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Egypt puts capital gains tax on hold for two years

Egypt's government put a 10 percent tax on capital gains on hold on Monday, reversing a key component of its economic reform age....


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Top 10 Countries With The World’s Biggest Oil Reserves

  Brent crude oil spot price is expected to fall from an average of $112 per barrel in 2012 to annual averages of $108 per....


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Qatar invites oil firms to bid for al-Shaheen oilfield from mid-2017

  The oilfield, 80 kilometers (50 miles) off Qatar’s coast, is one of the largest in the world and currently pro....


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Oil prices hit fresh 2015 high on weaker dollar, Libya supply woes

Oil prices rose more than $1 to fresh 2015 highs on Wednesday, continuing a month-long rally that has been supported by a weaker d....


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Egypt stocks continue to slide as fingers point to bourse tax

Egypt stocks continued to slide on Tuesday as analysts pointed the finger at a recently implemented capital gains tax. The benc....


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Ending Egypt’s currency black market brings new challenges

  Egypt’s currency black market, a thorn in the side of successive governments, has virtually disappeared in the pas....


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Cheap Oil Slows Saudi, UAE Projects But Qatar, Kuwait Rise -ADCB

Low oil prices are slowing new economic projects in Saudi Arabia and the United Arab Emirates but project awards have accelerate....


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Egypt receives $6 bln from Saudi Arabia, UAE, Kuwait: Central Bank

Saudi Arabia, Kuwait and the United Arab Emirates deposited $6 billion with Egypt’s central bank on Wednesday, the bank&rsqu....


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