Business

Egypt government says no talks with Iran over oil

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

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

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

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

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

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

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

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

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

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.
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