Flood death toll rises to 26: Egypt’s health ministry
The death toll from torrential rain and flooding in Egypt has risen to 26 people, state news agency MENA reported…
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Cairo Chamber says state’s importing bill to drop by $8bn end-2016
Egypt's bill of importing commodities is expected to drop by US$8 billion by the end of 2016 due to the ongoing…
Oil prices fall on surging Iran sales, but looming OPEC deal offers support
Oil prices fell on Tuesday on a rise in Iranian exports which add to a global supply overhang, although a planned…
Moody’s: Egypt’s deficit expected to rise to 12% despite new VAT
After the Egyptian parliament passed the value added tax bill, Moody's forecasted that Egypt's budget deficit will…
Dollar hits three-week high vs yen as rate rise signals get louder
The dollar rose to a three-week high against the yen on Monday after senior Federal Reserve officials bolstered…
Paper products exports hike 25%, hit $214mn in six months- Egypt’s Council
Egyptian paper products sector witnessed a leap during the first half of 2016 as its exports grew by 25 percent.…
Update: Turkey wedding bombing death toll rise to at least 50
At least 50 people were killed on Saturday when a suspected suicide bomber detonated his explosives among people…
Asia stocks jump, dollar trips as risk appetite returns
Asian shares are on track for their biggest single-day rise in nearly two weeks while the greenback retreated after…
Gaining confidence, Fed officials eye interest rate hike this year
The Federal Reserve is raising expectations for an interest rate rise this year, even as early as next month, after…
U.S. inflation tame despite economy gaining momentum
U.S. consumer prices were unchanged in July but a rise in industrial output and home building suggested a pickup in…