Embattled Constituent Assembly ‘will not rush’ the drafting of the Constitution
A critical court case that threatens to dissolve the Constituent Assembly for a second time looms over the body tasked with drafting the nation’s constitution
Cracks deepen in Tunisia’s coalition leadership over resignation
Finance Minister Hussein Dimassi cites Ennahda nepotism as reason for resignation
Spanish unemployment nears 25%
Madrid (AFP) - Spanish unemployment is now near one quarter of the workforce, fuelling fears the country might need a costly bailout as the IMF issued its latest report on…
Summer Ramadan yields adverse impact on banks
By Asmaa Nabil With the arrival of Ramadan during the summer, several bank divisions are expected to suffer from a period stagnation, in contrast to the usual stability of this…
Iran to cut spending to help sanctions-hit economy
Iran agrees on a budget cut, to overcome the western sanctions.
Germany, France vow to do ‘protect eurozone’
Berlin (AFP) — The leaders of Germany and France threw their political support Friday behind ECB chief Mario Draghi's vow to do "everything" to protect the eurozone, after another brutal…
Ministry of Electricity finalises contracts for new power station in Banha
By Salah El-Monoufy The Yokogawa Company won a supply and installation contract for information control and transfer systems for the Banha electricity project worth EGP 10 million. A coalition of…
Banks regain confidence in construction materials market
Banks willing to finance the stagnant construction materials sector
Banks lend more attention to financing the private sector
The significant reduction in bank loans to the petroleum and electricity sectors has opened up the chance for other economic sectors in need of financing.
GM Egypt investments $10 million to manufacture the Chevrolet Move in Egypt
General Motors Egypt celebrates its $10 million investment to manufacture Chevrolet Move.