recession

World Bank head expects ‘tensions’ over US$1bn loan
Business

World Bank head expects ‘tensions’ over US$1bn loan

The head of the World Bank expects “tensions” as Egypt negotiatesa US$1 billion loan with the international lender, which could…
Egyptians turn to gold ingots to protect savings
Egypt

Egyptians turn to gold ingots to protect savings

There has been a high turnout of Egyptians buying gold since the breakout of the 25 January revolution, according to…
Local gold prices increase by LE2
Business

Local gold prices increase by LE2

Local market prices for gold increased by LE2 per one gram in the aftermath of the financial crisis that hit…
Bank group sees recession in Egypt, Tunisia, Syria
Business

Bank group sees recession in Egypt, Tunisia, Syria

The economies of Egypt, Yemen, Tunisia and Syria are likely to fall into recession in 2011 as economic activity falls…
Gold hits US$1220 per ounce on fears of slow global recovery
Business

Gold hits US$1220 per ounce on fears of slow global recovery

Gold prices broke the US$1220-per-ounce mark on European markets on Monday, representing their highest level since early July.
MB joins drive against presidential “inheritance”
Egypt

MB joins drive against presidential “inheritance”

The Muslim Brotherhood (MB) opposition movement has agreed to send representatives to an upcoming forum for opponents of presidential inheritance.…
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