Economy

Official denies suspension of BG Egypt gas development projects

Official denies suspension of BG Egypt gas development projects

A Petroleum Ministry official has denied media reports that BG Egypt, affiliated to Royal Dutch Shell, has suspended work at…
Price of waste-generated electricity not to be reconsidered: Minister

Price of waste-generated electricity not to be reconsidered: Minister

Environment Minister Khaled Fahmy announced on Tuesday that the tariff on electricity generated from waste recycling will not be reconsidered.The…
MIDEAST STOCKS: Egypt resumes post-devaluation uptrend, Gulf moves little

MIDEAST STOCKS: Egypt resumes post-devaluation uptrend, Gulf moves little

Egypt's stock market resumed rising on Monday after soaring last week in response to a currency devaluation, while most Gulf…
Apple hopes small is big again as iPhone SE debuts

Apple hopes small is big again as iPhone SE debuts

The low-key launch, held at the technology company's Cupertino, California campus rather than its traditional splash at a much larger…
World’s longest aircraft readies for first flight in Britain

World’s longest aircraft readies for first flight in Britain

The world's longest aircraft, an airship spanning more than six double-decker buses, is set to make its maiden flight later…
Unified exchange rates to be set daily: Supply Ministry

Unified exchange rates to be set daily: Supply Ministry

A unified exchange rate for US dollars will be reset each day to ensure stability for currency rates, according to…
Sterling hit by British political row, yen gains

Sterling hit by British political row, yen gains

Sterling was the biggest mover among major currencies on Monday, sinking more than half a percent on concerns a split…
Foxconn lowering offer for Japan’s Sharp: Yomiuri

Foxconn lowering offer for Japan’s Sharp: Yomiuri

Taiwan's Foxconn is lowering an offer for loss-making Japanese electronics maker Sharp Corp (6753.T) from an initial plan of 489…
Starwood signs first US-Cuba hotel deal since 1959 revolution

Starwood signs first US-Cuba hotel deal since 1959 revolution

Starwood Hotels & Resorts Worldwide (HOT.N) on Saturday became the first US hotel company to sign a deal with Cuba…
Egypt’s central bank to hold FX auctions once a week – bankers

Egypt’s central bank to hold FX auctions once a week – bankers

Egypt's central bank will from now on hold one foreign currency auction per week on Tuesdays, when it will sell…
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