Kuwait’s Global Investment Proposes $433 Mln Debt-For-Equity Plan
Global Investment House, the Kuwaiti investment firm undergoing its second debt restructuring in three years, will…
Univert 4.30% Down, NILEX Shares Mostly Flat; Sunday
On Sunday, the Egyptian Exchange of Small and Medium Enterprises (SMEs) – NILEX has witnessed unsteady performance…
Standard Chartered, Regulators In Settlement Talks
Standard Chartered is in talks with multiple law-enforcement officials, including New York's banking regulator, to…
Finance Ministry Allocates EGP 10 mln For Sinai Development Authority
Egypt's finance minister, Momtaz al-Saeed, said the main priority of the state's budget for the fiscal year…
New Barclays Chairman Seeks “Polymath” As CEO-Report
The incoming chairman of Barclays David Walker is looking for a "polymath" to fill the bank's vacant CEO post and…
Arab Ministers Meeting On Syria Postponed
The Arab League has postponed a meeting of Arab foreign ministers scheduled for Sunday to discuss the Syria crisis…
EDBE’s NPLs Hit EGP 820 Mln In H1
The Export Development Bank of Egypt’s (EDBE) portfolio of non-performing loans stood at EGP 820 million, out of…
Three Policemen Killed In Car Accident In Sinai
Egypt's state news agency MENA says three policemen have been killed and four others injured when their car turned…
Suez Cement Says H1/2012 Net Profits Fall 35.4%
Suez Cement (SUCE.CA) has reported consolidated profits of EGP 266.391 million during the first half of…
Saudi Rises On Hospitality, Bank Stocks
Saudi shares soared on Saturday led by gains in the banking and hospitality sectors to close at 6,987 points. The…