Business
Global stocks rally as global slowdown fears fade
March 2, 2016
Global stocks rally as global slowdown fears fade
World shares and bond yields rose on Wednesday as the recent recovery in oil prices and a batch of positive…
Nestle eyes Egypt growth despite dollar squeeze
March 1, 2016
Nestle eyes Egypt growth despite dollar squeeze
Nestle (NESN.VX) is pushing ahead with plans to invest LE1 billion Egyptian (US$127.71 million) in Egypt in the next few…
OPEC watching Iran, Russia, unlikely to cut output in June
March 1, 2016
OPEC watching Iran, Russia, unlikely to cut output in June
OPEC is very unlikely to cut output at its next meeting in June, even if prices remain extremely low, according…
‘Belady’ certificates could collect US$3 mn if offered locally: expert
March 1, 2016
‘Belady’ certificates could collect US$3 mn if offered locally: expert
Economic Expert and Financing Professor Medhat Nafea expects the ‘Belady’ dollar denominated certificate to collect around US$3 billion when offered…
Egypt-Korean Business Council to convene Thursday in S.Korea
March 1, 2016
Egypt-Korean Business Council to convene Thursday in S.Korea
The ninth session of the Egyptian-Korean Business Council will be inaugurated Thursday in South Korea. President Abdel Fattah al-Sisi will participate…
India pledges billions for farmers in ‘make-or-break’ budget
February 29, 2016
India pledges billions for farmers in ‘make-or-break’ budget
India pledged to spend US$5.2 billion dollars to double the income of struggling farmers and also boost a rural employment…
China expects to lay off 1.8 million workers in coal, steel sectors
February 29, 2016
China expects to lay off 1.8 million workers in coal, steel sectors
China said on Monday it expects to lay off 1.8 million workers in the coal and steel industries, or about…
Egypt launches investment scheme to lure expat dollars
February 29, 2016
Egypt launches investment scheme to lure expat dollars
Egypt launched a new scheme on Monday to encourage millions of Egyptians living abroad to pour their dollar savings into…
Eni to invest US$2 bn in Egypt in 2017: official
February 28, 2016
Eni to invest US$2 bn in Egypt in 2017: official
The Italian multinational oil and gas company Eni will add US$2 billion to Egypt's investments in the first quarter of 2017 through its Zohr natural gas…
After G20 stalemate, focus turns to signs of growth momentum
February 28, 2016
After G20 stalemate, focus turns to signs of growth momentum
Investors worried about the risk of a new global recession are hoping that data over the coming week will show…