Economy

GLOBAL LNG — Prices steady, global tenders to provide direction

GLOBAL LNG — Prices steady, global tenders to provide direction

Asian spot prices for liquefied natural gas (LNG) held their ground this week as market participants awaited the outcome of…
Rebirth of Public Business Ministry: development or privatization?

Rebirth of Public Business Ministry: development or privatization?

Two months after Egypt’s presidency announced that shares in “successful” state-owned banks and companies were to be offered on the…
State-owned business sector gets its own ministry in new cabinet

State-owned business sector gets its own ministry in new cabinet

Wednesday’s cabinet reshuffle has seen the state-owned business sector breaking its 12-year-old affiliation with the Investment Ministry, with the sector…
Iranians exasperated as US sanctions frustrate deal making

Iranians exasperated as US sanctions frustrate deal making

More than two months after international nuclear sanctions on Iran were supposed to have ended, frustration is deepening that few…
Saudi stock market edges up, Egypt soft in early trade

Saudi stock market edges up, Egypt soft in early trade

Saudi Arabia's stock market edged up in early trade on Wednesday on the back of second-tier stocks favoured by local…
US arrest of Iranian gold trader reopens wounds in Turkish graft scandal

US arrest of Iranian gold trader reopens wounds in Turkish graft scandal

The arrest of an Iranian gold trader whom Turkish prosecutors placed at the heart of a Turkish government graft scandal…
Official denies suspension of BG Egypt gas development projects

Official denies suspension of BG Egypt gas development projects

A Petroleum Ministry official has denied media reports that BG Egypt, affiliated to Royal Dutch Shell, has suspended work at…
Price of waste-generated electricity not to be reconsidered: Minister

Price of waste-generated electricity not to be reconsidered: Minister

Environment Minister Khaled Fahmy announced on Tuesday that the tariff on electricity generated from waste recycling will not be reconsidered.The…
MIDEAST STOCKS: Egypt resumes post-devaluation uptrend, Gulf moves little

MIDEAST STOCKS: Egypt resumes post-devaluation uptrend, Gulf moves little

Egypt's stock market resumed rising on Monday after soaring last week in response to a currency devaluation, while most Gulf…
Apple hopes small is big again as iPhone SE debuts

Apple hopes small is big again as iPhone SE debuts

The low-key launch, held at the technology company's Cupertino, California campus rather than its traditional splash at a much larger…
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