S. Korea’s economic health hinges on political stability
South Korea's central bank governor said on Thursday the key factor for the health of Asia's fourth-largest economy…
Browsing Tag
political turmoil
BOK floods market with liquidity amid political turmoil
The Bank of Korea (BOK) has significantly increased its liquidity injections into the financial market to stabilise…
Libya closes 4 oil ports due to predicted typhoon
Libya will close on Saturday four major oil ports including Ras Lanuf, Zueitina, Brega and Es Sidra for a period of…
Egypt’s Travco expects sector recovering as tourists return
One of the biggest Egyptian travel companies, Travco Group, said on Tuesday that hotel bookings are rising as…
European markets close lower amid political turmoil; Italy’s FTSE MIB down 3%
European markets were hit hard on Friday, as investors reacted to political turmoil in Europe and overseas.
Euro prices win reprieve as Italy moves to ease political turmoil
Euro prices won a reprieve on Thursday, holding on to the strong gains it made on Wednesday, as Italian leaders…
Sterling steadies before Brexit debate, US yields prop up dollar
Sterling was flat on the day at $1.3115, nursing losses after it skidded in the previous session against a…
Egypt Tourist Numbers Jump 70% in Q3 Despite Sinai Insurgency
A total of 2.77 million tourists visited Egypt in the third quarter of 2013, official figures show, and a jump of…
Egypt’s Sisi Heads to Rome on First European Visit
Egyptian President Abdel Fattah al-Sisi left for Rome Monday on his first European trip since ousting his Islamist…
Egypt Raises Fuel Prices by Up to 78% from Midnight -Ministry Source
Egypt will raise fuel prices in ranges that reach up to a 78 percent hike starting midnight, an Oil Ministry source…
El-Sisi Meets with World Economic Forum Head in Build-up to Presidency Bid
Egypt's former army chief and presidential contender Abdel-Fattah El-Sisi met on Monday with the visiting head of…
Egypt Covers All Dollar Backlogs for Foreign Investor Repatriations
Egypt's Central Bank said on Tuesday it had covered the entire backlog of dollars owed to foreign investors seeking…
Egypt Investors Believe Sisi Presidency Will Bring Stability
Egyptian Army chief Field Marshal Abdel Fattah al-Sisi may not look like a model democrat, but foreign and local…
Egypt’s EFG-Hermes Seeks More Investment Banking Revenue from Abroad
EFG Hermes (HRHO.CA), Egypt's largest investment bank, wants to secure 60 percent of its investment banking revenue…
Egypt to Miss GDP Growth Target This Fiscal Year, El-Araby Says
Egypt’s economy is likely to grow less than the government’s target of at least 3% because of political turmoil,…
Egypt’s Sisi Gives Clearest Sign He Will Run for President
Egypt's armed forces chief, Field Marshal Abdel Fattah al-Sisi, has said he cannot ignore calls by the majority for…
Egypt Central Bank Keeps Key Interest Rates on Hold
Egypt's central bank left official interest rates on hold on Thursday, as it tries to stimulate…
Egypt Sees 33% Rise in FDI during 2013/2014
Egyptian Investment Minister said Monday net foreign direct investment in Egypt is expected to rise by a third to…
Egypt Says to Complete $1.5 bln Payment to Oil Firms This Week
Egypt will complete payment this week of $1.5 billion of the $6.3 billion it says it owes oil firms, a state…
Iskan Insurance Plans Capital Hike to EGP150 mln in FY2014/15
Iskan Insurance Company is planning within the coming fiscal year 2014/2015 to further increase its issued capital…
EBRD Steps up Lending to Arab States Hit by Unrest
The European Bank for Reconstruction and Development (EBRD) aims to invest up to 800 million euros next year in key…
S&P Raises Egypt Ratings to B- from CCC+
Standard & Poor's Ratings has raised its sovereign credit ratings for Egypt to 'B-/B' from 'CCC+/C', saying it…
Egypt Business Activity Shrinks for 13th Month in Row, HSBC Says
Egyptian business activity shrank for the 13th month in a row in October but at a much slower rate, suggesting the…
Curfew in Egypt to Be Lifted on 14 November: Minister
Egypt's Minister of Higher Education Hossam Eissa announced Saturday that the curfew will be lifted on 14 November,…
U.S. to Go Ahead With Joint Military Exercise in Egypt
The United States still plans to hold a major military exercise called Bright Star in Egypt in mid-September,…
Egypt Upheaval Mars Hopes Of End To Economic Woes
Egypt's shattered economy was boosted this week by Gulf allies pledging billions of dollars in aid, but analysts…
Plants Shut On Egypt’s 2nd Revolution, Investors’ Fears Mount
Mohamed Fathy, Head of Abu Rawash Investors Association, said the conditions in the industrial zone are getting…
Saudi Arabia, Egypt Sign $1.6bn Power Deal
Saudi Arabia and Egypt yesterday signed a six billion riyal ($1.6bn) agreement to link their electricity grids, a…
Insurance becomes Animated at times of Crises – Business Results not affected by Political…
We acquire 19.9% of the Market Share for Non-Life Insurance –3.7% for Life Insurance Volume of Allianz's…
Egypt’s Christian Pope Blasts Islamist President
The leader of Egypt's Coptic Orthodox Church on Tuesday blasted the country's Islamist president…
Al-Kharafi: Egypt Is The Best Arab Country Attracts Investments
Jassem Al-Kharafi, the former Chairman of the Kuwaiti National Assembly, said Egypt is the best Arab country in…
Egypt Loses Bid For Importing Home Furnishings On Political Tension
Eng. Said Ahmed, Chairman of Home Textile Export Council, unveiled that Egypt has lost one of the biggest export…
Analysis: Egypt’s Currency Crisis Hinges on Household Dollars
The key to preventing a messy devaluation of Egypt's pound may lie with the country's households, whose dollar…
Egypt’s Morsi Sees Pound Stabilizing “Within Days”
Egypt's president held out hope that a weakening pound could stabilize within days under a new regime implemented…
Egypt’s Political Crisis Threatens Italian Investments: Nagi Alber
Nagi Alber, Representative of the Egyptian side, at Egyptian-Italian Friendship and Cooperation Society, has…
Egypt Economy to Slow in Q2 of 2012
Egypt's economic growth will slow to fewer than 2 % this year from 2.5 per cent last year because of political…
Egyptian Tourism Industry rebounds
The number of tourists visiting Egypt plunged by a third in 2011 according to recently revealed data from the…
MB’s Candidate: Group wouldn’t accept IMF loan till New Govt Formation
In all but ruling out an early agreement on an IMF loan, Egypt's Muslim Brotherhood has dramatically raised the…