Finance and Investment Club

AUC Finance and Economics Club Invest, Empower, Sustain.

The Thomson Reuters/University of Michigan index of consumer sentiment jumped to 79.3 in May, up from 76.4 in the previous month. That's the best reading since October 2007 — two months before the recession began.

U.S. consumer confidence highest in 4 1/2 years A better hiring outlook and lower gas prices pushed a measure of U.S. consumer confidence to its highest level in four and a half years.

As the public joined the frenzy aroundFacebook Inc.'s Wall Street debut, well-connected institutional investors were hearing a more sobering message: The social network's main business, advertising, was sputtering.

Businesses struggle to turn Facebook ads into higher sales

EFG shares gain 5.6% after the announcement that EFG Hermes and QInvest Look to Create Strategic Alliance.

UPDATE: Egypt's EFG Hermes, Qatar's QInvest Mull Investment Bank Tie-up - Financial Services - Zawya Egypt's EFG Hermes (HRHO.CI) and Qatar's QInvest are in talks to create what could become one of the Middle East's largest investment banks, at a time when the region's wider financial industry is under pressure to consolidate due to falling profits.

LONDON (Dow Jones) -- Iran's crude-oil exports appear to have dropped sharply for the first time this year according to an authoritative consultancy, the strongest sign so far that sanctions targeting Tehran's most-important revenue stream are working.

2nd UPDATE: Iran Oil Exports Drop In March As Sanctions Bite -Source - Oil & Gas - Zawya Iran's crude-oil exports appear to have dropped sharply for the first time this year according to an authoritative consultancy, the strongest sign so far that sanctions targeting Tehran's most-important revenue stream are working.

Dubai Egypt will be taken before international arbitration courts by Saudi investors that claim to have lost over $350 million (Dh1.28 billion) following asset seizures.

Saudi investors to take Egypt to court over seizures - Legal - Zawya Egypt will be taken before international arbitration courts by Saudi investors that claim to have lost over USD 350 million (AED 1.28 billion) following asset seizures.

An International Monetary Fund delegation is expected to arrive in Egypt early this week to discuss the modalities of a $3.2 billion loan facility, an official at the Arab state's ministry of finance said Sunday.

IMF To Visit Egypt This Week To Discuss $3.2 Bln Loan Deal - Official - Money - Zawya The IMF earlier this month said it is reviewing an economic program proposed by Cairo and will send a team to Egypt in the second half of March.

Egypt plans to offer $2 billion of certificates of deposit to its citizens working in the oil-rich Persian Gulf states as part of efforts to rebuild foreign currency reserves and protect the currency, according to an official at the state-owned National Bank of Egypt.

Egypt Plans To Raise Funds From Gulf Expatriates - Egypt - Zawya Egypt plans to offer USD 2 billion of certificates of deposit to its citizens working in the oil-rich Persian Gulf states as part of efforts to rebuild foreign currency reserves and protect the currency.