M&A transactions with Middle Eastern targets reach $14.7bn in H1 2013
Russell Haworth, managing director, Middle East & North Africa at Thomson Reuters, said: “The value of announced M&A [mergers and acquisition] transactions with Middle Eastern targets reached $14.7bn during the…
Trade deficit shrinks 25% in March
Meanwhile, imports fell 7.8% year on year to EGP 35.8bn due to the decreasing prices of some goods like wheat, corn, chemical products and wood. In March of last year,…
Post-Morsi economy: bullish or bearish?
Many domestic businessmen, however, disagree; a number have already expressed optimism since the ousting of former president Mohamed Morsi on 3 July, citing a mostly-gaining stock exchange benchmark index, a…
Potential economic ministers in Egypt’s interim government
Egypt’s ailing economy a deciding factor in shaping interim government, led by former Finance Minister and his aid, economist Zeyad Baha El-Din Daily News runs briefed profiles of potential heads…
In Pictures: Monday night clashes in Cairo
Egyptian security forces clashed with supporters of ousted president Mohamed Morsi overnight, leaving seven people dead
Assets of Brotherhood leaders blocked
New bourse head says number of individuals subject to blocked accounts on the rise
Domestic debts rise an alarming 27% in Q3 2012/2013
Debt has risen unprecedentedly since March 2012, reaching EGP 1.089tn, or 80% of the nation’s GDP, the Ministry of Finance said in a report published in March 2012.
In Pictures: Walls of Freedom documents Egyptian street art
Walls of Freedom, an upcoming book co-edited by Basma Hamdy and Don Karl, documents the rise of graffiti as a prominent platform for expression during the recent period in Egypt.…
Political change in Egypt: A chance for the people, but also for wildlife
By Bradnee Chambers Political instability brings economic hardship, social upheaval and human suffering in its wake, with sometimes devastating impacts on the environment. The excessive trapping of migratory birds is…