Business news wrap-up

Sisi calls on BRICS bloc to bring more investments to Egypt

Egyptian President Abdel Fatah al-Sisi called on the BRICS bloc for investing in Egypt on Monday.

Egypt’s exports to EU up 16.5% in 1H 2017

Egyptian imports from the EU went down 29 percent in that period to $8.15 million from $11.5 million in the corresponding period last year.

Pound's liquidity, near money jumps LE 778B, LE 664B in April

The monetary supply leveled up to LE 654.2 billion in April 2017 compared to LE 540.2 billion in April 2016.

8.7M tons of petroleum products crossed Suez Canal in July

The petroleum products included crude oil, gasoline, diesel, fuel oil and petroleum gases.

Egypt-BRICS relations fuel hopes of joining bloc

Aspiring to be placed among the world’s fastest growing emerging markets, Egypt is keen on strengthening economic and trade relations with BRICS countries.

New agreements shake up Egypt’s oil market: OilPrice

The contracts will be the start of a wide-range campaign to revive the sector.

Saudi Arabia sets Oct crude price to Asia 'at 10-mth high'

The price hikes come on the back of a stronger market structure for Middle East crude benchmark Dubai and refining margins.

Dana Gas soars on Kurdistan deal, rest of UAE quiet

$1.24 billion will be reclassified from debt owed by the government to outstanding costs.

Global stocks dip, yen gains after North Korea test

Stocks and the dollar fell on Monday while the yen, gold and sovereign bonds rose after North Korea’s most powerful nuclear test to date dampened investor.

U.S. gasoline prices tumble as Harvey subsides

Benchmark U.S. gasoline prices slumped on Monday to pre-Hurricane Harvey levels as oil refineries and pipelines in the U.S. Gulf Coast slowly resumed.

China pledges small increase in funding for BRICS

China will give 500 million yuan (£59 million) for a BRICS economic and technology cooperation plan.