Economy

Damascus struggles to halt currency collapse as peace hopes erode

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

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

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

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

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

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

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…
Egypt’s Orascom Construction wins US$308 mln Cairo metro line contracts

Egypt’s Orascom Construction wins US$308 mln Cairo metro line contracts

Egypt's Orascom Construction has won two contracts worth 270 million euros (US$307.75 million) for work on the third phase of…
Saudi stock market rises after government reshuffle

Saudi stock market rises after government reshuffle

Saudi Arabia's stock market rose in early trade on Sunday after the king announced a sweeping reorganisation of the economic…
Oil falls as investors cash in on month-long gains

Oil falls as investors cash in on month-long gains

Oil prices fell on Friday as investors cashed in on a 20-percent rise over the past month, outweighing the impact…
Back to top button