Business
Saudi, Egyptian markets edge up in early trade
February 17, 2016
Saudi, Egyptian markets edge up in early trade
The Saudi Arabian stock market edged up in early trade on Wednesday before an oil producers' meeting that could help…
Iran could decide fate of first global oil deal for 15 years
February 17, 2016
Iran could decide fate of first global oil deal for 15 years
The fate of the first global oil deal in 15 years could be decided on Wednesday when OPEC members travel…
Italian tourist bookings down 90%, Regeni death casts shadow: official
February 16, 2016
Italian tourist bookings down 90%, Regeni death casts shadow: official
Bookings by Italian tourists planning a trip to Egypt next summer are down 90 percent from the 2015 season, and…
Egypt’s central bank not moving toward weakening the pound: official
February 16, 2016
Egypt’s central bank not moving toward weakening the pound: official
Egypt's central bank is not moving toward devaluing the pound or floating its currency, a central bank official said in…
Egyptian pound steady at forex sale, weaker on black market
February 16, 2016
Egyptian pound steady at forex sale, weaker on black market
The Egyptian pound held steady against the dollar at an official foreign currency auction on Tuesday but weakened on the…
Saudis, Russia agree oil output freeze, talks with Iran to follow
February 16, 2016
Saudis, Russia agree oil output freeze, talks with Iran to follow
Top global oil exporters including Russia and Saudi Arabia agreed on Tuesday to freeze output to tackle a global glut…
Russian wheat export prices slide on Egypt policy worries
February 16, 2016
Russian wheat export prices slide on Egypt policy worries
Russian wheat export prices fell last week, hit by concerns about future supply contracts to world No. 1 importer Egypt,…
CIB accepts billionaire Sawiris’s bid to buy CI Capital, Egypt’s stock market rises
February 15, 2016
CIB accepts billionaire Sawiris’s bid to buy CI Capital, Egypt’s stock market rises
The Egyptian stock market's benchmark index EGX 30 rose by around 0.95 percent, reaching 5,808 points in the first 15…
Zika effect short-lived in Latin American stocks, for now: Morgan Stanley
February 15, 2016
Zika effect short-lived in Latin American stocks, for now: Morgan Stanley
The spread of the Zika virus will likely affect tourism and transport-related stocks in Latin America in the short term,…
Oil edges down; weak China trade data drags
February 15, 2016
Oil edges down; weak China trade data drags
Brent and US crude futures edged lower on Monday as the dollar regained ground and as weak Chinese trade data…