Nasr Abdeen: Islamic President Would Harm Egyptian Economy
Mohamed Nasr Abdeen, CEO of Union National Bank Egypt, said “Winning of any Islamist candidate in the presidential…
UAE Central Bank Changes Banks Exposure Limits Rules
A circular released by the UAE Central Bank earlier this month amending large exposure limit rules and introducing…
Saudi Arabian Regulator investigates Banks For Violations
The Saudi Arabian Monetary Agency (SAMA) is investigating local banks for tampering with the terms of Saudis’…
Apple Hires 500 Employees in Ireland
Apple is to hire 500 people in Ireland in the latest boost to the indebted euro zone country's multinational…
Euro Reaches 2-Week High Against Dollar On German Outlook
The euro touched its strongest level in two weeks versus the dollar after German business confidence unexpectedly…
Four Greek Banks Lose $37 Bln On Debt Restructuring
Greece’s four biggest banks reported a combined loss of 27.9 billion euros ($36.9 billion) for last year after…
KSA Tops the List of Exporters to Arab Countries
Saudi Arabia topped the list of countries exporting to other Arab countries valued at $7.9 billion in 2011,…
Expats represent the Economic Backbone of Egypt
Egypt's diaspora, which represents about 6 million living across the world, has remained the backbone for the North…
European Stocks Advance as Spanish Debt Sale Demand Hikes
European stocks gained the most in more than two weeks as demand increased at a Spanish debt sale, German investor…
Egypt Needs £7.5 Billion Bail-Out To Avoid Bankruptcy; EU Officials
North Africa's biggest economy has imploded since a democratic uprising last year and the country will run out of…
