Economy
Egypt’s debts to foreign oil companies up to US$3.2 bln: petro ministry official
April 6, 2016
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
April 6, 2016
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
April 6, 2016
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
April 4, 2016
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
April 4, 2016
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
April 3, 2016
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
April 3, 2016
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
April 3, 2016
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
April 2, 2016
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
April 1, 2016
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…