Economy
‘Brump’ or ‘Trexit’? Markets may conflate year’s biggest risks
June 8, 2016
‘Brump’ or ‘Trexit’? Markets may conflate year’s biggest risks
Even though market myopia is often used to explain why investors appear to be ignoring November's US presidential election while…
Moody’s bets on foreign investment in Egypt to ease dollar shortage
June 8, 2016
Moody’s bets on foreign investment in Egypt to ease dollar shortage
Despite warning about the pressures on foreign currency liquidity resulting from the dollar shortage, Moody’s has maintained its stable outlook…
Pharaohs’ shadow an omen in Egypt gold search
June 8, 2016
Pharaohs’ shadow an omen in Egypt gold search
Careering around Egypt's rocky Eastern Desert, Alexander Nubia CEO Mark Campbell peers from his jeep and sees hills so rich…
Increase in drug prices was necessary: syndicate chairman
June 6, 2016
Increase in drug prices was necessary: syndicate chairman
The chairman of the Pharmacists Syndicate, Mohey Ebeid, said on Sunday that the government's policy of increasing the prices of…
National Defense Council approves Interior Ministry budget
June 5, 2016
National Defense Council approves Interior Ministry budget
The Defense and National Security Council approved on Sunday the budget allocated for the Interior Ministry. The council also called…
On southwestern fringe, China’s Silk Road ambitions face obstacles
June 5, 2016
On southwestern fringe, China’s Silk Road ambitions face obstacles
For the southwestern city of Kunming, China's plan to extend a high-speed rail link 3,000 km south to Singapore is…
Egypt’s purchases of local wheat reach 4.711 mln tonnes
June 5, 2016
Egypt’s purchases of local wheat reach 4.711 mln tonnes
Egypt's government has bought 4.711 million tonnes of local wheat since the start of the season on April 15, the…
Egypt non-oil business slows for 8th straight month in May: PMI
June 5, 2016
Egypt non-oil business slows for 8th straight month in May: PMI
Business activity in Egypt shrank for the eighth straight month in May but at a lesser extent than previous three…
Ahead of meeting, OPEC seems close to riding out price slump
June 2, 2016
Ahead of meeting, OPEC seems close to riding out price slump
OPEC is not yet in safe harbor. But ahead of a top-level meeting, the 13-nation oil cartel appears close to…
India’s economic growth surges in March quarter
May 31, 2016
India’s economic growth surges in March quarter
India gathered momentum in the March quarter to extend its lead as the world's fastest growing large economy, helping Prime…