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Thursday, 05 May 2011
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Ambitious Sudan aims to cut external debt by 90 per cent
Sudanese minister of finance is in Washington to discuss his country's economic burden
Syria seeks to contain economic impact of unrest
The central bank has halved banks' reserve requirements to five percent with possible cuts to zero percent
Egypt’s sale of T-bills falls short of govt target
Ministry of Finance sale of bills yields LE900 million less than expected
Palm Hills denies intent to give up more land
The former blue chip developer says it does not intend to return further land to the government
Bank group sees recession in Egypt, Tunisia, Syria
The economies of Egypt, Yemen, Tunisia and Syria are likely to fall into recession in 2011 as economic activity falls sharply following popular uprisings since January, a global bank group forecast on Tuesday
Egyptian Kuwaiti committee to support Egyptian economy
The newly formed Kuwaiti Egyptian Loyalty committee aims at granting financial support to vital projects related to food and medicine industries
Abu Dhabi's Aabar commits $850mln to Glencore IPO - term sheet
Abu Dhabi's Aabar Investments has committed to invest $850 million in Glencore International AG
Abu Dhabi sees 2011 economic growth at 4.5 per cent
Industry and tourism will be major drivers as the emirate eyes establishing an export promotion agency
Economy
Bribes and prejudice: why anti-graft measures worry Egypt's economists
Egypt's anti-corruption purge has sparked debate between idealists calling for a full reckoning and pragmatists concerned about the effects on a tottering economy
Market Report: Egyptian stocks tumble for second day on corruption purge
Egypt's fight against corruption has just started
Gamal Mubarak and Fathi Sorour join accused in tourism corruption case
Prosecutor-general allows judges to investigate corruption cases
Criminal court to rule on former interior minister’s corruption trial Thursday
Iran to merge oil, energy ministries
The announcement is part of a plan to slim down the number of ministries to 17 from 21
Mffco Helwan workers protest for third day
Pay dispute takes a further turn as employees of the furniture maker return after a military-brokered end to their strike to find all three factories closed by administration
Egypt ranks 9th in Africa’s top investment countries
A survey, released by Ernst & Young, reveals that Egypt could remain an attractive destination for investors over the next five years
Bahrain offshore banking assets fell 10 per cent in unrest
Foreign assets of offshore banks dipped while their domestic assets and those of local retail banks remained stable, data shows
OPEC output falls in April due to Libyan crisis: Reuter's survey
The Libyan crisis has hampered OPEC's supplies despite extra suppplies of Saudi and Nigerian oil
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