Economy

Oil freeze deal faces trouble as Saudi-Iran tensions spike

Oil freeze deal faces trouble as Saudi-Iran tensions spike

A spike in tensions between arch-rivals Saudi Arabia and Iran appeared on Sunday to ruin prospects of the first binding…
Saudi Arabia could sell off billions in American assets if bill passes: NYT

Saudi Arabia could sell off billions in American assets if bill passes: NYT

The Saudi Arabian government has threatened to sell of hundreds of billions of dollars' worth of American assets should the…
Egypt delays international bond issuance, is not in talks with IMF

Egypt delays international bond issuance, is not in talks with IMF

Egypt will delay an international bond issuance until at least the first half of fiscal year 2016/17 and has not…
Commodity slump pushes Africa back into IMF’s embrace

Commodity slump pushes Africa back into IMF’s embrace

Falling commodity prices have pushed several African countries back into the embrace of the International Monetary Fund, which has an…
Oil falls as investors expect little from Doha meeting

Oil falls as investors expect little from Doha meeting

Oil prices fell on Friday in subdued trade as traders and analysts anticipate a weekend meeting of major oil exporters…
Iran pushes US for more access to global financial system

Iran pushes US for more access to global financial system

Iran's main goal in its nuclear talks with world powers was to secure access to the global financial system, and…
Iran will not attend Doha oil freeze talks on Sunday: sources

Iran will not attend Doha oil freeze talks on Sunday: sources

Iran will not attend a meeting between OPEC and non-OPEC member countries about freezing oil output levels scheduled for Doha,…
Egypt’s Beltone says still pursuing CI Capital acquisition

Egypt’s Beltone says still pursuing CI Capital acquisition

Egypt's Beltone Financial will pursue its acquisition of CI Capital, the investment banking arm of the country's largest-listed bank, despite…
Chinese economy shows signs of debt-fueled recovery

Chinese economy shows signs of debt-fueled recovery

China posted its slowest economic growth since 2009 but a surge of new debt appears to be fueling a recovery…
World Bank set to provide Egypt with first $1 billion of $3 billion loan

World Bank set to provide Egypt with first $1 billion of $3 billion loan

The World Bank will provide the first $1 billion tranche of a $3 billion loan to Egypt after parliament approves…
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