Friday 25 July 2014
cash reserves

Egypt's fiscal status may be worse than estimated

Egypt's crumbling public finances may be in even worse shape than previously estimated. While stock and bond markets have cheered the ouster of unpopular President Mohamed Mursi by the army and Egypt's debt insurance costs


Emirates has $4bn in reserves: Sheikh Ahmed

Emirates, Dubai's flagship carrier, has $4 billion in cash reserves, its chairman Sheikh Ahmed bin Saeed Al-Maktoum told Al-Arabiya television on Wednesday. Emirates placed a blockbuster order for 50 Boeing 777 jetliners at the Dubai Air S


Arab economy safe, 'ready to bear any shock'

Arab finance ministers have shrugged off any threat to their economies from political upheaval and a global slowdown, saying ample cash reserves and mutual support would ensure they withstand new shocks. The 22 ministers promised to help e

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