Economy
China battles to shore up stocks, yuan after globe-shaking slide
January 5, 2016
China battles to shore up stocks, yuan after globe-shaking slide
China moved to shore up shaky sentiment on Tuesday a day after its stock indexes and yuan currency tumbled, rattling…
25.2% rise in tax returns in Jul-Oct 2015: Finance Ministry
January 4, 2016
25.2% rise in tax returns in Jul-Oct 2015: Finance Ministry
Tax returns saw a 25.2 percent increase between July and October 2015, according to a monthly report by the Finance…
Mideast stocks: Saudi flat as some blue chips bought; Egypt pulls back
January 4, 2016
Mideast stocks: Saudi flat as some blue chips bought; Egypt pulls back
Saudi Arabia's stock market was flat in early trade on Monday as investors shrugged off rising tensions with Iran, while…
Stocks open 2016 on back foot on China data, oil rises
January 4, 2016
Stocks open 2016 on back foot on China data, oil rises
European shares fell on Monday on the first trading day of 2016 after weak Chinese data rekindled global growth worries,…
Egypt shuns Qatari offer to renew dollar deposits
January 4, 2016
Egypt shuns Qatari offer to renew dollar deposits
Egypt has turned down a Qatari offer through intermediaries to extend the grace period for paying back bonds worth US$1…
Mideast stocks: Saudi, Egypt edge higher in early trade
January 3, 2016
Mideast stocks: Saudi, Egypt edge higher in early trade
The Saudi Arabian and Egyptian stock markets rose in early trade on Sunday amid hopes that shares have largely factored…
Egypt arrears owed to oil firms rises to $3 billion at end-2015
January 3, 2016
Egypt arrears owed to oil firms rises to $3 billion at end-2015
Egypt's outstanding arrears to foreign oil companies rose to US$3 billion at the end of December 2015 from $2.7 billion…
Iran says boosting oil exports depends on future demand
January 3, 2016
Iran says boosting oil exports depends on future demand
A rise in Iran's crude oil exports once sanctions against it are lifted depends on future global oil demand and…
Egypt to apply new round of customs deductions on EU-imported cars
January 2, 2016
Egypt to apply new round of customs deductions on EU-imported cars
Egypt will apply a new phase of 10 per cent cuts on customs of vehicles imported from the European Union…
Europe in 2016: Terror fears, migration, politics, but economy may turn a corner
January 2, 2016
Europe in 2016: Terror fears, migration, politics, but economy may turn a corner
The European Union is bitterly divided and likely to remain so. Geopolitical tensions and terror threats aren't expected to abate.…