Business

Egypt shuns Qatari offer to renew dollar deposits

Egypt shuns Qatari offer to renew dollar deposits

Egypt has turned down a Qatari offer through intermediaries to extend the grace period for paying back bonds worth US$1…
Mideast stocks: Saudi, Egypt edge higher in early trade

Mideast stocks: Saudi, Egypt edge higher in early trade

The Saudi Arabian and Egyptian stock markets rose in early trade on Sunday amid hopes that shares have largely factored…
Egypt arrears owed to oil firms rises to $3 billion at end-2015

Egypt arrears owed to oil firms rises to $3 billion at end-2015

Egypt's outstanding arrears to foreign oil companies rose to US$3 billion at the end of December 2015 from $2.7 billion…
Iran says boosting oil exports depends on future demand

Iran says boosting oil exports depends on future demand

A rise in Iran's crude oil exports once sanctions against it are lifted depends on future global oil demand and…
Egypt to apply new round of customs deductions on EU-imported cars

Egypt to apply new round of customs deductions on EU-imported cars

Egypt will apply a new phase of 10 per cent cuts on customs of vehicles imported from the European Union…
Europe in 2016: Terror fears, migration, politics, but economy may turn a corner

Europe in 2016: Terror fears, migration, politics, but economy may turn a corner

The European Union is bitterly divided and likely to remain so. Geopolitical tensions and terror threats aren't expected to abate.…
CNN: Oil prices fell 35%. What now?

CNN: Oil prices fell 35%. What now?

Crude prices dropped a whopping 35% last year and are hovering around $37 a barrel. That's a level not seen…
Airbus to sell three A380 superjumbo jets to Japan’s ANA Holdings – Nikkei

Airbus to sell three A380 superjumbo jets to Japan’s ANA Holdings – Nikkei

European planemaker Airbus (AIR.PA) has won a deal to sell three A380 superjumbo jets to Japan's biggest carrier ANA Holdings…
Investors look to January effect at start of 2016

Investors look to January effect at start of 2016

As Wall Street wraps up its flattest year since 2011, investors will have to deal with many of the same…
Egyptian pound steady at official auction and black market

Egyptian pound steady at official auction and black market

Egypt's central bank kept the pound steady at 7.7301 pounds to the dollar at its official foreign currency auction on…
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