South African Presidency defends IMF Investment
South Africa's presidency on Wednesday defended the country's move to invest two billion U.S. dollars in the…
Nokia to Maintain its Investments In China
Despite Nokia Corp.'s NOK -1.58% plans to cut jobs and streamline operations worldwide, the company won't…
AUB Named “Best Bank In The Middle East” By Euromoney
Ahli United Bank has been named "Best Bank in the Middle East" by leading international finance magazine Euromoney.…
S Sudan Finance Minister Outlines 2012/13 Budget
South Sudan’s finance ministry presented a 2012/13 budget that aims to slash state spending, boost tax revenues and…
3 New Companies Enters Egyptian Insurance Market By New Fiscal Year
Suez Canal Life Insurance, Delta Life Insurance and Takaful Company will be starting their activities by the…
Kuwaiti Court Dissolves Parliament
Kuwait’s constitutional court ruled on Wednesday that a parliamentary election held in February was void and…
South African Cities Are the Most Competitive in Africa – EIU Report
A new Economist Intelligence Unit (EIU) research report, commissioned by Citi, reveals that Johannesburg and Cape…
Egyptian Pound Bid At 7-Year Weakest To US Dollar
Egypt's pound was bid at 6.0507 to the U.S. dollar on Wednesday, its weakest in more than seven years, following a…
Greek Parties Approve on Coalition Govt
A deal has been struck to form a New Greek coalition government, say the parties involved. Antonis Samaras of New…
EGX30 Closes Above 4100 Pts, OTMT 2.34% Up: Wednesday
During Wednesday closing, the Egyptian Exchange (EGX) had posted gains of 838 million as the capital market has…