business

First team of mounted archers takes aim in Gaza
Middle East

First team of mounted archers takes aim in Gaza

Hoofs pounded the ground and kicked up dust clouds as one by one a small group of young mounted archers…
Saudi oil firm Aramco’s first-quarter profits up by 30%
Middle East

Saudi oil firm Aramco’s first-quarter profits up by 30%

DUBAI, United Arab Emirates (AP) — Saudi Aramco’s profits soared by 30 percent for the first-quarter of the year, compared…
EU charges Apple with breach of competition law
World

EU charges Apple with breach of competition law

EU antitrust regulators on Friday charged Apple with illegally distorting competition in the music-streaming market through restrictive App Store rules. It is…
US fines German software company SAP $8M over Iran sanctions
Middle East

US fines German software company SAP $8M over Iran sanctions

US prosecutors said Thursday that German software giant SAP will pay more than $8 million in penalties in acknowledging that…
London Heathrow Airport’s COVID losses balloon to $3.4 bn
World

London Heathrow Airport’s COVID losses balloon to $3.4 bn

Heathrow, Britain’s biggest airport, said on Thursday a first quarter loss of 329 million pounds ($459 million) took total losses…
Hermes: Resumption of all Egypt-Russia flights will return US$3.5 billion in tourism revenue to Egypt
Business

Hermes: Resumption of all Egypt-Russia flights will return US$3.5 billion in tourism revenue to Egypt

Mohamed Abu-Basha, deputy head of the research sector at EFG Hermes, praised the decision to resume flights between Egypt and…
US dollar to Egyptian pound exchange rate for Monday
Business

US dollar to Egyptian pound exchange rate for Monday

The US dollar to Egyptian pound exchange rate on Monday recorded a low of LE15.61 for purchase and LE15.71 for…
Qatar Petroleum plans debut dollar public bond sale – sources
Middle East

Qatar Petroleum plans debut dollar public bond sale – sources

Qatar Petroleum (QP) is planning its first ever US dollar-denominated public international bond sale, two sources said, the latest Gulf…
Miners seek gold under the desert sands after Egypt changes rules
Egypt

Miners seek gold under the desert sands after Egypt changes rules

Mining companies awarded blocks in Egypt’s Eastern Desert are set to start exploring for gold under a legislative overhaul that…
Turkish cryptocurrency platform founder vanishes, fraud suspected
Middle East

Turkish cryptocurrency platform founder vanishes, fraud suspected

Prosecutors in Istanbul on Thursday launched a probe into Turkish cryptocurrency exchange platform Thodex after its founder shut down its site and…
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