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Oil prices hit eleven-year low as global supply balloons

Brent crude oil prices hit their lowest in more than 11 years on Monday, while U.S. crude flirted with seven-year lows on more signs that swelling global supply looked set to outpace tepid demand again next year. Global oil production is…

Angus Deaton wins 2015 Nobel Prize in Economics

A Scottish economist and son of a Yorkshire miner has been awarded the 2015 Nobel Prize in economics for his pioneering work measuring poverty around the world. Angus Deaton, 69, became the 47th recipient of the Nobel, which was announced…

NBE” net profits to surpass EGP 4bn This Year”

The National Bank of Egypt (NBE) aims to raise its net profits during the current fiscal year ending by June 2015, to surpass EGP 4bn, compared to EGP 3.7bn last year, said Mahmoud Montasser, Vice-Chairman of the Bank. Montasser told “Cash…