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Saturday, 11 February 2012
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EU to tighten Syria economic sanctions end February
Europe is set to endorse an assets freeze on Syria's central bank and bans on phosphate exports and gold trades from the country, say diplomats
Greeks strike against IMF/EU austerity before crucial vote
Protests rage as Athens sees little choice but to implement harsh internationally-mandated economic measures in order to receive a 130 billion euro bailout
IEA cuts 2012 oil demand growth forecast yet again
Gloomy predictions for global economy lead energy watchdog to slash energy demand predictions for sixth consecutive month
Lebanon economy at risk from Syria unrest: IMF
Intensifying violence in its neighbour and the eurozone crisis could see GDP growth sink to 1.5 per cent, says global body
Brent drops below $118, China data stokes demand fears
Oil prices weighed down as investors remain sceptical over looming Greek debt deal and its impact on energy demand
AIC sells 9.6 pct stake in Egypt's Beltone
Investment firm offloads 800,000 shares for a total of LE11.1 million
Mobinil says has no information on France Telecom talks
Egyptian mobile carrier Mobinil says it is unaware of reported discussions between its major shareholders
Egypt treasury bill yields rise, auction size reduced
Central bank trims sales after average yields edge closer to 16 per cent
Economy
Egypt needs $11 billion to fund economic reforms: Finance minister
A shake-up of energy subsidies and the introduction of value added tax are among the proposals for Egypt's economy made in a new statement from financial officials
Brotherhood will raise taxes, revise subsidies to curb deficit: FJP official
Updated: Egypt to cut energy subsidies for heavy industries
IMF: Egypt's economic challenges persist
Dented economy haunts Egypt a year after revolt
Worrying figures suggest Egypt's ruling military and future government will have to make some tough, potentially unpopular decisions in the coming months
Standard and Poor's downgrades Egypt on reserves, politics
Ratings agency cuts country's long-term rating a further notch, blaming tumbling foreign reserves and persistent political uncertainty
Nigeria insurgency beginning to take toll on economy
Low level battle against Boko Haram could be costing the west African country as much as 2 per cent of its economic output as it ups spending on security, say experts
Algeria buys at least 700,000 tonnes wheat in tender: Traders
Unusually high order by Algeria's state grains agency may be an attempt to secure supplies before a surge in demand from Syria and Iran, say exporters
Bank customers dodge October City armed robbery
Armed men try to grab LE150,000 from bank clients only to be chased off by police, according to report
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