Egypt gets Qatar’s billions before IMF
Qatar gave Egypt an economic lifeline by lending the country another $2 billion and given it an extra $500 million outright to help control its […]
Egypt
Egypt auctions US dollars
As the Egyptian pound reaches 6.1858 to a dollar, its lowest in 8 years, the central bank is urging Egyptians to “ration” their foreign currency […]
Egypt: Cairo International Film Festival On Track Again
Cairo International Film Festival (CIFF) is being held this year although it was cancelled last year due to the violent demonstrations in Tahrir Square, close […]
Egypt: QNB is taking over Société Générale
Cairo’s bourse three week high journey was brought to an end after Société Générale decided to sell its stakes in Egypt’s National Société Générale Bank […]
Egypt: Markets react positively to announcement
The announcement by President Mohammed Morsi to backtrack on his controversial presidential decree which broadened his powers and led to the most popular protest during […]
Egypt: ADB investment and development loan
Egypt’s search for funding has been given another facelift as the African Development Bank (ADB) decides to help the country get over its troubles. The […]
Egypt: a negative trading day
The Egyptian stock exchange experienced a negative trading day as it recorded its worst in two and a half months. Closing on Sunday, the stock […]
Military commander of Hamas killed
On Tuesday, Egypt was playing the role of a mediator between Israel and Palestine in order to bring truce to the region. However just five […]
Ethiopia: the Nile River and mega dam constructions
Ever since Ethiopia decided to invest almost $12 billion to exploit energy that can be provided by the Nile River which crosses the country by […]
Egypt-Turkey work towards alliance exchanges
In what could be described as a bilateral free trade financial cooperation between Egypt and Turkey, the two countries are looking at the possibilities of […]