Business Egypt

  • *Dubai rises in healthy volume. *Abu Dhabi bolstered by strong gains in FGB, NBAD. DUBAI, Dec 7- Stock markets in the United Arab Emirates outperformed the region on Wednesday while investors booked profits in Saudi Arabian petrochemical shares and Egyptian blue chips.

  • *Abu Dhabi swings higher in volatile session. DUBAI, Dec 6- The petrochemical sector helped carry Saudi Arabia's stock market to a fresh one-year closing high on Tuesday after crude oil prices hit a 17- month peak, while Egypt's market followed global shares upwards. The petrochemical sector stayed strong; it has been contributing to the market's positive...

  • LONDON, Dec 6- The head of Europe's police agency said it would "look again" at the largest migrant shipwreck in the Mediterranean this year after an investigation by Reuters and BBC Newsnight exposed a gap in the response by law enforcement. The survivors, who eventually reached Greece on April 16, said that the smugglers abandoned the scene, leaving up to 100...

  • LONDON, Dec 6- The head of Europe's police agency said it would "look again" at the largest migrant shipwreck in the Mediterranean this year after an investigation by Reuters and BBC Newsnight exposed a gap in the response by law enforcement. The survivors, who eventually reached Greece on April 16, said that the smugglers abandoned the scene, leaving up to 100...

  • LONDON, Dec 6- The head of Europe's police agency said it would "look again" at the largest migrant shipwreck in the Mediterranean this year after an investigation by Reuters and BBC Newsnight exposed a gap in the response by law enforcement. The survivors, who eventually reached Greece on April 16, said that the smugglers abandoned the scene, leaving up to 100...

  • Protests at the agency's Cairo headquarters- including one man setting himself on fire- have been led by Oromos, the single biggest ethnic group in Ethiopia. The Oromos claim the UN agency has been hostile to their allegations of discrimination, persecution and even torture by the government of Ethiopia. Nevertheless, an increasing number of Oromos in Cairo...

  • *Dubai dragged lower by blue chips. *Egypt's OTMT dumped on CEO departure, North Korea setback. DUBAI, Dec 5- Most stock markets in the Gulf fell on Monday as the mood on global exchanged darkened because of the' No' vote in Italy's referendum on constitutional reform, while Egypt's most heavily traded stock sank on news its chief executive would step down.

  • KHARTOUM, Dec 2- Mohamed Yassin's minimarket occupies a prime spot in Khartoum but its shelves are largely empty as a plummeting currency and slew of subsidy cuts pushes prices up and customers away. Inflation approaching 20 percent and government austerity have fuelled growing discontent and rare protests in Sudan in recent weeks. At the same time, Sudan has...

  • KHARTOUM, Dec 2- Mohamed Yassin's minimarket occupies a prime spot in Khartoum but its shelves are largely empty as a plummeting currency and slew of subsidy cuts pushes prices up and customers away. Inflation approaching 20 percent and government austerity have fuelled growing discontent and rare protests in Sudan in recent weeks. At the same time, Sudan has...

  • KHARTOUM, Dec 2- Mohamed Yassin's minimarket occupies a prime spot in Khartoum but its shelves are largely empty as a plummeting currency and slew of subsidy cuts pushes prices up and customers away. Inflation approaching 20 percent and government austerity have fueled growing discontent and rare protests in Sudan in recent weeks. At the same time, Sudan has...

  • KHARTOUM, Dec 2- Mohamed Yassin's minimarket occupies a prime spot in Khartoum but its shelves are largely empty as a plummeting currency and slew of subsidy cuts pushes prices up and customers away. Inflation approaching 20 percent and government austerity have fueled growing discontent and rare protests in Sudan in recent weeks. At the same time, Sudan has...

  • KHARTOUM, Dec 2- Mohamed Yassin's minimarket occupies a prime spot in Khartoum but its shelves are largely empty as a plummeting currency and slew of subsidy cuts pushes prices up and customers away. Inflation approaching 20 percent and government austerity have fuelled growing discontent and rare protests in Sudan in recent weeks. At the same time, Sudan has...

  • KHARTOUM, Dec 2- Mohamed Yassin's minimarket occupies a prime spot in Khartoum but its shelves are largely empty as a plummeting currency and slew of subsidy cuts pushes prices up and customers away. Inflation approaching 20 percent and government austerity have fuelled growing discontent and rare protests in Sudan in recent weeks. At the same time, Sudan has...

  • KHARTOUM, Dec 2- Mohamed Yassin's minimarket occupies a prime spot in Khartoum but its shelves are largely empty as a plummeting currency and slew of subsidy cuts pushes prices up and customers away. Inflation approaching 20 percent and government austerity have fueled growing discontent and rare protests in Sudan in recent weeks. At the same time, Sudan has...

  • KHARTOUM, Dec 2- Mohamed Yassin's minimarket occupies a prime spot in Khartoum but its shelves are largely empty as a plummeting currency and slew of subsidy cuts pushes prices up and customers away. Inflation approaching 20 percent and government austerity have fueled growing discontent and rare protests in Sudan in recent weeks. At the same time, Sudan has...

  • CAIRO, Nov 30- Egypt's central bank has told banks they may allocate dollars to a wider range of clients, according to bankers, potentially making hard currency available to foreign companies seeking to repatriate earnings after months of delays. Egypt's central bank abandoned its currency peg of 8.8 pounds to the U.S. dollar on Nov. 3 in a move aimed at unlocking...

  • CHICAGO, Nov 29- U.S. soybean futures fell 1.2 percent on Tuesday, pulling back from a 4-1/ 2 month high on a round of profit-taking, as well as pressure from falling crude oil prices. Multiple Chicago Board of Trade soft red winter wheat futures contracts hit new lows during Tuesday's session. "There is some macro pressure here in the soy complex," said Terry Linn, with...

  • CHICAGO, Nov 29- U.S. soybean futures fell 1.1 percent on Tuesday, setting back from a 4-1/ 2 month high on a round of profit taking as well as pressure from falling crude oil prices. "There is some macro pressure here in the soy complex," said Terry Linn with Chicago brokerage Linn& Associates. At 10:42 a.m. CST, CBOT January soybean futures were down 11-3/ 4 cents at...

  • SINGAPORE, Nov 28- Egypt will import around 60 cargoes of liquefied natural gas next year and Glencore will be the biggest supplier, trading sources with knowledge of the results of Egypt's mega tender for 2017 and 2018 said on Monday. Glencore bagged the right to supply around 25 liquefied natural gas cargoes to Egypt, while second-placed Trafigura is...

  • *Army said to be unhappy with new currency. HARARE, Nov 25- In Zimbabwe, where worthless $100 trillion notes serve as reminders of the perils of hyperinflation, President Robert Mugabe is printing a new currency that jeopardizes not just the economy but his own long grip on power. According to the Reserve Bank of Zimbabwe, the bond notes will be officially...