Latest in Highlight

Advertising Area





Latest in


Egypt agrees on timetable to pay $3bn to oil firms

Reuters – Egypt has agreed on a timetable to pay $3 billion of the $6.3 billion it says it owes foreign oil companies, the state news agency reported, as part of the drive to revive confidence in its economy hammered by nearly three years of political turmoil. The most populous Arab state struck deals to pay the amount in …

Daily News Egypt

Oil-rich Kuwait warns welfare state unsustainable

The programme up to the 2016/2017 fiscal year aims to review subsidies, charges and prices of public services, besides imposing a taxation system in a country that generates 94% of its income from selling oil and where individuals and corporates pay no taxes.

Daily News Egypt