Organisations condemn hate speech towards Syrian and Palestinian refugees
Nine human rights organisations criticised media outlets and figures for inciting against Syrians and Palestinians in Egypt
Analysts debate conversion of gulf lifelines to bonds
Meanwhile, former finance minister Momtaz El Saeed said that a conversion is unlikely to yield any positive outcome if it is not allocated towards national projects.
Fitch Group’s new credit downgrade of Egypt does not take into account recent aid received from the Gulf
The analysts stated that the recent downgrade would not have a large affect on Egypt’s banking sector, adding that the value of stock for some banks may decrease as a…
Ministry of Antiquities calls for independence
Ministry launches petition campaign to separate from culture ministry to “safeguard Egyptian heritage”
Conflicting Reports regarding Egypt’s wheat supply
Former members of Morsi’s government claim the country will need to import wheat in 2 months, yet many officials claim the reserves can last 5 months
Oil extends losses on profit-taking
WTI hit a 15-month high of $107.45 in New York on Thursday and Brent reached $108.93.
Centamin announces robust gold production in new mine
Centamin produced 93,624 oz of gold for the second quarter in 2013, ending in June, bringing the total production so far to 180,640 oz.
Rafah border crossing partially reopened
Crossing was closed for several days after the ouster of former president Mohamed Morsi
