Business
Egypt government says no talks with Iran over oil
November 7, 2016
Egypt government says no talks with Iran over oil
Egypt petroleum ministry denied Reuters report on Minister Tarek El Molla visiting Iran for oil talks after Saudi Aramco suspended…
US dollar at LE16, shortage continues
November 6, 2016
US dollar at LE16, shortage continues
The US dollar has reached a new level, being sold at LE16 at Egyptian banks on Sunday, as banks began…
No quick portfolio inflows due to Egypt devaluation, fund managers say
November 6, 2016
No quick portfolio inflows due to Egypt devaluation, fund managers say
Egypt's currency devaluation may eventually bring foreign money into the country, but fund managers say uncertainty about the economy means…
Egypt banks to lift limits on use of credit cards abroad
November 6, 2016
Egypt banks to lift limits on use of credit cards abroad
Two days after Egyptian pound devaluation, banks working in Egypt started to review restrictions on the use of credit and…
CenturyLink to sell data centers, colocation business
November 5, 2016
CenturyLink to sell data centers, colocation business
Telecommunications firm CenturyLink Inc said it would sell its data centers and colocation business to a group of funds for…
Agricultural Bank of China to pay New York state $215 million for anti-money laundering violations
November 5, 2016
Agricultural Bank of China to pay New York state $215 million for anti-money laundering violations
Agricultural Bank of China Ltd (601288.SS) ABOC.UL will pay a $215 million penalty for violating New York state's anti-money laundering…
Samsung recalls 2.8 mln washing machines in U.S. over injury risk
November 5, 2016
Samsung recalls 2.8 mln washing machines in U.S. over injury risk
Samsung Electronics Co Ltd, already reeling from a global recall of its Note 7 smartphones, said on Friday it would…
Investors smell profit in marijuana ballot measures
November 4, 2016
Investors smell profit in marijuana ballot measures
With marijuana legalization measures on the ballot in nine states Tuesday, investment opportunities are attracting money from Wall Street, Silicon…
Oil set for sixth straight day of declines
November 4, 2016
Oil set for sixth straight day of declines
Oil prices were on course for their sixth straight day of falls on Friday, dragged lower by a surge in…
These are the easiest places in the world to do business
November 4, 2016
These are the easiest places in the world to do business
Starting a new business in New Zealand takes less than one day. In Venezuela, it takes 230.