Economy
Egypt bans use of debit cards abroad amid hard-currency shortage
June 30, 2016
Egypt bans use of debit cards abroad amid hard-currency shortage
Egypt has ordered banks to prevent customers from using debit cards based on their Egyptian pound accounts when they go…
Under Armour leads Olympic marketing shake-up after ‘rule 40’ changes
June 29, 2016
Under Armour leads Olympic marketing shake-up after ‘rule 40’ changes
Against a backdrop of the iconic five rings, legendary swimmer Michael Phelps sat on a United States Olympic Committee stage…
Telecom Egypt to receive second tranche of withheld dividends from Vodafone
June 27, 2016
Telecom Egypt to receive second tranche of withheld dividends from Vodafone
Telecom Egypt will receive a second tranche of withheld dividends from Vodafone Egypt amounting to 750 million Egyptian pounds ($84.46…
Egypt central bank scraps CEO term limits plan after court ruling
June 27, 2016
Egypt central bank scraps CEO term limits plan after court ruling
Egypt's central bank will not implement a nine-year term limit on bank CEOs that had angered major banks, central bank…
Adios, Three Amigos: Obama heads to last summit with Canada, Mexico
June 27, 2016
Adios, Three Amigos: Obama heads to last summit with Canada, Mexico
President Barack Obama will meet with leaders of Canada and Mexico on Wednesday for his final "Three Amigos" summit, a…
Volkswagen should pay Europeans same compensation as US drivers: EU commissioner
June 26, 2016
Volkswagen should pay Europeans same compensation as US drivers: EU commissioner
Volkswagen AG should offer European drivers similar compensation to what the German carmaker is expected to pay US customers, Europe's…
Britain’s EU commissioner, finance chief Hill, resigns
June 26, 2016
Britain’s EU commissioner, finance chief Hill, resigns
The British member of the EU executive, Financial Services Commissioner Jonathan Hill, resigned on Saturday after having campaigned against Britain…
China touts new bank’s greater understanding of developing world
June 26, 2016
China touts new bank’s greater understanding of developing world
The China-led Asian Infrastructure Investment Bank (AIIB) will be different from institutions like the World Bank because it has a…
Nikkei pays price for downplaying Brexit risk, sees worst fall since 2011
June 25, 2016
Nikkei pays price for downplaying Brexit risk, sees worst fall since 2011
Japanese stocks suffered their biggest daily fall in more than five years on Friday after Britain voted to leave the…
Brexit baffled punters, pundits and fund managers to the very end
June 25, 2016
Brexit baffled punters, pundits and fund managers to the very end
Nearly everyone, from London gamblers to US money managers got it wrong. Britain's vote to leave the European Union shocked…