Economy
Italy warns of disaster if Europe rejects its budget: paper
October 23, 2016
Italy warns of disaster if Europe rejects its budget: paper
Italy's economy minister said on Sunday the European Union must choose between allowing Rome to raise its deficit to cope…
Britain’s banks to reveal solid third-quarter results, warn of Brexit storm ahead
October 23, 2016
Britain’s banks to reveal solid third-quarter results, warn of Brexit storm ahead
Britain's major banks are set to report stronger-than-expected results this week, confounding expectations that political and economic upheaval caused by…
Egypt’s GASC buys 120,000 tonnes Russian wheat
October 21, 2016
Egypt’s GASC buys 120,000 tonnes Russian wheat
Egypt's state grain buyer GASC said on Thursday it bought 120,000 tonnes of Russian wheat in a tender.The wheat was…
Dollar hits seven-month high, stocks set for weekly rise
October 21, 2016
Dollar hits seven-month high, stocks set for weekly rise
Global stocks were set for their first weekly gain in four weeks on Friday and the dollar rose to its…
Egypt forms committee to set profit margins for sale of basic goods
October 20, 2016
Egypt forms committee to set profit margins for sale of basic goods
Egypt's government has formed a cabinet-level committee that will determine how much profit can be made from the sale of…
Saudi equity investors cheer mega bond debut, SEC jumps on Q3 profit
October 20, 2016
Saudi equity investors cheer mega bond debut, SEC jumps on Q3 profit
Saudi Arabia's stock market rose in early trade on Thursday as the banking sector rallied following the kingdom's mammoth international…
Egypt’s Juhayna says dollar crisis behind decline in Q3 profits
October 20, 2016
Egypt’s Juhayna says dollar crisis behind decline in Q3 profits
Juhayna Food Industries SAE's third-quarter net profit fell 34 percent due to dollar shortages and the Egyptian company's decision not…
Saudi has little room to slow austerity drive, IMF says
October 19, 2016
Saudi has little room to slow austerity drive, IMF says
The International Monetary Fund feels the pace of Saudi Arabia's austerity drive is broadly appropriate and there is little room…
Egypt ranks 108 out of 185 countries for road accidents: report
October 18, 2016
Egypt ranks 108 out of 185 countries for road accidents: report
Egypt ranks 108 of 185 countries for the number of road accidents each year, according to data published in an…
Egypt exports to Nile Basin countries up by 14.8%: CAPMAS
October 18, 2016
Egypt exports to Nile Basin countries up by 14.8%: CAPMAS
Egypt's exports to the Nile Basin countries in 2015 rose by 14.8 percent compared to 2014, according to the Central…