Economy

Apache Corp extends Western Desert oil drilling for five years

Apache Corp extends Western Desert oil drilling for five years

The American wildcat oil and gas exploration firm Apache Corporation has agreed a five-year extention to its Khalda-2 drilling concession…
Egypt to auction 4G licences if local operators don’t bite

Egypt to auction 4G licences if local operators don’t bite

Egypt said on Thursday it will offer fourth-generation mobile licences in an international auction if they are not taken up…
Africa’s richest man got a fistful of dollars in Nigerian currency squeeze

Africa’s richest man got a fistful of dollars in Nigerian currency squeeze

As Nigeria grapples with a foreign exchange crisis, one person stands out in the scramble to obtain hard currency: Aliko…
After setbacks, NY prosecutors resume insider trading crackdown

After setbacks, NY prosecutors resume insider trading crackdown

Federal prosecutors in Manhattan are pursuing insider trading cases on a pace not seen since 2012 — before a major…
Sterling hits 2016 high, stocks climb as UK votes on Brexit

Sterling hits 2016 high, stocks climb as UK votes on Brexit

Sterling hit a 2016 high and world stocks climbed for a fifth day running on Thursday, as British voters headed…
Greece could lift capital controls by year-end: bank association head

Greece could lift capital controls by year-end: bank association head

Greece could lift most or all capital controls imposed at the height of the euro zone crisis by the end…
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…
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