Economy

Samsung recalls 2.8 mln washing machines in U.S. over injury risk

Samsung recalls 2.8 mln washing machines in U.S. over injury risk

Samsung Electronics Co Ltd, already reeling from a global recall of its Note 7 smartphones, said on Friday it would…
Investors smell profit in marijuana ballot measures

Investors smell profit in marijuana ballot measures

With marijuana legalization measures on the ballot in nine states Tuesday, investment opportunities are attracting money from Wall Street, Silicon…
Oil set for sixth straight day of declines

Oil set for sixth straight day of declines

Oil prices were on course for their sixth straight day of falls on Friday, dragged lower by a surge in…
These are the easiest places in the world to do business

These are the easiest places in the world to do business

Starting a new business in New Zealand takes less than one day. In Venezuela, it takes 230.
CBE not to impose restrictions on foreign currency exchange

CBE not to impose restrictions on foreign currency exchange

The Central Bank of Egypt (CBE) said on Thursday it would not impose restrictions on the exchange of foreign currencies. "There…
Egyptian central bank floats pound, devaluing to LE13 per dollar

Egyptian central bank floats pound, devaluing to LE13 per dollar

Egypt's central bank floated the pound on Thursday, devaluing by 47.7 percent to an initial guidance level of 13 pounds…
Egypt agrees to import Iraqi oil for refining: petroleum minister

Egypt agrees to import Iraqi oil for refining: petroleum minister

Petroleum Minister Tareq al-Molla announced on Monday an agreement with Iraq to import Basra crude oil for refining in Egypt,…
Egyptian pound recovers LE2 against US dollar on black market

Egyptian pound recovers LE2 against US dollar on black market

The Egyptian pound rose by LE2 against the US dollar on the black market on Tuesday, apparently strengthened by a…
Centamin, government to start sharing profits from Sukari gold mine

Centamin, government to start sharing profits from Sukari gold mine

Gold mining company Centamin has announced an agreement on sharing revenues from Sukari gold mine with the Egyptian government after…
Strategic reserves to last 4 to 6 months: minister

Strategic reserves to last 4 to 6 months: minister

The strategic reserves of subsidized goods will cover a period of between four and six months, said Supply Minister Mohamed…
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