Economy

Weakness of French growth ‘surprising’: ECB chief economist

Weakness of French growth ‘surprising’: ECB chief economist

The European Central Bank finds the weak performance of the French economy surprising, its chief economist Peter Praet told AFP…
Egypt’s market loses LE2.1 bn on Monday, EGX30 declines 1%

Egypt’s market loses LE2.1 bn on Monday, EGX30 declines 1%

Egypt's market closed in the red zone during Monday's session, as the benchmark EGX30 index declined  0.99 percent to 7,653…
MIDEAST STOCKS: Gulf markets edge down on Saudi concerns

MIDEAST STOCKS: Gulf markets edge down on Saudi concerns

Gulf stock markets edged down in early trade on Monday as investors remain concerned about the outlook for the Saudi…
Egypt’s market gains LE560 mn on Sunday, EGX30 lifts 0.6%

Egypt’s market gains LE560 mn on Sunday, EGX30 lifts 0.6%

Egypt's stock market closed in the green zone after Sunday's session, as the benchmark EGX30 index rose 0.55 percent to…
Egyptian pound steady at dollar sale, stronger in parallel market

Egyptian pound steady at dollar sale, stronger in parallel market

Egypt's central bank kept the pound steady at a dollar sale on Sunday, as it sold US$37.8 million at a…
MIDEAST STOCKS: Dubai, Qatar climb; Gulf Navigation surges

MIDEAST STOCKS: Dubai, Qatar climb; Gulf Navigation surges

Stock markets in Dubai and Qatar rebounded in early trade on Sunday in response to strong global markets, though Abu…
China premier says 7% growth goal never set in stone

China premier says 7% growth goal never set in stone

China has never said the economy must grow 7 percent this year, Premier Li Keqiang said in comments reported by…
BP to begin north Alexandria oil output in early 2017: petroleum minister

BP to begin north Alexandria oil output in early 2017: petroleum minister

British oil major BP will begin production at its north Alexandria concession in early 2017 rather than mid-2017, Egypt's Petroleum…
Eurozone October business growth surprisingly strong: PMI

Eurozone October business growth surprisingly strong: PMI

Eurozone business activity picked up more than expected in October as new work for services companies flooded in at the…
GLOBAL LNG-Prices climb as Egypt award helps spur spot activity

GLOBAL LNG-Prices climb as Egypt award helps spur spot activity

Asian liquefied natural gas (LNG) prices for December delivery rose this week as traders and energy companies moved to fill…
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