Economy
Official denies suspension of BG Egypt gas development projects
March 22, 2016
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
March 22, 2016
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
March 22, 2016
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
March 22, 2016
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
March 22, 2016
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
March 21, 2016
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
March 21, 2016
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
March 20, 2016
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
March 20, 2016
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
March 20, 2016
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…