Articles written by: Sharif Yamani

Sharif Yamani
Written by :
on : Friday, 7 Feb, 2014

African Development Bank will not halt loans to Egypt

Cairo, Asharq Al-Awsat—In comments to Asharq Al-Awasat, a senior executive from the African Development Bank (AfDB) denied the development finance institution would be halting its loans to Egypt. Reports have been circulating that the Ivory Coast-based AfDB would be pulling its funding from Egypt following the African Union’s decision to revoke the latter’s membership after the ouster of former President Mohamed Mursi last July. Aly Abou-Sabaa, vice president of the AfDB’s Sec...

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Sharif Yamani
Written by :
on : Tuesday, 28 Jan, 2014

Egypt launches index for small and mid-cap companies

Cairo, Asharq Al-Awasat—In a move to help develop Egypt’s capital markets, the Egyptian Exchange (EGX) announced on Sunday the launch of a new index for the Nile Stock Exchange (Nilex), the country’s small and mid-cap stock market. EGX Chairman Dr. Mohamed Omran said the move was made to fully activate the exchange, on which 24 small and medium sized companies currently trade, after it changed from using an auction to a regular trading system in November 2011, providing the necessary t...

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Sharif Yamani
Written by :
on : Tuesday, 14 Jan, 2014

Egyptians begin voting on constitution

Cairo, Asharq Al-Awsat—Amid a heightened security atmosphere across the country on Tuesday, Egyptians began voting in a referendum over amendments to the country’s 2012 con...

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Sharif Yamani
Written by :
on : Wednesday, 8 Jan, 2014

Egypt central bank eases control on foreign transfers

Cairo, Asharq Al-Awsat—The Central Bank of Egypt has eased restrictions on foreign currency transfers abroad, allowing individuals to make a one-time transfer of up to 100,00...

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Sharif Yamani
Written by :
on : Friday, 13 Dec, 2013

EU grants Egypt 20 mn euros for development projects

Cairo, Asharq Al-Awsat—The European Union and the German-sponsored Participatory Development Program in Urban Areas (PDP) agreed a five-year developmental program worth 20 mi...

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Sharif Yamani
Written by :
on : Saturday, 9 Nov, 2013

Egypt finance minister: New government will change economic policy

Cairo, Asharq Al-Awsat—Speaking to Asharq Al-Awsat from his office in Cairo, Egyptian finance minister Ahmed Galal gave his take on the state of the Egyptian economy and gove...

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Sharif Yamani
Written by :
on : Wednesday, 4 Sep, 2013

Egypt launches new five-year investment plan

Cairo, Asharq Al-Awsat—The Egyptian government announced the launch of the first integrated industrial map for industrial investment on Tuesday. The government claims that th...

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Sharif Yamani
Written by :
on : Monday, 19 Aug, 2013

Egyptian stock exchange loses USD 1 billion

Cairo, Asharq Al-Awsat–The Egyptian stock exchange fell yesterday following fears caused by the ongoing unrest, taking the index to its lowest level since mid-June. Sales by fore...

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Sharif Yamani
Written by :
on : Wednesday, 31 Jul, 2013

Egypt postpones Qatari bond issue

Cairo, Asharq Al-Awsat—Hamdi Samir, adviser to the minister of finance for public debt affairs has said the plan to issue Egyptian bonds in favor of Qatar has been temporaril...

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Sharif Yamani
Written by :
on : Friday, 19 Jul, 2013

Egypt to invite private investors into electricity sector

Cairo, Asharq Al-Awsat—Egypt's Minister of electricity Ahmad Emam said on Wednesday that Egypt was planning to solicit bids for new power plants from private sector investors. ...

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