Economy
Egypt may gain after Saudi King visit; Gulf may firm
April 10, 2016
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
April 9, 2016
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
April 9, 2016
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
April 9, 2016
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
April 9, 2016
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
April 8, 2016
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
April 7, 2016
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,…
US readies bank rule on shell companies amid ‘Panama Papers’ fury
April 7, 2016
US readies bank rule on shell companies amid ‘Panama Papers’ fury
The US Treasury Department intends to soon issue a long-delayed rule forcing banks to seek the identities of people behind…
MIDEAST STOCKS: Petchems and telcos buoy Saudi, Egypt falls after data
April 7, 2016
MIDEAST STOCKS: Petchems and telcos buoy Saudi, Egypt falls after data
Petrochemical and telecommunications stocks boosted Saudi Arabia's bourse early on Thursday while Egypt fell after poor economic data.The Saudi index…
Mega deals morph into mega problems for Wall Street
April 7, 2016
Mega deals morph into mega problems for Wall Street
If 2015 was a dream year for Wall Street's top dealmakers, 2016 is starting to take a nightmarish turn.Some of…