austerity
Government shuts down 12 media offices abroad to rationalize spending
Egypt
November 3, 2014
Government shuts down 12 media offices abroad to rationalize spending
The government has started an austerity plan by closing 12 media offices abroad this month, in accordance with presidential instructions…
Egypt to pay US$1.5 bn arrears to foreign oil companies, says Finance Minister
Egypt
December 4, 2013
Egypt to pay US$1.5 bn arrears to foreign oil companies, says Finance Minister
The Finance Ministry and the Central Bank of Egypt (CBE) have agreed to pay US$1.5 billion of the Petroleum Authority’s…
EU’s Rompuy: IMF deal will help Egypt’s ailing economy
Egypt
January 13, 2013
EU’s Rompuy: IMF deal will help Egypt’s ailing economy
CAIRO — A senior EU official urged Egypt on Sunday to conclude its talks with the International Monetary Fund on a…
Egypt says to reassure IMF in January visit
Business
January 3, 2013
Egypt says to reassure IMF in January visit
An International Monetary Fund mission will visit Egypt in January for talks on a US$4.8 billion loan agreement that was…
Is it collective suicide?
Opinion
December 17, 2012
Is it collective suicide?
Most observers have been paying close attention to the exciting dynamics of Egypt’s ongoing political crisis, which unfolded following the…
Anti-austerity strikes sweep southern Europe
World
November 14, 2012
Anti-austerity strikes sweep southern Europe
Police and protesters clashed in Spain, Italy and Portugal on Wednesday as millions of workers went on strike in organized…
In lifting 95-octane subsidy, government takes small bite out of deficit
Business
November 14, 2012
In lifting 95-octane subsidy, government takes small bite out of deficit
The Egyptian government has announced that it will lift the subsidy on 95-octane gasoline in the coming week, taking the…
EU wins 2012 Nobel Peace Prize
World
October 12, 2012
EU wins 2012 Nobel Peace Prize
OSLO — The European Union won the Nobel Peace Prize on Friday for its historic role in uniting the…
Greek suicide a potent symbol before election
World
April 5, 2012
Greek suicide a potent symbol before election
ATHENS - A Greek pensioner's suicide outside parliament has quickly become a symbol of the pain of austerity and has…
Greeks hurl petrol bombs as lawmakers weigh austerity
World
February 12, 2012
Greeks hurl petrol bombs as lawmakers weigh austerity
Black-masked protesters throwing petrol bombs created a wall of fire on Sunday outside Greece's parliament as lawmakers inside looked set…