News
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Africa Has 190 Planned Hotel Projects in Planning and Development
Africa now ranks among the fastest growing economic regions in the world, according to a recent report (June 2011) by the McKinsey Global Institute.
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Suez Canal revenues at $5.05 billion record high despite Egypt turmoil
A revival of worldwide trade brings higher than ever income during the 2010/11 fiscal year for one of the country's key sources of foreign currency.
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Egypt at 12-wk low on Mubarak trial, Gulf mixed
Egypt's bourse fell to a 12-week low on Tuesday as jittery investors sold shares ahead of former Egyptian President Hosni Mubarak's trial.
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Egypt at 12-wk low on Mubarak trial, Gulf mixed
Egypt's bourse fell to a 12-week low on Tuesday as jittery investors sold shares ahead of former Egyptian President Hosni Mubarak's trial.
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IMF’s ‘Harsh’ Legacy Blocks Middle East Loans After Egypt U-Turn
Fears of harsh conditions shows the IMF how hard it may be to shake off the legacy of past policies.
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Feature: 7 Deadly Stories: Middle East out of the ashes?
Economists naturally focused on the fluctuating price of oil after the region erupted in protests, and what that might mean to global economy.
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Vodafone Egypt names Marwa El-Ayouti as CFO
After facing several accusations in relation to its stand during the Egyptian revolution, Vodafone Egypt now appoints new CFO.
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Nile Basin Countries to Establish Reserve Fund for Projects on Nile
Under the name: "The Nile Basin – An Imperative for Cooperation", Nile Basin Initiative's work plan aims at institutional strengthening.
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Finance Minister: Tourism in Egypt recovering
Tourism may generate $10 billion revenues in 2011 / 2012, compared with $11.6 billion in 2009 / 2010.
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Centamin Egypt slumps 25% after blasting restrictions hit production
Centamin said it hoped things would return to normal in the third quarter, but its shares have slumped 33.7p to 104.1p, down nearly a quarter.
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Political risks ahead due to faltering economy
One reason the army may be keen to get out of day-to-day government is to avoid taking the blame for the needed decisions to revive the economy.
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Jordan to receive Iraqi oil next month
After five attacks on Egypt's gas pipeline to Israel and Jordan, the latter searches for other energy sources, this time from Iraq.
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Human Rights Group Accuse Vodafone of Shutting Down Egypt Network
English lobbying group AccessNow brought a resolution to the company regarding its role in Egypt's revolution this spring.
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HSBC's Mena profits up despite turmoil in region
Banks loans and advances to customers rose by five per cent and customer deposits rose by 11 per cent.
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Ezz Steel welcomes Ramadan with a price hike of $857 per ton
Egypt's largest steel producer blames the 3 per cent climb on global pressures and costly billet imports, but industry commentators say otherwise.
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Egypt's finance minister says forex reserves adequate
Reserves are showing a much slower slide than earlier this year.
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Citadel Capital of Egypt Plans to Invest More in East Africa
Commercial agriculture, energy, low-income housing and food processing are Citadel's main focus.
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Arab World Unrest cast pall on Ramadan Food Prices
Even though food prices were one of the main triggers for the Arab Spring, not much has changed just yet.
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Egypt's best option: a secular gov't committed to economic reform
An opinion piece by Honorable Peter K. Reith, former senior Cabinet Minister in the Australian Gov't, talking about hopefuls of Egypt's economy.
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Egypt's mobile users on the rise
Currently, Vodafone has the highest number of subscribers, closely followed by Mobinil and Etisalat.