Economy

World stocks get the jitters as US presidential debate looms

World stocks get the jitters as US presidential debate looms

European and Asian shares retreated on Monday as investors waited to see how Donald Trump would fare in a U.S.…
Tourist visitor rates fall by 51.2% in 2016: CAPMAS

Tourist visitor rates fall by 51.2% in 2016: CAPMAS

The Central Agency for Public Mobilization and Statistics (CAPMAS) announced on Monday that the number of foreign tourists visiting Egypt…
Telecom Egypt considers acquiring additional 4G spectrum

Telecom Egypt considers acquiring additional 4G spectrum

Telecom Egypt, the state fixed-line monopoly, said on Monday it was considering acquiring additional spectrum, weeks after it bought a…
Oil prices rebound after Algeria says all options open at OPEC meeting

Oil prices rebound after Algeria says all options open at OPEC meeting

Crude prices rebounded on Monday after Algeria's energy minister said the day before that all options were possible for an…
Egypt petrol subsidy bill down 29% in 2015-2016

Egypt petrol subsidy bill down 29% in 2015-2016

Egypt's spending on petroleum subsidies dropped by 28.7 percent in the 2015-16 financial year to compared to one year earlier,…
Former employees file class action against Wells Fargo

Former employees file class action against Wells Fargo

Two former Wells Fargo & Co employees have filed a class action in California seeking $2.6 billion or more for…
European firms offer Britain scant support in divorce talks

European firms offer Britain scant support in divorce talks

More than 20 European business associations and companies interviewed by Reuters say they back their governments' position that Britain's banking…
EU wheat drifts lower despite India, Egypt demand hopes

EU wheat drifts lower despite India, Egypt demand hopes

European wheat futures edged lower on Friday, pressured by earlier weakness in Chicago as hefty global supplies continued to hang…
Oil slumps 4 percent as no output deal expected for OPEC

Oil slumps 4 percent as no output deal expected for OPEC

Oil prices tumbled 4 percent on Friday on signs Saudi Arabia and arch rival Iran were making little progress in…
Egypt’s GASC buys 240,000 tonnes of Russian wheat after amending terms

Egypt’s GASC buys 240,000 tonnes of Russian wheat after amending terms

Egypt's General Authority for Supply Commodities (GASC) bought 240,000 tonnes of Russian wheat on Thursday in a tender, its first…
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