Recent

Iran and Iraq signed an agreement in 2013 under which Tehran would start exporting gas to Iraq to feed three power plants in Baghdad and Diyala.
March 03, 2015 - 17:34 GMT
Iran could begin natural gas exports to Iraq in May if security conditions improve, Iranian oil ministry website Shana quoted a senior official as saying.
Turkey's sole stock exchange said it planned to sell shares held by the national Treasury, adding it had started a process to select bookrunners.
March 03, 2015 - 17:30 GMT
Turkey's Borsa Istanbul has decided to go public, it said in a statement on Tuesday, in an offering that will see the $220 billion stock exchange sell up to nearly 43 per cent of its capital.
The UAE along with Saudi Arabia have pledged billions of dollars to support the Egyptian economy.
March 03, 2015 - 17:24 GMT
Investment climate in Egypt is improving and the country will be back on economic recovery if the new policies for the economic growth are implemented,
Vice President Sundar Pichai says Google, the leading Internet search engine and mobile software provider, is working with unnamed network operators on developing a cellular plan.
March 03, 2015 - 17:18 GMT
Google will soon be offering cellular network plans in a bid to bridge the gap between the realms of Internet services and mobile device software it dominates.
The dollar rose to as high as 95.505 .DXY against a basket of major currencies, its highest level since September 2003. The dollar index last traded at 95.417.
March 03, 2015 - 17:15 GMT
The dollar hit an 11-year high against a basket of major currencies on Monday, with the greenback gaining a broad lift after an interest rate cut.
The tower will be launched during the Economic Summit to be held in Sharm El Sheikh from March 13 to 15.
March 03, 2015 - 16:41 GMT
Egypt has unveiled plans to build a 200-m-high pyramid skyscraper, Zayed Crystal Spark, on an 798,000 sq m area at Sheikh Zayed City in Cairo.
Mobily's woes deepened last week when its audited results revealed it made a $243 million loss last year.
March 03, 2015 - 14:38 GMT
Saudi Arabia's market regulator is investigating possible insider trading in shares of telecommunications operator Mobily relating to its shock earnings restatement.
The popular Indonesian tourist destination welcomed more than 3.7 million foreign tourist arrivals in 2014.
March 03, 2015 - 10:45 GMT
Dubai-based Emirates Airline has announced the launch of a new daily service to the island of Bali in Indonesia.
The three wealthy Gulf governments, deeply opposed to Mursi’s Muslim Brotherhood group, ramped up aid to Egypt after his ouster and are spending heavily to try to ensure the success of current President Abdel Fattah al-Sisi.
March 03, 2015 - 08:23 GMT
Egypt has obtained $23 billion in aid from Saudi Arabia, the United Arab Emirates and Kuwait in the 18 months since Islamist President Mohamed Mursi was ousted.
Saudi Arabia’s market, on the other hand, lacked clear direction and was nearly flat as oil edged down towards $62 per barrel.
March 03, 2015 - 08:10 GMT
Egypt’s stock market rebounded on Monday after bullish comments from government officials and executives and signs that the planned parliamentary election will go ahead soon.
Inflation should range between 3% and 5%, the report noted while the average economic growth expected is 7%.
March 02, 2015 - 21:38 GMT
President Abdel Fattah Al-Sisi is set to present the “Sustainable Development Strategy Egyptvision 2030” during the March Economic Development Conference.