Economy

In blow to UK, EU rejects leeway for financial traders from tax avoidance rules

In blow to UK, EU rejects leeway for financial traders from tax avoidance rules

Most European Union finance ministers on Tuesday rejected a British-backed plan to exempt financial traders from new rules aimed at…
Oil dips as OPEC, Russian output rises ahead of production cut

Oil dips as OPEC, Russian output rises ahead of production cut

Global oil prices slipped on Tuesday as crude output rose in most major export regions despite plans by OPEC and…
Russia’s Rosneft board to discuss buying stake in Shorouk concession in Egypt

Russia’s Rosneft board to discuss buying stake in Shorouk concession in Egypt

The board of Russia's Rosneft plans to discuss buying a stake of up to 35 percent in the Shorouk concession,…
Egypt’s non-oil business activity falls to 40-month low as costs rise: PMI

Egypt’s non-oil business activity falls to 40-month low as costs rise: PMI

Business activity in Egypt shrank in November, with the deterioration picking up pace for the fourth consecutive month, as weakness…
Egyptian billionaire Sawiris in surprise exit as Orascom CEO

Egyptian billionaire Sawiris in surprise exit as Orascom CEO

Egyptian billionaire Naguib Sawiris has resigned as chief executive officer of Orascom and his deputy Tamer El Mahdi has been…
Egypt’s long-awaited investment law to go before cabinet shortly

Egypt’s long-awaited investment law to go before cabinet shortly

A draft of a long-awaited Egyptian investment law aimed at reviving the country's economy and attracting foreign investors will be…
Egypt signs three cooperation agreements with Kuwait

Egypt signs three cooperation agreements with Kuwait

International Cooperation Minister Sahar Nasr signed on Sunday three agreements of cooperation with Abdel Wahab Badr, general director of the…
No price like home: Big spenders reappear in China

No price like home: Big spenders reappear in China

China's wealthiest shoppers are spending at home again, roused from a three-year slumber by a weaker yuan, lower prices and…
Deutsche Bank to pay $60 million to settle U.S. gold price-fixing case

Deutsche Bank to pay $60 million to settle U.S. gold price-fixing case

Deutsche Bank AG has agreed to pay $60 million to settle private U.S. antitrust litigation by traders and other investors…
OPEC to meet non-OPEC producers on December 10 in Vienna: sources

OPEC to meet non-OPEC producers on December 10 in Vienna: sources

OPEC will meet non-OPEC countries to finalize a global oil limiting pact on December 10 in Vienna, two sources told…
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