Business

Egypt’s external debt rises by 40.8%

Egypt’s external debt rises by 40.8%

Egypt's total external debt rose by 40.8 percent year-on-year in the first half of the fiscal year 2016-2017, while domestic…
Oil prices fall as Libya’s output rebound boosts supply

Oil prices fall as Libya’s output rebound boosts supply

Oil prices fell on Tuesday as a rebound in Libyan crude production combined with an increase in US drilling to…
Foreign currency records its highest level since 2011

Foreign currency records its highest level since 2011

The balance of foreign currency reserves recorded its highest level since March 2011 reaching about US$28.5 billion, while the volume…
Wall Street stocks flat as ‘difficult’ Trump-Xi talks loom

Wall Street stocks flat as ‘difficult’ Trump-Xi talks loom

US stocks were flat on Monday, with investors awaiting the earnings season to justify high valuations, and, more immediately, the…
US dollar rates remain stable at banks on Monday

US dollar rates remain stable at banks on Monday

The dollar exchange rates in banks stabilized on Monday morning after it surpassed the LE18 mark on March 14. According to the latest…
Major Abu Dhabi lenders merge to create UAE’s largest bank

Major Abu Dhabi lenders merge to create UAE’s largest bank

Two major lenders in the United Arab Emirates, the First Gulf Bank and the National Bank of Abu Dhabi, have…
Etihad Airways says bookings to US healthy despite laptop ban

Etihad Airways says bookings to US healthy despite laptop ban

Etihad Airways' bookings to the United States are healthy despite last month's introduction of a ban on most electronics from…
Iraq to boost crude oil production by year’s end: minister

Iraq to boost crude oil production by year’s end: minister

Iraq's oil minister says the country plans to increase daily crude oil production to 5 million barrels by the end…
Toyota recalls 2.9 mln vehicles globally over airbags

Toyota recalls 2.9 mln vehicles globally over airbags

Toyota Motor Corp. on Thursday said it was recalling a total of about 2.9 million vehicles in Japan, China, Oceania…
Tax returns reached LE1.720 bn: Official

Tax returns reached LE1.720 bn: Official

Deputy Minister of Finance, Amr al-Mounir, announced that the estimated tax returns for the current season amounted to one billion…
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