Economy
IMF mission in Cairo next week for talks on US$12bn bailout
July 27, 2016
IMF mission in Cairo next week for talks on US$12bn bailout
The International Monetary Fund confirmed on Tuesday that Egypt has asked it for financial support program and said an IMF…
Egypt’s central bank keeps pound stable at 8.78 per dollar
July 26, 2016
Egypt’s central bank keeps pound stable at 8.78 per dollar
The Central Bank of Egypt (CBE) kept the pound stable at 8.78 per dollar at its weekly foreign currency auction…
Porsche to create more than 1,400 jobs for electric car
July 26, 2016
Porsche to create more than 1,400 jobs for electric car
Porsche (VOWG_p.DE) has raised the number of jobs it will create for the production of its first all-electric sports car…
The identity crisis that led to Yahoo’s demise
July 26, 2016
The identity crisis that led to Yahoo’s demise
When senior Yahoo executives gathered at a San Jose hotel for a management retreat in the spring of 2006, there…
Daimler’s mytaxi to merge with Hailo to take on Uber
July 26, 2016
Daimler’s mytaxi to merge with Hailo to take on Uber
Daimler's mytaxi said it will merge with British rival Hailo in an all-share deal, creating Europe's largest smartphone-based taxi-hailing business.Unlike…
Suez Canal introduces cheaper tolls for empty US oil vessels travelling to Gulf
July 25, 2016
Suez Canal introduces cheaper tolls for empty US oil vessels travelling to Gulf
The Suez Canal Authority has announced a decision to reduce the toll on empty US oil vessels sailing through the…
G20 will use ‘all policy tools’ to lift growth as Brexit weighs
July 25, 2016
G20 will use ‘all policy tools’ to lift growth as Brexit weighs
The world's biggest economies will work to support global growth and better share the benefits of trade, policymakers said on…
Philip Green responsible for BHS collapse: UK lawmakers
July 25, 2016
Philip Green responsible for BHS collapse: UK lawmakers
Retail tycoon Philip Green's greed and disregard for corporate governance led to the demise of BHS and cost 11,000 jobs,…
Turkish Airlines fires personnel after failed coup: media
July 25, 2016
Turkish Airlines fires personnel after failed coup: media
Turkey's state-run Turkish Airlines fired more than 100 employees, including management and cabin crew, as part of a purge at…
Libya oil exports threatened as NOC warns against port deal
July 24, 2016
Libya oil exports threatened as NOC warns against port deal
Libya's hopes to boost crude exports have been dealt a blow after the head of the National Oil Corporation (NOC)…