World’s swelling debt calls for radical surgery
So much for deleveraging. Despite near-universal promises to reduce borrowing, global debt has escalated since the…
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financial crisis
US Federal Reserve to End Quantitative Easing Programme
The US Federal Reserve has called time on its $4.5 trillion (£2.8tn) quantitative easing programme, introduced more…
Citigroup Pulls Consumer Banks from Egypt and Other Markets
Citigroup Inc said on Tuesday it would exit consumer banking in 11 more markets, as the most international of the…
New Refinery Promises Some Relief to Egypt Fuel Crisis
Construction of Egypt's largest oil refinery, with capacity to produce half the volume of diesel currently being…
Bank Of America Fourth-Quarter Profit Rises As Bank Shakes Off Financial Crisis
Bank of America Corp said on Wednesday its quarterly profit surged by nearly $3 billion as revenue increased and…
Unrest in Egypt: Closed Tunnels Could Ruin Hamas
The smuggling tunnels in Sinai are essential for the economy of the Gaza Strip. But since the unrest broke out in…
Egypt Forex Reserves Affected By Imports, Gold Prices
The first drop in Egypt's foreign currency reserves in two months can be attributed to an exceptional forex auction…
EU Says Euro Zone To Shrink In 2013 As Unemployment Rises
The euro-area economy will shrink in back-to-back years for the first time, driving unemployment higher as…
Citigroup’s Posts $ 2.9 billion Profits for H1, 2012
Despite The ongoing financial crisis “European sovereign debt crisis” as well as the political tensions witnessed…
Dubai Property Group Close To Debt Deal
Limitless , the property arm of Dubai state-owned conglomerate Dubai World, is nearing a deal to restructure $1.2bn…
