Economy
Wheat drops for 6th session on ample supplies; Egypt demand eyed
August 29, 2016
Wheat drops for 6th session on ample supplies; Egypt demand eyed
U.S. wheat fell for a sixth consecutive session and hovered near a three-week low on Monday, as ample global stocks…
Egypt’s agriculture minister reinstates zero ergot policy in wheat
August 28, 2016
Egypt’s agriculture minister reinstates zero ergot policy in wheat
Egypt will no longer permit wheat shipments with even trace levels of ergot, and will apply the decision retroactively, the…
Iraq plans to sell oil through Iran if talks with Kurds fail
August 28, 2016
Iraq plans to sell oil through Iran if talks with Kurds fail
Iraq's government would consider selling crude through Iran should talks with the autonomous Kurdish region on an oil revenue-sharing agreement…
Apple fixes security flaw after UAE dissident’s iPhone targeted
August 27, 2016
Apple fixes security flaw after UAE dissident’s iPhone targeted
Apple Inc issued a patch on Thursday to fix a dangerous security flaw in iPhones and iPads after researchers discovered…
Oil prices fall as Saudi Arabia dampens prospects of output freeze
August 26, 2016
Oil prices fall as Saudi Arabia dampens prospects of output freeze
Oil prices fell on Friday after the Saudi energy minister tempered expectations of strong market intervention by producers during talks…
Egypt’s wheat corruption scandal: timeline of a crisis
August 26, 2016
Egypt’s wheat corruption scandal: timeline of a crisis
The minister responsible for food subsidies in Egypt, the world's biggest wheat importer, resigned on Thursday amid a high profile…
Welspun scandal follows years of plummeting Egyptian cotton output
August 26, 2016
Welspun scandal follows years of plummeting Egyptian cotton output
A scandal involving the alleged sale of falsely labeled Egyptian cotton products by an Indian textile manufacturer to U.S.
Egypt plans to end fuel subsidies within three years
August 23, 2016
Egypt plans to end fuel subsidies within three years
Egypt plans to end fuel subsidies within three years and is aiming to increase fuel prices to 65 percent of…
Parliament must approve 14 percent VAT rate: deputy minister
August 23, 2016
Parliament must approve 14 percent VAT rate: deputy minister
Egypt's deputy finance minister for taxation polices, Amr al-Monier, has expressed fears that parliament may reduce the rate for Value-Added…
Egypt wheat commission submits corruption report amid calls for minister to resign
August 23, 2016
Egypt wheat commission submits corruption report amid calls for minister to resign
A fact-finding commission investigating corruption in Egypt's domestic wheat supplies has delivered its final report to parliament, a lawmaker said…