Economy
Delegation of 50 US companies in Egypt to tackle investment opportunities
October 24, 2016
Delegation of 50 US companies in Egypt to tackle investment opportunities
A delegation composed of representatives of 50 US companies, headed by Senior Advisor to the Secretary of State David Thorne,…
Saudi King, Venezuelan president discuss oil market stability
October 24, 2016
Saudi King, Venezuelan president discuss oil market stability
The king of Saudi Arabia, the world's largest oil exporter, met Venezuela's president on Sunday in Riyadh and discussed ways…
Saudi Arabia looks to Russia to boost non-OPEC cooperation
October 23, 2016
Saudi Arabia looks to Russia to boost non-OPEC cooperation
Saudi Arabia's Energy Minister Khalid al-Falih said on Sunday he had invited his Russian counterpart Alexander Novak to meet Gulf…
Italy warns of disaster if Europe rejects its budget: paper
October 23, 2016
Italy warns of disaster if Europe rejects its budget: paper
Italy's economy minister said on Sunday the European Union must choose between allowing Rome to raise its deficit to cope…
Britain’s banks to reveal solid third-quarter results, warn of Brexit storm ahead
October 23, 2016
Britain’s banks to reveal solid third-quarter results, warn of Brexit storm ahead
Britain's major banks are set to report stronger-than-expected results this week, confounding expectations that political and economic upheaval caused by…
Egypt’s GASC buys 120,000 tonnes Russian wheat
October 21, 2016
Egypt’s GASC buys 120,000 tonnes Russian wheat
Egypt's state grain buyer GASC said on Thursday it bought 120,000 tonnes of Russian wheat in a tender.The wheat was…
Dollar hits seven-month high, stocks set for weekly rise
October 21, 2016
Dollar hits seven-month high, stocks set for weekly rise
Global stocks were set for their first weekly gain in four weeks on Friday and the dollar rose to its…
Egypt forms committee to set profit margins for sale of basic goods
October 20, 2016
Egypt forms committee to set profit margins for sale of basic goods
Egypt's government has formed a cabinet-level committee that will determine how much profit can be made from the sale of…
Saudi equity investors cheer mega bond debut, SEC jumps on Q3 profit
October 20, 2016
Saudi equity investors cheer mega bond debut, SEC jumps on Q3 profit
Saudi Arabia's stock market rose in early trade on Thursday as the banking sector rallied following the kingdom's mammoth international…
Egypt’s Juhayna says dollar crisis behind decline in Q3 profits
October 20, 2016
Egypt’s Juhayna says dollar crisis behind decline in Q3 profits
Juhayna Food Industries SAE's third-quarter net profit fell 34 percent due to dollar shortages and the Egyptian company's decision not…