Economy

Egypt buys 4.328 million tonnes of local wheat since April 15

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…
GDP growth for H1 2015-2016 4.5 pct from 5.5 pct last year

GDP growth for H1 2015-2016 4.5 pct from 5.5 pct last year

Egypt's economy grew 4.5 percent in first half of 2015/2016 fiscal year, down from 5.5 percent growth in the previous…
G7 vows growth efforts as Japan’s Abe warns of global crisis

G7 vows growth efforts as Japan’s Abe warns of global crisis

The Group of Seven industrial powers pledged on Friday to seek strong global growth, while papering over differences on currencies…
Saudi Aramco says discovers new fields, to continue energy investments

Saudi Aramco says discovers new fields, to continue energy investments

Saudi Arabia's state oil giant Aramco discovered new oil and gas fields last year and the kingdom is committed to…
Orascom Construction reverses full year loss with Q1 $23 mln net profit

Orascom Construction reverses full year loss with Q1 $23 mln net profit

Orascom Construction posted a net profit of $23 million in the first quarter of 2016, up significantly from $5.8 million…
Cartel or talking shop? OPEC awaits Saudi ruling

Cartel or talking shop? OPEC awaits Saudi ruling

For those seeking guidance on Saudi Arabia's thinking regarding the future of OPEC, the last few weeks' agenda of the…
Egypt investigator says French specialist vessel joining black box search

Egypt investigator says French specialist vessel joining black box search

Egypt's air accidents chief said on Thursday that a vessel provided by French company ALSEAMAR, which specializes in marine wreckage…
Brent oil breaks above $50 for first time in seven months

Brent oil breaks above $50 for first time in seven months

Brent oil futures climbed above $50 a barrel on Thursday for the first time in nearly seven months as a…
Swiss to facilitate seizure, repatriation of dictators’ funds

Swiss to facilitate seizure, repatriation of dictators’ funds

Switzerland will implement a new law in July to help seize and repatriate illicit wealth parked in its banks by…
Iran-Saudi row threatens any OPEC deal, puts role in question

Iran-Saudi row threatens any OPEC deal, puts role in question

OPEC's thorniest dilemma of the past year - at least from a purely oil standpoint - is about to disappear.Less…
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