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Saudi’s July oil exports reach record as local use eases

  Bloomberg Saudi Arabia’s oil exports climbed in July to a record level for that month, as the kingdom curbed the amount of crude it burns to generate energy domestically, according to the Joint Oil Data Initiative. The world’s biggest oil producer raised shipments by 166,000 barrels a day to 7.622 million a day in July compared with the previous ...

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Egypt central bank may hike rates on Thursday

  Reuters Egypt’s central bank is expected to raise interest rates on Thursday, a Reuters poll showed, in an attempt to fight inflation and attract foreign investment as the country pushes through with economic reforms. Egypt has been struggling with a shortage of foreign currency since the 2011 uprising drove away tourists and foreign investors — two major sources of ...

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Twitter announces longer tweets to push growth

  AFP Twitter has announced it is easing its 140-character limit on tweets, in the latest effort to broaden the appeal and boost the user base of the social network. The new policy announced in May and now in effect no longer factors in certain add-ons, including pictures, into a message’s length. “Say more about what’s happening! Rolling out now,” ...

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