Business - Ahram Online

Business

Currency crisis won't end Qatar bank's Egypt buy: CFO

Recent devaluation of Egypt's local currency has not adversely affected the planned acquisition of Societe Generale's Egyptian unit by Qatar National Bank

Weakened currency unlikely to benefit Egyptian economy

The theory that currency devaluation will bolster exports has proven invalid in Egypt's case, say economists, who warn of devaluation's inevitable impact on trade deficit, inflation and state budget

BP says Algerian field still occupied by armed men

BP says that armed people attacked and occupied an oil field it operates

Transport minister announces plans to upgrade rail sector

New carriages and more money for maintenance, along with a long-term plan to reduce accidents, are rail sector priorities, says minister of transportation

Britain fines Playboy for failure to protect kids from porn

Playboy is fined $160,000 for it inability to prevent children from accessing pornography

Egypt approves law to issue sovereign Islamic bonds

Egypt's Minister of finance says government approved law to issue sovereign Islamic bonds

Israeli left seeks to regain appeal with focus on economy

Labour Party seeks to focus its electoral strategy on the economy, while Netanyahu's Likud Party still plays the security card

Egyptian external debt up by 2.1 pct in September 2012

Egypt's foreign debt grew by 2.1 per cent over a 12-month period, driven mainly by government borrowing

Economy

Islamic bonds draft law ignites controversy

Ahram Online investigates Morsi government's first major Islamic finance initiative, which supporters say could boost Egypt's economy

Al-Azhar rejects draft law on Islamic bonds

Egypt's cabinet approves draft law on Islamic bonds

Tunisia aims to issue $634 mln in Islamic bonds in 2013

Tunisia plans to issue Islamic bonds early 2013: Central bank

Egypt prepares to sell $2 billion Islamic bonds: Scholar

HSBC Middle East eyeing Islamic bonds

Egypt stocks rebound on TMG court ruling

EGX30 rises 0.5 pct in Wednesday trading following administrative court ruling upholding validity of Talaat Moustafa Group (TMG)'s Madinaty real estate project

Mubarak, former officials pay off 'Ahram gifts'

Ousted president Hosni Mubarak and his family pay 18 million Egyptian pounds worth of gifts they received from Al-Ahram Press and Publishing Organisation

Two new governorates added to QIZ agreement

Minya and Beni Suef governorates join list of Qualifying Industrial Zones in Egypt as experts anticipate an increase in QIZ exports

Egypt economy to grow 2.6 pct in 2012/13: World Bank

World Bank growth prediction for Egypt in 2012/13 is significantly lower than 3.5 to 4 per cent estimate by government

Qatari PM says won't let Egypt go bankrupt

Qatari Prime Minister Sheikh Hamad bin Jassim Al-Thani says his country will support Egypt as is not wise to let biggest country in Arab world go bankrupt

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