Business
China’s government flexes muscles with Uber, DreamWorks probes
September 3, 2016
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
September 3, 2016
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
September 2, 2016
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
September 1, 2016
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
August 31, 2016
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
August 31, 2016
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
August 31, 2016
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
August 31, 2016
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
August 31, 2016
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
August 30, 2016
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…