Business
EU wheat drifts lower despite India, Egypt demand hopes
September 24, 2016
EU wheat drifts lower despite India, Egypt demand hopes
European wheat futures edged lower on Friday, pressured by earlier weakness in Chicago as hefty global supplies continued to hang…
Oil slumps 4 percent as no output deal expected for OPEC
September 24, 2016
Oil slumps 4 percent as no output deal expected for OPEC
Oil prices tumbled 4 percent on Friday on signs Saudi Arabia and arch rival Iran were making little progress in…
Egypt’s GASC buys 240,000 tonnes of Russian wheat after amending terms
September 24, 2016
Egypt’s GASC buys 240,000 tonnes of Russian wheat after amending terms
Egypt's General Authority for Supply Commodities (GASC) bought 240,000 tonnes of Russian wheat on Thursday in a tender, its first…
Yahoo says hackers stole data from 500 million accounts in 2014
September 23, 2016
Yahoo says hackers stole data from 500 million accounts in 2014
Yahoo Inc said on Thursday that at least 500 million of its accounts were hacked in 2014 by what it…
Saudis offer oil cut for OPEC deal if Iran freezes output: sources
September 23, 2016
Saudis offer oil cut for OPEC deal if Iran freezes output: sources
Saudi Arabia has offered to reduce oil production if rival Iran agrees to cap its own output this year, in…
Revenues from Suez Canal traffic down by 4.5% on previous year: CBE report
September 23, 2016
Revenues from Suez Canal traffic down by 4.5% on previous year: CBE report
In a report published on Wednesday, the Central Bank announced that revenues from Suez Canal traffic decreased by 4.5 percent…
Egypt’s three mobile operators shun 4G licences: officials
September 22, 2016
Egypt’s three mobile operators shun 4G licences: officials
Egypt's three established mobile phone operators have declined to buy fourth-generation (4G) service licences, two Egyptian telecoms officials told Reuters…
Fingerprint scanners to be installed for airport customers workers: minister
September 22, 2016
Fingerprint scanners to be installed for airport customers workers: minister
Egypt has agreed to implement a fingerprint scanning system for the admission of airpot staff into customs areas, the last…
Egypt backtracks on zero ergot wheat policy as imports decline
September 22, 2016
Egypt backtracks on zero ergot wheat policy as imports decline
The Egyptian government has backtracked on its zero-tolerance policy on ergot in wheat imports after 540,000 tons were kept at…
Egypt trade deficit narrows by $7 bln since January: trade minister
September 21, 2016
Egypt trade deficit narrows by $7 bln since January: trade minister
Egypt's trade deficit has narrowed by $7 billion since January, Trade and Industry Minister Tarek Kabil said on Tuesday, adding…