Business
Qatar won’t sell Deutsche Bank shares, might buy more – sources
October 7, 2016
Qatar won’t sell Deutsche Bank shares, might buy more – sources
Qatari investors who own the largest stake in Deutsche Bank do not plan to sell their shares and could consider…
Twitter shares plunge on report bidders are scarce
October 7, 2016
Twitter shares plunge on report bidders are scarce
TWITTER Inc shares plunged on Thursday as fears mounted that a much-anticipated auction of the social media company will draw…
India offers to fill gap in Egypt’s rice stocks
October 6, 2016
India offers to fill gap in Egypt’s rice stocks
The charge d’affairs of India’s embassy to Cairo A. B. B. Babu said on Wednesday that his country is ready…
Egypt stocks up on strategic commodities ahead of devaluation
October 6, 2016
Egypt stocks up on strategic commodities ahead of devaluation
Egypt said it plans to build a six month reserve of essential food items, adding to other recent purchases of…
Egypt to import 500,000 tonnes rice, 400,000 tonnes sugar to boost reserves
October 6, 2016
Egypt to import 500,000 tonnes rice, 400,000 tonnes sugar to boost reserves
Egypt will look to import 500,0000 tonnes of rice and 400,000 tonnes of sugar in order to boost strategic stocks…
Floating the pound: currency fix or economic disaster?
October 5, 2016
Floating the pound: currency fix or economic disaster?
The Egyptian pound has continued to lose value against the US dollar in the last few months, with black market…
Barclays sells Egyptian business to Morocco’s Attijariwafa Bank
October 5, 2016
Barclays sells Egyptian business to Morocco’s Attijariwafa Bank
Britain's Barclays has completed the sale of its Egyptian business to Morocco's Attijariwafa Bank as part of its shift towards focusing…
Oil hits highest since June on possible US inventory drop
October 5, 2016
Oil hits highest since June on possible US inventory drop
Oil rose towards $52 a barrel on Wednesday, hitting its highest since June, supported by an industry report that U.S.…
UK banks target eurosceptic ministers as ‘hard Brexit’ fears grow
October 5, 2016
UK banks target eurosceptic ministers as ‘hard Brexit’ fears grow
As Britain's banks brace for a "hard Brexit" that could sever their links with the EU market, they are changing…
IMF predicts consumer prices index at 18.2% in 2017
October 5, 2016
IMF predicts consumer prices index at 18.2% in 2017
The International Monetary Fund (IMF) has projected a rise in the Egypt's consumer price index (CPI) to 18.2 percent during…