Oil surges on Saudi Arabia, Iran tensions
Oil prices surged during the start of 2016 trading as relations between top crude producers Saudi Arabia and Iran…
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Egypt to offer 47 consumer complexes as part of commercial chains project
The Egyptian government will offer investors 47 consumer complexes soon, as part of its efforts to implement a…
Oil prices could hit low point in first quarter: BP
The slump in global oil prices could hit bottom in early 2016 although prices are likely to remain low for the next…
U.S. grain prices soar as floods shut waterways, threaten crops
U.S. grain farmers scrambled to find shelter for their crops and handlers hunted for alternative transportation…
Dollar steadies, commodity currencies lose steam as crude rebound fizzles
The dollar held steady against a basket of currencies on Wednesday following a rise in U.S. debt yields, while the…
Oil prices remain weak as slowing demand adds to high output
Crude oil prices remained under pressure on Tuesday as fears of slowing demand added to worries over near-record…
Saudi Arabia set to announce 2016 budget amid oil plunge
Saudi Arabia, seeking to cope with the lowest oil prices in more than a decade, may announce cuts in capital…
Asia stocks dip, Japan bucks trend on oil bounce, dollar wobbles
Asian stocks dipped on Monday amid a lack of immediate directional cues in light year-end trade, although Japanese…
Beans, Koshary save Egyptians from rising prices in 2015
Although the prices of many food items went up this year, macaroni, rice, beans and lentils seem to have been the…
Asian shares hit 2-1/2-week highs, crude rebounds
An index of Asian shares climbed to 2-1/2-week highs on Thursday, heartened by gains on Wall Street and a recovery…