Economy
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…
‘Tourists go home’: Spain tourism surge brings backlash
May 30, 2016
‘Tourists go home’: Spain tourism surge brings backlash
On the walls of the grand old houses of this Balearic port which attracts millions of foreigners every year, a…
Alibaba tells vendors to halt drug sales online, cites government rule change
May 30, 2016
Alibaba tells vendors to halt drug sales online, cites government rule change
Chinese e-commerce firm Alibaba Group Holding Ltd has told vendors on its Tmall website to stop selling medicine, saying a…
Gulf bourses may face weakness on lower oil, event risks
May 30, 2016
Gulf bourses may face weakness on lower oil, event risks
Bourses in the Gulf may weaken on Monday as oil prices dipped and as global event risks keep investors away…
Egypt buys 4.328 million tonnes of local wheat since April 15
May 28, 2016
Egypt buys 4.328 million tonnes of local wheat since April 15
Egypt's government has bought 4.328 million tonnes of local wheat since the start of the season on April 15, the…