Economy

Egypt’s Beltone says still pursuing CI Capital acquisition

Egypt’s Beltone says still pursuing CI Capital acquisition

Egypt's Beltone Financial will pursue its acquisition of CI Capital, the investment banking arm of the country's largest-listed bank, despite…
Chinese economy shows signs of debt-fueled recovery

Chinese economy shows signs of debt-fueled recovery

China posted its slowest economic growth since 2009 but a surge of new debt appears to be fueling a recovery…
World Bank set to provide Egypt with first $1 billion of $3 billion loan

World Bank set to provide Egypt with first $1 billion of $3 billion loan

The World Bank will provide the first $1 billion tranche of a $3 billion loan to Egypt after parliament approves…
We will keep basic goods prices stable despite dollar crisis: Sisi

We will keep basic goods prices stable despite dollar crisis: Sisi

Egypt's President Abdel Fattah al-Sisi said on Wednesday he would make sure the price of basic goods does not increase,…
World Bank to provide Egypt with first US$1 billion of $3 billion loan

World Bank to provide Egypt with first US$1 billion of $3 billion loan

The World Bank will provide the first US$1 billion tranche of a $3 billion loan to Egypt after parliament approves…
MIDEAST STOCKS: Saudi shares may rise on bank results; Egypt correction to continue

MIDEAST STOCKS: Saudi shares may rise on bank results; Egypt correction to continue

Saudi Arabian shares may gain on Tuesday, supported by banking stocks after two lenders reported earnings that beat expectations, while…
Saudi Arabia to supply Egypt with 700,000 tonnes of petroleum products a month

Saudi Arabia to supply Egypt with 700,000 tonnes of petroleum products a month

Saudi Arabia is to provide Egypt with 700,000 tonnes of petroleum products a month under a US$23 billion deal over…
Egypt’s urban inflation falls in March for third consecutive month

Egypt’s urban inflation falls in March for third consecutive month

Egypt's annual urban consumer inflation eased for the third consecutive month in March to 9 percent from 9.1 percent in…
Egypt has high hopes for tourism despite setbacks: new minister

Egypt has high hopes for tourism despite setbacks: new minister

Egypt is confident of luring back millions of foreign visitors and putting a smile on their faces, according to its…
US banks’ dismal first quarter may spell trouble for 2016

US banks’ dismal first quarter may spell trouble for 2016

It is only April, but some on Wall Street are already predicting a rotten 2016 for US banks.Analysts say it…
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