Economy

Return of Algerian ex-oil boss hints at revival of reforms

Return of Algerian ex-oil boss hints at revival of reforms

When ex-oil minister Chakib Khelil left Algeria in 2013 caught up in a corruption scandal, his fall from grace was…
SunEdison preparing to file for bankruptcy protection: WSJ

SunEdison preparing to file for bankruptcy protection: WSJ

Struggling solar developer SunEdison Inc (SUNE.N) is planning to file for bankruptcy protection in the coming weeks, The Wall Street…
Egypt mulling shipping line for exports to Russia: minister

Egypt mulling shipping line for exports to Russia: minister

Egypt is mulling the creation of a shipping line linking the country with Russian ports, helping to improve trade between…
Egypt to ban rice exports from April 4 amid shortages

Egypt to ban rice exports from April 4 amid shortages

Egypt will ban rice exports from April 4 in order to preserve stocks for the local market and to combat…
Egypt ranks 18th among world’s labor exporters: economist

Egypt ranks 18th among world’s labor exporters: economist

Egypt is the world’s 18th largest exporter of workers, according to an economics expert, with 3.4 million Egyptian workers representing…
Telecom Egypt says Vodafone Egypt to release at least US$381 mln in deferred dividends

Telecom Egypt says Vodafone Egypt to release at least US$381 mln in deferred dividends

Telecom Egypt, the state-owned landline monopoly, said it had struck a deal with Vodafone Egypt under which the mobile operator…
Cabinet approves 2016-17 draft budget targeting 5-6% GDP growth

Cabinet approves 2016-17 draft budget targeting 5-6% GDP growth

Egypt's government approved on Wednesday a draft state budget for 2016-17, targeting economic growth of 5-6 percent versus 4.4 percent…
Hijacked plane incident to significantly harm tourism sector: official

Hijacked plane incident to significantly harm tourism sector: official

The hijacking of an Egyptian plane from Borg al-Arab airport to Cyprus on Tuesday has set the tourism sector back…
Novartis investigating US$85 million bribery allegations in Turkey

Novartis investigating US$85 million bribery allegations in Turkey

An anonymous whistleblower has accused Swiss drugmaker Novartis (NOVN.S) of paying bribes in Turkey through a consulting firm to secure…
Trading in Telecom Egypt shares suspended: sources

Trading in Telecom Egypt shares suspended: sources

Egypt's stock exchange suspended trading of shares of Telecom Egypt, the state-owned landline monopoly, on Wednesday after the government replaced…
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