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Egypt issues $4 bln in Eurobonds

Wednesday, 14 February 2018

Egypt has raised $4 billion in a dollar-denominated Eurobond sale that closed late on Tuesday, the finance ministry said, part of a drive to plug its budget deficit and boost dollar holdings as it pursues an IMF-backed reform program. The bonds were issued in five, 10- and 30-year tenors at 5.58 pct, 6.59 pct and 7.9 pct, respectively - prices on par with Eurobonds it sold last May. The issuance attracted $12 billion in bids, and were sold “despite the instability of the global market, ...

Two Russian wheat cargoes, one Argentine cargo bound for Egypt rejected

Tuesday, 7 March 2017

Two Russian wheat cargoes and one Argentine cargo destined for Egypt were rejected at their ports of origin on quality concerns, traders said on Tuesday.The cargoes, purchased by state grain buyer GASC in recent tenders, were rejected by companies conducting inspections at the ports of origin, traders said.Egypt, the world's largest buyer of wheat, rejected a series of shipments last year on concerns over the common grains fungus ergot before adopting more lax import rules in line with ...

Are we heading toward a global recession?

Monday, 15 February 2016

If you think that 2008 crises will not be repeated and banks are well hedged, you are wrong because we are living in fear of a real recession. The decline in oil prices by more than 70 percent has reduced profits of energy companies to more than 60 percent in some cases and increased the burden on financial markets. Moreover, China is still in a critical transition phase from an industrial economy to one relying on service sectors. The slowdown in China’s industrial production and the ...

Sadek Al-Rikaby

How cloud technology could boost economic growth in the Mideast

Friday, 22 May 2015

For both the public and private sectors, the cloud offers tremendous promise

Leila Serhan

Declining oil prices: OPEC vs. (future) Shale?

Tuesday, 16 December 2014

This is not a fight between OPEC and U.S. shale oil. It’s a battle between OPEC and future shale

Afshin Molavi

Why the oil plunge isn't bad for Iran

Monday, 15 December 2014

As the price of oil falls below $63 a barrel, OPEC producers have still not agreed on cutting oil production

Camelia Entekhabi-Fard

Lower oil prices: A blessing, not a curse

Monday, 15 December 2014

The fact is that cheaper oil is an absolute benefit to humanity but unfortunately, investors are falling for warnings

Khalaf Ahmad Al Habtoor

Why Arabs should embrace China’s Silk Road

Tuesday, 9 December 2014

The maritime silk road is becoming the center piece of Beijing’s economic diplomacy

Dr. Naser al-Tamimi

Saudization shouldn’t compromise international standards

Monday, 8 December 2014

It is time we revise the Saudization strategy and come up with more reasonable laws and regulations

Samar Fatany

OPEC vs. Shale: The stakes are raised

Monday, 1 December 2014

Last week’s OPEC meeting could be construed as heralding the beginning of the end of Middle Eastern oil exporting dominance

Vicente Lopez-Ibor Mayor

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