Dubai to challenge London with Islamic financing platform
Reuters - Dubai will compete with London for a share of Islamic banks’ liquidity management business by offering a new platform for murabaha trading. Many Islamic banks around the world…
Muslim Brotherhood responds to British terrorism probe
Egyptian government praised the investigation into the Brotherhood’s “philosophy, activities and impact”, while Brotherhood condemned “coup” government’s efforts to “falsify facts”
Minister of Planning in Athens to discuss EIB’s Mediterranean investment strategy
To date, Egypt has received €6bn for the European Investment Bank
Fahmy speaks at International Conference for the Prevention of Genocide
Foreign minister encourages “maximum efforts to avoid sectarian conflict”
Apple, Samsung trade barbs as $2bn patent trial opens
Apple’s legal team vowed to prove that Samsung flagrantly copied iPhone features and should pay more than $2bn in damages, as the two smartphone giants squared off anew in a…
Egyptian foreign reserves edge up in March: Central Bank head
Reuters - Egypt’s foreign reserves rose to around $17.42bn in March from $17.307bn in February, central bank governor Hisham Ramez said, edging further away from critical lows they hit last…
Red Sea Ports Authority announces new development plans
Projects aim to increase investments at the Egyptian ports
Egyptian pound weakens at Central Bank dollar sale
Dollar shortages have been fuelling a thriving black market.
Mobile licence offered to Telecom Egypt for $360m: Ministry
It has been waiting to launch a new mobile operation that would complement an existing joint venture with Vodafone and compete with the sector’s two other players.
Smartcard company complains of delay In Egyptian subsidy cut scheme
Fuel subsidies account for a fifth of state spending, but one cash-strapped government after another has resisted attacking the wasteful system, fearful that raising fuel prices could spark unrest.