Business
Oil prices dip on fears Middle East spat could harm OPEC cuts
June 5, 2017
Oil prices dip on fears Middle East spat could harm OPEC cuts
Oil prices reversed gains to trade down on Monday on concerns that the cutting of ties with Qatar by top…
Egypt’s foreign reserves rise to $31.125 bn
June 5, 2017
Egypt’s foreign reserves rise to $31.125 bn
The Central Bank of Egypt (CBE) announced Sunday that the country’s foreign reserves rose to $31.125 billion at the end…
Saudi Aramco warned by lawyers on New York IPO litigation risks: FT
June 5, 2017
Saudi Aramco warned by lawyers on New York IPO litigation risks: FT
The legal firm working on Saudi Aramco’s IPO-ARMO.SE flotation has advised the kingdom that a New York listing poses the…
Egypt aims to cut fuel imports to 10 percent of consumption by 2019
June 4, 2017
Egypt aims to cut fuel imports to 10 percent of consumption by 2019
Egypt is looking to ramp up petroleum production over the next two years, aiming to reduce fuel imports to about…
Egypt among five destinations for Chinese investments in Belt and Road region
June 3, 2017
Egypt among five destinations for Chinese investments in Belt and Road region
A report issued by the Chinese Academy of Social Sciences, Tsinghua University and Thomson Reuters Foundation on Saturday mentioned that…
UK election raises Brexit stakes while ECB eyes recovery
June 3, 2017
UK election raises Brexit stakes while ECB eyes recovery
It was meant to be a landslide victory for Prime Minister Theresa May. But the odds on that outcome in…
Egypt eyes increasing exports volume to EU to $50 bln
June 2, 2017
Egypt eyes increasing exports volume to EU to $50 bln
Egypt is seeking to be effective in the world economy in terms of volume of exports traded globally, said Amr…
Egypt to launch cruise lines with Greece in latest efforts to revive tourism
June 1, 2017
Egypt to launch cruise lines with Greece in latest efforts to revive tourism
As part of the state’s continuous efforts to attract additional tourists and revive the country’s ailing tourism industry, Egypt’s Ministry…
Oil prices dive 3 percent to three-week low; OPEC crude output up
June 1, 2017
Oil prices dive 3 percent to three-week low; OPEC crude output up
Oil prices sank 3 percent to a three-week low on Wednesday as an increase in Libyan output helped boost monthly…
Oil falls as rising Libyan, US output undermines cuts
May 31, 2017
Oil falls as rising Libyan, US output undermines cuts
Oil prices fell by 1 percent on Wednesday as rising Libyan production fueled concerns that OPEC-led output cuts are being…