Under terms of the agreement, QNB will purchase around 77.2% stake in NSGB in a deal valued at nearly $1.97bn, as reported by the Bloomberg.
02.02.2013
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News by
Banking Business Review
The ongoing clashes accumulate more burdens over the national economy and the revenues of tourism sector.
01.02.2013
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News by
People Daily Online
Future secretary of state, John Kerry, says ending US aid to Egypt could provoke further 'chaos' in the strife-ridden country.
01.02.2013
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News by
Ahram Online
Egypt’s recent days of violence have focused attention on its political crisis —but the underlying cause remains an economy on the brink of collapse.
31.01.2013
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News by
NBC News
The downgrade reflects several factors, including a worsened fiscal position, Fitch said in a statement.
31.01.2013
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News by
The Globe and Mail
The agreement includes training courses in media and publishing as well as cooperation in archaeology.
31.01.2013
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News by
Libyan Investment
Morsi’s visit to Germany resulted in an officially supportive stance, yet, how much of it was actually real is questionable.
Papers by
Egypt Business Directory
Some of Egypt’s biggest employers have criticized the government for undermining the economy and the role of larger multinational companies.
31.01.2013
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News by
New York TImes
Mursi cancelled plans to go on to Paris from Berlin and will instead hurry back to Cairo later in the day.
30.01.2013
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News by
Reuters
Al-Sissi warned that the political, economic, social and security problems facing Egypt constitute a threat to the country’s security and stability.
30.01.2013
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News by
Codewit World News
Ramez denied targeting a certain rate for the dollar, pointing out that he is seeking to have a well-regulated market.
30.01.2013
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News by
Zawya
A State of Emergency has been declared in three governorates that hold harbors on the Suez Canal – Egypt’s main revenue-provider, besides Tourism.
Papers by
Egypt Business Directory
The pound has now lost 7.5 percent of its value against the dollar since the central bank began auctions at the end of December.
30.01.2013
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News by
Daily Star Lebanon
Armed groups break into Semiramis hotel off Tahrir Square, shoot at employees and guests; anti-government demonstrators ward off looters.
29.01.2013
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News by
Ahram Online
An Egyptian business delegation is accompanying President Mohamed Morsi on his trip to Germany and France this week.
Papers by
Egypt Business Directory
Hotel performance improved in many parts of the Middle East in 2012, with cities such as Cairo and Amman enjoying strong bounce backs.
29.01.2013
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News by
AME Info
Technically in a recession, the country has experienced an extended period of slow growth, a big budget deficit and other problems.
29.01.2013
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News by
The National
Vodafone has been criticised for sweeping its controversial behaviour during the Egyptian uprising “under the carpet”.
29.01.2013
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News by
The Telegraph
Egypt's main opposition bloc, the National Salvation Front (NSF), announced at a press conference its refusal to Morsi' s call for dialogue.
29.01.2013
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News by
Xinhua Net
Smart cameras will for the first time allow users to connect to wireless networks, without the hassle of having to use additional cards or devices.
Papers by
Samsung Corporation
