economy

Russian ruble bounces back after oil price rise
Business

Russian ruble bounces back after oil price rise

Russia's battered ruble on Friday bounced back after a rise in crude prices, recovering ground a day after it slumped…
MIDEAST STOCKS: Saudi plunges more than 6%, Egypt slides
Business

MIDEAST STOCKS: Saudi plunges more than 6%, Egypt slides

Saudi Arabia's stock market plunged more than 6 percent early on Sunday in response to a fresh tumble of oil…
Benefits of cheap oil will come, but not soon
Business

Benefits of cheap oil will come, but not soon

With petroleum investment and the manufacturing sector sagging and the stock market in free fall, many Americans are wondering when…
China’s economy grew by around 7% in 2015, services made up half of GDP: premier
Business

China’s economy grew by around 7% in 2015, services made up half of GDP: premier

China's gross domestic product (GDP) totaled more than US$10 trillion in 2015 and the economy grew by around 7 percent,…
Egypt’s urban consumer price inflation unchanged at 11.1 pct in Dec
Business

Egypt’s urban consumer price inflation unchanged at 11.1 pct in Dec

Egypt's annual urban consumer inflation was steady at 11.1 percent, unchanged from the previous month, the official statistics agency CAPMAS…
Vietnam economy grows at highest rate in five years
World

Vietnam economy grows at highest rate in five years

Vietnam's economy in 2015 grew at its fastest pace in five years, official figures showed on Saturday, shaking off regional…
Brazil’s new middle class faces plunge back to poverty
Life & Style

Brazil’s new middle class faces plunge back to poverty

Brazilian Monica de Oliveira thought she'd forever left behind those days of worrying about getting her daughter new clothes. As part…
Weakening Egyptian pound to dollar will not solve economic crisis: expert
Business

Weakening Egyptian pound to dollar will not solve economic crisis: expert

The Central Bank of Egypt governor's decision to raise the price of the Egyptian pound against the US dollar by…
IFC to provide loan to Credence Group to boost tourism
Egypt

IFC to provide loan to Credence Group to boost tourism

The International Finance Corporation (IFC), a member of the World Bank Group, announced Monday it will hold a signing ceremony…
Former finance minister: Dangers facing Egyptian economy becoming less intense
Business

Former finance minister: Dangers facing Egyptian economy becoming less intense

Former Finance Minister Ahmed Galal has said that the Egyptian economy can grow by between 4 and 4.5 percent with…
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