CAIRO: Rumors about an impending hike in fuel prices sent Egyptians lining up at gas stations, spotlighting the latest crisis in Egypt's political transition at a time when the economy is reeling and anger is widespread over the pace of reform after (...)
CAIRO: An International Monetary Fund mission has arrived in Egypt for talks on a possible support package of $3.2 billion as the nation's economy reels from the effect of months of protests following former president Hosni Mubarak's (...)
CAIRO: Ratings agency Standard & Poor's on Thursday pushed Egypt's sovereign credit ratings deeper into junk status, citing the country's dire political and economic situation and the increased risk of civil strife.
The cut is the latest blow to (...)
CAIRO: Egypt's benchmark stock index tumbled more than 2 percent on Sunday as clashes between protesters and security forces entered their second day, rattling investor confidence in the country's already stumbling economy.
The Egyptian (...)
CAIRO: Egypt's finance minister said Wednesday his offer to resign succeeded in sending a message of protest over the military's handling of deadly clashes on Sunday in Cairo even if the military rulers ultimately refused to allow him to stand (...)
CAIRO: A work slowdown by air traffic controllers delayed scores of flights and left passengers stranded for many hours in Cairo's international airport, wreaking havoc in the latest example of cascading labor unrest that officials and analysts say (...)
UNITED NATIONS — Egypt's foreign minister said Monday his country will always respect its landmark peace treaty with Israel and is seeking ways to strengthen its "strategic relationship" with the United States.
Mohamed Kamel Amr's comments in an (...)
UNITED NATIONS: Egypt's foreign minister said Monday his country will always respect its landmark peace treaty with Israel and is seeking ways to strengthen its "strategic relationship" with the United States.
Mohamed Amr's comments in an (...)
UNITED NATIONS — Mahmoud Abbas' bold bid for U.N recognition of Palestinian statehood is doomed to fail but has won him admiration at home and re-energized international efforts to seek a negotiated settlement.
Thousands of jubilant, flag-waving (...)
NEW YORK (AP) — The world's major industrialized nations pledged Tuesday quick and concrete action with a long-term political and economic impact to support Arab nations as they move along the road to democratic reform after uprisings that toppled (...)
CAIRO: Egypt's benchmark stock index fell slightly on Sunday, weighed down by investor unease after the storming of Israel's embassy and protests in Cairo over the weekend. Inflation, meanwhile, eased in August to 8.5 percent on a slower increase in (...)
CAIRO: The Arab Spring hasn't come cheap.
Uprisings this year across the Arab world — stoked by chasms of income disparity, high unemployment and inflation — are now being addressed with pledges of money.
From Egypt to the Gulf states, more (...)
link: Tahrir Square, Hosni Mubarak
TALKHA, Egypt — The sun was already searing the pavement on the early June morning when Mariam Hawas and her co-workers from the garment factory descended on the bank.
The bank employees knew why they'd come and (...)
CAIRO: Egypt's benchmark stock index dropped by more than 2.6 percent Monday, dragged down by concerns of mounting unrest in the Arab world's most populous nation.
The decline built on the EGX30 index's nearly 1.7 percent decline a day earlier (...)
CAIRO: The quarrel on a bridge spanning the Nile went like this.
A driver stops to gawk at protesters crowding the sidewalks along the bridge. Traffic is snarled. Tempers flare and car horns blare. A well-dressed man jumps out of his car to berate (...)
CAIRO: Qatar is looking at pumping up to $10 billion through investments and projects into Egypt, the Gulf emirate's ambassador was quoted as saying Tuesday, offering new hope to an economy ravaged by the unrest that ousted former president Hosni (...)
CAIRO: Egypt's budget deficit could hit LE 185 billion pounds ($31 billion) in the next fiscal year, the country's finance minister said Thursday.
His remarks came just hours before the US promised to relieve “democratic Egypt of up to $1 billion (...)
CAIRO: The price tag for the labor unrest and political protests that have roiled Egypt since the outbreak of the mass demonstrations that ousted President Hosni Mubarak has reached LE 20.5 billion ($3.5 billion), the country's finance minister said (...)
CAIRO: Egypt's benchmark stock index tumbled over 3 percent on Monday, pulling the market lower for a second consecutive day as investor worries mounted that an investigation into the head of a leading Mideast private equity firm signaled a major (...)
CAIRO: OPEC is worried about the recent surge in global oil prices and its potential impact on the world economy, but the market is oversupplied, several oil officials said Monday suggesting the bloc will not raise its output at its June (...)
CAIRO: Egypt's benchmark stock index plunged by more than 3 percent on Sunday, in a decline brokers attributed to the decision to ban the chairman of a major Mideast private equity firm from traveling abroad pending a corruption (...)
CAIRO: Saudi billionaire Prince Alwaleed bin Talal said Wednesday he had submitted a settlement plan over tens of thousands of acres of agricultural land that critics contend were bought at cut-rate prices in another example of the cronyism rampant (...)
CAIRO: Egypt's stock market is poised to reopen after a nearly two-month closure that many feared would further rattle already-shaken investor confidence in the country after the mass uprisings that toppled Hosni Mubarak's regime.
The relaunch of (...)
CAIRO: Moody's Investor's Service pushed Egypt's sovereign bond rating deeper into junk status on Wednesday, the latest symptom of uncertainty about the country's political shifts as it struggles to enact sweeping reforms following Hosni Mubarak's (...)
CAIRO: Egyptian officials have again delayed the restart of the country's stock exchange, a move that brokers said Tuesday would likely only undercut investor confidence in a market many expect to take a hammering as the country struggles to regain (...)