Economy
Saudi Arabia may sell part of its giant oil company
January 9, 2016
Saudi Arabia may sell part of its giant oil company
Saudi Arabia is considering selling shares in its state-owned giant oil company, Saudi Aramco.The company said Friday that it was…
Egyptian economy’s growth rate expected to decline in 2016 – World Bank
January 8, 2016
Egyptian economy’s growth rate expected to decline in 2016 – World Bank
The World Bank lowered its expectation for the economic growth rate in Egypt for the fiscal year 2015/2016 by 0.7…
Oil prices move up from 12 year lows as China shares rise
January 8, 2016
Oil prices move up from 12 year lows as China shares rise
Oil prices rose modestly on Friday, still within reach of 11 and a half-year lows, boosted by a recovery in…
Exclusive: Egypt’s new wheat requirement could delay supplies
January 8, 2016
Exclusive: Egypt’s new wheat requirement could delay supplies
Egypt, the world's largest purchaser of wheat, has imposed restrictive import requirements, an agricultural authority official told Reuters, alarming traders…
Egypt to impose import rules to shore up reserves
January 7, 2016
Egypt to impose import rules to shore up reserves
Egypt plans to impose new regulations that appear to be aimed at reducing low-quality imports in order to shore up…
Oil hits 11-year low, Saudi-Iran row cuts chances of output restraint
January 6, 2016
Oil hits 11-year low, Saudi-Iran row cuts chances of output restraint
Oil prices hit their lowest in over 11 years on Wednesday, as the row between Saudi Arabia and Iran was…
Global stocks hit by China worries, North Korea nuclear test
January 6, 2016
Global stocks hit by China worries, North Korea nuclear test
World stocks fell for a fifth day on Wednesday as China fueled fears about its economy by allowing the yuan…
Stock futures lower on global growth worries
January 5, 2016
Stock futures lower on global growth worries
US stock index futures were lower on Tuesday, a day after weak Chinese economic data rekindled fears of a global…
Mideast stocks: Saudi edges down as Savola plunges; Egypt up in thin trade
January 5, 2016
Mideast stocks: Saudi edges down as Savola plunges; Egypt up in thin trade
Saudi Arabia's stock index edged down in the first hour of trade on Tuesday while Egypt's rose in thin volumes. The…
International reserve at US$16,455 in December: CBE
January 5, 2016
International reserve at US$16,455 in December: CBE
Egypt’s net international reserves stood at US$16,455 in December, the Central Bank of Egypt said on Tuesday. The current reserve is…