Egypt’s core inflation falls to 11.88 pct yr/yr in Feb
Egypt's core inflation fell to 11.88 percent year-on-year in February from 14.35 percent in January, the central bank said on Thursday.
Inflation jumped after Egypt...
Britain raises minimum wage
Britain's Conservative government raised the minimum wage by 7.5 percent on Friday in a move denounced by critics as largely symbolic in an era...
Venezuela proposes non-OPEC oil producers attend Vienna meeting
Venezuela has proposed that non-OPEC oil producers attend the group's June meeting in Vienna to continue "dialogue and coordination," according to a letter from...
JP Morgan sees new Scottish currency, initially backed by BoE
JP Morgan said on Thursday a Scottish currency in a newly independent Scotland could initially be stabilised near parity with sterling by the Bank...
Saudi Arabian firm injects €49 million into Euro Disney
A firm owned by a Saudi prince said Wednesday it has injected 49.2 million euros ($52.37 million) into the struggling Euro Disney theme park...
Citigroup earnings jump despite energy hit
Citigroup reported a big jump in fourth-quarter earnings as much lower expenses offset a hit to results due to weakness in energy-sector loans.
Earnings were...
Erdogan aide calls for nationalisation of Turkey's Isbank
An aide to Turkish President Tayyip Erdogan has called for the nationalisation of the country's biggest private bank, Isbank, in which the main opposition...
Lebanon PM urges Saudi to reconsider aid package suspension
Lebanon's Prime Minister Tammam Salam on Friday urged Saudi Arabia to "reconsider" the suspension of a $3 billion aid package to its army to...
Oil prices hold steady in Asia
The rally in oil prices extended into Asian trade Friday, a day after the main US contract broke $40 for the first time this...
Saudi takes steps out of welfare state under King Salman
Faced with a massive decline in oil revenues, Saudi Arabia's King Salman marked his first year in power by taking steps to end his...
