Arabian Gulf Business Insight on MSN

Egypt to clear $1bn debt to oil companies by June

Egypt plans to clear outstanding payments to international oil companies as it moves to rebuild investor confidence and revive exploration activity, according to a statement issued by the cabinet. The ...
CAIRO (Reuters) - Egypt's foreign minister said on Monday the U.S. should make clear to Israel what the consequences of a military push into the south Gaza city of Rafah on the border with Egypt would ...
Vodacom Group inched towards closing an acquisition of a majority stake in Vodafone Egypt, with the former’s investors approving the transaction at an extraordinary general meeting. In a stock market ...
(Bloomberg) -- Egypt’s central bank eased foreign-currency restrictions in an attempt to clear a backlog of imports that’s contributed to soaring prices. Under the changes, lenders can now use ...