Business

Dollar set for biggest weekly drop in four weeks

Dollar set for biggest weekly drop in four weeks

The dollar edged higher on Friday as an overnight spike in US Treasury bond yields prompted some investors to buy…
Egypt inflation eases, paving way for looser monetary policy

Egypt inflation eases, paving way for looser monetary policy

Egypt’s inflation dipped for the third month in a row in October after hitting a record high on energy price…
BP to commence gas production in Atoll field by end of 2017

BP to commence gas production in Atoll field by end of 2017

Minister Of Petroleum Tarek El Molla inspected the first stage of the Atoll gas field developed by the British Petroleum company…
Oil steadies as Middle East tensions offset concern over China demand

Oil steadies as Middle East tensions offset concern over China demand

Oil steadied on Wednesday as Chinese crude imports fell to a one-year low, but losses were offset by investor caution…
Billionaire Naguib Sawiris says dreams of owning bank in Egypt

Billionaire Naguib Sawiris says dreams of owning bank in Egypt

Egyptian billionaire businessman Naguib Sawiris said Tuesday that he wants to open a private bank in Egypt. “If the Governor of…
Saudi banks freeze more than 1,200 accounts in probe, number still rising: sources

Saudi banks freeze more than 1,200 accounts in probe, number still rising: sources

Saudi Arabian banks have frozen more than 1,200 accounts belonging to individuals and companies in the kingdom as part of…
Egypt’s foreign reserves jump to $36.7 bln in October, highest in history

Egypt’s foreign reserves jump to $36.7 bln in October, highest in history

Egypt recorded its highest level of foreign reserves in its history, Egypt’s Central Bank announced on Sunday, climbing from $36.535 billion at…
US dollar records stable rates Sunday

US dollar records stable rates Sunday

The US dollar maintained its price within the banking sector in Egypt on Sunday. According to the latest price updates,…
Saudi stocks drop after corruption probe detains businessmen, officials

Saudi stocks drop after corruption probe detains businessmen, officials

Saudi Arabia’s stock market fell in early trade on Sunday after Crown Prince Mohammed bin Salman moved to consolidate his…
No fuel price hikes in current fiscal year: minister reiterates

No fuel price hikes in current fiscal year: minister reiterates

Petroleum Minister Tarek al-Mulla reiterated on Thursday that the Cabinet does not plan to raise the prices of petroleum products…
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