Business
Global oil market to reach supply-demand balance by end of 2016: BP
June 16, 2016
Global oil market to reach supply-demand balance by end of 2016: BP
The global oil market will reach the balance of supply and demand by the end of the year, BP head…
Iran files complaint with ICJ to recover $2 billion frozen in US
June 16, 2016
Iran files complaint with ICJ to recover $2 billion frozen in US
Iran has filed a formal complaint with the International Court of Justice to recover nearly $2 billion in assets frozen…
For Egypt’s entrepreneurs, going green makes business sense
June 15, 2016
For Egypt’s entrepreneurs, going green makes business sense
As young people across the Middle East grapple with a lack of employment, a growing number of Egyptian entrepreneurs are…
Egypt’s illicit currency traders defy crackdown, spread business abroad
June 15, 2016
Egypt’s illicit currency traders defy crackdown, spread business abroad
Egypt's efforts to stamp out illicit currency trading is pushing black market dealers to carry out transactions abroad, beyond the…
Egypt’s EGAS wins case over gas cuts at LNG plant
June 15, 2016
Egypt’s EGAS wins case over gas cuts at LNG plant
The Paris-based International Court of Arbitration has ruled that Egypt's state gas board EGAS will not have to pay a…
China’s yuan trade system to open branches in London, New York
June 13, 2016
China’s yuan trade system to open branches in London, New York
China's state-owned currency marketplace said on Sunday it was preparing to open branches in London and New York as part…
Microsoft to buy LinkedIn for US$26.2 billion in its largest deal
June 13, 2016
Microsoft to buy LinkedIn for US$26.2 billion in its largest deal
Microsoft Corp agreed to buy LinkedIn Corp for US$26.2 billion in its biggest-ever deal, combining the software giant's fast-growing cloud…
Egypt builds new homes to replace crumbling slums
June 13, 2016
Egypt builds new homes to replace crumbling slums
Bayada Mohamed has left her old slum on a crumbling cliffside and moved into a new flat in a Cairo…
US$60 oil is coming soon: Saudi Arabia
June 12, 2016
US$60 oil is coming soon: Saudi Arabia
Crude oil could rise to US$60 a barrel by the end of the year, even without any help from OPEC.That…
Egypt to end local wheat buying on Wednesday: Supply Ministry
June 11, 2016
Egypt to end local wheat buying on Wednesday: Supply Ministry
Egypt will end local wheat buying on Wednesday, earlier than usual, due to exceeding its target of four million tonnes,…