Economy

Oil prices move up from 12 year lows as China shares rise

Oil prices move up from 12 year lows as China shares rise

 Oil prices rose modestly on Friday, still within reach of 11 and a half-year lows, boosted by a recovery in…
Exclusive: Egypt’s new wheat requirement could delay supplies

Exclusive: Egypt’s new wheat requirement could delay supplies

Egypt, the world's largest purchaser of wheat, has imposed restrictive import requirements, an agricultural authority official told Reuters, alarming traders…
Egypt to impose import rules to shore up reserves

Egypt to impose import rules to shore up reserves

Egypt plans to impose new regulations that appear to be aimed at reducing low-quality imports in order to shore up…
Oil hits 11-year low, Saudi-Iran row cuts chances of output restraint

Oil hits 11-year low, Saudi-Iran row cuts chances of output restraint

Oil prices hit their lowest in over 11 years on Wednesday, as the row between Saudi Arabia and Iran was…
Global stocks hit by China worries, North Korea nuclear test

Global stocks hit by China worries, North Korea nuclear test

World stocks fell for a fifth day on Wednesday as China fueled fears about its economy by allowing the yuan…
Stock futures lower on global growth worries

Stock futures lower on global growth worries

US stock index futures were lower on Tuesday, a day after weak Chinese economic data rekindled fears of a global…
Mideast stocks: Saudi edges down as Savola plunges; Egypt up in thin trade

Mideast stocks: Saudi edges down as Savola plunges; Egypt up in thin trade

Saudi Arabia's stock index edged down in the first hour of trade on Tuesday while Egypt's rose in thin volumes. The…
International reserve at US$16,455 in December: CBE

International reserve at US$16,455 in December: CBE

Egypt’s net international reserves stood at US$16,455 in December, the Central Bank of Egypt said on Tuesday. The current reserve is…
China battles to shore up stocks, yuan after globe-shaking slide

China battles to shore up stocks, yuan after globe-shaking slide

China moved to shore up shaky sentiment on Tuesday a day after its stock indexes and yuan currency tumbled, rattling…
25.2% rise in tax returns in Jul-Oct 2015: Finance Ministry

25.2% rise in tax returns in Jul-Oct 2015: Finance Ministry

Tax returns saw a 25.2 percent increase between July and October 2015, according to a monthly report by the Finance…
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