Banks Russia to spend $35bn on Economy Plan Administrator Jan 29, 2015 0 The Russian government is to spend at least 2.34 trillion roubles ($35bn, £23bn) to try to stave off an economic…
International News IMF Cuts Global Growth Outlook, Calls For Accommodative Policy Amwal Al Ghad English Jan 20, 2015 0 The International Monetary Fund lowered its forecast for global economic growth in 2015, and called on Tuesday for…
International News Fitch Cuts Rating On Russia To ‘BBB Minus’ Amwal Al Ghad English Jan 10, 2015 0 Fitch Ratings cut its rating on Russia to 'BBB minus' from 'BBB', citing significant deterioration in the country's…
Industry & Trade Egypt Cuts Natural Gas Subsidies To Factories Amwal Al Ghad English Jul 7, 2014 0 Egypt slashed its natural gas subsidies to several industries increasing gas prices by 30-75 %, part of a broad…
International News Lufthansa Cuts First Class Seats, Ousts Air-Miles Hunters Amwal Al Ghad English Nov 16, 2013 0 Deutsche Lufthansa AG (LHA) said sales of first-class tickets have risen more than 10 percent following a revamp of…
Banks World Bank Cuts China, East Asia Growth Forecasts Amwal Al Ghad English Oct 7, 2013 0 The World Bank lowered its 2013 and 2014 economic growth forecasts for China and most of developing East Asia on…
Tech news Siemens Cuts 15,000 Jobs In Six Billion Euro Savings Drive Amwal Al Ghad English Sep 30, 2013 0 Siemens is to shed 15,000 jobs over the next year, a third of them in Germany, as part of a 6 billion euro ($8.1…
Banks Egypt.C.Bank Cuts Interest Rates By 50Pts for Second Time in Row Amwal Al Ghad English Sep 22, 2013 0 The monetary policy committee of the Central Bank of Egypt slashed the deposit rate and the lending rate by 50…
International News Greeks Strike Against Public Sector Cuts, Protests Gather Steam Amwal Al Ghad English Jul 16, 2013 0 Trains ground to a halt and hospitals worked with emergency staff as Greek workers went on strike on Tuesday in…
MENA News Moody’s Cuts Tunisia’s Rating To Ba2, Cites Political Instability Amwal Al Ghad English May 30, 2013 0 Moody's Investors Service on Wednesday cut Tunisia's sovereign credit rating to Ba2, citing political uncertainty…