Business
Finance Ministry to add 10% social allowance to workers’ salaries from May
April 26, 2017
Finance Ministry to add 10% social allowance to workers’ salaries from May
The Finance Ministry approved the disbursement of a 10 percent social allowance for workers, during a meeting with the leaders…
Egypt wheat reserves at 2.6 months, to buy 3.8 mln tons from local harvest
April 24, 2017
Egypt wheat reserves at 2.6 months, to buy 3.8 mln tons from local harvest
Egypt has about 2.6 months' worth of wheat in its strategic reserves and expects to buy up about 3.8 million…
CEO of world’s largest cement maker to resign after company admits paying Syrian groups
April 24, 2017
CEO of world’s largest cement maker to resign after company admits paying Syrian groups
LafargeHolcim (LHN.S) Chief Executive Eric Olsen will leave the company in July after the world's largest cement maker admitted on…
HSBC wins mandate on $100 bln Saudi Aramco IPO: CEO
April 24, 2017
HSBC wins mandate on $100 bln Saudi Aramco IPO: CEO
HSBC Holdings Plc (HSBA.L) has been formally mandated as an adviser on the initial public offering of Saudi Arabia's national…
30 projects worth $20 billion to be established in Suez Canal Economic Zone: official
April 24, 2017
30 projects worth $20 billion to be established in Suez Canal Economic Zone: official
Egypt will establish 30 projects in the Suez Canal Economic Zone with investments totalling US$20 billion, said President of the Suez Canal…
Saudi Arabia restores perks to state employees, boosting markets
April 24, 2017
Saudi Arabia restores perks to state employees, boosting markets
Saudi Arabia reinstated financial allowances for civil servants and military personnel on Saturday after better-than-expected budget figures, ending unpopular cuts…
Egypt’s Sharm el-Luli ranks 3rd in top 10 Middle East beaches
April 23, 2017
Egypt’s Sharm el-Luli ranks 3rd in top 10 Middle East beaches
Sharm el-Luli beach in the resort town of Marsa Alam in the Red Sea governorate came third in a TripAdvisor ranking…
Fees to be imposed on fish exports: Trade Minister
April 23, 2017
Fees to be imposed on fish exports: Trade Minister
The decision over whether to impose fees on fish exports is still under consideration; the value of this fee will be based…
Trump warming to EU free trade deal: Times
April 22, 2017
Trump warming to EU free trade deal: Times
The United States could strike a free-trade agreement with the European Union after President Donald Trump warmed to a deal…