Banking Sector a Possible Bright Spot for Egypt
Depending on whom you talk to, Egyptian bankers deserve either garlands for the prudential way they avoided…
GB Auto Sees 20-30% Sales Rise In 2012
GB Auto (AUTO.CA) announced that it expects a rise ranging between 20% and 30 % in its sales during FY 2012,…
Kafr El-Dawwar to Receive EGP 960 mln Investments
The industrial zone in Kafr Al-Dawar gets ready for investments with EGP 960 million costs, after announcing Dr.…
OT Resumes Arbitration Procedures against Algerian government in 2 Months
Orascom Telecom Holding (OTH) (ORTE.CA) says it will be completing procedures necessary to submit a formal notice…
EMRC In Talks To Increase Capital By EGP 5 Mln
Egyptian Mortgage Refinance Company (EMRC) will be discussing next week raising its capital by EGP 5 million, which…
US Concerns Egyptian Junta “Sweeping Powers”
The United States has urged Egypt's military to move swiftly on plans to transfer full power to an elected civilian…
Crude Oil Pares Losses On Europe Market Gains
Crude-oil prices eased in electronic trading Tuesday, but pared earlier losses as the Spanish government managed to…
Europe Shares Mostly Up, Await German Investor Sentiment
European shares pushed mostly higher on Tuesday, with resource shares providing support, while food stocks fell.…
S&P Warns Italy’s MPS Bank From A Rating Cut
Italy's third-largest bank, Monte dei Paschi di Siena, must quickly plug a capital shortfall to fend off the threat…