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…
Browsing Tag
financial crisis
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…
Eurozone Jobless Rate Hikes
New data released by the European Union show that the unemployment rate in the eurozone hit a record high of 11.1…
Britain in Recession Again
Britain's economy has fallen into its second recession since the financial crisis after a shock contraction at the…
UAE’s Real Estate Transactions Increase by 5%
The Abu Dhabi Municipality announced that total real estate transactions -covering both mortgage and sales- reached…
50-60 U.S. Banks Expected To Fall This Year
The number of U.S. bank failures is expected to drop this year to about 50 to 60 institutions as the industry…
Mervyn King: Banks still deny their failure
The Governor of the Bank of England has launched a fresh attack on Britain’s banks, claiming that they are in…
Government pays LE4.250 bn, rest of the contractors’ dues
Engineer/ Abd El Nasser Aglan, PR manager of Egyptian Federation for Construction and Building…