economy

Political forces launch initiative to salvage the revolution
Egypt

Political forces launch initiative to salvage the revolution

  Fifty political parties, civil society organizations, youth coalitions, syndicates and student unions on Thursday launched an initiative to salvage…
IMF: Political, security uncertainty hinders Mideast growth
Business

IMF: Political, security uncertainty hinders Mideast growth

Oil-exporting states in the Middle East will lead economic growth in the region, where pro-democracy uprisings have been pushing for…
Govt report: Rice, meat, fish prices rose in August
Egypt

Govt report: Rice, meat, fish prices rose in August

Local rice, meat and fish prices were higher in August than July, an Egyptian government report said on Tuesday. The…
UAE lends Egypt US$1.5 billion
Business

UAE lends Egypt US$1.5 billion

The United Arab Emirates (UAE) ambassador in Cairo, Mohamed al-Zahiry, said on Sunday that his country is lending Egypt US$1.5…
Egypt considers renegotiating loan with IMF
Business

Egypt considers renegotiating loan with IMF

Senior official sources have revealed that the Egyptian government is considering renegotiating with the International Monetary Fund (IMF) for a…
Post-revolt Egypt unlikely to yield big investment openings
Business

Post-revolt Egypt unlikely to yield big investment openings

The political unrest in North Africa and the Middle East is unlikely to produce significant investment opportunities for multinational corporations…
Egypt tourist arrivals down a third in Q2
Business

Egypt tourist arrivals down a third in Q2

Tourist arrivals in Egypt dropped by 35.4 percent in the second quarter following the unrest that surrounded the overthrow of…
Egypt BoP deficit at US$9.2 bln in FY 2011
Business

Egypt BoP deficit at US$9.2 bln in FY 2011

Egypt had a balance of payments deficit of US$9.2 billion in the financial year 2010-11, reversing a surplus of $3.4…
Al-Qaeda could benefit from dysfunctional democracy and economy in Egypt, warns EU
Egypt

Al-Qaeda could benefit from dysfunctional democracy and economy in Egypt, warns EU

BRUSSELS - The Arab uprisings have provided an opportunity for Al-Qaeda, the EU's counter-terrorism chief said Monday, underlining the need…
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