Saturday 26 July 2014
political unrest

Bapco probe report today

Bahrain's parliament will today reveal details of a probe into absenteeism among Bapco workers during the recent political unrest. Energy Minister Dr Abdulhussain Mirza will also decide on what action should be taken against those foun


Mideast upheaval signals sovereign fund rethink

Popular revolts across the resource-rich Middle East and North Africa may transform the management of windfall oil wealth, potentially denting national balance sheets, boosting inflation and disturbing world markets. The region's state


Forum to probe fallout of ME crisis

The impact of recent political developments across the region, including in Egypt and Bahrain, will be one of the key topics debated at a capital markets conference in the kingdom today. Arindon, the Bahrain-based investor relations compan


Moody's downgrades five Egyptian banks

Moody's Investors Service has downgraded the ratings of five Egyptian banks - National Bank of Egypt, Banque Misr, Banque du Caire, Commercial International Bank and Bank of Alexandria. The ratings on the five banks remain under review


Egypt bank closures cut off vital Gulf remittances

The closure of Egyptian banks has prevented Gulf-based Egyptians, who make up the bulk of the population living abroad, from sending vital remittances back to the country, exchange operators said on Tuesday. Egypt, racked by political unre


Moody's downgrades Egypt outlook to negative

Moody's Investors Service has downgraded Egypt's government bond ratings to Ba2 from Ba1 and has changed the outlook to negative from stable. 'Today's rating action was prompted by the recent significant rise in political e

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