austerity
Middle-class Egypt adapts to survive as austerity bites
Egypt
December 15, 2017
Middle-class Egypt adapts to survive as austerity bites
Swapping new cars for cheaper models, cutting back on pricy supermarket shopping and giving up holidays abroad, middle-class Egyptians are…
Foreign Ministry has cut spending by 10% in past year: spokesperson
Egypt
October 25, 2016
Foreign Ministry has cut spending by 10% in past year: spokesperson
The Foreign Ministry has cut 10 percent from its expenditure in the past year as part of a Cabinet-led plan…
Saudi finance ministry to close annual accounts early in austerity step
Business
October 16, 2016
Saudi finance ministry to close annual accounts early in austerity step
Saudi Arabia's finance ministry will close its accounts for this year's budget on Nov. 15, the ministry said on Sunday…
In Egypt, IMF deal brings austerity few can afford
Economy
August 20, 2016
In Egypt, IMF deal brings austerity few can afford
A few years ago Imad would not have imagined himself queuing in the Cairo sun for a weekly ration of…
Spain’s anti-austerity parties pass Socialists ahead of election
World
June 5, 2016
Spain’s anti-austerity parties pass Socialists ahead of election
A coalition including Spain's anti-austerity party Podemos will take second place at the June 26 election, overtaking the more established…
Kuwait freedoms make austerity drive tricky for government
Business
May 2, 2016
Kuwait freedoms make austerity drive tricky for government
A three-day strike by oil workers in Kuwait last month over pay reforms shows the government faces considerable opposition as…
IMF says it’s encouraged by Gulf’s economic reform plans
Business
April 25, 2016
IMF says it’s encouraged by Gulf’s economic reform plans
The International Monetary Fund said it was encouraged by the efforts of Saudi Arabia and other Gulf Arab oil exporters…
Greek police turn to teargas as tempers flare over pensions
World
February 4, 2016
Greek police turn to teargas as tempers flare over pensions
Scuffles broke out and police used teargas during a mass rally in Athens on Thursday as Greeks railed against government…
Greece on a knife’s edge
Opinion
September 30, 2015
Greece on a knife’s edge
It has been exactly five years since Greece joined the European Support Mechanism with the close cooperation of the International…
Greek PM Tsipras says there is no going back to austerity
World
March 16, 2015
Greek PM Tsipras says there is no going back to austerity
Greece will not accept any return to austerity, leftist Prime Minister Alexis Tsipras said on Monday, adding that he was…