Economy
New petroleum excavations to be declared end of April: Minister
April 19, 2016
New petroleum excavations to be declared end of April: Minister
Eleven new petroleum excavations in the western desert and Suez will be revealed by the end of April, according to…
Egypt to launch new oil exploration round next week
April 19, 2016
Egypt to launch new oil exploration round next week
Egypt plans to launch a new oil exploration round next week, offering 11 blocks in the Western desert and the…
Oil rises as Kuwaiti oil workers strike cuts output for third day
April 19, 2016
Oil rises as Kuwaiti oil workers strike cuts output for third day
Oil prices rose on Tuesday as an oil workers strike in Kuwait nearly halved crude production from the OPEC member,…
Countries, Egypt, look to draw expatriate cash with “diaspora bonds”
April 18, 2016
Countries, Egypt, look to draw expatriate cash with “diaspora bonds”
A growing roster of developing states are turning to their compatriots abroad to raise cash by marketing "diaspora bonds", a…
Botched Doha deal undermines OPEC credibility, oil prices tumble
April 18, 2016
Botched Doha deal undermines OPEC credibility, oil prices tumble
Oil prices tumbled on Monday after a meeting by major exporters in Qatar collapsed without an agreement to freeze output,…
Lenders eye start of Greek debt relief talks at IMF meetings in mid-April
April 18, 2016
Lenders eye start of Greek debt relief talks at IMF meetings in mid-April
Euro zone finance ministers are likely to start discussing debt relief for Greece on the sidelines of the IMF's spring…
Oil freeze deal faces trouble as Saudi-Iran tensions spike
April 17, 2016
Oil freeze deal faces trouble as Saudi-Iran tensions spike
A spike in tensions between arch-rivals Saudi Arabia and Iran appeared on Sunday to ruin prospects of the first binding…
Saudi Arabia could sell off billions in American assets if bill passes: NYT
April 17, 2016
Saudi Arabia could sell off billions in American assets if bill passes: NYT
The Saudi Arabian government has threatened to sell of hundreds of billions of dollars' worth of American assets should the…
Egypt delays international bond issuance, is not in talks with IMF
April 17, 2016
Egypt delays international bond issuance, is not in talks with IMF
Egypt will delay an international bond issuance until at least the first half of fiscal year 2016/17 and has not…
Commodity slump pushes Africa back into IMF’s embrace
April 16, 2016
Commodity slump pushes Africa back into IMF’s embrace
Falling commodity prices have pushed several African countries back into the embrace of the International Monetary Fund, which has an…