Economy

Iran says has finalised the deal to buy 100 Boeing airliners

Iran says has finalised the deal to buy 100 Boeing airliners

Iran has reached a deal to buy 100 planes from US planemaker Boeing, and the two sides are awaiting approval…
Telecoms regulator sets 4G licence cost at LE3.54 bln: Orange Egypt

Telecoms regulator sets 4G licence cost at LE3.54 bln: Orange Egypt

Orange Egypt said on Sunday that Egypt's telecommunications regulator had set the price of a licence to provide fourth-generation mobile…
Heavy trading predicted around Brexit vote

Heavy trading predicted around Brexit vote

U.S. stock markets could see heavy trading and increased volatility as investors position for next week's referendum on whether Britain…
EU allows Iran’s state carrier to resume flights in bloc

EU allows Iran’s state carrier to resume flights in bloc

Iran's state airline, which has just reached an agreement with Boeing Co to purchase new jetliners, can resume flights in…
Egypt raises interest rates by 100 basis points, to highest level in years

Egypt raises interest rates by 100 basis points, to highest level in years

Egypt's central bank raised its key interest rates by 100 basis points on Thursday to their highest levels in years,…
EFG Hermes energy platform Vortex closes 550 mln euro wind farm deal

EFG Hermes energy platform Vortex closes 550 mln euro wind farm deal

Egypt's EFG Hermes said on Thursday that its renewable energy platform, Vortex, had bought a 49 percent stake in an…
Nigeria to abandon naira peg in favour of open market trading

Nigeria to abandon naira peg in favour of open market trading

Nigeria's central bank said on Wednesday it would begin "purely" market-driven foreign currency trading next week, abandoning its 16-month peg…
Global oil market to reach supply-demand balance by end of 2016: BP

Global oil market to reach supply-demand balance by end of 2016: BP

The global oil market will reach the balance of supply and demand by the end of the year, BP head…
Iran files complaint with ICJ to recover $2 billion frozen in US

Iran files complaint with ICJ to recover $2 billion frozen in US

Iran has filed a formal complaint with the International Court of Justice to recover nearly $2 billion in assets frozen…
For Egypt’s entrepreneurs, going green makes business sense

For Egypt’s entrepreneurs, going green makes business sense

As young people across the Middle East grapple with a lack of employment, a growing number of Egyptian entrepreneurs are…
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