Economy

MIDEAST STOCKS: Saudi Arabia surges, boosted by stronger oil

MIDEAST STOCKS: Saudi Arabia surges, boosted by stronger oil

Saudi Arabia's stock market continued its sharp rebound in early trade on Sunday as stronger oil prices lifted shares in…
Public business sector on verge of collapse: Reports

Public business sector on verge of collapse: Reports

Major companies from the public business sector are on the verge of collapse due to increased losses and the deterioration…
Chinese tourists unfazed by currency fall, market turmoil

Chinese tourists unfazed by currency fall, market turmoil

China's currency devaluation and slowing economy have caused enormous turmoil in world financial markets, but they have not really bothered…
Global LNG-Price slide deepens on burgeoning supply, European exports competitive

Global LNG-Price slide deepens on burgeoning supply, European exports competitive

Asian liquefied natural gas (LNG) prices for October delivery fell this week as new cargoes offered by Indonesia and Australia…
Egypt’s market loses LE6.4 bn in week, EGX30 index down 1.3%

Egypt’s market loses LE6.4 bn in week, EGX30 index down 1.3%

Egypt's stock market has witnessed loses of LE6.4 billion (US$818 million) this week, as all indexes dropped, Egyptian Exchange data…
Egypt’s market gains LE12.8 million on Thursday, EGX30 climbs 3 %

Egypt’s market gains LE12.8 million on Thursday, EGX30 climbs 3 %

Egypt's market boosted by the improved global equities backdrop on Thursday's session, as the benchmark EGX30 index climbed 2.99 percent,…
Egyptian pound steady at official auction, weaker at exchange bureaus

Egyptian pound steady at official auction, weaker at exchange bureaus

Egypt's central bank kept the pound steady at 7.73 per dollar at a foreign exchange auction on Thursday, and the…
Egypt extends high-moisture wheat exemption for one year

Egypt extends high-moisture wheat exemption for one year

Egypt will accept higher moisture levels in government tenders to buy wheat for one year after an initial exemption expires…
Egypt bans rice exports as of Sept. 1

Egypt bans rice exports as of Sept. 1

Egypt will ban rice exports again as of Sept. 1. to satisfy domestic consumption, the ministry of trade and industry…
Surprised by global impact of yuan move, China looks to calm markets

Surprised by global impact of yuan move, China looks to calm markets

China has been so surprised by the global reaction to its currency devaluation that it is likely to keep the…
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