Economy

Richard Thaler wins Nobel for work in behavioral economics

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

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

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

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

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

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

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

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

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

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…
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