UAE's Arabtec signed a $40-billion pact to build a million homes in Egypt, a deal that has major political implications.» Read More
CAIRO, Dec 27- Muslim Brotherhood supporters and police clashed across Egypt on Friday, leaving at least two dead in protests after the army-backed government declared the group a terrorist organisation. An 18- year-old Brotherhood supporter was shot dead during clashes in the Nile Delta city of Damietta, police said.
*Muslim Brotherhood declared a terrorist group on Wednesday. *One person killed late on Thursday in clashes in Cairo.
CNBC's Michelle Caruso-Cabrera looks ahead to potential international flash points that could affect the global economy in 2014.
LONDON, Dec 23- The Syrian government of President Bashar al-Assad has received substantial imports of Iraqi crude oil from an Egyptian port in the last nine months, shipping and payments documents show, part of an under-the-radar trade that has kept his military running despite Western sanctions.
Stock prices soared in Buenos Aires in 2013 but Argentina's policies make investing there treacherous, Wells Fargo's Paul Christopher says.
Three years after an uprising embroiled the country, Egypt's benchmark stock index is on the rise.
CAIRO, Dec 17- Egypt's central bank has told banks to conform to international market rates in official trading of non-U.S. dollar foreign currencies, a move that traders said could discourage banks from selling euros and boost black market trade.
Mark Mobius, executive chairman of Franklin Templeton Emerging Markets Group, is no stranger to political upheaval. He tells CNBC where in the region he sees the best potential, and why he is positive on Egypt.
PARIS, Dec 11- Brisk world demand and shrinking supplies, notably in competing Black Sea countries, are likely to drive soft wheat exports from the European Union to record highs this season, beating earlier expectations.
KUWAIT, Dec 9- Saudi Arabia's dream of binding the Gulf Arab states into a union will get a sceptical hearing at a summit this week, with differences over Iran, Egypt and Syria demonstrating that the Gulf's absolute monarchs do not all speak with one voice.
Nabil Fahmy, Egypt's foreign minister, says America's influence in the Middle East will diminish if it fails to engage with the region¿s problems.
Nabil Fahmy, Egypt's foreign minister, says business confidence will improve once the country adopts its constitution.
*Egypt says agrees timetable on $3 bln in oil arrears. CAIRO, Dec 5- Egypt's army-installed government unveiled a timetable to pay $3 billion of $6.3 billion it owes to foreign oil firms on Thursday, part of a campaign to revive confidence in an economy hammered by three years of political turmoil.
CAIRO, Dec 4- Egypt expects to receive more aid from Gulf states, the central bank governor said on Wednesday, on top of the $12 billion they have pledged since the army deposed Islamist President Mohamed Mursi in July. Asked whether he anticipated more Gulf aid, Central Bank Governor Hisham Ramez said: "Yes we do...
LONDON, Dec 3- Egypt has postponed any decision on taking a $4.8 billion loan from the IMF as financial aid from Gulf states has given Cairo some breathing space as it starts to conduct economic reforms, Deputy Prime Minister Ziad Bahaa El-Din said on Tuesday.
DUBAI/ DOHA, Dec 2- With one notable exception, wealthy Gulf Arab states are encouraging investment in Egypt to help shore up its army-backed government: the absentee is Qatar, rattled by the collapse of Islamist power in the biggest Arab country.
*Morocco relegated to frontier market stocks index. Morocco, which has avoided the worst of its neighbours' turmoil, became the latest casualty on Wednesday when it was relegated in the leading MSCI indices from the league of established emerging markets to the "frontier" division of economies with less developed capital markets.
*Tunisia remains a model three years after Arab Spring. TUNIS, Nov 25- Tunisia offers perhaps the last hope for Arab Spring democracy; only in the small nation that inspired revolts from Cairo to Tripoli has the negotiating table won out over the gun, so far.
An expert on high-impact entrepreneurship, Endeavor's Linda Rottenberg, explains why economic adversity sparks innovation and small business creation.
Thanks to social media women all over the Middle East are finding ways to help one another start businesses. It's a movement that is about more than economics.