Economy
Egypt investigator says French specialist vessel joining black box search
May 26, 2016
Egypt investigator says French specialist vessel joining black box search
Egypt's air accidents chief said on Thursday that a vessel provided by French company ALSEAMAR, which specializes in marine wreckage…
Brent oil breaks above $50 for first time in seven months
May 26, 2016
Brent oil breaks above $50 for first time in seven months
Brent oil futures climbed above $50 a barrel on Thursday for the first time in nearly seven months as a…
Swiss to facilitate seizure, repatriation of dictators’ funds
May 26, 2016
Swiss to facilitate seizure, repatriation of dictators’ funds
Switzerland will implement a new law in July to help seize and repatriate illicit wealth parked in its banks by…
Iran-Saudi row threatens any OPEC deal, puts role in question
May 25, 2016
Iran-Saudi row threatens any OPEC deal, puts role in question
OPEC's thorniest dilemma of the past year - at least from a purely oil standpoint - is about to disappear.Less…
CBE to reprint 1LE banknote to be introduced by Ramadan
May 25, 2016
CBE to reprint 1LE banknote to be introduced by Ramadan
The Central Bank of Egypt (CBE) is to print LE 500 million of one pound banknotes by the beginning of…
Cabinet reveals plans to tap into unused public sector assets
May 25, 2016
Cabinet reveals plans to tap into unused public sector assets
In an effort to tap into unused public sector assets, Prime Minister Sherif Ismail held a meeting Tuesday over plans to…
Eni has suffered no impact from Regeni case: CEO
May 24, 2016
Eni has suffered no impact from Regeni case: CEO
The operations of Italian oil and gas major Eni in Egypt have suffered no impact from the killing of Italian…
Oil falls after Iran dampens hopes for production freeze
May 23, 2016
Oil falls after Iran dampens hopes for production freeze
Brent oil prices fell for a fourth consecutive session on Monday after Iran insisted it would not freeze crude output,…
Egypt wins most famous tourist destination award in Shanghai
May 23, 2016
Egypt wins most famous tourist destination award in Shanghai
Egypt has won the award for "most famous tourist destination" at the 2016 World Travel Fair, which concluded on Sunday…
Rules for ‘too big to fail’ insurance firms coming soon: Federal Reserve official
May 20, 2016
Rules for ‘too big to fail’ insurance firms coming soon: Federal Reserve official
The Federal Reserve will soon take up rules covering prudential standards and liquidity for insurance companies deemed "too big to…