Economy

Egypt investigator says French specialist vessel joining black box search

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

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

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

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

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

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

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

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

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

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…
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