Tag: Business

MidEast Stocks: Egypt surges after Sisi cleared for presidency vote; UAE markets rebound

Sentiment was also helped by Finance Minister Ahmed Galal saying the interim…

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Turkey’s central bank signals crisis rate rise

The bank also raised its outlook for inflation.

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Egyptian bank says lining up first IPOs since Mubarak era

The last IPO on the Egyptian exchange was in 2010.

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Egypt’s growth to miss forecasts

Reuters - Egypt’s economy will only grow by 2.0% in the fiscal…

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OPEC producer UAE considers importing North American gas

Reuters - The United Arab Emirates, a Gulf OPEC oil producer, said…

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Abu Dhabi residential real estate rebounds strongly in 2013

Abu Dhabi’s real estate market slumped about 50% from its peak in…

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Turkey ramps up lira defence with central bank crisis meeting

The lira rallied slightly shortly after the announcement.

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Egypt’s “new normal” aids financial market rebound

Egypt’s economy was growing at about 6% annually for several years before…

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BG Group downgrades 2014 and 2015 guidance

Guidance for 2014 “disappointing” due to ongoing problems in Egypt

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Buyers’ market for oil companies in Davos

Oil prices peaked at $147 a barrel in 2008 amid growing fears…

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