Before fighting in Gaza can end, Hamas may need to address a problem—its payroll.» Read More
Malek Bou-Diab, portfolio manager at Bellevue African Opportunities, says structural reforms being carried out by African countries present opportunities for investing in the region, despite some of the political and security tensions that remain.
May 17- For other related diaries, please. FRANKFURT- Frankfurt Finance Summit 2014. Speakers:- European Commissioner for Internal Market and Financial Services Michel Barnier, Czech National Bank board member Kamil Janacek, ECB executive board member Andreas Dombret, Bank of Spain Governor Luis Linde and former Germany Finance Minister Theodor Waigel.
Egypt ranks in the bottom tier of the Corruption Perceptions Index. The co-CEO of Egypt's largest investment bank, Karim Awad, says it is possible to do business without bribing corrupt officials.
Karim Awad, co-CEO of EFG Hermes, reflects on how Egypt's turmoil has affected the firm since 2011, and why he believes the new political beginning holds plenty of opportunities for investors.
EFG Hermes is looking to secure 60 percent its investment banking revenue from abroad. In an exclusive interview with CNBC, co-CEO Karim Awad details where he plans to take the firm next.
Analysts say the prospect of slightly higher-than-expected U.S. inflation readings is a double-edged sword for gold prices.
The co-chief executive of EFG Hermes told CNBC that Egypt was undergoing political rejuvenation, meaning it had a lot to offer investors.
CAIRO/ OSLO, May 12- Egypt has secured a means of importing liquefied natural gas that will help it address an energy crisis, although the LNG import terminal to be provided by a Norwegian firm will not be in place in time to ease painful gas shortages this summer.
Senator Patrick Leahy, chairman of the Senate subcommittee that oversees foreign aid, said on Tuesday he would not approve sending funds to the Egyptian military, denouncing a "sham trial" in which a court sentenced 683 people to death.
April 24- For other related diaries, please. ANKARA- Central Bank of Turkey holds Monetary Policy Committee meeting- 1100 GMT. CAIRO- Central Bank of Egypt holds Monetary Policy Committee meeting.
*FDI fell to $3 billion in year to June 2013. CAIRO, April 23- A new Egyptian law that prevents third parties from challenging contracts made with the government may encourage foreign investors but critics say it will increase scope for corruption.
CAIRO, April 23- Egypt needs to find at least $5 billion to invest in its dilapidated power grid, a government official told Reuters, highlighting a major challenge for the next president as the country faces the risk of worsening blackouts this summer.
April 22- For other related diaries, please. MANILA- Asian Development Bank will launch its latest Asian Economic Integration Monitor, a semiannual review of Asia's regional economic cooperation and integration. COLOMBO- Sri Lanka Central Bank announces interest rate decision- 0130 GMT.
EGYPTIAN COURT JAILS 119 SUPPORTERS OF EX-PRESIDENT MURSI- JUDICIAL SOURCES.
ABU DHABI/ CAIRO, April 10- Two wheat cargoes purchased by top global wheat buyer Egypt are stuck at Russia's Novorossiisk port, after the trade house selling the grain had problems opening the importer's letters of credit, traders said.
April 8- MUZAFFARNAGAR, India- India's main opposition party, tipped to form the next government, appears to be returning to its Hindu nationalist roots at the start of a five-week general election, raking up divisive issues and using strong language in an area hit by religious riots.
*UAE backs Egypt military as bulwark against Brotherhoood.
Abdel-Fattah el-Sissi, the Egyptian military chief who removed the elected Islamist president, announced he will run for president in elections.
*Hossam Shabib sentenced to death along with 528 others. CAIRO, March 26- Hossam Shabib says he has always been a respectable Egyptian doctor who served his community and stayed out of trouble.
10 TH OF RAMADAN CITY, Egypt, March 25- Egypt's next president is likely to face a far more complex problem than cracking down on Islamists- meeting the demands of workers desperate for decent jobs and wages.