Business

International Cooperation Minister Sahar Nasr discusses investment with China’s CTGN Arabic

International Cooperation Minister Sahar Nasr discusses investment with China’s CTGN Arabic

The Belt and Road Forum, an investment forum organized by the Chinese government, hosted Egypt’s International Cooperation Minister Sahar Nasr…
Hong Kong police arrest 21 Uber drivers

Hong Kong police arrest 21 Uber drivers

Hong Kong police on Tuesday arrested 21 Uber drivers for illegal car-hiring as part of a clamp down against Uber…
US plan to sell oil reserves undermines OPEC supply management efforts

US plan to sell oil reserves undermines OPEC supply management efforts

US President Donald Trump’s proposal to sell half of the United States’ strategic oil reserve surprised energy markets on Tuesday…
In surprise move, CBE hikes key interest rates

In surprise move, CBE hikes key interest rates

The Central Bank of Egypt raised its key interest rates by 200 basis points on Sunday, citing stronger economic growth…
OPEC, hedge funds and the Sistine Chapel

OPEC, hedge funds and the Sistine Chapel

It was an unconventional venue for an unusual encounter: in the Vatican’s Sistine Chapel in the summer of 2016, OPEC’s…
Boeing Co signs defense, commercial deals with Saudi Arabia

Boeing Co signs defense, commercial deals with Saudi Arabia

Boeing Co (BA.N) said on Sunday it had signed a number of defense and commercial deals with Saudi Arabia including…
Softbank-Saudi tech fund becomes world’s biggest with $93 billion of capital

Softbank-Saudi tech fund becomes world’s biggest with $93 billion of capital

The world’s largest private equity fund, backed by Japan’s Softbank Group and Saudi Arabia’s main sovereign wealth fund, said on…
US dollar exchange rate stable during Sunday trading

US dollar exchange rate stable during Sunday trading

The US dollar exchange rate has been stable during Sunday trading. The purchasing rate at the National Bank of Egypt and Banque…
Saudi Arabia to increase investment in Egypt up to $51 bn

Saudi Arabia to increase investment in Egypt up to $51 bn

The Saudi-Egyptian Business Council plans to increase investments by both the Saudi government and private sectors in Egypt to reach…
Sumed, NBK sign agreement to boost petroleum products storage

Sumed, NBK sign agreement to boost petroleum products storage

Sumed company and the National Bank of Kuwait (NBK) signed an a agreement to provide $300 million to finance part…
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