Economy
G7 vows growth efforts as Japan’s Abe warns of global crisis
May 27, 2016
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
May 27, 2016
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
May 27, 2016
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
May 26, 2016
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
May 26, 2016
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
May 26, 2016
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
May 26, 2016
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
May 25, 2016
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…
CBE to reprint 1LE banknote to be introduced by Ramadan
May 25, 2016
CBE to reprint 1LE banknote to be introduced by Ramadan
The Central Bank of Egypt (CBE) is to print LE 500 million of one pound banknotes by the beginning of…
Cabinet reveals plans to tap into unused public sector assets
May 25, 2016
Cabinet reveals plans to tap into unused public sector assets
In an effort to tap into unused public sector assets, Prime Minister Sherif Ismail held a meeting Tuesday over plans to…