CAIRO: The Egyptian pound strengthened slightly on Monday and importers reported increased dollar liquidity at banks days after the International Monetary Fund (IMF)...
CAIRO: The Egyptian pound strengthened slightly on Monday and importers reported increased dollar liquidity at banks days after the International Monetary Fund (IMF)...
RIYADH: Saudi Arabia’s central bank is succeeding in wrestling down market interest rates and expects to see further declines as it fights a...
ISTANBUL: Turkish food producer Yildiz Holding on Monday said its conscience was “clear” and its businesses “clean”, after reports suggesting it was the...
DUBAI: Egypt's stock market edged down in early trade on Monday as traders booked profits in blue chips after 12 straight days of...
CAIRO: Egypt’s $12 billion three-year IMF loan programme will be repaid in 10 years with a 4.5-year grace period, with the reforms agreed...
DUBAI: GEMS Education, a Dubai-headquartered international education company, is raising $500 million through a loan facility, banking sources familiar with the transaction said...
DUBAI: Gulf executives who were upset by Donald Trump's campaign trail comments about Muslims took a conciliatory tone following his election victory and...
Washington: The International Monetary Fund on Friday approved a three-year, $12 billion loan for Egypt to help the country recover from its economic...
Riyadh: Saudi Arabia is working to pay billions of dollars owed to private firms after oil revenues collapsed, the kingdom's new finance minister...
CAIRO: Egypt will likely receive the first tranche of a $12-billion loan from the International Monetary Fund -- $2.75 billion -- next week,...
MOSCOW: Abu Dhabi state investment vehicle Mubadala Development Co may invest in a vegetable oil producer and a rice producer in Russia, a...
DUBAI: Emirates reported a 75 percent fall in first-half net profit from its airline operations as Dubai's flagship airline was buffeted by a...
Cairo: IMF chief Christine Lagarde said Tuesday she will recommend the institution approve a $12 billion loan for Egypt when the board meets...
DUBAI: Construction giant Saudi Oger has asked banks to agree to a freeze in repayments on at least 13 billion riyals ($3.5 billion)...
CAIRO: Egypt’s pound weakened on Tuesday as dollar-starved banks bought hard currency from the black market to meet demand from importers and other...
DUBAI: The United Arab Emirates will prepare documentation to govern public-private partnerships (PPPs) by the end of 2016 as it encourages more private...
CAIRO: The pain of Egypt’s currency devaluation may be felt well before the benefits, creating a period of at least several months in...
ABU DHABI: An Iranian media report that Egyptian Petroleum Minister Tarek El Molla will visit Tehran on Monday for a meeting with his...
