News
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Global stock prices slide as oil prices jump over Egypt crisis
The FTSE 100 Index was down 1.6 per cent or 100 points as Egypt unrest continues.
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Oil near $102 on Egypt protests, US demand outlook
The price of oil neared $102 a barrel Wednesday for the first time since May last year.
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Egypt c.bank tells banks to shut early ahead of army deadline
Banks must close their branches by 2:00 p.m. (1200 GMT) instead of the usual 5:00 p.m.
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Egypt turmoil grows as army deadline is to expire
The violence came just hours before a military deadline was to expire Wednesday for Mursi to find a solution with the opposition.
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Egypt debt insurance cost at record, more currency fall seen
Five-year credit default swaps rose 34 basis points to record highs of 900 bps, according to pricing agency Markit.
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Egypt's tourism minister quits for the second time
The ministers handed their resignation letters to Prime Minister Hesham Qandil at the same time, according to the report.
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Financial institutions hope to reverse Egyptian illiquidity with small loans
International lenders are looking to Egypt's SMEs to stimulate Egypt's economy after two years of post-revolutionary decline.
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Egypt shares riskier after violence but foreigners may bargain-hunt
Cairo’s bourse will re-open on Tuesday after a one-day public holiday.
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Oil gains amid protests in Egypt; pump price drops
Traders were concerned that the protests in Egypt could affect the production and transport of oil supplies in the Middle East and North Africa.
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Army delivers ultimatum to end Egypt crisis
President Mohamed Morsi and opposition groups told they have 48 hours to calm protests, or face intervention.
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Egyptian protests freeze Malaysian demand
There has been a big slowdown in demand as Malaysians are concerned over their safety while on holiday.
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Experts: Poor to bear burden of Egypt’s IMF loan
The IMF is due to respond to the recently submitted reform program in the coming weeks.
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UAE’s Dana Gas says makes new gas discovery in Egypt
Total evaluated resources for the Lower Abu Madi zone are between 7 and 15 billion cubic feet, along with around 100,000 barrels of condensate.
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Egypt stocks in the green as 'Rebel' protests launch
Benchmark index up 0.9% before close of Sunday session as speculators take advantage of market prices decline in anticipation of 'Rebel' protests.
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Abandoned Egypt suffers
No signal is more worrying to tourism than the political one.
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IMF loan talks still in limbo a year into Morsi’s tenure
Subsidies, political consensus among prerequisites which Egypt still struggles to meet.
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US warns citizens on travel to Egypt as American killed
The US cautioned its citizens "to defer non-essential travel to Egypt at this time due to the continuing possibility of political and social unrest."
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HSBC Egypt restores normal cash withdrawal limits
Though the security situation remains uncertain, HSBC Egypt restores normal daily cash withdrawal limits after cutting them temporarily Friday.
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Egypt warns of TV shutdowns; legal threats mount
The ministry dismissed representatives of the three television stations--CBC, Dream, and Al-Nahar--from the board of the Media Free Zone.
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Indian pharma major to supply vaccines to Egypt
Egypt consumes about eight million doses of liquid pentavalent vaccine every year to treat various diseases.