Business
Egypt’s inflation falls for first time since currency float
June 8, 2017
Egypt’s inflation falls for first time since currency float
Egypt’s annual consumer price inflation fell to 30.9 percent in May, compared to 32.9 percent in April, the Central Agency…
Asian stocks on edge before UK election, ECB, Comey testimony
June 8, 2017
Asian stocks on edge before UK election, ECB, Comey testimony
Asian shares wobbled on Thursday as investors braced for any surprises from the UK election, a European Central Bank policy…
Deutsche Bank projects Egypt inflation down to 20% by end of 2017
June 7, 2017
Deutsche Bank projects Egypt inflation down to 20% by end of 2017
Deutsche Bank projected on Monday that Egypt’s inflation will decline to approximately 20% by the end of 2017 – a…
Qatari commodity export costs to rise as UAE port ban disrupts trading
June 6, 2017
Qatari commodity export costs to rise as UAE port ban disrupts trading
The costs of Qatari energy and commodity exports are likely to rise as the United Arab Emirates’ ban on Qatari…
Egyptian billionaire Sawiris calls for Egyptian businessmen to withdraw from Qatar
June 5, 2017
Egyptian billionaire Sawiris calls for Egyptian businessmen to withdraw from Qatar
Egyptian billionaire Naguib Sawiris has called on Egyptian businessmen to withdraw their investments from Qatar and halt business dealings with…
Egypt’s central bank did not order to halt Qatari riyal transactions: statement
June 5, 2017
Egypt’s central bank did not order to halt Qatari riyal transactions: statement
Egypt’s central bank said it has not ordered banks to halt transactions in Qatari riyals, after six Arab nations, including…
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…