Latest Economy News
Egyptian National Railways seeks China cooperation to purchase 700 train cars for $570m
A source from within ENR stated that Zakaria received a surprise invitation…
Egyptian Central Bank announces key interest rates will not change
Egypt’s Central Bank recently announced on its website that key interest rates…
Investment Minister: Budget deficit 11.5% of GDP for the 2012-2013 fiscal year
The European Bank for Reconstruction and Development recently stated that: “Egypt’s budget…
Gold tumbles 1.5% as dollar prices rise
Future trading in the COMEX division of the New York Mercantile Exchange…
Egyptian government asks Turkey for help to revive economy
Discuss use of $1bn Turkish aid, two countries to develop an industrial…
Cleaner Saudi Yanbu refinery back online
There has been a shift in Middle Eastern refineries to produce cleaner…
Amplats axes 6,000 jobs in South Africa
Profits were obliterated by a higher wage bill and increased electricity costs.
OPEC sticks to 2013 oil demand projection
The Organisation of Petroleum Exporting Countries forecast total average oil demand of…
IMF says Egypt loan talks ‘must reflect evolving conditions’
Fund spokesman said that no new IMF mission to Egypt has been…