forex news Oil falls as profit-taking kicks in ahead of stocks data Yomna Yasser Jan 27, 2016 0 Crude oil futures dropped Wednesday, heading back towards $30 a barrel as profit-taking wiped out a chunk of the…
World China rout, oil gloom deepen losses in Asian shares Noha Gad Jan 26, 2016 0 A plunge in Chinese share markets capped a miserable day for Asian equities on Tuesday, with a renewed slide in oil…
World China shares tumble to 14-month lows as oil slips back Noha Gad Jan 26, 2016 0 Chinese shares plunged more than 6 percent to 14-month lows on Tuesday after oil prices dropped again, reviving…
International News Russian GDP fell 3.7% in 2015: State statistics agency aya salah Jan 25, 2016 0 Russia's gross domestic product (GDP) fell 3.7 percent in 2015 as the country's energy-dependent economy reeled…
Egypt News Egypt says to get $20 billion of oil products from Saudi Arabia Yomna Yasser Jan 25, 2016 0 Egypt will get around US$20 billion in oil products from Saudi Arabia over five years, a government official…
International News Proposed OPEC emergency meeting may hurt market: Iran oil minister Noha Gad Jan 24, 2016 0 Iran's oil minister said on Friday any emergency meeting of the Organization of Petroleum Exporting Countries would…
Egypt News Saudi Fund endorses $119 mln to upgrade Egypt’s historical Kasr El-Aini hospital Yomna Yasser Jan 21, 2016 0 Saudi Fund for Development has agreed to lend Egypt LE930 million (approx. $119 million) as a contribution from…
World FTSE 100 sinks nearly 3% as oil slide deepens Yomna Yasser Jan 20, 2016 0 U.K. stocks were sinking Wednesday in line with the continuing rout in oil drove losses across the board. The FTSE…
International News IEA expects oil market to remain oversupplied until late 2016 aya salah Jan 19, 2016 0 Unseasonably warm weather and rising supply will keep the crude oil market oversupplied until at least late 2016,…
World Asian stocks drop to 2011 levels as oil slump intensifies Yomna Yasser Jan 18, 2016 0 Asian stocks slid Monday to their lowest levels since 2011 after weak U.S. economic data and a massive fall in oil…