Greek banks must find extra €14bn to survive dire economic downturn

Greece’s four main banks need to find another €14bn (£10bn) of reserves to ensure they could withstand an economic downturn, the European Central Bank...

Businesses in scope: Growth rates in the third quarter

With collapsing oil and energy prices, shifting demographics (rise in the retiring population vs fall in the working age population), and strong currencies, among...

Brazilian waxing and waning

  IN THE past few years, Brazil’s economy has disappointed. It grew by 2.2 per cent a year, on average, during President Dilma Rousseff’s first...

Migrants pour into Greece as economy plunges

Facing possible drowning to escape the horror of war, migrants are trying their luck in Greek waters; writes Ameera Fouad With the plight of war...

Greek shares plunge on first day of market reopen

The nation’s top four lenders - Piraeus Bank, National Bank, Alpha Bank and Eurobank - fell the most, all down 30%, the maximum allowed....
Greek bailout

Greece Requests a Third Aid in Less than Five Years

In a decisive stride towards reforming its economic crisis , Greece, which has been bailed out by the European Union, European Central Bank and...
Former Greek finance minister

In Greece, Reforms ‘going to fail’

As the Greek increased Taxes, Former Greek Finance Minister Yanis Varoufakis has told the BBC that economic reforms imposed on his country by creditors...

Siemens wins UK wind power plant order

Siemens has clinched a major order from Dong Energy to construct an offshore wind power plant with a capacity of 580 MW in Britain. As...

Greece in shock as banks shut

ATHENS: Greeks struggled to adjust to shuttered banks, closed cash machines and a climate of rumors and conspiracy theories on Monday as a breakdown...
Cairo business park

Misr Italia confirms confidence in Egyptian economy  

Misr Italia Group, real estate investment and development leader in Egypt, confirmed its confidence in the future of the Egyptian economy and its growth...

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President El-Sisi launches the New Administrative Capital with Copts and Muslims prayers

President, along with religious, military and int’l dignitaries, witnessed the ceremony to inaugurate Nativity of Christ Cathedral and Al-Fattah Al-Alim Mosque. As a true...

Egyptian explosives expert killed defusing a bomb near church in Cairo

An Egyptian police officer was killed on Saturday while attempting to defuse a improvised bomb found near a church in an eastern...

MEO was awarded the best at Hilton’s Media Event!

Hilton Zamalek organized a recognition Media Event to honor the Egyptian Media and Press for their usual support in promoting Hilton Zamalek...
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