Economy
Egypt’s exchange bureaus investigated for hoarding dollars
April 4, 2016
Egypt’s exchange bureaus investigated for hoarding dollars
Egypt's General Prosecution is investigating around 15 exchange bureaus after the central bank reported them for hoarding dollars and contributing…
MIDEAST STOCKS: Saudi falls after oil retreats, Egypt edges up
April 3, 2016
MIDEAST STOCKS: Saudi falls after oil retreats, Egypt edges up
Investors in Saudi Arabia sold stocks in early trade on Sunday after oil prices retreated at the end of last…
Death by overwork on rise among Japan’s vulnerable workers
April 3, 2016
Death by overwork on rise among Japan’s vulnerable workers
Japan is witnessing a record number of compensation claims related to death from overwork, or "karoshi", a phenomenon previously associated…
Return of Algerian ex-oil boss hints at revival of reforms
April 3, 2016
Return of Algerian ex-oil boss hints at revival of reforms
When ex-oil minister Chakib Khelil left Algeria in 2013 caught up in a corruption scandal, his fall from grace was…
SunEdison preparing to file for bankruptcy protection: WSJ
April 2, 2016
SunEdison preparing to file for bankruptcy protection: WSJ
Struggling solar developer SunEdison Inc (SUNE.N) is planning to file for bankruptcy protection in the coming weeks, The Wall Street…
Egypt mulling shipping line for exports to Russia: minister
April 1, 2016
Egypt mulling shipping line for exports to Russia: minister
Egypt is mulling the creation of a shipping line linking the country with Russian ports, helping to improve trade between…
Egypt to ban rice exports from April 4 amid shortages
April 1, 2016
Egypt to ban rice exports from April 4 amid shortages
Egypt will ban rice exports from April 4 in order to preserve stocks for the local market and to combat…
Egypt ranks 18th among world’s labor exporters: economist
March 31, 2016
Egypt ranks 18th among world’s labor exporters: economist
Egypt is the world’s 18th largest exporter of workers, according to an economics expert, with 3.4 million Egyptian workers representing…
Telecom Egypt says Vodafone Egypt to release at least US$381 mln in deferred dividends
March 31, 2016
Telecom Egypt says Vodafone Egypt to release at least US$381 mln in deferred dividends
Telecom Egypt, the state-owned landline monopoly, said it had struck a deal with Vodafone Egypt under which the mobile operator…
Cabinet approves 2016-17 draft budget targeting 5-6% GDP growth
March 31, 2016
Cabinet approves 2016-17 draft budget targeting 5-6% GDP growth
Egypt's government approved on Wednesday a draft state budget for 2016-17, targeting economic growth of 5-6 percent versus 4.4 percent…