Economy
South Africa’s dismal economic growth a concern: Standard & Poor’s
May 14, 2016
South Africa’s dismal economic growth a concern: Standard & Poor’s
A Standard & Poor's executive expressed concern on Friday about South Africa's dismal growth and its reliance on capital flows,…
Apple invests $1 billion in Chinese ride-hailing service Didi Chuxing
May 13, 2016
Apple invests $1 billion in Chinese ride-hailing service Didi Chuxing
Apple Inc (AAPL.O) said on Thursday it has invested $1 billion in Chinese ride-hailing service Didi Chuxing, a move that…
Oil falls as dollar strengthens but traders eye Nigerian outages
May 13, 2016
Oil falls as dollar strengthens but traders eye Nigerian outages
Oil prices ended a three-day bull run on Friday, falling as a strong dollar made it more expensive to hold…
Damascus struggles to halt currency collapse as peace hopes erode
May 12, 2016
Damascus struggles to halt currency collapse as peace hopes erode
Damascus has announced measures to halt the fall of Syria's currency, but traders expressed doubt it would work after the…
No big bang, but quiet reforms reshaping China’s oil and gas sector
May 12, 2016
No big bang, but quiet reforms reshaping China’s oil and gas sector
Expect no radical "big bang" in China's shake-up of its giant state-run energy firms, but a series of experimental and…
Saudi Aramco finalizes IPO options, plans global expansion
May 11, 2016
Saudi Aramco finalizes IPO options, plans global expansion
Saudi Arabia's state-owned oil giant Aramco is finalizing proposals for its partial privatization and will present them to its Supreme…
Don’t use US as excuse for not doing business with Iran: Kerry
May 11, 2016
Don’t use US as excuse for not doing business with Iran: Kerry
Companies should not use the United States as an excuse for not doing business with Iran, US Secretary of State…
Trade deficit reduced by US$1.1 bn in January 2016: CAPMAS
May 10, 2016
Trade deficit reduced by US$1.1 bn in January 2016: CAPMAS
The Central Agency for Public Mobilization and Statistics (CAPMAS) announced that Egypt's trade deficit was reduced by US$ 1.1 billion…
Telecom Egypt’s first-quarter net profit more than doubles
May 9, 2016
Telecom Egypt’s first-quarter net profit more than doubles
State-owned landline monopoly Telecom Egypt's first-quarter net profit jumped almost 116 percent due to growth in its retail business segment.The…
Oil jumps on Canada wildfire outages, markets eye Saudi reshuffle
May 9, 2016
Oil jumps on Canada wildfire outages, markets eye Saudi reshuffle
Oil rallied on Monday as Canada's most destructive wildfire in recent memory knocked out over a million barrels in daily…