Masry USD Certificates yield disappointing earnings to NBE
Sources at National Bank of Egypt (NBE) estimated the cumulative sales of the Masry USD Certificate, which was issued to attract the investment of Egyptians living in the Gulf, at…
Five killed in Iraq attacks
A roadside bomb and a drive-by shooting killed five and injured another five on Sunday, reported the Associated Press. The bomb reportedly killed three police officers in Jurf Al-Sakhar, a…
Asian markets hit by weak China trade data
Hong Kong — Asian markets mostly fell Friday as weak Chinese trade data reinforced concerns of a slowdown in the world's number two economy, while profit-taking after a week-long rally…
British economy struggles to secure golden Olympics boost
London (AFP) — With the London Olympics set to wrap up Sunday, analysts said Britain's recession-hit economy was unlikely to have won a major boost from the Games that have…
SMEs receive support from Social Fund for Development
By Waleed Abel Azeem The National Bank for Development (NBD) is awaiting approval for an EGP 150 million grant from the Social Fund for Development Fund (SFD), according to Ahmad…
Under the weight of sanctions, Iran hit by earthquakes
Disaster comes as country already suffering under the weight of international sanctions
Qatari loan to Egypt secured
By Islam Serour President Mohamed Morsy announced Sunday a $2 billion loan from Qatar to the Central Bank of Egypt (CBE), after meeting with the Qatari Emir Sheikh Hamad bin…
Prison break out in Tripoli
According to reports in the Tripoli Post, a riot and gun battles broke out in Al-Fornaj prison in Tripoli. During the fighting, eight prisoners escaped custody. There were also six…
