Annual inflation soars to 9.8% in June
Financial experts predict inflation levels to further accelerate in the coming months…
Central Bank head in Abu Dhabi in search of financial aid
The visit follows a statement detailing a drop in the country’s capital…
Economic researchers express fear over the economic future
Bank of America Merrill Lynch Global Research described the transition in a…
Fitch cuts Egypt’s credit ratings from B to B-
The global rating firm could further downgrade Egypt’s credit rating, as outlook…
BlackBerry announces sales of 2.7 million Z10, Q10 smartphones in first quarter
Despite low quantities being sold of the latest editions, the global company’s…
Banks close early ahead of ultimatum
The Central Bank of Egypt orders banks to close early before army’s…
Jumia Egypt “Arab Internet Pioneer” in Egypt for 2012
The awards were designed to recognize and reward companies who have demonstrated…
Credit default swaps hit alarming levels amid nationwide protests
Domestic public debt hit EGP 1.387tn (about $200bn) in April, foreign debt…
Egyptian pound stabilises against the dollar at 7.04 despite massive protests
Experts: the stability of the pound is “temporary” due to bank closures…