Industry & Trade Egypt reconsiders grain mega project: U.S. Blumberg Yomna Yasser Aug 14, 2016 0 Blumberg Grain said its mega project to store Egyptian grains was back in play, with the Egyptian government to…
Arab Petrochemical shares support Saudi bourse, Dubai’s gain limited Yomna Yasser Aug 14, 2016 0 A bounce in oil prices at the end of last week helped lift Sunday stock markets in the Gulf but second-quarter…
Tech news Alibaba stock surges after analysts ‘strong buy’ call Ghada Ismail Aug 13, 2016 0 Shares of Alibaba Group Holding Ltd. shot up to a 1 1/2-year high in active trade Friday, after the China-based…
Industry & Trade Weak U.S. retail sales, inflation data dim prospect of Fed rate hike Noha Gad Aug 13, 2016 0 U.S. retail sales were unexpectedly flat in July as Americans cut back on discretionary spending, pointing to a…
Tech news Canada’s telcos raise cheap money in internet bet, Fed hikes loom Ghada Ismail Aug 13, 2016 0 Canadian telecom companies are rushing to secure cheap money to fund acquisitions and big infrastructure projects…
Sports Nike’s stock falls behind rivals amid Rio Olympics Ghada Ismail Aug 13, 2016 0 Nike has top billing among sports brands at the Rio Olympics, but a week into the Games, its stock is losing to…
World Nikkei takes cue from Wall Street records, logs weekly gain Noha Gad Aug 13, 2016 0 Japan's Nikkei share average rose on Friday to log a robust weekly gain, as records levels hit on Wall Street and a…
International News IEA cuts oil demand forecast weighed by economic uncertainty Yomna Yasser Aug 11, 2016 0 The world will consume less oil next year than previously thought as a climate of economic insecurity continues,…
World FTSE 100 loses ground as home builder shares tumble, oil prices fall Yomna Yasser Aug 11, 2016 0 U.K. stocks tumbled on Thursday, as a pullback in commodity and housing shares put the blue-chip benchmark on track…
forex news Oil prices dip on U.S. crude inventory build, record Saudi output Noha Gad Aug 11, 2016 0 Oil prices fell on Thursday as a build in U.S. crude inventories and record Saudi Arabian production reinforced…