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Egypt cabinet reshuffle to next week CAIRO: A reshuffle of the Egyptian cabinet will be done early next week, Prime Minister Hisham Kandil said in remarks carried on state newspaper al-Ahram's website on Monday, but he declined to give details on which ministries will be affected. President Mohamed Mursi's opponents have been demanding the formation of a new government to oversee parliamentary elections expected to begin this year. The Muslim Brotherhood, the movement that propelled Mursi to power last year, has also become increasingly critical of the Kandil government. Copyright Reuters, 2013 ...

Egypt justice minister resigns ahead of reshuffle CAIRO: Egypt's Justice Minister Ahmed Mekki resigned on Sunday ahead of a cabinet reshuffle in which he was expected to be replaced, state media reported.President Mohamed Morsi had said on Saturday he would order the reshuffle "soon," after months of pressure by opposition groups that demand an overhaul of the government before dropping a boycott of parliamentary elections.Egyptian media had reported that Mekki would be one of the ministers replaced in the shake up, which ...
Morsi to announce cabinet reshuffle: aide CAIRO: Egypt's President Mohamed Morsi is set to announce a cabinet reshuffle, a presidential aide said on Saturday, but it is unlikely to meet opposition demands for a complete overhaul of the government.Morsi wrote on his Twitter account that he would make "a ministerial change" and replace provincial governors, adding the posts would go to "those who are most qualified."A presidential palace official said Morsi's quote was taken from an interview that will be aired ...
Peacekeeper shot dead in Darfur region KHARTOUM: An international peacekeeper was shot dead by unknown gunmen in an eastern part of Sudan's Darfur region, the joint African Union-United Nations peacekeeping mission (UNAMID) said.The killing brings the total number of peacekeepers killed in Darfur since 2007 to 44, a UNAMID spokesman said.War broke out in Darfur in 2003 when rebels took up arms against the central government, accusing Khartoum of neglecting the remote region and marginalising its ethnic minorities.Despite the presence of ...
Suez Canal revenue $398.5mn in March CAIRO: Revenue from Egypt's Suez Canal rose 6 percent to 2.751 billion Egyptian pounds ($398.50 million) in March compared to the previous month, the Suez Canal Authority said on Saturday.Revenue in February was $375.3 million. In March 2012 it was $428 million.The waterway is one of the country's main sources of foreign currency, alongside tourism, oil and gas exports and remittances from Egyptians living abroad. Copyright Reuters, 2013 ...
Egypt police arrest 39 in Cairo clashes: judicial source CAIRO: Egyptian police made 39 arrests after clashes between rebel and opponents that saw both sides use firearms in central Cairo, leaving more than 100 people injured, officials said on Saturday.A judicial source said prosecutors have begun questioning the suspects, as the health ministry said Friday's violence had injured 105 people.The clashes began after opposition activists marched on Islamists holding a rally outside the Supreme Court to demand the ouster of judges they believe are ...
Qaddafi's spy chief yet to see lawyer in Libyan jail: HRW TRIPOLI: Muammar Qaddafi's former intelligence chief has not seen a lawyer and has not been told what charges he faces, Human Rights Watch said on Wednesday after making the first visit by an international rights group to his Libyan jail cell. Abdullah al-Senussi, once one of the most feared members of the Qaddafi regime, is wanted by the International Criminal Court (ICC) but Libya is resisting an order to hand him over, saying it is ...

 



 
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Banking Review 2012

Annual2011/12
Foreign Debt $65.562bn
Per Cap Income $1,372
GDP Growth 3.7%
Average CPI 10.08%
MonthlyApril
Trade Balance $-1.779 bln
Exports $2.130 bln
Imports $3.909 bln
WeeklyMay 20, 2013
Reserves $11.601 bln