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Business

Qatar comes to rescue of Germany's Solarworld

Qatar Solar provided a vital capital injection to the German solar panel manufacturer in return for a 29 percent stake in the company, as it struggles against Asian competition

EU's billion-euro aid to Egypt 'ineffective': Audit

European Union aid to Egypt spent between 2007 and 2013 was ineffective in bettering democracy and human rights says report

Indonesia president defends fuel hike plan after protests

Thousands protest in Jakarta and nationwide as Indonesian lawmakers approve plan to reduce fuel subsidies expected to raise the price of fuel by an average of 33 percent

Turkey has seen $1.35 bln exit stock market since late May

Oil rises above $98 ahead of Fed meeting

Asian markets mixed ahead of US Fed meeting

Apple got up to 5,000 U.S. data requests in six months

Sudan shelves telecom profit tax for three years

Sudan has replaced 30 percent profit tax on telecom operators until end of 2015 with 2.5 percent levy on total income, giving some reprieve to struggling industry

Egypt tourism minister resigns over 'ex-militant' Luxor governor

Hisham Zaazou resigns as tourism minister over appointment of Al-Gamaa Al-Islamiya's Adel El-Khayat as governor of Luxor

Luxor governor reassures nervy tourism sector

Egypt tourism insiders voice misgivings over Luxor’s new Islamist governor

Resumption of balloon flights in Luxor postponed

Luxor governor reassures nervy tourism sector

New governor of Luxor, a member of an Islamist group accused of killing scores of tourists in 1997, says he will keep governorate 'tourist friendly'

Egypt's public-sector workforce rose 2% in 2012/13: CAPMAS

Number of employees in Egypt's government sector increased by 2 percent to 5.545 million in 2012/13 fiscal year, state-run statistics agency CAPMAS reported Tuesday

CBE urges Egypt banks to keep extra cash in run-up to 30 June rallies

In advance of upcoming 30 June anti-govt rallies, Central Bank of Egypt (CBE) tells local banks to keep extra cash on hand to avoid possible currency shortages

Egypt stocks rise for second day after dramatic losses

Following previous weeks' market plunge, temporary rally fuelled by speculators taking advantage of low share prices

Former Egyptian oil minister's retrial to begin on 29 July

Cairo Appeals Court to retry Mubarak-era minister Sameh Fahmy and five ministry officials next month for squandering public funds in Egypt-Israel gas deal

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