Business
US not against foreign banks dealing with Iran: Kerry
April 23, 2016
US not against foreign banks dealing with Iran: Kerry
The United States is not opposed to foreign banks doing business with Iran in line with the terms of last…
Turkey releases Polly Peck fraudster Nadir after repatriation from Britain
April 23, 2016
Turkey releases Polly Peck fraudster Nadir after repatriation from Britain
Turkish Cypriot businessman Asil Nadir, jailed in Britain in 2012 for stealing millions from his business empire, was released in…
Libya’s NOC says eastern government tried to export 650,000 barrels
April 23, 2016
Libya’s NOC says eastern government tried to export 650,000 barrels
Libya's National Oil Corporation (NOC) said the country's eastern government attempted to export 650,000 barrels of oil this week, but…
Lenders ask Greece to prepare contingency package of extra reforms
April 22, 2016
Lenders ask Greece to prepare contingency package of extra reforms
International lenders asked Greece on Friday to prepare a package of additional savings measures which would be passed into law…
Oil heads for third week of gains as sentiment turns upbeat
April 22, 2016
Oil heads for third week of gains as sentiment turns upbeat
Oil prices rose on Friday towards US$45 a barrel, heading for a third straight week of gains as market sentiment…
Uber drivers remain independent contractors as lawsuit settled
April 22, 2016
Uber drivers remain independent contractors as lawsuit settled
Uber has agreed to pay up to US$100 million to settle a class-action lawsuit which resolves a major challenge to…
What devaluation? Egyptian currency traders shrug off black market crackdown
April 22, 2016
What devaluation? Egyptian currency traders shrug off black market crackdown
Egypt's war on black market currency traders is not going to plan. One month after a devaluation that was supposed…
Egyptian court ruling allows CI Capital deal with Beltone
April 21, 2016
Egyptian court ruling allows CI Capital deal with Beltone
A Cairo Court ruled in favour of Commercial International Bank (CIB) on Wednesday, pushing through the sale of shares in…
Egypt pound weaker on black market amid dollar hoarding
April 21, 2016
Egypt pound weaker on black market amid dollar hoarding
The Egyptian pound weakened on the parallel market on Tuesday reaching LE11 against the dollar at a time when Egypt's…
VW to offer to buy back nearly 500,000 US diesel cars
April 21, 2016
VW to offer to buy back nearly 500,000 US diesel cars
Volkswagen AG and US officials have reached a framework deal under which the automaker would offer to buy back almost…