Economy
Oil prices rebound after Algeria says all options open at OPEC meeting
September 26, 2016
Oil prices rebound after Algeria says all options open at OPEC meeting
Crude prices rebounded on Monday after Algeria's energy minister said the day before that all options were possible for an…
Egypt petrol subsidy bill down 29% in 2015-2016
September 25, 2016
Egypt petrol subsidy bill down 29% in 2015-2016
Egypt's spending on petroleum subsidies dropped by 28.7 percent in the 2015-16 financial year to compared to one year earlier,…
Former employees file class action against Wells Fargo
September 25, 2016
Former employees file class action against Wells Fargo
Two former Wells Fargo & Co employees have filed a class action in California seeking $2.6 billion or more for…
European firms offer Britain scant support in divorce talks
September 25, 2016
European firms offer Britain scant support in divorce talks
More than 20 European business associations and companies interviewed by Reuters say they back their governments' position that Britain's banking…
EU wheat drifts lower despite India, Egypt demand hopes
September 24, 2016
EU wheat drifts lower despite India, Egypt demand hopes
European wheat futures edged lower on Friday, pressured by earlier weakness in Chicago as hefty global supplies continued to hang…
Oil slumps 4 percent as no output deal expected for OPEC
September 24, 2016
Oil slumps 4 percent as no output deal expected for OPEC
Oil prices tumbled 4 percent on Friday on signs Saudi Arabia and arch rival Iran were making little progress in…
Egypt’s GASC buys 240,000 tonnes of Russian wheat after amending terms
September 24, 2016
Egypt’s GASC buys 240,000 tonnes of Russian wheat after amending terms
Egypt's General Authority for Supply Commodities (GASC) bought 240,000 tonnes of Russian wheat on Thursday in a tender, its first…
Yahoo says hackers stole data from 500 million accounts in 2014
September 23, 2016
Yahoo says hackers stole data from 500 million accounts in 2014
Yahoo Inc said on Thursday that at least 500 million of its accounts were hacked in 2014 by what it…
Saudis offer oil cut for OPEC deal if Iran freezes output: sources
September 23, 2016
Saudis offer oil cut for OPEC deal if Iran freezes output: sources
Saudi Arabia has offered to reduce oil production if rival Iran agrees to cap its own output this year, in…
Revenues from Suez Canal traffic down by 4.5% on previous year: CBE report
September 23, 2016
Revenues from Suez Canal traffic down by 4.5% on previous year: CBE report
In a report published on Wednesday, the Central Bank announced that revenues from Suez Canal traffic decreased by 4.5 percent…