Business
Study: Islamic banks grow but may miss out on global footprint
December 2, 2014
Study: Islamic banks grow but may miss out on global footprint
Islamic banking is growing faster than its conventional counterpart but is focused in a few core markets and risks missing…
Gulf markets stabilize after panic sell-off, while Egypt down
December 1, 2014
Gulf markets stabilize after panic sell-off, while Egypt down
Gulf stock markets steadied and some rebounded on Monday after tumbling a day earlier in response to a plunge in…
Suez Canal Bank ready to exchange yield on 3-month certificates from new project
December 1, 2014
Suez Canal Bank ready to exchange yield on 3-month certificates from new project
The Suez Canal Bank, one of the banks issuing investment certificates for the new Suez Canal project, is ready to…
Egyptian pound steady at official auction, weakens on black market
December 1, 2014
Egyptian pound steady at official auction, weakens on black market
Egypt's pound held steady at a central bank dollar sale on Monday but weakened on the unofficial market.The bank offered…
Ministry: Egypt’s budget deficit reaches LE84.5 billion in July-October 2014/15
December 1, 2014
Ministry: Egypt’s budget deficit reaches LE84.5 billion in July-October 2014/15
Egypt's budget deficit almost stabilized during July-October 2014/2015 to 3.6 percent reaching LE84.5 billion, compared to 3.7 percent (LE74.6 billion)…
Minister: Trading T-Bond in EGX
December 1, 2014
Minister: Trading T-Bond in EGX
Investment Minister Ashraf Salman said that the government, Finance Ministry and the stock market are in negotiations over trading the…
Gulf markets bleed after OPEC lets oil slide, Egypt steady
November 30, 2014
Gulf markets bleed after OPEC lets oil slide, Egypt steady
Gulf stock markets plunged to milestone lows in a panic sell-off on Sunday after OPEC's decision to keep crude output…
Kellogg raises stakes in bidding war over Egypt’s Bisco Misr
November 30, 2014
Kellogg raises stakes in bidding war over Egypt’s Bisco Misr
Kellogg Co raised its bid on Sunday for Egyptian cake and biscuit maker Bisco Misr , intensifying a bidding war…
Minister: Regulations of amendments to new real estate tax law concluded
November 30, 2014
Minister: Regulations of amendments to new real estate tax law concluded
Officials have concluded the executive regulations of amendments to the new real estate tax draft law, says Finance Minister Hany…
Minister: Egypt, Kuwait to establish council for mutual cooperation
November 30, 2014
Minister: Egypt, Kuwait to establish council for mutual cooperation
Egypt and Kuwait have signed an agreement for trade and industry cooperation, and are eyeing a bilateral cooperation council that…