Asian shares hit two-month high after solid U.S. job growth
Asian shares hit two-month highs on Monday, extending sharp gains from last week, following upbeat U.S. jobs data,…
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Oil
Al Baraka Bank says allocates $127.7 million for Egyptian national projects
Al Baraka Bank Egypt, part of Bahrain’s Al Baraka Group, is allocating this year around one billion Egyptian pounds…
Moody’s places Arab Gulf states on review for downgrade
Moody's has lowered the credit ratings of Oman and Bahrain and placed the remaining Gulf oil exporters on review…
Oil prices edge up as confidence rises that market has bottomed
Oil prices edged higher on Thursday as sentiment spread that a 20-month-long market rout is coming to an end as…
Egypt aims to be self-sufficient in fuel by 2020: official
Egypt aims to be self-sufficient in fuel by 2020 in hope of exporting to other countries, said an official from the…
Brent edges higher, but U.S. oil down on stock build
Brent edged up on Wednesday following strong gains in Asian stocks, while U.S. oil eased on industry data that…
Asia stocks rise as risk appetite returns; data boost
Asian shares rallied to two-month highs on Wednesday as overnight gains in oil prices and a batch of positive…
S&P 500 slides below closely watched threshold
Wall Street ended lower on Monday, falling out of lockstep with oil prices as energy and healthcare shares lost…
Oil rises as lower output tightens market, outweighs weak China data
Oil prices rose over 1 percent on Tuesday, shrugging off a slump in China's manufacturing sector that stirred fears…
Malaysia’s investments in Egypt hit $5 billion
Malaysian investments in Egypt are estimated at $5 billion, primarily in gas, oil, and electricity sectors, said…