Nicosia

Qatar Petroleum International, Sinopec agree to build ethylene plant in China

Qatar Petroleum InternationalNicosia, Mar 23: Qatar Petroleum International

Egyptian Petroleum Minister signs two exploration agreements with Gujarat oil firm

Nicosia, March 22: Egyptian Petroleum Minister Sameh FahmyEgyptia

President Hosni Mubarak orders the Egyptian army to supply citizens with bread

Egyptian President Hosni MubarakNicosia, March 20: Egyptian President Hosni Mubarak, facing clashes and widespread discontent in the poorer neighbourhoods over the price of bread, has ordered the army bakeries to supply bread to the commercial market to stem shortages caused by corruption and rising international wheat prices.

Millions of Egyptians, who live below the poverty line, survive on subsidized bread, which is 12 times less expensive than that sold at commercial bakeries.

With the rising wheat prices, which have tripled since last summer, many people find it impossible to buy bread from commercial bakeries.

Saudi Arabia will continue to peg the riyal to the dollar

Nicosia, Mar 9: The Saudi Government has ignored calls from members of the Shoura Council to break the riyal's peg to the US dollar.

Global energy growth rates exceed expectations

GLOBAL ENERGYNicosia, Feb 12: A record 20,000 MW of wind power were installed world-wide las

European Central Bank applauds Cyprus and Malta for smooth transition to euro

European Central Bank applauds CyprusNicosia, Feb 9: The European Ce

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