Business
Cabinet’s IDSC denies govt intentions to change shape of currency
May 15, 2017
Cabinet’s IDSC denies govt intentions to change shape of currency
The Cabinet’s Information and Decision Support Center (IDSC) denied news reports that the government intends to change the shape of…
Oil price jump soothes cyber nerves
May 15, 2017
Oil price jump soothes cyber nerves
Oil’s strongest run of gains since December cushioned the hit to stock markets on Monday from a successful missile test…
Oil rises above $52 as Saudis and Russia back longer supply cut
May 15, 2017
Oil rises above $52 as Saudis and Russia back longer supply cut
Oil hit its highest in more than three weeks on Monday, topping $52 a barrel after Saudi Arabia and Russia…
Will ‘Cyber Chaos’ spread with workweek’s start?
May 15, 2017
Will ‘Cyber Chaos’ spread with workweek’s start?
Global cyber chaos was spreading Monday as companies booted up computers at work following the weekend’s worldwide “ransomware” cyberattack. The…
BP launches two new gas fields in Egypt
May 13, 2017
BP launches two new gas fields in Egypt
BP has started gas production from two fields in its West Nile Delta development off Egypt’s coast, the second of…
Inflation expected to rise higher as rate reaches 32.9% in April
May 11, 2017
Inflation expected to rise higher as rate reaches 32.9% in April
The Central Agency for Public Mobilization and Statistics (CAPMAS) has estimated the annual inflation rate in April at 32.9 percent,…
Bloomberg says foreign currency crisis starting to ease
May 11, 2017
Bloomberg says foreign currency crisis starting to ease
Bloomberg said the lifting of restrictions imposed on the customers’ credit card purchases overseas is an indication that the foreign currency crisis…
Emirates airline says profits down 70 percent in past year
May 11, 2017
Emirates airline says profits down 70 percent in past year
Emirates Group, which operates the Middle East’s largest airline, says profits have fallen by 70 percent to $670 million, though…
Oil up on falling US inventories, Saudi cuts to Asia
May 11, 2017
Oil up on falling US inventories, Saudi cuts to Asia
Oil prices rose on Thursday, with global benchmark Brent crude trading comfortably above $50 a barrel after a fall in…
Suez Canal revenues record $853.7 mn in March, April
May 10, 2017
Suez Canal revenues record $853.7 mn in March, April
Suez Canal revenues over the past two months have reached $853.7 million, compared to $820.4 million for the same period…