economy

Gloomy survey opens Davos meeting
Business

Gloomy survey opens Davos meeting

Global business leaders are very downbeat on the potential for economic growth in 2015, a closely watched survey said on…
IMF estimates Egypt’s budget deficit to reach 11% of GDP in 2014/15
Business

IMF estimates Egypt’s budget deficit to reach 11% of GDP in 2014/15

The International Monetary Fund (IMF) estimates that Egypt's budget deficit will reach about 11 percent of GDP in 2014/15, as…
Egypt seeks strengthened investment ties with Saudi Arabia
Business

Egypt seeks strengthened investment ties with Saudi Arabia

Egypt said on Sunday it is seeking a strategic alliance with Saudi Arabia, stressing on the necessity to boost trade…
December set for conference on Egypt’s economic future
Business

December set for conference on Egypt’s economic future

Al Mal-GTM, a leading private sector think tank, will hold a CEO conference at Four Seasons Nile Plaza on 1 December…
Morocco to host 5th Annual Global Entrepreneurship summit‏
Business

Morocco to host 5th Annual Global Entrepreneurship summit‏

The fifth annual Global Entrepreneurship Summit (GES) will take place onNovember 19 – 21, 2014 in Marrakech, Morocco, the first time…
Report: Joblessness, inequality top global concerns in 2015
World

Report: Joblessness, inequality top global concerns in 2015

Unemployment and rising income inequality will top concerns for global leaders in 2015, a World Economic Forum (WEF) study said…
Central Bank: Egypt’s foreign reserves rise to $16.909 bn in October
Business

Central Bank: Egypt’s foreign reserves rise to $16.909 bn in October

Egypt's foreign reserves rose to US$16.909 billion at the end of October from $16.872 billion the previous month, the central…
OCI to spin off construction business and list in Egypt, UAE
Business

OCI to spin off construction business and list in Egypt, UAE

Amsterdam-listed OCI said on Thursday it planned to spin off its construction and engineering business and list it on stock…
Eurozone growth outlook slashed in new blow to recovery
World

Eurozone growth outlook slashed in new blow to recovery

The EU sharply cut its growth forecasts for the eurozone on Tuesday, warning that France and Italy remain huge problems…
Growth in Egyptian business activity slows in October
Business

Growth in Egyptian business activity slows in October

Business activity in Egypt expanded in October for the third straight month, a survey showed on Tuesday, but the pace…
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