Economy

Richest 62 people own same as half world’s population: Oxfam

Richest 62 people own same as half world’s population: Oxfam

The wealthiest 62 people now own as much as half the world's population, some 3.5 billion people, as the super-rich…
Egypt plans to sell shares in state-owned companies

Egypt plans to sell shares in state-owned companies

Egypt plans to list shares in state-owned bank and companies on the stock market, the presidency said on Tuesday, in…
Global stocks rise as slowing China growth boosts stimulus prospects

Global stocks rise as slowing China growth boosts stimulus prospects

Shares in Europe and Asia rose and the dollar gained after data showing China's economy grew last year at its…
Iran boosts oil output, foreign firms keen to seal deals

Iran boosts oil output, foreign firms keen to seal deals

Iran ordered a sharp increase in oil output on Monday to take immediate advantage of the lifting of international sanctions,…
Egypt’s benchmark index rises by 3 pct during first half hour of trading

Egypt’s benchmark index rises by 3 pct during first half hour of trading

Egypt's stock market benchmark index EGX30 rose by 3 percent during the first half hour of Monday's session, to reach…
Oil slides to lowest since 2003 as Iran sanctions lifted

Oil slides to lowest since 2003 as Iran sanctions lifted

Oil prices hit their lowest since 2003 on Monday, as the market braced for a jump in Iranian exports after…
Egypt receives $1.6 bn loan from China in budget support: source

Egypt receives $1.6 bn loan from China in budget support: source

The Central Bank of Egypt will receive a US$1.5 billion loan from China during a visit by China’s President Xi…
Egyptian treasury bill yields fall marginally at Sunday’s auction

Egyptian treasury bill yields fall marginally at Sunday’s auction

Yields on Egypt's three and nine-month treasury bills fell slightly at Sunday's auction, data from the central bank showed. The average…
Egypt to hold international tender for 11 oil and gas blocks

Egypt to hold international tender for 11 oil and gas blocks

Egypt will hold an international tender for 11 oil and natural gas exploration blocks in the Mediterranean sea and Nile…
MIDEAST STOCKS: Saudi plunges more than 6%, Egypt slides

MIDEAST STOCKS: Saudi plunges more than 6%, Egypt slides

Saudi Arabia's stock market plunged more than 6 percent early on Sunday in response to a fresh tumble of oil…
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