Business
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…
US dollar bond yields jump in Egypt: Bloomberg
May 8, 2017
US dollar bond yields jump in Egypt: Bloomberg
The US dollar bond yields in Egypt have jumped this year, causing the cost of borrowing to reach its lowest…
Egypt plans new Eurobond issue end May or early June: Finance minister
May 8, 2017
Egypt plans new Eurobond issue end May or early June: Finance minister
Egypt plans to issue a new Eurobond at the end of May or start of June, Finance Minister Amr El…