Edition:
United Kingdom

Yousef Saba

Gulf economies to pick up this year following spending spree: Reuters poll

22 Jan 2020

DUBAI Economic growth in the Gulf will pick up this year and next, helped by Saudi Arabia's investment program and Expo 2020 in Dubai, although the region will continue to feel the impact of oil output cuts, a Reuters poll showed on Wednesday.

Egypt competition watchdog approves Uber acquisition of Careem with conditions

29 Dec 2019

CAIRO Egyptian regulators have approved Uber's $3.1 billion acquisition of regional rival Careem after agreeing to a set of commitments proposed by the U.S.-based ride-hailing service meant to reduce harm to competitors.

UPDATE 3-Egypt’s current account deficit narrows, FDI up in July-September 2019

25 Dec 2019

* Overall and non-oil trade deficits narrow, boosting currency

Egypt's central bank seen holding rates after inflation uptick - Reuters poll

24 Dec 2019

CAIRO Egypt's central bank will likely keep its key interest rates steady on Thursday, a Reuters poll showed, as inflation ticked up in November after hitting a near-14-year low.

UPDATE 2-Egypt's central bank makes third straight cut to interest rates

14 Nov 2019

CAIRO, Nov 14 Egypt's central bank cut its key interest rates on Thursday at its third consecutive policy meeting since August, after inflation fell to its lowest in nearly 14 years and central banks continued to ease monetary policy globally.

Egypt's central bank seen making third straight cut to key rates: Reuters poll

12 Nov 2019

CAIRO Egypt's central bank will likely make a third consecutive cut to its key interest rates on Thursday, a Reuters poll showed, as inflation fell to its lowest in nearly 14 years in October.

Ride-hailing market revs up in Egypt

06 Nov 2019

CAIRO Competition in Egypt's ride-hailing and tech-enabled transport market is heating up as rivals from global giant Uber to smaller local firms vie for a slice of the Middle East's largest market.

CORRECTED-Ride-hailing market revs up in Egypt

06 Nov 2019

CAIRO, Nov 6 Competition in Egypt's ride-hailing and tech-enabled transport market is heating up as rivals from global giant Uber to smaller local firms vie for a slice of the Middle East's largest market.

UPDATE 1-Iraq imports 7 gigawatts of electricity from Iran, says official

06 Nov 2019

CAIRO, Nov 6 Iraq imports 7 gigawatts (GW) of electricity from Iran to make up the shortfall between domestic power production and the country's needs, a power ministry official said on Wednesday.

Egypt plays host as women's world champion to earn more prize money than men's

31 Oct 2019

CAIRO The female world squash champion will receive more prize money than the male equivalent for the first time at the CIB PSA Women's World Championship in Egypt this month as the sport takes gender equality to a new level.

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