Economy
Dollar jumps after Clinton gets eleventh-hour election boost
November 7, 2016
Dollar jumps after Clinton gets eleventh-hour election boost
The dollar jumped on Monday as news that Hillary Clinton would not face criminal charges related to her use of…
Saudi Aramco halts petroleum product shipments to Egypt until further notice
November 7, 2016
Saudi Aramco halts petroleum product shipments to Egypt until further notice
National oil firm Saudi Aramco informed Egyptian authorities that it would halt shipments of petroleum products to Egypt "until further…
Egypt to submit letter of intent to IMF within three days -fin min quoted
November 7, 2016
Egypt to submit letter of intent to IMF within three days -fin min quoted
Egypt will submit within two or three days a letter of intent to the International Monetary Fund for a $12…
Egypt delays third LNG terminal until electricity needs determined – official
November 7, 2016
Egypt delays third LNG terminal until electricity needs determined – official
Egypt will delay plans to rent a third liquefied natural gas import (LNG) terminal for one month, until the ministry…
Egypt government says no talks with Iran over oil
November 7, 2016
Egypt government says no talks with Iran over oil
Egypt petroleum ministry denied Reuters report on Minister Tarek El Molla visiting Iran for oil talks after Saudi Aramco suspended…
US dollar at LE16, shortage continues
November 6, 2016
US dollar at LE16, shortage continues
The US dollar has reached a new level, being sold at LE16 at Egyptian banks on Sunday, as banks began…
No quick portfolio inflows due to Egypt devaluation, fund managers say
November 6, 2016
No quick portfolio inflows due to Egypt devaluation, fund managers say
Egypt's currency devaluation may eventually bring foreign money into the country, but fund managers say uncertainty about the economy means…
Egypt banks to lift limits on use of credit cards abroad
November 6, 2016
Egypt banks to lift limits on use of credit cards abroad
Two days after Egyptian pound devaluation, banks working in Egypt started to review restrictions on the use of credit and…
CenturyLink to sell data centers, colocation business
November 5, 2016
CenturyLink to sell data centers, colocation business
Telecommunications firm CenturyLink Inc said it would sell its data centers and colocation business to a group of funds for…
Agricultural Bank of China to pay New York state $215 million for anti-money laundering violations
November 5, 2016
Agricultural Bank of China to pay New York state $215 million for anti-money laundering violations
Agricultural Bank of China Ltd (601288.SS) ABOC.UL will pay a $215 million penalty for violating New York state's anti-money laundering…