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Economics/Financial Analysis News

Egyptian State Revenues are Overestimated
Egypt >> 7/8/2012 - Egypt may not be able to raise enough proceeds to cover its needs as the state budget for fiscal year 2012/2013 is estimated assuming high economic growth. The budget was approved by the country's mil...
TRA Participates in EU-GCC Meeting
United Arab Emirates >> 7/9/2012 - The Telecommunications Regulatory Authority (TRA) has participated in a meeting of telecommunications governmental entities from the Gulf Cooperation Council (GCC) countries who held discussion with a...
CBE: Financial Position of Banks Reaches EGP1.3 Trillion
Egypt >> 7/9/2012 - A recent report by the Central Bank Egypt (CBE) showed rise in financial position of banks - other than the Central Bank- by EGP 75.6 billion by 4.2% to reach EGP 1322.4 during the period from July 20...
The Egyptian Stock Exchange (ESE) Loses LE 3.3 BLN
Egypt >> 7/9/2012 - The Egyptian Stock Exchange (ESE) witnessed a collective decline at the beginning of the week on the backdrop of profit-taking, after a two-week rise. Market capital lost some L.E.3.4 billion at the s...
Rise in Egypt's June Reserves Masks Serious Fiscal Problems
Egypt >> 7/9/2012 - Egypt's net reserves may have edged up for a third consecutive month but a genuine recovery is still far off, analysts say, as one-time payments and revaluations mask the country's potentially chronic...
Egypt Urban Inflation Falls to 7.3 pct in June 2012
Egypt >> 7/10/2012 - Egypt’s annual urban inflation registered 7.3 per cent in the twelve months to June 2012, says the Central Agency for Statistics and Mobilisation (CAPMAS). This is down from 8.3 per cent in the 12 mon...
Egyptian Demand for Steel Demand fell 7.5 pct in May
Egypt >> 7/10/2012 - Egyptian demand for steel fell a monthly 7.5 per cent in May, official statistics from the Cabinet’s Information and Decision Support Centre (IDSC) showed on Monday. Egypt ordered around 514,000 tonne...
Abu Dhabi Inflation at 1.3% Over the First Half of 2012
United Arab Emirates >> 7/10/2012 - Abu Dhabi (SCAD) issued its periodic report on the consumer price index (CPI) and the inflation rate in the Emirate of Abu Dhabi for the month of June and the first half of 2012. The report analyzes t...
UAE's Assistance to Afghanistan is Stable
United Arab Emirates >> 7/10/2012 - UAE's participation in the recent international conference of donor countries for Afghanistan was an evidence of the continuity and stability of UAE's assistance to rebuild that country, said a senior...
Egypt External Debt Drops $1.5bn in March
Egypt >> 7/10/2012 - Egypt's external debt dropped by $1.5 billion in the first nine months of the 2011/12 fiscal year to reach $33.4 billion in March, data from the Central Bank of Egypt (CBE) showed. The bulk of the dro...
Boeing Says Kuwait Lessor to Buy 20 of its 737 MAX Planes
Kuwait >> 7/10/2012 - Boeing said Kuwaiti aircraft leasing company ALAFCO had committed to buy 20 of the US planemaker's future single-aisle 737 MAX planes worth a combined $1.9 billion. Boeing, which made the announcement...
Empower Bags Golden Award at 103rd Annual IDEA Conference
United Arab Emirates >> 7/10/2012 - Emirates Central Cooling Corporation (Empower), has bagged the golden award at the International District Energy Association's (IDEA) 103rd Annual Conference held in Chicago, for the total square foot...
UAE and Nigeria Trade Relations Witness Great Development
United Arab Emirates >> 7/10/2012 - Ahmed Mohammed Taher, Charge d'Affaires Nigerian embassy in stressed that the economic and trade relations between UAE and Nigeria has witnessed sizeable development thanks to the keenness of the lead...
CBE: Financial Status of Banks Reaches LE 1.3 Trillion
Egypt >> 7/10/2012 - A recent report by the Central Bank of Egypt (CBE) showed rise in financial position of banks - other than the Central Bank- by EGP 75.6 billion or 4.2% to reach EGP 1.3 during the period from July 20...
Egypt Urban Inflation Slows to 7.2 % in June
Egypt >> 7/10/2012 - Egypt's urban consumer inflation eased to 7.2 percent in the 12 months to June from 8.3 percent in May, figures from Egypt's state statistics agency showed. The urban consumer price index for June was...
OECD Sees no End to Jobs Crisis as Economy Struggles
Egypt >> 7/11/2012 - Unemployment in advanced economies will remain high until at least the end of 2013, with young people and the low-skilled bearing the brunt of what is by far the weakest economic recovery in the past ...
Egypt Bourse Gains LE 1.2 Billion at End of Trading
Egypt >> 7/11/2012 - The Egyptian Stock Exchange gained LE1.2 billion at the end of trading on 10/7/2012. The bourse was supported by the purchasing of Egyptian and Arab investors amidst expectations about ending a parlia...
Egypt Seeks Settling Problems of Defaulting Plants
Egypt >> 7/11/2012 - The government is seeking to settle the problems of defaulting plants, said Minister of Industry and Foreign Trade Mahmoud Eissa on 10/7/2012. Operating the stalled plants hitting 1570 in number, is o...
HSBC to Apologise Over Lax Money Laundering controls
Egypt >> 7/11/2012 - Global banking giant HSBC Holdings will apologise to a US Senate hearing next week for failures in its anti-money laundering controls, a report said Wednesday. HSBC will tell lawmakers at the 17 July ...
Eissa: EGP 3.1 Billion to Boost Exports
Egypt >> 7/12/2012 - Egypt's Export Promotion Fund is in the process of adopting new criteria to offer export-support incentives to exporters in the coming fiscal year, Industry and Foreign Trade Minister Mahmoud Eissa sa...

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