Business
Saudi Aramco finalizes IPO options, plans global expansion
May 11, 2016
Saudi Aramco finalizes IPO options, plans global expansion
Saudi Arabia's state-owned oil giant Aramco is finalizing proposals for its partial privatization and will present them to its Supreme…
Don’t use US as excuse for not doing business with Iran: Kerry
May 11, 2016
Don’t use US as excuse for not doing business with Iran: Kerry
Companies should not use the United States as an excuse for not doing business with Iran, US Secretary of State…
Trade deficit reduced by US$1.1 bn in January 2016: CAPMAS
May 10, 2016
Trade deficit reduced by US$1.1 bn in January 2016: CAPMAS
The Central Agency for Public Mobilization and Statistics (CAPMAS) announced that Egypt's trade deficit was reduced by US$ 1.1 billion…
Telecom Egypt’s first-quarter net profit more than doubles
May 9, 2016
Telecom Egypt’s first-quarter net profit more than doubles
State-owned landline monopoly Telecom Egypt's first-quarter net profit jumped almost 116 percent due to growth in its retail business segment.The…
Oil jumps on Canada wildfire outages, markets eye Saudi reshuffle
May 9, 2016
Oil jumps on Canada wildfire outages, markets eye Saudi reshuffle
Oil rallied on Monday as Canada's most destructive wildfire in recent memory knocked out over a million barrels in daily…
Egypt’s Orascom Construction wins US$308 mln Cairo metro line contracts
May 9, 2016
Egypt’s Orascom Construction wins US$308 mln Cairo metro line contracts
Egypt's Orascom Construction has won two contracts worth 270 million euros (US$307.75 million) for work on the third phase of…
Saudi stock market rises after government reshuffle
May 8, 2016
Saudi stock market rises after government reshuffle
Saudi Arabia's stock market rose in early trade on Sunday after the king announced a sweeping reorganisation of the economic…
Oil falls as investors cash in on month-long gains
May 6, 2016
Oil falls as investors cash in on month-long gains
Oil prices fell on Friday as investors cashed in on a 20-percent rise over the past month, outweighing the impact…
China to invest $11.9 billion in aviation infrastructure in 2016: Xinhua
May 5, 2016
China to invest $11.9 billion in aviation infrastructure in 2016: Xinhua
China will invest 77 billion yuan (US$11.9 billion) this year in building aviation infrastructure, the official Xinhua news agency reported…
Oil rallies as Canada fire and Libya violence threaten supply
May 5, 2016
Oil rallies as Canada fire and Libya violence threaten supply
A huge wildfire near Canada's oil sands region and escalating tensions in Libya stoked concern among investors over a near-term…