Economy

Russian ruble bounces back after oil price rise

Russian ruble bounces back after oil price rise

Russia's battered ruble on Friday bounced back after a rise in crude prices, recovering ground a day after it slumped…
Saudi, Egypt retreat in early trade

Saudi, Egypt retreat in early trade

Stock markets in Saudi Arabia and Egypt retreated in early trade on Thursday as investors remained worried by the chronic…
Egyptian pound steady at forex sale, weaker on black market

Egyptian pound steady at forex sale, weaker on black market

Egypt's central bank kept the pound steady against the dollar at its official foreign currency auction on Thursday, but the…
Egypt’s stock market drops by 3 pct in first 5 minutes of trading

Egypt’s stock market drops by 3 pct in first 5 minutes of trading

Egypt's main stock index EGX 30 dropped by around 3 per to reach 5,912 points cent in the first five…
BP remains ambitious on gas in Egypt, despite weak oil prices

BP remains ambitious on gas in Egypt, despite weak oil prices

Britain's BP Plc (BP.L) aims to double natural gas production in Egypt in the next four years despite weak oil…
Mideast stocks: Saudi, Egypt tumble in early trade

Mideast stocks: Saudi, Egypt tumble in early trade

Stock markets in Saudi Arabia and Egypt tumbled in early trade on Wednesday as investors sold off aggressively across the…
Richest 62 people own same as half world’s population: Oxfam

Richest 62 people own same as half world’s population: Oxfam

The wealthiest 62 people now own as much as half the world's population, some 3.5 billion people, as the super-rich…
Egypt plans to sell shares in state-owned companies

Egypt plans to sell shares in state-owned companies

Egypt plans to list shares in state-owned bank and companies on the stock market, the presidency said on Tuesday, in…
Global stocks rise as slowing China growth boosts stimulus prospects

Global stocks rise as slowing China growth boosts stimulus prospects

Shares in Europe and Asia rose and the dollar gained after data showing China's economy grew last year at its…
Iran boosts oil output, foreign firms keen to seal deals

Iran boosts oil output, foreign firms keen to seal deals

Iran ordered a sharp increase in oil output on Monday to take immediate advantage of the lifting of international sanctions,…
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