Business

Cairo Hosts 21st ASEA Annual Meeting: Africa Mapping the Future

Cairo Hosts 21st ASEA Annual Meeting: Africa Mapping the Future

Cairo will host on Monday the two-day conference of African Securities Exchanges Association (ASEA), sponsored by Egyptian Prime Minister Sharif Ismail, Investment Minister Sahar Nasr, alongside a number of African ministers, delegations of international and regional financial institutions. The A

Saudi Insurance Companies Gain USD349 Million in Nine Months

Saudi Insurance Companies Gain USD349 Million in Nine Months

Insurance companies listed in Saudi domestic stock market earned additional profits worth SAR1.13 billion (USD349.3 million) during the first nine months of 2017.

Erdogan Renews Criticism of Turkey’s Central Bank

President Recep Tayyip Erdogan has blasted Turkey’s Central Bank, saying that lack of government intervention in monetary policy has saddled Turkey with high inflation and a slowdown in investment. “They are saying that central banks have an independence; they told us not to intervene.

Saudi Arabia's Falih: Too Early to Assess Oil Production Cut

Saudi Arabia's Falih: Too Early to Assess Oil Production Cut

Saudi Arabia’s Energy Minister Khalid al-Falih said on Thursday it was too early to make an assessment on a possible extension to global oil output cuts but that the market would still not be balanced by March, when the current deal expires. “We will decide in two weeks (on a possible extension).

Unemployment in Egypt Drops to 2011 levels

Unemployment in Egypt Drops to 2011 levels

Unemployment rates in Egypt fell during the third quarter of 2017 registering the lowest rate since 2011’s first quarter, as national economic growth. Egypt's unemployment rate had worsened with a popular uprising to oust former President Hosni Mubarak in January 2011, rising from 8.9 % in the fo

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