupt privatisation
Egyptian Centre for Economic and Social Rights to sue current prime minister and others for corrupt sell-off of state assets
Finance minister defends govt appeal against Egypt renationalisations
Egyptian renationalisation petition gets 75,000 signatures
Market Report: Egypt stocks up 0.6 pct, turnover leaps as foreign buyers return from break
Bourse sees heaviest trade in nearly a month as foreign investors re-enter market and target select high-cap firms, though concerns remain
Fitch downgrades three Egyptian banks to BB-
Revisions are 'automatic' after the agency's decision to downgrade the country's currency default ratings at the end of last month
Vimpelcom confirms to sell Algeria unit to state
Algerian government will buy a 51 per cent stake in Orascom Telecom Algeria, branded as Djezzy, according to an advisor to the telecoms ministry
Libya NTC says to review investments worldwide
Top Libyan official says NTC will review all investments in Arab and African countries
IMF delegation to visit Egypt 15 January: Finance minister
Finance minister says Egypt will restart negotiations on a $3.2 billion loan from the IMF
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