Banque Du Caire scores EGP 201 million in Q1
By Islam Serour Banque Du Caire’s financial operations results for the first quarter of 2012 indicate a net profit of EGP 201 million, as opposed to EGP 44.9 million by…
South African miners mourn for dead, told to return to work.
Strikes continue in South Africa, following the death of 44 miners
Lagarde on IMF loan: No discussions over details
Presidential spokesman Yasser Ali: Morsy has officially requested to increase loan from $3.2 billion to $4.8 billion
‘Fiscal cliff’ plan will send US into recession: CBO
Washington (AFP) — The US Congress's budget analysts said Wednesday that current plans designed to slash the budget deficit after January 1 will plunge the country into recession and push…
Bailout request by Spain would not affect debt rating: S&P
Madrid (AFP) - Ratings agency Standard and Poor's said Wednesday that if Spain requested a full bailout from European Union rescue funds and the IMF, this would not affect the…
Currency exchange rates see relative stability after Eid El-Fitr break
By Waleed Abdel Azim The exchange rates of different currencies have stabilised during the Eid holiday and demand has not increased for any of the major currencies. The US dollar…
The EGPC issues new bid round for 20 blocks
By Islam Serour The Egyptian General Petroleum Corporation(EGPC) announced a new bid round for 20 blocks in the areas of the Eastern and Western Deserts exploration. Total investments according Hani…
Ministry of Electricity ready with third contingency plan
By Salah Elmenoufy The Ministry of Electricity (MOE) determined the new sites where it will implement its third contingency plan to meet the summer’s demand. Sources said that the plan…
Morsy to visit the US after Iran, China
In an attempt to enhance foreign ties, Morsy is set to visit Iran, China and the US