Economy

Russia, Turkey to form joint investment fund: Russian minister

Russia, Turkey to form joint investment fund: Russian minister

Russian Economy Minister Alexei Ulyukaev said on Sunday President Vladimir Putin and his Turkish counterpart Tayyip Erdogan had agreed to…
Egypt’s Eastern Company board approves US$84 mln capital hike

Egypt’s Eastern Company board approves US$84 mln capital hike

The board of Egypt's top cigarette maker, Eastern Company, approved a capital hike of 750 million Egyptian pounds (US$84 million)…
China’s Xi at G20 says world economy at risk, warns against protectionism

China’s Xi at G20 says world economy at risk, warns against protectionism

The global economy is being threatened by rising protectionism and risks from highly leveraged financial markets, Chinese President Xi Jinping…
China’s government flexes muscles with Uber, DreamWorks probes

China’s government flexes muscles with Uber, DreamWorks probes

The Chinese government said on Friday it was investigating two high-profile takeover proposals involving US companies, the latest sign of its…
Starbucks, Amazon pay less tax than a sausage stand, Austria says

Starbucks, Amazon pay less tax than a sausage stand, Austria says

Multinationals like coffee chain Starbucks and online retailer Amazon pay less tax in Austria than one of the country's tiny…
Italian company Eni drills fifth well at super-giant Zohr gas field

Italian company Eni drills fifth well at super-giant Zohr gas field

The Italian petroleum company Eni has announced the successful drilling of its fifth well in the super-giant Zohr gas field…
Prosecutor releases second suspect in wheat corruption case

Prosecutor releases second suspect in wheat corruption case

Public Prosecutor Ahmed Sadeq has ordered the release of Ibrahim Hatab, a wheat silo owner charged in connection with corruption…
VAT will not increase gasoline, diesel prices: GPC

VAT will not increase gasoline, diesel prices: GPC

The chief executive of the General Petroleum Corporation, Tareq al-Hadidy, has denied that the looming introduction of a Value-Added Tax…
Egypt, India to discuss mega projects, medical city

Egypt, India to discuss mega projects, medical city

President Abdel Fattah al-Sisi begins a three-day visit to New Delhi on September 1 for talks with Prime Minister Narendra…
Amazon Dash one-button device arrives in Britain

Amazon Dash one-button device arrives in Britain

Seeking to capitalize on Britons too busy or forgetful to shop for household essentials, retail giant Amazon is bringing its…
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