IGA Is Delaying EFG Hermes-QInvest Deal; Sources
The Egyptian Illicit Gains Authority (IGA) has sent a notice to Egypt’s financial regulator (FSA) asking not to…
CBE Offers US$ 40 Mln To Local Banks On Wednesday
The Central Bank of Egypt (CBE) offers on Wednesday US$ 40 million to local banks at its 45th FX auction and the…
Iran’s President Urges Boosting Ties With Burundi
Iran's President Mahmoud Ahmadinejad called for enhanced collaboration between the Islamic republic and the…
Egypt’s NSGB First-Quarter Net Profit Rises 32 Pct
Egypt's National Societe Generale Bank, which is being bought by Qatar National Bank , posted a 32 percent rise in…
“Very Possible” Egypt Will Ask For Bigger IMF Loan –Minister
Egypt might ask the International Monetary Fund (IMF) to increase its previously requested $4.8 billion loan to…
Egypt’s Urban Consumer Inflation Eases To 7.6 Percent In March
Egypt's urban consumer inflation eased to 7.6 percent in the 12 months to March, from 8.2 percent in the 12 months…
Banque Misr Defers Launching New Fund To End Of 2012
Banque Misr delayed launching a new fund, which will invest in fixed income instruments, to the end of this year.…
Stock Surge Lifts Dow To Record-High Close
U.S. stock indexes rose on Tuesday, lifting the Dow Jones Industrial Average to a record high, as Wall Street…
Dollar Hesitates With ¥100 Level In Sight
Japan’s currency gained modestly against the U.S. dollar Wednesday, with the greenback taking a breather on its…
Oil Prices Fall As Weekly Crude Supplies Jumpa
Crude-oil futures fell in electronic trading Wednesday, with a jump in weekly crude supplies adding to concerns…