Asia Business

IMF expects Egypt economy to grow 5.9% in year to end of June

15h06 Egypt's economy is expected to grow 5.9% in the year ending in June, the International Monetary Fund said on Tuesday -- unchanged from its April forecast but below the government's target of 6% to 7%.  Full story

Russia's and UAE's funds consider joint projects in Russia

17h53 Russia's RDIF and UAE's Mubadala will jointly consider an investment into a new pulp mill construction project with Russia's Sveza, RDIF said in a statement on Tuesday.. . .  Full story

ADNOC wants Italy's ENI, Austria's OMV to partner with it on refinery expansion

16h27 Abu Dhabi National Oil Company (ADNOC) wants to partner with Italy's Eni and Austria's OMV to expand its refining capacity to 1.5 million barrels per day, a company executive said on Tuesday.. . .  Full story

China reports new African swine fever outbreak in Guangxi region

16h22 China detected African swine fever in pigs being transported to Guangxi region from outside provinces, the Agriculture Ministry said on Tuesday.. . .  Full story

India readies policy to attract foreign investment in coal mining

14h55 India expects to have formulated a policy within the next two weeks to attract foreign investment to its coal mining industry, the country's Coal Minister Pralhad Joshi said on Tuesday.. . .  Full story

Malaysia offers to increase imports from India after Kashmir row

14h24 Malaysia is considering raising imports of raw sugar and buffalo meat from India, potentially easing trade tensions after reports New Delhi could restrict Malaysian palm oil imports following the country's criticism of India's actions in. . .  Full story

China Sept new bank loans beat expectations, more easing seen

14h00 China's banks extended more new yuan loans than expected in September, as policymakers ramped up support to stabilise the slowing economy during a bruising trade war with the United States.. . .  Full story

China's commodity imports stay robust, but caution warranted: Russell

14h00 On the surface China's imports of major commodities appeared to continue their resilience in September, even as the country's total exports and imports laboured under the strain of the trade dispute with the United States.. . .  Full story

Indonesian capital still sinking, despite groundwater improvements

13h25 Indonesia's capital Jakarta is still sinking by 12 centimetres (4.7 inches) per year in northern parts of the city, despite an improvement in groundwater levels blamed for causing land subsidence, an official said on Wednesday.. . .  Full story

Pakistan LNG cancels huge 10-year LNG tender -sources

13h09 State-owned Pakistan LNG has cancelled a tender to buy liquefied natural gas over a 10-year period and may turn to the spot market instead, two sources familiar with the matter told Reuters on Tuesday.. . .  Full story

SE Asia Stocks-Most end lower on trade deal uncertainty

12h33 Most Southeast Asian stock markets ended lower on Tuesday, with Philippines falling the most, as optimism over a Sino-U.S. trade deal faded after Chinese demanded further talks, while investors also sought more details on. . .  Full story

China's record pork prices to rise faster, further -analysts

12h24 China's record pork prices are set to rise faster in coming weeks, said analysts on Tuesday, even as official data showed that the nation's most popular meat has already pushed consumer inflation to a. . .  Full story

China central bank says credit support for real economy is increasing

11h18 China's central bank said on Tuesday that demand from the real economy for credit remains relatively strong and credit support for the real economy is increasing.. . .  Full story

China outstanding total social financing rises 10.8% y/y at end-Sept

10h44 China's outstanding total social financing (TSF) was 219.04 trillion yuan ($30.96 trillion) at the end of September, up 10.8% from a year earlier, the central bank said on Tuesday.. . .  Full story

Mubadala sells Medgaz pipeline stake to Naturgy, Sonatrach

10h38 Spain's Naturgy Energy Group SA and Algeria's Sonatrach have agreed to buy Abu Dhabi state fund Mubadala's 42.09% stake in the Medgaz pipeline, which carries natural gas from Algeria to Spain,. . .  Full story

Hong Kong stocks end down amid trade, economic woes

10h22 Hong Kong stocks slipped on Tuesday amid worries over China's economic health and uncertainties around Sino-U.S. trade talks, but losses were limited as the city's central bank cut banks' capital buffer to support the. . .  Full story

BOJ keeps sanguine view of regional economy, stands ready to act

10h22 The Bank of Japan on Tuesday raised its assessment for one of the country's nine regions and stuck to its sanguine view on the rest, though frail factory production and exports suggested pressure for. . .  Full story

China's pork, beef imports surge in September

09h59 China's pork imports in September surged 76% from a year earlier while beef imports came close to a monthly record, as it stocked up on proteins after disease decimated its huge hog herd, customs. . .  Full story

World Bank sees Egypt economy growing 5.8% in 2019/20

09h59 The World Bank forecast on Thursday that Egypt's economy would grow by 5.8% this fiscal year, lower than the government's target of 6-7% but in line with the bank's expectation six. . .  Full story

China stocks snap 5-day rally on downbeat data

09h28 China stocks fell on Tuesday, snapping a five-day winning streak, as the latest factory gate data added to the country's economic woes and a deal to end the trade war with the United States. . .  Full story

Hong Kong retail rents fall sharply in Q3 - consultancy

09h16 Retail rents in Hong Kong, among the most expensive in the world, fell sharply in the third quarter, property consultancy CBRE said on Tuesday, following anti-government protests that have pushed shop sales to a. . .  Full story

KKR-led consortium invests $685 mln in Philippines' top hospital chain

08h55 A KKR-led consortium said it will invest $685 million in the largest hospital group in the Philippines, seeking to capitalise on growing demand for private healthcare in Southeast Asia.. . .  Full story

Nikkei hits 5-1/2-month high after U.S.-China talks show progress

08h32 Japan's Nikkei share average rose nearly 2% on Tuesday to its highest since late April, in a delayed response to a potential U.S.-China trade deal outlined by President Donald Trump last week.. . .  Full story

India's tax unions irked by Modi's switch to faceless assessment - letter

07h54 Indian tax officials are pushing back against Prime Minister Narendra Modi's new faceless tax assessment program, complaining about a lack of consultation and inadequate resources to implement the changes, a letter reviewed by Reuters shows.. . .  Full story

Hong Kong leader's policy speech to focus on housing in bid to regain support

07h13 Hong Kong's embattled leader Carrie Lam will focus on land and housing initiatives in her annual Policy Address on Wednesday, seeking to restore confidence in the city's future amid four months of sometimes violent anti-government. . .  Full story

Hong Kong c.bank cuts banks' capital buffer to support economy as protests escalate

07h07 The Hong Kong Monetary Authority (HKMA) has cut the amount of cash that banks must keep as reserves, releasing an extra HK$200-300 billion ($25.50-38.24 billion) into the broader economy which has been hit by months-long. . .  Full story

Indonesia's Indosat in $450 mln deal for sale of telco towers

06h58 PT Indosat, the Indonesian unit of Qatar's Ooredoo Group, said on Tuesday it has signed a 6.4 trillion rupiah ($452.30 million) deal to sell 3,100 telecommunication towers, which will be leased back.. . .  Full story

JGBs dip, trade anxiety supports long-dated bonds

06h56 Japanese government bond prices sagged on Tuesday, in line with retreating global bond prices, after the United States and China appeared to have struck a tentative deal last week to avoid immediate tariff rate. . .  Full story

China stocks ease after 5-day rally on downbeat data; Hong Kong skids

06h39 China stocks retreated on Tuesday after five straight sessions of gains, as the latest factory gate data added to China's economic woes and a deal to end the trade war with the United States. . .  Full story

Indonesia returns to trade deficit in September

06h34 Indonesia swung back to a trade deficit in September as the pace of the decline in imports was slower than expected, data from the statistics bureau showed on Tuesday.. . .  Full story

China's gas demand growth to slow to 10% this year, Sinopec official says

06h29 China's natural gas demand is expected to reach 307 billion cubic metres (bcm) this year, an increase of just 10% from 2018, an official of state-run Sinopec Gas Co said on Tuesday, as a. . .  Full story

China's factory prices post steepest fall in 3 years

05h14 China's factory gate prices declined at their fastest pace in more than three years in September, reinforcing the case for Beijing to unveil further stimulus as manufacturing cools on weak demand and U.S. trade pressures.. . .  Full story

Hong Kong's leader Lam's policy address to focus on land and housing

04h37 Hong Kong's embattled leader Carrie Lam said on Tuesday that her annual policy address this week would focus on land and housing measures as months of anti-government protests showed no sign of abating in. . .  Full story

Nikkei edges near Sept peak on U.S.-China deal

03h57 Japanese shares rose on Tuesday in a delayed response following a market holiday to a potential U.S.-China trade deal outlined by President Donald Trump last week.. . .  Full story

Breakdown of China's Sept CPI

03h54 Following is a breakdown of China's consumer price index for September, published by the National Bureau of Statistics on Tuesday. (Percent change from a year earlier; base effect and new price rise are in pct. . .  Full story

Breakdown of China's Sept PPI

03h52 Following is a breakdown of China's producer price index for September, published by the National Bureau of Statistics on Tuesday. (Percent change from a year earlier):. . .  Full story

Japan govt says it will consider extra budget for typhoon relief

02h18 Japan's government will consider drafting a supplementary budget if the 500 billion yen ($4.6 billion) it has in reserve for disaster relief is not enough, Finance Minister Taro Aso said on Tuesday, after Typhoon. . .  Full story

Saudi Arabia grants four investment licenses to Russian companies - Saudi minister

14/10 Saudi Arabia granted on Monday four investment licenses to Russian companies specializing in construction and real estate development, information technology, financial consulting, and architecture, the Saudi minister of commerce and investment said on Twitter.. . .  Full story

Turkey's gas exploration off Cyprus raises tensions

14/10 Turkey's exploration for natural gas in the eastern Mediterranean has ramped up tensions with Cyprus and prompted the European Union to scale back contacts with Ankara.. . .  Full story

Saudi's SALIC, Russian fund team up on agri projects

14/10 Russian sovereign wealth fund RDIF and Saudi Arabia's SALIC have signed an agreement to team up in searching for investment projects in the Russian agricultural sector, RDIF said in a statement on Monday.. . .  Full story

Hong Kong's securities regulator chief to step down next year

14/10 Ashley Alder, CEO of Hong Kong's securities regulator, will step down in September next year at the end of a third three-year term in the post, a spokesman for the regulator said on Monday.. . .  Full story

Alamos Gold halts construction at Turkish project amid protests

14/10 Alamos Gold has halted construction work at its Kirazli project in western Turkey, the Canadian gold miner said on Monday, after its mining concessions expired on Sunday amid protests against the project.. . .  Full story

Mashreqbank's CEO to become chairman, Q3 net profit falls

14/10 Dubai's Mashreqbank said on Monday its long-standing chief executive would become chairman, with the head of its corporate and investment bank taking over as CEO.. . .  Full story

India's retail inflation surges in September, but rate cut hopes still high

14/10 India's retail inflation rose close to the central bank's medium-term target of 4% in September for the first time in 14 months, but analysts still predict a sharp economic slowdown will prompt a sixth consecutive. . .  Full story

Copper drops as China trade data reinforces negative mood

14/10 Copper prices fell on Monday as trade data from top consumer China reinforced concerns about demand for industrial metals while signs of progress on U.S.-China trade talks elicited a cautious response.. . .  Full story

China will use counter-cyclical adjustments to manage economy-Premier Li

14/10 Downward pressure on China's economy is increasing and the government will make good use of counter-cyclical adjustments to keep economic operations within reasonable range, state television quoted premier Li Keqiang as saying.. . .  Full story

China Communications Construction unit to invest $1.65 bln in Indonesian toll road

14/10 China Communications Construction Co's Indonesian subsidiary will buy a stake in a company which won a contract to build a 170-km (106 miles) toll road in the southeast Asian country.. . .  Full story

SE Asia Stocks-Gain on Sino-U.S. trade deal hopes; China data disappoints

14/10 Southeast Asian stocks finished in the black on Monday, riding the optimism surrounding the Sino-U.S. trade talks, while weak data from China, the region's largest trading partner, capped further gains. China's. . .  Full story

China's pig herd in Sept down 41.1% from year earlier

14/10 China's pig herd in September was 41.1% smaller than it was a year earlier, the agriculture ministry said on Monday, as a year-long African swine fever epidemic continued to slash the world's largest herd.. . .  Full story

ANALYSIS-China's crackdown on sugar smuggling leaves global storage headache

14/10 A crackdown on sugar smuggling into China has left abundantly supplied markets in Asia and beyond struggling to absorb excess supplies, causing a wider storage problem for global markets.. . .  Full story

Too early to discuss possible buildup in oil inventories - Kuwait's oil min

14/10 Kuwait's oil minister said that it was too early to discuss a possible buildup in oil inventories in 2020, adding that any talks about a deeper cut in production by OPEC and its allies. . .  Full story

China auto sales fall in 'Golden September' as turnaround hopes fade

14/10 Auto sales in China fell for a 15th consecutive month in September, data from its biggest auto industry association showed, dampening hopes for a second-half turnaround in the world's largest auto market.. . .  Full story

Indonesia completes fibre-optic network to bring internet to remote east

14/10 Indonesia has completed the last leg of a 13,000-km (8,080 mile) fibre-optic network that will bring high-speed internet to some of its poorest regions in the country's east, including the restive region of Papua,. . .  Full story

Gazprom Neft CEO: worth considering fine-tuning output deal

14/10 The CEO of Russia's Gazprom Neft said it was worth considering fine-tuning the global oil output deal between OPEC and its allies to take into account the level of demand.. . .  Full story

Lukoil agrees compensation with customers for oil contamination -CEO

14/10 Russian oil producer Lukoil has reached an agreement with its customers about compensation for a major contamination of Russian oil in the Druzhba pipeline earlier this year, CEO Vagit Alekperov said on Monday.. . .  Full story

Asian bond issuers gear up for new benchmarks as sun sets on Libor

14/10 Bankers are readying Asian clients to issue more bonds linked to the new interest rate benchmarks replacing Libor after Bank of China sold the first such private sector deal in the region last week.. . .  Full story

China, Hong Kong stocks rise on trade optimism

14/10 China and Hong Kong stocks rose on Monday as investors cheered signs of progress in the Sino-U.S. trade talks, although worries about prospects of a durable deal between the two economic power houses and. . .  Full story

China Sept crude oil imports rise on strong seasonal demand

14/10 China's crude oil imports in September rose 10.8% from a year earlier as refiners ramped up output amid stable profit margins and solid fuel demand.. . .  Full story

Asian oil buyers grapple with rising costs as global freight rates jump

14/10 Asian oil refiners are grappling with a jump in global freight rates that shows no sign of abating, driving up costs of crude imports from all regions in the fourth quarter, industry officials said.. . .  Full story

China Sept soybean imports ease on falling animal feed demand

14/10 China's soybean imports in September fell 13.5% from the previous month, customs data showed on Monday, as an epidemic of African swine fever that has slashed China's pig herd reduced demand for soymeal.. . .  Full story

China's Sept coal imports slip 8.1% from previous month

14/10 China's coal imports in September dropped 8.1% from a month earlier, as traders held up purchases amid an increase in domestic supply and slowing demand for the fuel from power generation companies.. . .  Full story

S.Korea's Woongjin to sell water purifier rental unit

14/10 South Korea's Woongjin Group said on Thursday that it would sell a 25.08 percent stake in water purifier rental firm Woongjin Coway, just three months after the group regained control of the unit for. . .  Full story

Singapore Q3 GDP rises 0.6%, avoids recession

14/10 Singapore's economy grew less than expected in the third quarter from the previous three months on an annualised basis, but avoided slipping into a technical recession, preliminary data showed on Monday.. . .  Full story

China reports new African swine fever outbreak in northwest province

13/10 China reported another outbreak of the African swine fever on Sunday in its northwestern province of Gansu, the Ministry of Agriculture and Rural Affairs said on its website.. . .  Full story

Saudi Arabia opens new logistics zone in Jeddah, eyes private investors

13/10 Saudi Arabia launched on Sunday a new logistics zone open to private investors in the Red Sea port city of Jeddah, as part of a wider industrial initiative to diversify the economy away from. . .  Full story

Egypt cuts stock exchange fees in bid to boost investments

13/10 The Egyptian Financial Regulatory Authority (FRA) said on Sunday it had approved lowering stock exchange trading fees to encourage investment and competitiveness with other regional markets.. . .  Full story

Vietnam's 2019 economic growth seen higher than 6.8 pct - president

13/10 Vietnam's economic growth this year is expected to surpass the government's target range of 6.6%-6.8%, President Nguyen Phu Trong said, as the country benefits from the trade war between the U.S. and China.. . .  Full story

World Bank slashes India's growth forecast to 6% for this fiscal year

13/10 The World Bank on Sunday slashed its growth forecast for India's current fiscal year to 6%, down from 7.5%, warning that the "severe" slowdown could further weaken the country's stuttering financial sector.. . .  Full story

India watchdog links over $500 mln Bhushan Power assets to fraud probe

13/10 India's financial fraud agency said on Saturday assets worth 40.25 billion rupees ($567.60 million) of Bhushan Power & Steel Limited were connected with a money-laundering probe, a move that could scupper the debt-ridden firm's sale. . .  Full story

Aramco hopes to repair remaining damage from attacks by end-Nov

12/10 Oil major Saudi Aramco hopes to fix by the end of November the last four key pieces of equipment damaged during attacks last month, in a move to allow it to fully regain production. . .  Full story

China, locked in trade war with US, agrees to tackle India's trade deficit

12/10 Chinese President Xi Jinping and Indian Prime Minister Narendra Modi agreed at a summit on Saturday to set up a high-level group to tackle India's galloping trade deficit with the world's second-biggest economy, a top. . .  Full story

China's finance ministry urges increased farm insurance coverage

12/10 China's Ministry of Finance on Saturday published suggestions for improving the country’s agricultural insurance to better protect farmers.. . .  Full story

Turnaround specialist behind Noble Group's rescue replaced as chairman

12/10 Noble Group Holdings said Paul Brough, who rescued the once mighty commodity trader from near-collapse, had stepped down as executive chairman.. . .  Full story

Gabon's GDP growth to rise to 3.4% this year -IMF

12/10 Gabon's economy is expected to grow by 3.4% in 2019, up from 0.8% last year, due to strong performances by the oil, mining and timber sectors, the International Monetary Fund (IMF). . .  Full story

Malaysia optimistic of winning investor, ratings agencies' confidence in budget plans

12/10 Malaysia is "cautiously optimistic" it would win the confidence of investors and ratings agencies for its 2020 budget, its finance minister said on Saturday, as the government prioritised boosting growth over reducing the deficit in. . .  Full story

OPEC in compliance push before Dec meeting; Gabon says will adhere

11/10 Gabon has told OPEC it will comply fully with its pledge to cut oil output under a 2019 supply deal between the exporter group and rivals such as Russia, in the latest sign of. . .  Full story

Asia Gold-Indian festival fails to buoy demand; China awaits trade verdict

11/10 Gold demand in top-consumer China was subdued this week as investors awaited outcome of crucial trade negotiations with the United States, while purchases in India during a key festival were lower-than-usual because of higher prices.. . .  Full story

Indonesia to tighten textile import rules following influx of goods-official

11/10 Indonesia's Trade Ministry will tighten restrictions on textile imports in an effort to protect local industries, an official told reporters on Friday.. . .  Full story

Malaysia widens fiscal deficit target in budget, promises stimulus if needed

11/10 Malaysia's government on Friday unveiled a smaller budget than expected for next year but flagged a wider budget deficit than earlier estimated, and said it would step in with stimulus measures should global demand worsen.. . .  Full story

India's 2019 soybean output could drop 18% on excessive rain-trade body

11/10 India's soybean output in 2019 is likely to fall nearly 18% from a year ago to 9 million tonnes as excessive rainfall hit the oilseed crop in the top three-producing states, a leading industry. . .  Full story

SE Asia Stocks-End higher as Sino-U.S. trade talks bolster risk appetite

11/10 Southeast Asian stock markets ended higher on Friday as risk sentiment was boosted by signs of progress in China-U.S. trade talks. China's foreign ministry said it hoped for more progress. . .  Full story

Hong Kong urges property developers to cut rent for retailers

11/10 Hong Kong's financial chief urged landlords and property developers on Friday to offer rent subsidies to retailers and food and beverage businesses suffering after four months of protests that have dented tourism and consumer spending.. . .  Full story

China announces timetable for full financial sector opening in 2020

11/10 China announced a firm timetable for opening its futures, brokerage and mutual fund sectors fully to foreign investors next year, the latest step to deregulate the country's giant financial industry.. . .  Full story

Bain and Carlyle among shortlisted bidders for Japan's Hitachi Chemical -sources

11/10 Japan's Hitachi Ltd has narrowed suitors for its $6.8 billion chemical unit to a handful of companies including Bain Capital and Carlyle Group LP, people with knowledge of the deal said.. . .  Full story

HK stocks post weekly gains amid positive trade signals

11/10 Hong Kong stocks staged a strong rally on Friday to end the week higher, bolstered by signs of progress in the two-day Sino-U.S. trade negotiations.. . .  Full story

Indonesia considers bauxite royalty rule changes amid output surge

11/10 The Indonesian government has opened discussion on a proposal by the bauxite-rich province of West Kalimantan for a change in royalty rules after a jump in production in recent months, according to a statement. . .  Full story

JGBs fall across maturities as hopes for trade talks lift risk appetite

11/10 Japanese government bond (JGB) prices fell across the yield curve on Friday, as hopeful signs of progress in U.S.-China trade talks boosted risk appetite and diminished demand for safe-haven debt.. . .  Full story

Japanese stocks climb to 1-1/2-week high on trade optimism; Seven & I shines

11/10 Japanese shares rose to their highest level in over a week on Friday as the safe-haven yen eased on hopes of progress in U.S.-China trade talks.. . .  Full story

Indonesia likely to record trade surplus in September

11/10 Indonesia is expected to post a trade surplus for a second straight month in September amid a slower pace of decline in exports and imports, a Reuters poll showed on Friday.. . .  Full story

Kuroda says BOJ still has room to ease policy

11/10 Bank of Japan Governor Haruhiko Kuroda said on Friday the central bank still has tools to achieve its 2% inflation target, brushing aside criticism that it has run out of means to ramp up. . .  Full story

Most Japan households plan to cut spending after tax hike - BOJ survey

11/10 Nearly 70% of Japanese households expect to cut back on spending after an increase in the sales tax rate this month, a central bank survey showed, adding to headwinds for an economy grappling with. . .  Full story

China and Hong Kong stocks rally on trade optimism

11/10 China and Hong Kong stocks advanced on Friday, as investors cheered signs of progress in the ongoing Sino-U.S. trade talks.. . .  Full story

Why strong monsoon rains are not necessarily good news for Indian farmers

11/10 India, one of the world's biggest agricultural producers, experienced its heaviest monsoon rains in 25 years this year.. . .  Full story

Japanese stocks rise to 1-1/2-week high; Seven & I shines

11/10 The Nikkei's benchmark index struck its highest in over a week on Friday as the safe-haven yen eased on hopes of progress in U.S.-China trade talks, and Seven & I Holdings, Japan's largest convenience. . .  Full story

Japan firms see 'Abenomics' sputtering, tax hike hurting economy-poll

11/10 Japanese companies overwhelmingly think the nation's longest postwar expansion is peaking, with two-thirds expecting a tax hike imposed this month by Prime Minister Shinzo Abe to hurt the economy, a Reuters poll showed on Friday.. . .  Full story

World Bank sees Algeria's 2019 GDP growth at 1.3%

10/10 The World Bank said on Thursday it expected Algeria's economy to grow by 1.3% this year, down from 1.5% in 2018 and lower than the government's forecast of 2.6%, due to. . .  Full story

Egypt's annual urban consumer inflation falls to 4.8% in Sept as reforms bite

10/10 Egypt's annual urban consumer price inflation decreased to 4.8% in September from 7.5% in August, the statistics office said on Thursday, slowing to its lowest level in almost seven years and paving the way. . .  Full story

Abu Dhabi's Arabtec, Trojan hire advisers for potential merger-sources

10/10 Arabtec Holding and Trojan Holding have mandated Swiss bank UBS and Dubai-listed Shuaa Capital as advisers on a potential merger between the two United Arab Emirates construction firms, two sources with knowledge of the matter. . .  Full story

Iran's economy to shrink by 8.7% in 2019/20 - World Bank

10/10 Hit by wide-ranging U.S. sanctions, Iran's economy is expected to contract by 8.7% in the financial year 2019/20 mainly due to constraints on its oil and gas industry, the World Bank said.. . .  Full story

Japan Airlines to cancel over 90% of domestic flights to and from Haneda, Narita airports on Saturday –NHK

10/10 Japan Airlines will cancel more than 90% of domestic flights to and from Tokyo's Haneda airport and Narita airport in Chiba prefecture on Saturday due to Typhoon Hagibis, public broadcaster NHK said.. . .  Full story

Egypt eyes minority stake sales of state firms by end-Dec but doubts persist

10/10 Egypt plans to sell minority stakes in two companies by year-end, ramping up its long-delayed privatisation programme though analysts doubt it is moving quickly enough to convince investors it is serious about opening up the. . .  Full story

UAE excise tax to include e-cigarettes, beverages with added sugar

10/10 The United Arab Emirates said on Thursday it is expanding the scope of excise tax to include e-cigarettes and related liquids and beverages with added sugar.. . .  Full story