Egypt’s own instability worsens its blow from creation of South Sudan
CAIRO: The negative repercussions, longed feared by Egypt if South Sudan became an independent state, are likely to worsen due to Egypt’s current political and economic turmoil. For Egypt, the…
Mubarak trial may scare Arab rulers, placate Egyptians
CAIRO: Egypt's fallen leader, Hosni Mubarak, goes on trial on Wednesday over his role in killing protesters, in a stark message to Arab rulers elsewhere that they too may…
Political powers gear up for Ramadan, prepare for elections
CAIRO: Political parties are implementing special programs for Ramadan expressing fears that the Islamic stream might use the holy month to amplify its influence. Planned activities include public…
NBD offers new Sharia-compliant financing
CAIRO: Egypt’s National Bank for Development (NDB), in collaboration with Abu Dhabi Islamic Bank (ADIB), launched a new Sharia-compliant service that can help customers finance their education or travels with…
Report finds optimism towards Egypt’s financial future
CAIRO: Results from a recent Consumer Confidence Index survey show that Egyptians hold an optimistic view of their personal financial future, as well as a positive outlook for the country’s…
Dana Gas says has not received payment for gas in Egypt
DUBAI: UAE energy firm Dana Gas has not yet received payment for gas delivered in Egypt, it said in a statement on Tuesday. In May, Dana's management reported delayed payments…
Mubarak trial drags EGX30 to 12-week low
CAIRO: The start of former Egyptian president Hosni Mubarak's trial on Wednesday renewed political jitters, pushing the benchmark index to its lowest close since May 10. The ousted president is…
Centamin Egypt cuts gold output forecast, shares plunge
LONDON: Gold producer Centamin Egypt has cut its output forecast for 2011 after announcing lower than expected production in the second quarter due to local restrictions on blasting pushed its…
Long ignored, female entrepreneurs are key players in the region’s financial future
In the wake of recent events in the Middle East and North Africa, the need for jobs cannot be overemphasized. Entrepreneurship is vital to job creation and economic development and…
Egypt says tourism recovering, reserves adequate
CAIRO: Egypt's finance minister said on Tuesday that tourism was showing signs of recovery and the country's foreign reserves of about $26 billion were adequate although it could tolerate a…
