Business
Egypt shuns Qatari offer to renew dollar deposits
January 4, 2016
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
January 3, 2016
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
January 3, 2016
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
January 3, 2016
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
January 2, 2016
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
January 2, 2016
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?
January 2, 2016
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
January 2, 2016
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
January 1, 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
January 1, 2016
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…