Egypt plans to invite an IMF mission to Cairo within a week, the government said on Thursday, signalling an imminent resumption of negotiations over a $4.8 billion loan as it struggles with an acute foreign currency shortage.
Bahrain-based investment firm Investcorp has achieved profitability for the third consecutive year since the financial crisis, raising $1.3 billion from investors with $900 million coming from the US and the rest from the Gulf, said its top offi
The euro zone needs a common finance minister and should consider issuing region-wide bonds to help pull it out of its economic crisis, said International Monetary Fund head Christine Lagarde.
'What is needed is a collective determinat
Gold remains in a long term bull market for the investors, said a study, adding that investors are starting to look at lower gold price as a buying opportunity.
The recent decline in gold has some investors puzzled as the precious metal is
China and Japan called for global cooperation on Friday after a financial market rout signalled fear that Europe's debt crisis could spin out of control and the U.S. economy may slide into another recession.
The comments from Washingto
China and Japan called for global cooperation on Friday after a financial market rout signalled fear that Europe's debt crisis is spinning out of control and the US economy is in danger of another recession.
The comments from Washington's
Leading world economies have agreed to put the policies of seven major nations under a microscope as part of a plan to prevent a repeat of the global financial crisis.
The pact was agreed by the Group of 20 nations after months of wranglin
More than 100 traders and owners of small and medium enterprises in Bahrain have urged the government to increase purchases by 30 per cent and put an end to redundant commercial registrations to help cope with the repercussions of the economic cri
The global economic crisis has forced companies to change the way they conduct their business and created great opportunities for those organisations that have invested prudently over previous years.
This was the perception given by Etisal
Efforts to cut hunger worldwide have been undermined by the global economic crisis, a UN report showed.
Reducing the number of hungry people is one of several Millennium Development Goals (MDGs) set in 2000 that include halving extreme pov