By Nikhil Lohade and Maria Abi-Habib Of ZAWYA DOW JONES DUBAI (Zawya Dow Jones)--Gulf investors are likely to react positively to government intervention in the local financial markets and a slight recovery in global markets...
Egypt's prime minister says officials are hoping to sustain economic growth of about 7 percent, even as the global financial meltdown has pummeled stock markets around the world, stoking recession fears.
CAIRO: Egypt’s central bank, seeking to reassure investors over Egypt’s exposure to the global financial crisis, said on Sunday its foreign currency reserves and the external positions of Egyptian banks were secure. Central...
CAIRO (Dow Jones)--Egypt's Prime Minister said Sunday the Egyptian financial sector was secure and had ample liquidity. "Egypt's reform plan for the sector that started in 2004 means that our banks were ready to face this...
AMMAN, Oct 9 (KUNA) -- Prime Minister Nader Dahabi discussed with the Egyptian Minister of International Cooperation Fayza Abu Alnaja cooperation between the two countries and ways to enhance them in various domains. The prime...
The donation comprises of over 100 Housing Units with total cost of SR5 million HRH Prince Alwaleed bin Talal bin Abdulaziz AlsaudHRH Prince Alwaleed bin Talal bin Abdulaziz Alsaud, Chairman of Kingdom Foundation announced his...
Egyptian officials were last night negotiating the release of 11 foreign tourists who were reportedly seized by masked bandits in a remote southern desert area and moved across the border to Sudan. Five Italians, five...
The Egyptian economy posted its biggest growth rate of the past 20 years, but a slowing European economy combined with inflation are casting a shadow over future GDP expansion. Additionally, the steady inflow of foreign...
IBM (NYSE: IBM) today launched a Global Service Delivery Center based in Egypt and signed agreements with the government to create a nanotechnology research center and develop a services science university curriculum....
CAIRO: Prime Minister Ahmed Nazif’s plans to privatize Egypt’s health insurance system would have been “a complete waste of public money,” said Khaled Ali, chairman of the Hisham Mubarak Law Center. Ali was speaking at a...