Oil prices inched up on Tuesday as rising Russian output and expectations of a reduction in Saudi …
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U.S. oil prices extended gains on Thursday as OPEC’s strong compliance with a supply reduction pact offset …
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A reduction in risk appetites lifted the yen on Wednesday and pressured the Australian dollar, as investors …
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Banks
Moody’s cuts Oman banking outlook on weaker government support
by Yomna Yasserby Yomna YasserThe outlook for Oman’s banking sector was cut to negative by Moody’s Investors Service to reflect a …
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Financial Institutions
Customs exchange rate to fall to 16 Egyptian pounds pounds in September: minister
by Yomna Yasserby Yomna YasserEgypt will lower its customs exchange rate to 16 pounds per dollar from 16.25, effective September 1, …
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Real Estate
Egypt’s Madinet Nasr Housing submits capital cut documents
by Yomna Yasserby Yomna YasserEgypt’s state-run Madinet Nasr for Housing and Development Company has submitted Monday the documents concerning a reduction …
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International News
Fed’s Yellen aims to let healthy US economy coast along
by Yomna Yasserby Yomna YasserThe Federal Reserve’s plans to raise U.S. interest rates gradually are aimed at sustaining full employment and …
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forex news
Oil jumps on Libyan supply disruptions, likely OPEC output cut extension
by Yomna Yasserby Yomna YasserOil prices on Wednesday extended gains from the previous session, lifted by supply disruptions in Libya and …
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World
Asian markets mixed as traders target delayed health-care vote
by Yomna Yasserby Yomna YasserAsian markets closed mixed on Friday, as key health-care vote in the U.S. was delayed and President …
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U.S. stocks closed mixed Friday after a choppy trading session with NBC News reporting the House pulled …