Business
U.S. economy slowed less than expected in first quarter; outlook cloudier
May 26, 2017
U.S. economy slowed less than expected in first quarter; outlook cloudier
The U.S. economy slowed less than initially thought in the first quarter, but softening business investment and moderate consumer spending…
U.S. lawmakers want to ban American tourists from North Korea
May 26, 2017
U.S. lawmakers want to ban American tourists from North Korea
U.S. lawmakers are pushing for a ban on American tourists visiting North Korea. Two congressmen introduced a bill on Thursday…
Egypt negotiates 3rd tranche of World Bank loan
May 25, 2017
Egypt negotiates 3rd tranche of World Bank loan
Minister of Investment and International Cooperation Sahar Nasr met with Asaad Alem, the World Bank’s Regional Director in Cairo, on Wednesday…
OPEC likely to extend production cuts into next year
May 25, 2017
OPEC likely to extend production cuts into next year
OPEC countries and other producers including oil giant Russia are backing prolonging last year’s production cut to shore up crude…
Dollar holds above 6.5-month low, as Moody’s downgrades China
May 24, 2017
Dollar holds above 6.5-month low, as Moody’s downgrades China
The dollar on Wednesday held above 6.5-month lows hit in previous days, as comments from a senior Federal Reserve official…
OPEC likely to extend output cuts, but price relief elusive
May 24, 2017
OPEC likely to extend output cuts, but price relief elusive
OPEC oil ministers meeting this week appear damned if they don’t extend production cuts — and only slightly less damned…
International Cooperation Minister Sahar Nasr discusses investment with China’s CTGN Arabic
May 23, 2017
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
May 23, 2017
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
May 23, 2017
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
May 22, 2017
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…