Yen exerts safe-haven pulling power amid Brexit, Italian budget worries
The Japanese yen, a safe haven in uncertain times, firmed against the dollar on Tuesday, as the euro and sterling…
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Budget
Draghi tells Rome not to expect an ECB rescue if budget talks fail
European Central Bank President Mario Draghi is sending a warning message to Rome ahead of its formal budget…
Egypt’s fuel subsidy bill rises 1 bln pounds in Q1-FY2018/19
Egypt’s fuel subsidy bill hiked by nearly one billion Egyptian pounds ($55.7 million) during the first quarter of…
European stocks to open higher as Italy budget tensions rumble on
European stocks are expected to open higher Tuesday, despite ongoing friction between Italy and the European Union…
Egypt’s fuel subsidies to exceed 100 bln pounds in FY2019
Egypt’s fuel subsidy will reach more than 100 million pounds within the financial year 2018/2019 budgeting, said a…
UK finance minister brings forward budget plan to Oct 29
British finance minister Philip Hammond announced on Wednesday he will deliver his autumn budget statement on…
Euro drops amid rumours Italy’s populists seek even higher spending
The euro is under pressure during Thursday morning trade after media reports suggested that Italy's coalition…
Egypt on track to execute 12 residential towers in New Mansoura
Egyptian government’s New Urban Communities Authority (NUCA) says it has started executing 12 residential towers in…
Egypt to reduce public debt to 92% of GDP in FY2019
Egyptian Finance Minister Mohamed Maait said the country will reduce its public debt to 92 percent of the GDP in…
Bahrain’s Al Baraka bank seeks to up its Egypt unit budget in 2020
Bahraini Islamic lender Al Baraka Group plans to increase the budget of its Egyptian unit to 100 billion Egyptian…
