Oil falls on doubts over extending output cuts, surprise rise in US crude stocks
Oil prices fell on Wednesday on doubts OPEC and Russia will agree on extending a crude production cut that the…
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Egypt’s textile exports rise 3% in ten months
Exports by Egypt’s Textile Export Council (TEC) between January and October stood at $673 million, a 3 percent rise…
Russian billionaire’s bank bets on Egypt as Mideast risk rises
Renaissance Capital, the investment bank owned by Russian billionaire Mikhail Prokhorov, is taking a long-term bet…
Egypt’s Sinai Cement board approves capital rise to 1.3 bln pounds
Egyptian Sinai Cement Company’s board has approved Monday to increase the company’s issued capital to one billion…
US crude posts 5.1% weekly gain, settling at $49.89, for best performance in 7 weeks
Oil prices posted their highest weekly rise since the end of July on higher demand forecasts and the restart of…
Ride-hailing app Uber increases fare in Egypt after fuel price hike
The San Francisco-based cab-hailing company- Uber increased their fare prices in Egypt early to meet the new rise…
Qatar shows mettle, offers compromise as Gulf states prepare meeting
Qatar announced plans for a steep rise in Liquified Natural Gas (LNG) production capacity on Tuesday that…
Oil prices fall on OPEC supply rise, but political risk supports
Oil dipped on Wednesday, pulled down by another rise in OPEC supplies despite a pledge to cut production, but…
Egyptian Arab Land Bank total assets rise to 3.6 billion pounds
Egyptian Arab Land Bank (EALB) recorded total assets of about 3.6 billion Egyptian pounds at the end of April 2017…
Exports of ready-made clothes to hike 10% in 2017: Egypt’s council
Egyptian Ready-made Garments Export Council (RMGEC) plans to raise sector's exports by ten percent to hit US$1.4…
