Business
Saudi Aramco chairman defends oil giant’s possible IPO move
January 25, 2016
Saudi Aramco chairman defends oil giant’s possible IPO move
The chairman of Saudi Arabia's state oil giant said on Monday that plans for a possible initial public offering are…
After high hopes for Egypt, economy slumps following 2011 Uprising
January 25, 2016
After high hopes for Egypt, economy slumps following 2011 Uprising
Egypt's failing economic conditions in the past few years are often linked to the 2011 uprising but it seems that…
Yields on Egypt’s 3-year, 7-year treasury bonds drop at auction
January 24, 2016
Yields on Egypt’s 3-year, 7-year treasury bonds drop at auction
Yields on Egypt's 3-year and 7-year bonds fell at an auction on Sunday, data from the central bank showed. The yield…
Gulf stocks rebound on oil price, global shares rally
January 24, 2016
Gulf stocks rebound on oil price, global shares rally
Stock markets in the energy-rich Gulf states rebounded on Sunday, the first trading day of the Islamic week, after a…
BP Egypt says LNG shipment was diverted to manage peak demand
January 24, 2016
BP Egypt says LNG shipment was diverted to manage peak demand
BP Egypt said on Sunday that one of its LNG shipments to Egypt was held back this month as part…
Egyptian pound steady at forex sale, strengthened on black market
January 24, 2016
Egyptian pound steady at forex sale, strengthened on black market
Egypt's central bank kept the pound steady against the dollar at its official foreign currency auction on Sunday but the…
Meat producers plea for release of imports stranded at seaports
January 24, 2016
Meat producers plea for release of imports stranded at seaports
Four meat importing companies have sent a memo to Agriculture Minister Essam Fayed urging him to facilitate the release of…
Subway kiosks up for tender in February
January 24, 2016
Subway kiosks up for tender in February
Kiosks meant to provide jobs for youth and improve sales at Cairo’s subway stations will be put up for a…
Govt could expand to short-staple cotton to restructure textile companies
January 23, 2016
Govt could expand to short-staple cotton to restructure textile companies
The government might expand the country’s cotton production to include the cultivation of short-staple cotton as part of a restructuring…
Iran’s oil minister says OPEC’s emergency meeting may hurt market
January 23, 2016
Iran’s oil minister says OPEC’s emergency meeting may hurt market
Iran's oil minister said on Friday any emergency meeting of the Organization of Petroleum Exporting Countries would hurt the crude…