Egypt 7-day deposits average yield steady at 8.279 pct
CAIRO: The weighted average yield at a 7-day deposit auction was 8.279 percent, compared with 8.276 percent at last week's auction, Egypt's central bank said on Tuesday. The bank had…
Hamas denies reports that Egypt has severed relations with it
CAIRO: Hamas has denied reports emanating from Cairo that Egypt has severed relations with the Islamist group, but stated its objection to recent practices against the blockaded Gaza Strip. Hamas…
Egypt to rule on status of men married to Israelis
CAIRO: A court in Egypt is to rule next month on whether Egyptian men married to Israeli women are to be stripped of their citizenship, a judicial source told AFP…
Egypt index gains on CIB strength
CAIRO: Egypt's main index, EGX30, still tied to international markets, endED 1.8 percent higher on the back of heavyweight Commercial International Bank's (CIB) gains. CIB, seen as a defensive stock…
Egypt to rule on status of men married to Israelis
CAIRO: A court in Egypt is to rule next month on whether Egyptian men married to Israeli women are to be stripped of their citizenship, a judicial source told AFP…
Iraq's oil exports in April down 4.3 percent
BAGHDAD: An Iraqi official says oil exports have dipped in April by 4.3 percent compared to March due to continued insurgent attacks on infrastructure. Oil Ministry spokesman Assem Jihad says…
Saudi banks back to 'normal business' this year: cbank
RIYADH: Saudi banks will resume "normal business" this year after difficult conditions following the global downturn forced local lenders to increase provisions in 2009, the central bank governor said on…
IIF expects 4.4 percent Gulf economic growth in 2010
DUBAI: Growth in the oil-rich Gulf Cooperation Council states is expected to rise to 4.4 percent in 2010 and 4.7 percent in 2011, the Institute of International Finance (IFF) said…
Too soon for OPEC to act on prices: Libya
TRIPOLI: OPEC members will watch the market before deciding on any action over the drop in oil prices, Libya's top energy official told Reuters. Shokri Ghanem, the head of Libya's…
Iran awaits swift response to nuclear swap deal
TEHRAN: Iran said on Tuesday it expects a swift response from world powers on an accord to ship much of its low enriched uranium to Turkey, as UN Security Council…