Bloomberg

Former UBS banker to represent Qatar on Deutsche supervisory board: sources
Middle East

Former UBS banker to represent Qatar on Deutsche supervisory board: sources

FRANKFURT (Reuters) – Juerg Zeltner, a former UBS (UBSG.S) manager, is set to become a member of Deutsche Bank’s (DBKGn.DE)…
Infographic: Egypt’s net foreign reserves up to $44.4 billion
Egypt

Infographic: Egypt’s net foreign reserves up to $44.4 billion

Egypt’s Cabinet announced in an infographic on Saturday that the country’s net foreign reserves have risen from US$20.01 billion in…
Egyptian pound sees one of fastest currency increases worldwide this year: Cabinet
Business

Egyptian pound sees one of fastest currency increases worldwide this year: Cabinet

Egypt’s Cabinet published on Sunday an infographic on the exchange rates of foreign currencies against the Egyptian pound from January…
Bloomberg: Egypt ranks second in 21 emerging economies worldwide
Business

Bloomberg: Egypt ranks second in 21 emerging economies worldwide

Bloomberg has listed Egypt’s economy as amongst the most flexible emerging economies in the face of threats of the global…
Egyptian-American Mohamed El-Erian appointed the new president of Queen’s College Cambridge
Egypt

Egyptian-American Mohamed El-Erian appointed the new president of Queen’s College Cambridge

Chief economic advisor at Allianz SE since 2000, Mohamed El-Erian of Egyptian heritage has been selected to head University of…
Egypt considers international bids to purchase 3 power plants
Business

Egypt considers international bids to purchase 3 power plants

Egypt is considering bids from Zarou, one of the companies owned by US investment firm Blackstone, and Malaysian company Edra…
Saudi miner Ma’aden considers $5 billion rights issue: sources, media
Middle East

Saudi miner Ma’aden considers $5 billion rights issue: sources, media

DUBAI (Reuters) – Saudi Arabian Mining Co (Ma’aden) is working with HSBC on a possible rights issue, two sources familiar…
Bloomberg reveals Uber’s plan to acquire rival Careem
Egypt

Bloomberg reveals Uber’s plan to acquire rival Careem

Uber, the ride-hailing giant, is currently working on a deal to buy out its Middle East rival Careem for US$1.4…
Egypt stock market among best 2019 performers: Bloomberg
Business

Egypt stock market among best 2019 performers: Bloomberg

The Egyptian stock market is among the most profitable markets in the Middle East since the beginning of this year, Bloomberg…
Billionaire Sawiris to invest in Venezuela right after Maduro’s exit
Business

Billionaire Sawiris to invest in Venezuela right after Maduro’s exit

Egyptian billionaire Naguib Sawiris declared his desire to invest in Venezuela once President Nicolas Maduro leaves his office, during a television…
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