Business
Al Mal GTM holds conference on regulatory reform of non-banking financial services
February 17, 2014
Al Mal GTM holds conference on regulatory reform of non-banking financial services
In cooperation with the Financial Supervisory Authority and the Egyptian Stock Exchange, Al Mal GTM is holding the first conference…
Gold prices rise to highest level in three months
February 14, 2014
Gold prices rise to highest level in three months
Prices of gold went up by 0.5 percent on Thursday, the highest level in three months, following disappointing information about…
Stock market earns LE1.9 bn
February 13, 2014
Stock market earns LE1.9 bn
Stock indices rose collectively by the end of Thursday’s session amid investor optimism about Russia supporting the nomination of Sisi…
Three agreements signed to excavate oil and natural gas with US$265 million investments
February 13, 2014
Three agreements signed to excavate oil and natural gas with US$265 million investments
Petroleum Ministry signed on Tuesday three new agreements on excavating petrol and natural gas in maritime areas north and east…
Egypt’s ratings stabilize but rapid recovery unlikely, according to Fitch
February 13, 2014
Egypt’s ratings stabilize but rapid recovery unlikely, according to Fitch
Egypt’s economy will take over two years to recover from the upheavals following its January 2011 revolution, international credit rating…
Bangladesh government proposes 50% cut in international termination rates to tackle illegal calls
February 13, 2014
Bangladesh government proposes 50% cut in international termination rates to tackle illegal calls
Beltone Financial stated that Global Telecom subsidiary in Bangladesh Banglalink has been negatively impacted by the decision of Bangladesh’s Ministry…
Beltone: CIB 2013 4th quarter earnings miss estimates
February 12, 2014
Beltone: CIB 2013 4th quarter earnings miss estimates
Beltone Financial stated that Commercial International Bank (CIB) earnings were 11 percent short of their estimate on higher-than-expected provisions, yet…
30% of Egypt’s first stimulus package has been spent
February 12, 2014
30% of Egypt’s first stimulus package has been spent
After five months of adopting its first economic stimulus package, which amounted to LE29.6 billion, the interim government has expended…
Egypt debts in highest record in country’s history by 2013 end
February 12, 2014
Egypt debts in highest record in country’s history by 2013 end
Egyptian debt has reached a new high record of LE1,865 billion at the end of December 2013, up from LE1,709…