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Abu Dhabi’s Hilal Bank considers capital hike to fuel growth: CEO

Reuters – Abu Dhabi government-owned Al Hilal Bank is considering a capital increase this year to support growth of its operations, its chief executive said on Monday. The Islamic lender, owned by the Abu Dhabi Investment Council, an investment arm of the Abu Dhabi government, plans to expand its retail and wholesale banking business locally …

Daily News Egypt

Egypt to start fuel cuts in 2014: PM

In a country with an unemployment rate of 13 percent, mostly men aged between 15 and 29 years, and where 40 percent of the population lives below the poverty line, reducing government support for basic goods could lead to further turmoil.

Daily News Egypt