Latest Economy News
Expert: Downgrade timing casts doubt over IMF negotiations
New credit rating one level above Cyprus and below Greece and Pakistan
Central Bank receives $3bn Qatari deposit for bonds
Bonds to mature in three years with 3.5% interest rate
Egyptian National Railways seeks China cooperation to purchase 700 train cars for $570m
A source from within ENR stated that Zakaria received a surprise invitation…
Egyptian Central Bank announces key interest rates will not change
Egypt’s Central Bank recently announced on its website that key interest rates…
Investment Minister: Budget deficit 11.5% of GDP for the 2012-2013 fiscal year
The European Bank for Reconstruction and Development recently stated that: “Egypt’s budget…
Gold tumbles 1.5% as dollar prices rise
Future trading in the COMEX division of the New York Mercantile Exchange…
Egyptian government asks Turkey for help to revive economy
Discuss use of $1bn Turkish aid, two countries to develop an industrial…
Cleaner Saudi Yanbu refinery back online
There has been a shift in Middle Eastern refineries to produce cleaner…
Amplats axes 6,000 jobs in South Africa
Profits were obliterated by a higher wage bill and increased electricity costs.