Economy
In blow to UK, EU rejects leeway for financial traders from tax avoidance rules
December 6, 2016
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
December 6, 2016
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
December 6, 2016
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
December 5, 2016
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
December 5, 2016
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
December 5, 2016
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
December 4, 2016
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
December 4, 2016
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
December 3, 2016
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
December 3, 2016
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…