Egypt Shares Gain EGP 1.3 bln at Open
Egypt’s stocks opened higher on Sunday posting gains worth EGP 1.3 billion. The capital market inched up to EGP…
Court Orders Bail For Steel Tycoon Ahmed Ezz
Cairo Criminal Court ordered the release of Egyptian business tycoon Ahmed Ezz on bail worth LE100 million on…
Egypt Cites 0.5% Drop in Tourists Flow in 8 Months
Egypt received around 7.25 million tourists in the first eight months of 2013, 0.5 percent less than the numbers…
Egypt.C.Bank Cuts Interest Rates By 50Pts for Second Time in Row
The monetary policy committee of the Central Bank of Egypt slashed the deposit rate and the lending rate by 50…
Qatar Changes Their Minds to Covert US$2 bln Deposit into Bonds: CBE
The Central Bank of Egypt (CBE), Governor Hisham Ramez, said Qatar has changed their minds regarding the agreement…
Verdict In Muslim Brotherhood Dissolution Case Set For 23 September
A Cairo court has scheduled 23 September for a verdict in a lawsuit demanding the dissolution of the 85-year-old…
Arab Contractors Wins $168mln Housing Projects In Algeria
Eng. Mohsen Salah, Chairman of Arab Contractors Co. said that his company signed contracts for establishing 4500…
IDB Plans To Issue Another $1bn Sukuk In 2014
The Islamic Development Bank (IDB) will not go to the international markets to raise funds through a US dollar…
Standard Chartered Bank Expands Regional Fund Services Capabilities
Standard Chartered announced today the expansion of fund services capabilities from its Regional Securities…
Qatar’s Islamic Banks On A Fast Track To Growth
The Qatari government's strategy to grow Qatar as an Islamic banking center means that it is highly supportive of…