Business

Oil prices fall as Saudi Arabia dampens prospects of output freeze

Oil prices fall as Saudi Arabia dampens prospects of output freeze

Oil prices fell on Friday after the Saudi energy minister tempered expectations of strong market intervention by producers during talks…
Egypt’s wheat corruption scandal: timeline of a crisis

Egypt’s wheat corruption scandal: timeline of a crisis

The minister responsible for food subsidies in Egypt, the world's biggest wheat importer, resigned on Thursday amid a high profile…
Welspun scandal follows years of plummeting Egyptian cotton output

Welspun scandal follows years of plummeting Egyptian cotton output

A scandal involving the alleged sale of falsely labeled Egyptian cotton products by an Indian textile manufacturer to U.S.
Egypt plans to end fuel subsidies within three years

Egypt plans to end fuel subsidies within three years

Egypt plans to end fuel subsidies within three years and is aiming to increase fuel prices to 65 percent of…
Parliament must approve 14 percent VAT rate: deputy minister

Parliament must approve 14 percent VAT rate: deputy minister

Egypt's deputy finance minister for taxation polices, Amr al-Monier, has expressed fears that parliament may reduce the rate for Value-Added…
Egypt wheat commission submits corruption report amid calls for minister to resign

Egypt wheat commission submits corruption report amid calls for minister to resign

A fact-finding commission investigating corruption in Egypt's domestic wheat supplies has delivered its final report to parliament, a lawmaker said…
Russia, Egypt agree on roadmap for return of tourism: aviation minister

Russia, Egypt agree on roadmap for return of tourism: aviation minister

Egypt has agreed with Russia on a roadmap for the return of Russian flights and tourist services to Egypt, after…
Oil falls as China fuel exports jump, US rigs rise

Oil falls as China fuel exports jump, US rigs rise

Oil prices fell nearly 3 percent on Monday as China ramped up exports of refined products, U.S. oil producers added…
Gulf tourism frenzy in Bosnia delights business, polarizes locals

Gulf tourism frenzy in Bosnia delights business, polarizes locals

Abdulah Al Sanousi enjoys the breeze in the lush resort outside Sarajevo where his family bought a flat to escape…
Egypt sees eurobond yield at 5.5-6 pct for Sept/Oct issuance

Egypt sees eurobond yield at 5.5-6 pct for Sept/Oct issuance

Egypt expects its eurobond issuance at the end of September or early October to have a yield between 5.5 percent…
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