United Arab Emirates would grant Egypt US$3 billion to help the country recover from its devastated economy.
Tags: Egypt
Ramadan revives food sector as Muslim countries spend more
The Islamic holy month of Ramadan would unite 1.6 billion believers and would directly result to the recovery of markets particularly in the food sector.
Egypt to see more investments from Billionaire Naguib Sawiris
Egypt will be seeing more investments from Billionaire Naguib Sawiris and his family. Egypt will be seeing more investments from billionaire Naguib Sawaris.
Dead tourism may be revived - Egyptians
Days after the ousting of President Muhammad Mursi, local entrepreneurs said that the dead tourism industry may still be revived.
Egypt gains Saudi Arabia, Kuwait, UAE support
Three countries pledged support for Egypt's dying economy. Three countries still believe in the conflicted country of Egypt. These nations - the Kingdom of Saudi Arabia, Kuwait, and the United Arab Emirates, expressed their support towards the Egypt saying that the North African country is "too big to fail.
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The protests in Brazil, Egypt and Turkey should push governments around the world to provide crucial public services and opportunities to their citizens.
Egypt stocks soar and debt insurance cost plummet after ousting of President Mursi After the military ousting of President Mohamed Mursi, Egyptian share soared 6% and debt insurance costs plummeted.
The African Development Bank conducted feasibility studies on Northeast African projects. (Photo : Reuters)This is the Nile River in modern times. African Development Bank's energy sector official Khalid Al Askari said today that the bank have conducted studies on a planned electricity link investment project spanning three countries - Ethiopia, Sudan, and Egypt.
Egypt's stocks rose on Monday while headlines are abuzz about its president and the military. (Photo : Reuters)The image shows anti-Mursi protesters gathered at a public cafe while listening to Mursi's speech.
Egypt's OCI increased in value as the country's finance authority approves of tender. (Photo : Reuters)The image is snapshot of the trading floor of the Egyptian bourse Orascom Construction Industries, one of Egypt's largest publicly traded firms, predicts a tremendous upsurge in more than seven years.
Orascom, the subsidiary of Vimpelcom, had withdrawn its bid to gain majority interest in Wind Mobile.
Egypt, after two years of political unrest, is nearing the completion of its deal with the International Monetary Fund.
Egypt set to return the taxes collected from the QNB acquisition of NSGB. (Photo : Reuters)The image is the Arabic logo of the Qatar National Bank. In an announcement, the Egyptian government has said it would be refunding taxes it has collected from the acquisition by Qatar National Bank of National Societe Generale Bank.
Due to the lack of Egyptian regulatory approval, the EFG Hermes and QInvest deal was terminated. EFG Hermes is one of the largest investment financial institutions in the Gulf region.
