Latest Economy News
Costs of future government borrowing bogged down by uncertainty
Return rates on government debt tools have been steadily increasing since former…
Following Morsi’s ouster, Qatar’s support to Egypt in question
Sherif Sami, a member of the General Authority of Investments, stated that…
Gulf aids bolsters value of local currency
The index of the US dollar internationally declined 1.5%.
Kuwait delivers free fuel to Egypt: report
Two tankers, one carrying around 100,000 tonnes of diesel and the other…
Analysts debate conversion of gulf lifelines to bonds
Meanwhile, former finance minister Momtaz El Saeed said that a conversion is…
Fitch Group’s new credit downgrade of Egypt does not take into account recent aid received from the Gulf
The analysts stated that the recent downgrade would not have a large…
Conflicting Reports regarding Egypt’s wheat supply
Former members of Morsi’s government claim the country will need to import…
Oil extends losses on profit-taking
WTI hit a 15-month high of $107.45 in New York on Thursday…
Centamin announces robust gold production in new mine
Centamin produced 93,624 oz of gold for the second quarter in 2013,…
Arab aid inbound
Aide to the Minister of Planning: Financial aid received from Arab countries…