Economy

Gulf bourses wobble in early trade

Gulf bourses wobble in early trade

Stock markets in the Gulf wobbled in early trade on Monday as investors cashed out of stocks in anticipation of…
Italy mulls establishing three logistic zones in Egypt: minister

Italy mulls establishing three logistic zones in Egypt: minister

Italy is mulling the creation of three logistics zones in Egypt to preserve and store grains, vegetables and fruits, and…
Egypt, Saudi Arabia sign 36 agreements worth up to US$25 billion

Egypt, Saudi Arabia sign 36 agreements worth up to US$25 billion

Egypt and Saudi Arabia have signed 36 agreements and memorandums of understanding (MoUs) representing Saudi investments of up to US$25…
Egypt may gain after Saudi King visit; Gulf may firm

Egypt may gain after Saudi King visit; Gulf may firm

Egypt's stock market may rise on Sunday after a visit by Saudi Arabia's King Salman unveiled multi-billion dollar investment plans,…
Govt. targets 8% development rate of local industry: minister

Govt. targets 8% development rate of local industry: minister

The Trade and Industry Ministry is aiming to grow local industry by eight percent annually, thus binging its contribution to…
Workers protest as Greece sells Piraeus Port to China COSCO

Workers protest as Greece sells Piraeus Port to China COSCO

Greece sealed the sale of Piraeus Port Authority to China COSCO Shipping Corporation on Friday, while striking dockworkers protested against…
Mobile syndicate urges phone dealers to comply with regulations

Mobile syndicate urges phone dealers to comply with regulations

The Communications and Mobile Syndicate has urged mobile phone companies operating in the local market to submit the necessary documentation…
Wells Fargo admits deception in $1.2 billion US mortgage accord

Wells Fargo admits deception in $1.2 billion US mortgage accord

Wells Fargo & Co (WFC.N) admitted to deceiving the US government into insuring thousands of risky mortgages, as it formally…
No more ‘free’ Saudi money for Egypt: Saudi businessman

No more ‘free’ Saudi money for Egypt: Saudi businessman

Saudi Arabia's financial support for strategic ally Egypt will no longer involve "free money" and will increasingly take the form…
Egypt central bank to keep pound stable say bankers, pound weakens on black market

Egypt central bank to keep pound stable say bankers, pound weakens on black market

Egypt's central bank will keep the pound stable at LE8.78 pounds to the dollar in Thursday's additional foreign currency auction,…
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