Business
Qatar slashes budget for 2022 World Cup by at least 40%
April 12, 2017
Qatar slashes budget for 2022 World Cup by at least 40%
Qatar has slashed its budget for hosting the 2022 soccer World Cup.Hassan al-Thawadi, the Qatari official charged with delivering the…
Saudis, oil majors discuss gas investments ahead of giant IPO
April 12, 2017
Saudis, oil majors discuss gas investments ahead of giant IPO
Saudi Arabia and international oil companies have discussed gas venture opportunities inside the kingdom and abroad as part of the…
Petroleum Minister, EU officials meet to boost cooperation in energy projects
April 12, 2017
Petroleum Minister, EU officials meet to boost cooperation in energy projects
Petroleum Ministry Tareq el-Molla met with Christian Danielsson, Director-General for European Neighbourhood Policy and Enlargement Negotiations, and Ivan Surkos, Head of the European Delegation…
Wall Street opens lower amid geopolitical jitters
April 11, 2017
Wall Street opens lower amid geopolitical jitters
US stocks edged lower on Tuesday as rising geopolitical tensions in the Middle East and the Korean peninsula pushed investors…
Egypt signs €10 million grant agreement with EU for empowerment of women
April 11, 2017
Egypt signs €10 million grant agreement with EU for empowerment of women
Minister of Investment and International Cooperation Sahar Nasr signed a grant agreement with Director General of the European Neighborhood Policy and…
Naguib Sawiris launches new bank in Europe to finance small, medium enterprises
April 11, 2017
Naguib Sawiris launches new bank in Europe to finance small, medium enterprises
Riverbank S.A., which is majority-owned by Egyptian business tycoon Naguib Sawiris, officially launched operations in Europe on Monday, after receiving its…
Government approves bill regulating Uber, Careem
April 11, 2017
Government approves bill regulating Uber, Careem
The Cabinet has approved a draft law regulating the transport of passengers via private cars through the use of information…
Egypt annual inflation rates hits the highest records since 30 years, CAPMAS
April 10, 2017
Egypt annual inflation rates hits the highest records since 30 years, CAPMAS
The annual consumer inflation rate spiked to 32.5 percent in March 2017, compared to 9.2 percent in the same month…
Regulators investigate Barclays CEO Staley over whistleblowing case
April 10, 2017
Regulators investigate Barclays CEO Staley over whistleblowing case
British regulators are investigating Barclays Chief Executive Jes Staley and the bank itself, over the handling of a whistleblowing incident,…
Geopolitics from France to Korea keep investors cautious
April 10, 2017
Geopolitics from France to Korea keep investors cautious
Trading volumes were muted for many financial market assets on Monday with investors refraining from making big bets because of…