Business
Kuwait oil, gas workers end three-day strike: local newspaper
April 20, 2016
Kuwait oil, gas workers end three-day strike: local newspaper
Kuwaiti oil and gas workers have ended a three-day strike that had temporarily cut the OPEC member's crude production by…
Egypt’s Zohr gas field to produce 1 bln cubic feet per day by end of 2017
April 19, 2016
Egypt’s Zohr gas field to produce 1 bln cubic feet per day by end of 2017
Egypt has agreed with Italy's Eni to begin production of one billion cubic feet per day of gas at the…
New petroleum excavations to be declared end of April: Minister
April 19, 2016
New petroleum excavations to be declared end of April: Minister
Eleven new petroleum excavations in the western desert and Suez will be revealed by the end of April, according to…
Egypt to launch new oil exploration round next week
April 19, 2016
Egypt to launch new oil exploration round next week
Egypt plans to launch a new oil exploration round next week, offering 11 blocks in the Western desert and the…
Oil rises as Kuwaiti oil workers strike cuts output for third day
April 19, 2016
Oil rises as Kuwaiti oil workers strike cuts output for third day
Oil prices rose on Tuesday as an oil workers strike in Kuwait nearly halved crude production from the OPEC member,…
Egyptian scientists develop new, low-cost hepatitis-C drug
April 18, 2016
Egyptian scientists develop new, low-cost hepatitis-C drug
Egyptian medical researchers have announced an apparent scientific breakthrough in the treatment of hepatitis-C, in the form of a medicine…
Countries, Egypt, look to draw expatriate cash with “diaspora bonds”
April 18, 2016
Countries, Egypt, look to draw expatriate cash with “diaspora bonds”
A growing roster of developing states are turning to their compatriots abroad to raise cash by marketing "diaspora bonds", a…
Botched Doha deal undermines OPEC credibility, oil prices tumble
April 18, 2016
Botched Doha deal undermines OPEC credibility, oil prices tumble
Oil prices tumbled on Monday after a meeting by major exporters in Qatar collapsed without an agreement to freeze output,…
Lenders eye start of Greek debt relief talks at IMF meetings in mid-April
April 18, 2016
Lenders eye start of Greek debt relief talks at IMF meetings in mid-April
Euro zone finance ministers are likely to start discussing debt relief for Greece on the sidelines of the IMF's spring…
Oil freeze deal faces trouble as Saudi-Iran tensions spike
April 17, 2016
Oil freeze deal faces trouble as Saudi-Iran tensions spike
A spike in tensions between arch-rivals Saudi Arabia and Iran appeared on Sunday to ruin prospects of the first binding…