Economy

Egypt’s debts to foreign oil companies up to US$3.2 bln: petro ministry official

Egypt’s debts to foreign oil companies up to US$3.2 bln: petro ministry official

Egypt's outstanding arrears to foreign oil companies rose to US$3.2 billion at the end of March from $3 billion at…
Egypt bans domestic trading of imported wheat

Egypt bans domestic trading of imported wheat

Egypt has banned the trading of imported wheat inside the country, Supply Minister Khaled Hanafi said on Wednesday, a move…
Russian plane crash prompts 45 per cent decline in number of tourists to Egypt: CAPMAS

Russian plane crash prompts 45 per cent decline in number of tourists to Egypt: CAPMAS

The number of tourists visiting Egypt has declined by 45.9 percent in February compared to the same time last year…
Yields fall on Egyptian debt at Monday auction

Yields fall on Egyptian debt at Monday auction

Yields on Egyptian government bonds fell at an auction on Monday, data from the central bank showed.The average yield on…
Egypt’s exchange bureaus investigated for hoarding dollars

Egypt’s exchange bureaus investigated for hoarding dollars

Egypt's General Prosecution is investigating around 15 exchange bureaus after the central bank reported them for hoarding dollars and contributing…
MIDEAST STOCKS: Saudi falls after oil retreats, Egypt edges up

MIDEAST STOCKS: Saudi falls after oil retreats, Egypt edges up

Investors in Saudi Arabia sold stocks in early trade on Sunday after oil prices retreated at the end of last…
Death by overwork on rise among Japan’s vulnerable workers

Death by overwork on rise among Japan’s vulnerable workers

Japan is witnessing a record number of compensation claims related to death from overwork, or "karoshi", a phenomenon previously associated…
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…
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