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...
- Advertisement -

Latest article

El Molla Witnesses Signing of Two Agreements for Brownfields in Gulf of Suez

Minister of Petroleum and Mineral Resources Eng. Tarek El Molla and ADES Drilling Company CEO Mohamed Farouk have witnessed the signing of...

ETHDCO achieves 109% of its production plan

Eng.  Tarek El Molla, Minister of Petroleum and Mineral Resources, witnessed via video conference the General Assembly meeting of the Egyptian Company...

Eng. El-mulla witnessed ENNPI’s General Assembly and approved business result of FY 2023

Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources, stressed that the vision of development and modernization launched by the Ministry...