Latest Business News
Moody’s downgrade gives edge to safe-haven banks
(Reuters) - Major ratings downgrades by Moody’s will further divide the world’s…
President inherits budget from Ganzouri cabinet
The cabinet finalised the 2012/2013 annual state budget, which will be effective…
Plan for an ‘Investors Union’ to improve image of businessmen
Farid Khamis: Industrialists are not thieves, it’s not right to generalise accusations…
Banks push to secure offices and ATM machines
All banks in Cairo undertook efforts to secure their facilities as they…
Dissolution of Parliament brings back IMF deal
Despite what Egypt has been undergoing over the previous year and a…
The Egyptian Arab Land Bank: EGP 2bn in funding for individuals
It is hoped that both the credit portfolio and deposits will increase…
Tourism decline hits HSBC
HSBC has shut down two of its branches recently in Sharm el-Sheikh…
Ministry of Finance approves EGP 1bn for domestic wheat purchase
The Egyptian Ministry of Finance has allocated an additional EGP 1 billion…
World stocks mostly slide after Moody’s downgrades
World stock markets mostly fell on Friday after the economic outlook in…
G20 reinforces EU aspirations
World leaders convened in Los Cabos, Mexico on the 18th and 19th…