Business
China survey puts services growth at 21-month low, blurs picture of resilient economy
October 9, 2017
China survey puts services growth at 21-month low, blurs picture of resilient economy
Activity in China’s services sector grew at its slowest pace in 21 months in September as new orders cooled, a…
Egypt participates in IMF annual meetings
October 9, 2017
Egypt participates in IMF annual meetings
Egypt is participating in the annual meetings (Autumn Meetings) of the International Monetary Fund and the World Bank, to be…
First round of redundancies for 1,400 Air Berlin workers expected
October 7, 2017
First round of redundancies for 1,400 Air Berlin workers expected
Employees needed to maintain flight operations are expected be given notice by the end of February 2018, according to company information…
Keeping the competition out: Iran startups thrive despite sanctions
October 6, 2017
Keeping the competition out: Iran startups thrive despite sanctions
Low on cash but high on hope, Iran’s technology entrepreneurs are learning to live with revived hostility in the United…
Saudi Aramco IPO on track for 2018: officials
October 5, 2017
Saudi Aramco IPO on track for 2018: officials
A plan to list Saudi Aramco in 2018 is on track, senior Saudi officials said in Moscow on Thursday, as…
Egypt to receive $2.1 bn funds from organizations: Minister
October 5, 2017
Egypt to receive $2.1 bn funds from organizations: Minister
Egypt is expected to receive funding in the coming months at a total of US$2.15 billion, including $1 billion from…
Saudi Arabia says it has a new investor: Richard Branson
October 4, 2017
Saudi Arabia says it has a new investor: Richard Branson
The Virgin founder toured Saudi attractions last week including heritage site Madain Saleh and a section of Red Sea coast…
Amazon must pay $295 million in back taxes, EU says
October 4, 2017
Amazon must pay $295 million in back taxes, EU says
The European Union is telling member state Luxembourg to get $295 million in back taxes from Amazon, in Brussels’ latest…
Saudi central bank paints rosy picture of economy
October 4, 2017
Saudi central bank paints rosy picture of economy
Officials of Saudi Arabia’s central bank, holding a rare news conference on Wednesday, painted a highly positive picture of the…
US dollar records stable prices in Tuesday dealings
October 3, 2017
US dollar records stable prices in Tuesday dealings
The US dollar exchange rate was stable against the Egyptian pound at the beginning of Tuesday morning trading. According…