High Oil Price Not Justified By Market Fundamentals: Saudi Minister
Saudi oil minister Ali al-Naimi said on Monday the high price of crude was not justified by market fundamentals,…
CBE: $4 bln Foreign Sales Of T-Bills In FY 2011-12
Central Bank of Egypt (CBE), said the volume of the foreign investments that existed in the market during the…
Industrial Development Bank To Ask For Islamic Banking License
The Industrial Development and Workers Bank of Egypt considers asking the Central Bank of Egypt (CBE) for a license…
Cairo To Remove Street Vendors To Ease Traffic Jams
Egypt’s new government launched a campaign across the capital Cairo to relocate street vendors in bid to ease the…
Middle East Investors Make Bid To Buy Portsmouth Football Club
A group of investors from the Middle East have made an offer to buy English football club Portsmouth, Arabian…
EGX 30 Surges 0.38%, Citadel Capital 2.23% Up; Early Tuesday
During Tuesday opening session, the Egyptian Exchange (EGX) has posted early gains of EGP 1.5 billion as the…
New Conditions For Insurance Brokers To Be Applied
Adel Shaker, chairman of the Egyptian Insurance Brokers Association (EIBA), said a committee will be formed of…
Dollar Eases, With Fed, German Ruling In Focus
The U.S. dollar eased against major global currencies on Tuesday, reflecting caution ahead of this week’s Federal…
Gold Futures Edge Higher Ahead Of Fed
Gold futures moved modestly higher Monday during Asia trading hours, ahead of a possible bond-buying announcement…
Oil Futures Slip Ahead Of Inventory Data
Benchmark U.S. crude-oil futures slipped in Asian trading hours on Tuesday, as investors held back ahead of a…