Economy
Richard Thaler wins Nobel for work in behavioral economics
October 9, 2017
Richard Thaler wins Nobel for work in behavioral economics
The Nobel economics prize has been awarded to Richard Thaler of the University of Chicago for his contributions to behavioral…
China survey puts services growth at 21-month low, blurs picture of resilient economy
October 9, 2017
China survey puts services growth at 21-month low, blurs picture of resilient economy
Activity in China’s services sector grew at its slowest pace in 21 months in September as new orders cooled, a…
Saudi central bank paints rosy picture of economy
October 4, 2017
Saudi central bank paints rosy picture of economy
Officials of Saudi Arabia’s central bank, holding a rare news conference on Wednesday, painted a highly positive picture of the…
US dollar records stable prices in Tuesday dealings
October 3, 2017
US dollar records stable prices in Tuesday dealings
The US dollar exchange rate was stable against the Egyptian pound at the beginning of Tuesday morning trading. According…
Oil prices fall for second day on oversupply concerns
October 3, 2017
Oil prices fall for second day on oversupply concerns
Oil prices fell on Tuesday, declining for a second day and sapping more strength from a third-quarter rally, amid signs…
US casino stocks fall following mass shooting in Las Vegas
October 2, 2017
US casino stocks fall following mass shooting in Las Vegas
Shares of Las Vegas casino operators fell as much as 5 percent in premarket trading on Monday after a gunman…
Catalonia worries drive euro down against stronger dollar
October 2, 2017
Catalonia worries drive euro down against stronger dollar
The euro slipped against the dollar on Monday after a violence-marred independence vote in Spain’s Catalonia region and as higher…
Crisis widens over increasing prices for cell services
October 1, 2017
Crisis widens over increasing prices for cell services
Increases for mobile phone balance recharge cards, approved by the National Telecommunications Regulatory Authority (NTRA) Thursday, caused an uproar on Saturday…
Egypt’s foreign debt up 42 pct to $79 bln in 2016-17 -central bank
September 30, 2017
Egypt’s foreign debt up 42 pct to $79 bln in 2016-17 -central bank
Egypt’s foreign debt rose to $79 billion in the 2016-17 fiscal year which ended in June, up 42 percent from…
US to grant $100 million military aids to Egypt
September 27, 2017
US to grant $100 million military aids to Egypt
Egypt and the United States have signed new bilateral assistance agreements and amendments worth over US$100 million that support the…