Economy
EgyptAir to launch 10-year restructuring plan: chairman
October 28, 2015
EgyptAir to launch 10-year restructuring plan: chairman
EgyptAir, the state-owned flag carrier, is in final stages of launching an overhaul and expansion plan that will reverse its…
Eni will restart aggressive exploration cycle once crude back at $70 a barrel
October 27, 2015
Eni will restart aggressive exploration cycle once crude back at $70 a barrel
Italy's Eni will re-start an aggressive exploration campaign once crude prices rise to US$70 dollars a barrel, the company's chief…
Egypt’s market loses LE1.9 bn on Tuesday, EGX30 declines 0.6%
October 27, 2015
Egypt’s market loses LE1.9 bn on Tuesday, EGX30 declines 0.6%
Egypt's market closed in the red zone for the second session in a row, as the benchmark EGX30 index Tuesday…
Egyptian pound steady at dollar sale, weaker at parallel market
October 27, 2015
Egyptian pound steady at dollar sale, weaker at parallel market
The Egyptian pound was stable at a dollar sale on Tuesday as the central bank sold $37.8 million at a…
UK economy slows to 0.5% growth in third quarter
October 27, 2015
UK economy slows to 0.5% growth in third quarter
Britain's economy experienced a slowdown in the third quarter of 2015, hit by shrinking construction and manufacturing activity, official data…
Kuwait emir urges reforms as income drops 60%
October 27, 2015
Kuwait emir urges reforms as income drops 60%
Kuwait's ruler called Tuesday on officials in the oil-rich state to seek alternative revenue sources and reduce public expenditure after…
Egypt central bank seen keeping key rates on hold: poll
October 27, 2015
Egypt central bank seen keeping key rates on hold: poll
Egypt's central bank is expected to hold interest rates on Thursday as it balances the need to control inflation with…
Weakness of French growth ‘surprising’: ECB chief economist
October 27, 2015
Weakness of French growth ‘surprising’: ECB chief economist
The European Central Bank finds the weak performance of the French economy surprising, its chief economist Peter Praet told AFP…
Egypt’s market loses LE2.1 bn on Monday, EGX30 declines 1%
October 26, 2015
Egypt’s market loses LE2.1 bn on Monday, EGX30 declines 1%
Egypt's market closed in the red zone during Monday's session, as the benchmark EGX30 index declined 0.99 percent to 7,653…
MIDEAST STOCKS: Gulf markets edge down on Saudi concerns
October 26, 2015
MIDEAST STOCKS: Gulf markets edge down on Saudi concerns
Gulf stock markets edged down in early trade on Monday as investors remain concerned about the outlook for the Saudi…