×

Business Egypt

  • *Abu Dhabi's Dana Gas jumps on receipt of Egypt payments. *Ezz Steel surges as Egypt imposes import tariff. The Qatari index lost 1.0 percent to a fresh 17- month low, taking its losses to 9.7 percent since Saudi Arabia, the United Arab Emirates and Egypt cut diplomatic links and transport ties on Monday, accusing Doha of backing terrorism.

  • View of the Khalifa football stadium on January 6, 2013 in Doha, Qatar.

    The new blockade imposed on Qatar by Gulf neighbors threatens the political and logistical viability of the 2022 soccer tournament, Vocativ reports.

  • Empty shelves in a supermarket in Doha, Qatar.

    The move by Saudi Arabia and other states to sever diplomatic ties with Qatar has sent shockwaves across the region.

  • Qatar's diplomatic crisis is rattling LNG buyers who may start to seek alternative sources for their fuel mix.

    CNBC's Hadley Gamble reports on a recent diplomatic spat between four Arab nations and Qatar, with soundbites from leaders in the region.

  • **BANGKOK- Bank of Thailand releases minutes of its previous interest rate meeting on May 24- 0200 GMT. WARSAW- National Bank of Poland monetary policy council meeting. BOGOTA- Colombian Finance Minister Mauricio Cardenas and Central Bank head, Juan Jose Echavarria, will attend a finance industry conference.

  • * "Enough is enough," Saudi Arabia says of Qatar. President Donald Trump took sides in a deep rift in the Arab world on Tuesday, praising Middle East countries' actions against American ally Qatar over Islamist militants even though the tiny Gulf state hosts the largest U.S. air base in the region. Trump wrote on Twitter that his recent trip to the Middle East was "...

  • * "Enough is enough," Saudi Arabia says of Qatar. President Donald Trump took sides in a deep rift in the Arab world on Tuesday, praising Middle East countries' actions against American ally Qatar over Islamist militants even though the tiny Gulf state hosts the largest U.S. air base in the region. Trump wrote on Twitter that his recent trip to the Middle East was "...

  • * "Enough is enough' Saudi Arabia says of Qatar. President Donald Trump took sides in a deep rift in the Arab world on Tuesday, praising Middle East countries' actions against American ally Qatar over Islamist militants even though the tiny Gulf state hosts the largest U.S. air base in the region. Trump wrote on Twitter that a recent trip he made to the Middle East was "...

  • Saudi Arabia's King Salman bin Abdulaziz Al Saud (2nd L) welcomes U.S. President Donald Trump to dance with a sword during a welcome ceremony at Al Murabba Palace in Riyadh, Saudi Arabia May 20, 2017.

    President Donald Trump's public support for anti-Qatari forces could complicate U.S. diplomatic efforts, one analyst said.

  • * "Enough is enough' Saudi Arabia says of Qatar. Trump wrote on Twitter that a recent trip he made to the Middle East was "already paying off" and cast an anti-Islamist speech he made in Saudi Arabia as the inspiration for a decision by Arab powers to sever ties with Qatar in protest at what they say is the Gulf nation's support for terrorism. U.S. officials were...

  • *Arab powers cut ties with Al Jazeera owner Qatar on Monday. *Qatar accused of using channel to attack Arab governments. CAIRO, June 6- As one Arab state after another announced it was severing ties with Qatar, the tiny Gulf monarchy's flagship television channel Al Jazeera did not react like other broadcasters-- it updated its news ticker but its presenters said...

  • *Assault overlaps with final stages of Mosul campaign. HUKOUMIYA, Syria/ BEIRUT, June 6- The U.S.-backed Syrian Democratic Forces said on Tuesday it had launched an operation to capture Raqqa, Islamic State's de facto Syrian capital, piling pressure on the jihadists whose self-declared caliphate is in retreat across Syria and Iraq. The assault overlaps with the...

  • *At delicate moment, Trump blasts Qatar. *Some banks dial down business dealing with Qatar. President Donald Trump, wading into a deep rift among Arab states, said on Tuesday his trip to the Middle East was "already paying off", as governments there took a hard new line in accusing Qatar of funding militant groups.

  • *Food import supplies to Qatar disrupted. Just a day after Saudi Arabia and its Arab allies severed transport links with Qatar over a diplomatic row, bans on Doha's fleet using regional ports and anchorages threatened to halt some of its exports and disrupt those of liquefied natural gas. Saudi Arabia, Egypt, the United Arab Emirates and Bahrain severed...

  • CAIRO, June 6- An Egyptian court has decided to re-instate a zero tolerance policy on common grain fungus ergot, lawyers on the case told Reuters on Tuesday, plunging trade with the world's largest wheat importer back into uncertainty. Egypt last year scrapped a ban on ergot in grain imports after it effectively halted purchase tenders because trading houses...

  • Donald Trump

    U.S. President Donald Trump has waded into the worst split between powerful Arab states in decades.

  • *Food import supplies to Qatar disrupted. Just a day after Saudi Arabia and its Arab allies severed transport links with Qatar over a diplomatic row, bans on Doha's fleet using regional ports and anchorages threatened to halt some of its exports and disrupt those of liquefied natural gas. Saudi Arabia, Egypt, the United Arab Emirates and Bahrain severed...

  • *At delicate moment, Trump blasts Qatar. *Some banks dial down business dealing with Qatar. In fact, U.S. officials were blindsided by Saudi Arabia's decision to sever diplomatic ties with Qatar in a coordinated move with Egypt, Bahrain and the United Arab Emirates, current and former officials in Washington told Reuters.

  • *At delicate moment, Trump blasts Qatar. *Some banks dial down business dealing with Qatar. In fact, U.S. officials were blindsided by Saudi Arabia's decision to sever diplomatic ties with Qatar in a coordinated move with Egypt, Bahrain and the United Arab Emirates, current and former officials in Washington told Reuters.

  • *Assault overlaps with final stages of Mosul campaign. *U.S. support for Kurdish militia fuels tension with Turkey. HUKOUMIYA, Syria/ BEIRUT, June 6- The U.S.-backed Syrian Democratic Forces said on Tuesday it had launched a battle to capture Raqqa, Islamic State's de facto Syrian capital, piling pressure on the jihadists whose self-declared caliphate is in...