Foreign reserves reach $17.3bn in February
After a steady six month decline, foreign reserves rose for the second…
Egypt’s GB Auto posts 40% fall in Q4 profit
Reuters - Egyptian auto distributor GB Auto reported a 40.6% drop in…
Egypt watchdog allows investment funds to manage insurers’ cash
Reuters - Egypt’s financial watchdog will allow insurance and reinsurance companies operating…
UAE’s Etisalat misses forecast with 70% profit leap
Etisalat’s 2013 full-year net profit rose to AED 7.08bn from AED 6.74bn…
Bahrain’s Al Salam Bank launches Asian Islamic REIT
Reuters - Bahrain’s Al Salam Bank has launched a listed sharia-compliant real…
Tunisia’s economic woes could become ‘catastrophic’: PM
Tunisia’s economic recovery since its 2011 “Arab Spring” revolution has been hampered…
Kuwait’s Zain says finalises $800m, five-year loan facility
Reuters - Kuwait’s Zain has finalised an $800m, five-year loan facility from…
Dubai’s DAMAC triples profit as property sales surge
Reuters - Dubai luxury real estate developer DAMAC tripled its 2013 net…
Sawiris to buy into German travel group FTI
Sawiris, a member of Egypt’s richest family, runs Orascom Development Holding, operating…
Coca-Cola international plans to invest $500m in Egypt
President of Coca-Cola says the move reflects the company’s confidence in Egypt’s…
