Economy

Oil prices rebound after Algeria says all options open at OPEC meeting

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

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

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

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

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

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

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

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

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

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…
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