Business

China’s government flexes muscles with Uber, DreamWorks probes

China’s government flexes muscles with Uber, DreamWorks probes

The Chinese government said on Friday it was investigating two high-profile takeover proposals involving US companies, the latest sign of its…
Starbucks, Amazon pay less tax than a sausage stand, Austria says

Starbucks, Amazon pay less tax than a sausage stand, Austria says

Multinationals like coffee chain Starbucks and online retailer Amazon pay less tax in Austria than one of the country's tiny…
Italian company Eni drills fifth well at super-giant Zohr gas field

Italian company Eni drills fifth well at super-giant Zohr gas field

The Italian petroleum company Eni has announced the successful drilling of its fifth well in the super-giant Zohr gas field…
Prosecutor releases second suspect in wheat corruption case

Prosecutor releases second suspect in wheat corruption case

Public Prosecutor Ahmed Sadeq has ordered the release of Ibrahim Hatab, a wheat silo owner charged in connection with corruption…
VAT will not increase gasoline, diesel prices: GPC

VAT will not increase gasoline, diesel prices: GPC

The chief executive of the General Petroleum Corporation, Tareq al-Hadidy, has denied that the looming introduction of a Value-Added Tax…
Egypt, India to discuss mega projects, medical city

Egypt, India to discuss mega projects, medical city

President Abdel Fattah al-Sisi begins a three-day visit to New Delhi on September 1 for talks with Prime Minister Narendra…
Amazon Dash one-button device arrives in Britain

Amazon Dash one-button device arrives in Britain

Seeking to capitalize on Britons too busy or forgetful to shop for household essentials, retail giant Amazon is bringing its…
Oil slips on dollar strength, still set for monthly gain

Oil slips on dollar strength, still set for monthly gain

Crude oil prices slid on Wednesday, pressured by a strong U.S. dollar and high stocks of physical oil, though prices…
Cyprus signs deal with Egypt for gas transfers via pipeline

Cyprus signs deal with Egypt for gas transfers via pipeline

Cyprus signed a deal on Wednesday for the transfer of natural gas via pipeline to Egypt, once extraction starts of…
1.33 mn Egyptians permitted to work abroad in 2015: CAPMAS

1.33 mn Egyptians permitted to work abroad in 2015: CAPMAS

The total number of permits for working abroad issued by Egypt's Interior Ministry rose by 0.9 percent in 2015 compared…
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