Business - Economy

Egypt refers Palm Hills chairman to court

Chairman of Egypt's leading developer PHD faces waste of public fund allegations

Banks warn of oil shortage, growth impact

As political turmoil sweeps the Middle East, world banks seek OPEC intervention to control oil prices that could derail economic recovery and lead to global shortages

Egypt's Lecico Q4 profit dives

Lecico Egypt's fourth quarter net profits fell 61% with continued weakness in sanitary ware sales

New corruption report on Egypt released to general prosecutor

As Egyptians look to recoup the nation's stolen money, the Central Auditing Agency has released three reports on corruption and public money waste: land and health system were deeply taken advantage of

Brent oil hits $113 on Libya unrest

Unrest in Libya and the threat of contagion to other oil producing countries in the region drove Brent crude to $113 a barrel on Thursday

Brent oil heads back towards $108

Crude prices remain on upwards trajectory

Iraq oil exports highest since Saddam

Production increase set to cover budget deficit, says oil ministry

Jordan begins probe into $7bn housing project

Corruption allegations rock residential scheme for low-income citizens

Libyan oil output down by up to a quarter

Foreign firms slow or shutdown production

Paris supports freeze on Mubarak assets

Foreign ministry takes decision based on UN convention on corruption

Moody's put Bahrain on credit watch

Agency expects ratings to remain investment grade barring 'extreme outcome'

Saudi king announces $35 bn aid for citizens

Pledges funding for housing and to help unemployed

Kenyan tea rides high on Egyptian sales

Demand of leading buyer up ten per cent

New ministry appointments anger labour groups

Workers raise doubts over cabinet choice of labour and industry heads

Analysis: North Africa, inflation ... and junk bonds and oil bubble

Oil-driven financial bubbles in precarious position in North Africa. Tension as bubbles might burst

OPEC to raise output if Libya falters

Organization expected to stabilize prices in event of shortage

US oil hits 30 months high on Libyan contagion worries

World supplies remain strong but analysts warn of further price spike

Investors cram Wall St exits on Libyan unrest

Heavy energy-consuming sectors hardest hit as volatility index surges

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