Business
Tourism rates rise in Red Sea resorts over Easter holidays
April 17, 2017
Tourism rates rise in Red Sea resorts over Easter holidays
South Sinai cities and beaches along the gulfs of Suez and Aqaba saw a large turnout of Egyptian holidaymakers over…
Iran boosts gas production from underwater field
April 17, 2017
Iran boosts gas production from underwater field
Iran said Sunday that it has more than doubled production at a giant undersea gas reservoir over the last four…
In the Trump era, one US Muslim investor tries a louder voice
April 15, 2017
In the Trump era, one US Muslim investor tries a louder voice
Shareholder activism is rare in Islamic finance, but one wealth manager has staked out new territory as the most outspoken…
Incoming tourists exceed targeted rate by 15% during Q1: Minister
April 13, 2017
Incoming tourists exceed targeted rate by 15% during Q1: Minister
Tourism Minister Yehia Rashed said the number of incoming tourists during the first quarter of 2017 was 10-15 percent higher…
4G service to start operating in a few weeks: Orange Egypt CEO
April 13, 2017
4G service to start operating in a few weeks: Orange Egypt CEO
4G services will officially start operating in Egypt in a few weeks, CEO of Orange Egypt Jean-Marc Harion said on…
World oil market ‘close to balance’ despite OPEC cuts: IEA
April 13, 2017
World oil market ‘close to balance’ despite OPEC cuts: IEA
Supply and demand in the oil market are close to matching up, the IEA said Thursday, as landmark OPEC-led production…
Airplane maker ATR signs $536M, 20-aircraft deal with Iran
April 13, 2017
Airplane maker ATR signs $536M, 20-aircraft deal with Iran
European airplane manufacturer ATR said Thursday it signed a $536-million deal with Iran Air for at least 20 aircraft, the…
Egypt to import 1 million barrels of crude oil a month from Iraq
April 12, 2017
Egypt to import 1 million barrels of crude oil a month from Iraq
The Cabinet has agreed to import one million barrels of Iraqi oil a month, Minister of Petroleum Tareq el-Molla announced. The…
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…