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  • BP CEO: 'Painful time for oil industry' Sunday, 15 Mar 2015 | 7:45 PM ET
    BP CEO: 'Painful time for oil industry'

    Bob Dudley, CEO of BP, says the plunge in oil prices is a "huge shock" and will mean a "very painful" period for the oil and gas industry ahead.

  • *Some politicians see Sweden as a "great moral power". STOCKHOLM, March 15- In a few months, Sweden's minority government has managed to antagonise both Israel and the Arab world, while also angering business leaders at home as Foreign Minister Margot Wallstrom steadfastly pursues human rights and feminism. After Sweden cancelled a defence cooperation accord...

  • SHARM EL-SHEIKH, March 14- One of Egypt's leading businessmen said on Saturday the country needs to fire inefficient civil servants to attract investment and strengthen the economy. Foreign investors have criticised bureaucracy and a bloated civil service of about seven million in Egypt, the most populous Arab country. "Changing the mindset of all the...

  • *Gulf has biggest contingent at Egypt investment summit. DOHA/ ABU DHABI/ KHOBAR, Saudi Arabia, March 12- G ulf Arab governments are encouraging- and in some cases pressuring- hundreds of companies to attend an international investment summit in Egypt this week, in a move that may help the firms become top players in a rebounding Egyptian economy.

  • Global gasoline-price subsidies evaporate Monday, 23 Feb 2015 | 9:16 AM ET
    Motorists line up at a gas station in Bali, Indonesia.

    The crash in crude prices has some governments taking a hard look at costly subsidies that have kept gas pump prices artificially low.

  • Fear grows in Europe as ISIS comes to Libya Friday, 20 Feb 2015 | 2:09 PM ET
    Members of the Libyan Police are seen on their vehicles as they prepare for deployment during the start of a security plan put forth by the government to increase security, Feb. 9, 2015, in Tripoli.

    ISIS operations in Libya are making headlines and inciting pronouncements from European officials, but the size of its reach is unclear.

  • DIARY-Emerging Markets Economic Events to March 4 Wednesday, 18 Feb 2015 | 7:02 PM ET

    ROME- OECD Secretary General Angel Gurria will present the Economic Survey of Italy at a news conference with Economy Minister and Finance Minister Pier Carlo Padoan. SINGAPORE- Singapore Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam will deliver the 2015 Budget statement in the Parliament- 0500 GMT. JERUSALEM- Bank of Israel announces...

  • DUBAI, Feb 18- Egypt's return to the international debt market after a five-year gap is set to attract heavy demand- so heavy that the new bonds risk pricing at precariously high levels. The government plans to issue a $1.5 billion Eurobond in April and to return regularly to international capital markets in coming years, Hanan Salem, first deputy minister at the...

  • *Egypt bombs Islamic State targets in Libya. LONDON/ NEW YORK, Feb 16- Oil prices were little changed on Monday after touching their highest nearly two months, as gains in the dollar following the collapse of Greek debt talks offset growing violence in Libya and concerns over exports from Kurdistan. Egypt bombed Islamic State targets inside Libya on Monday and...

  • *Egypt bombs Islamic State targets in Libya. LONDON/ NEW YORK, Feb 16- Oil prices rose to their highest in nearly two months on Monday, supported by concerns over escalating conflict with Islamic State militants in Libya and a threat to withhold exports from Iraq's semi-autonomous Kurdish region. Egypt bombed Islamic State targets inside Libya on Monday and...

  • *Egypt bombs Islamic State targets in Libya. LONDON, Feb 16- Oil rose to near $62 a barrel on Monday, supported by concerns over escalating conflict with Islamic State militants in Libya and predictions of lower supply in the second half of the year. Egypt bombed Islamic State targets inside Libya on Monday and Cairo renewed calls for a U.S.-led coalition to...

  • *Egypt bombs Islamic State targets in Libya. LONDON, Feb 16- Oil rose to near $62 a barrel on Monday, supported by concerns over the escalating conflict with Islamic State militants in Libya and predictions of lower supply levels in the second half of the year. Egypt's air force bombed Islamic State targets inside Libya on Monday and Cairo renewed calls for a...

  • Egyptian president on vision of 'new Egypt' Sunday, 15 Feb 2015 | 7:00 PM ET
    Egyptian president on vision of 'new Egypt'

    Egyptian president Abdel Fattah el-Sisi, says the "new Egypt" will be a country of peace and "civilization".

  • Egyptian president on country's currency Sunday, 15 Feb 2015 | 7:00 PM ET
    Egyptian president on country's currency

    Egyptian president Abdel Fattah el-Sisi says the country is working hard to keep the pound at a "suitable value".

  • Egypt 'clearing the way' for investment: President Sunday, 15 Feb 2015 | 7:00 PM ET
    Egypt 'clearing the way' for investment: President

    Egypt is "clearing the way for investment", the country's president Abdel Fattah el-Sisi says, as the country looks to bring its economy back on track.

  • We're fighting corruption: Egypt's President Sunday, 15 Feb 2015 | 7:00 PM ET
    We're fighting corruption: Egypt's President

    Egyptian president Abdel Fattah el-Sisi, says the country is rapidly introducing structural reforms in order to attract foreign investment.

  • Egypt's decision to buy 24 of the Dassault Aviation fighters follows failures by successive French governments to sell the plane and leapfrogs three years of inconclusive talks for a 126- plane contract with India. Sisi has been looking to upgrade Egypt's military hardware over fears Islamist militias in neighboring Libya could take control and directly...

  • BRUSSELS, Feb 12- French President Francois Hollande said Egypt would order 24 Rafale fighter jets, a naval frigate and related military equipment in a deal to be signed in Cairo on Monday worth more than 5 billion euros. The contract would make Egypt, aiming to upgrade its military hardware amid fears the crisis in neighbouring Libya could spill over, the first...

  • *Cairo fears spillover from Libya conflict. PARIS, Feb 10- France is close to selling Dassault Aviation- built Rafale fighter jets to Egypt, sources close to the matter said on Tuesday, as Cairo looks to upgrade its military hardware over fears the crisis in neighbouring Libya could spill over. France and Egypt have been negotiating since a November state visit by...

  • Geopolitics: Russia makes its case Tuesday, 10 Feb 2015 | 4:40 AM ET
    Geopolitics:  Russia makes its case

    As Russian president Vladimir Putin heads to Egypt, Chris Weafer, senior partner at Macro-Advisory says Putin's aim is to show everyone else that Russia is still relevant and a player in geopolitics.