economic crisis

Fitch downgrades Egypt currency rating over political uncertainties
Business

Fitch downgrades Egypt currency rating over political uncertainties

Fitch Ratings said it had downgraded Egypt's long-term foreign currency rating from BB- to B+ with a negative outlook because…
IMF head Lagarde: IMF loan for Egypt won’t be enough
Business

IMF head Lagarde: IMF loan for Egypt won’t be enough

WASHINGTON, D.C. — Egypt's request for a US$3.2 billion IMF loan will not be enough to meet the country's financial…
Ganzouri faces tough task selling IMF reforms
Business

Ganzouri faces tough task selling IMF reforms

  Egypt's interim government will have to muster all its skills of persuasion to sell austerity measures to a country…
Economic gloom begins to lift in Egypt
Business

Economic gloom begins to lift in Egypt

When Egypt's stock market index climbed this week to its highest level since last July, it was more than a…
Customers cut mobile phone services in bad economy
Business

Customers cut mobile phone services in bad economy

The number of customers accessing the internet through mobile phone networks declined significantly in past months, according to a government…
Hundreds of thousands protest Spanish labor reforms
World

Hundreds of thousands protest Spanish labor reforms

Hundreds of thousands of people, many waving red and white union flags, protested across Spain on Sunday against sweeping labor…
FJP expects economic crisis to continue for 2 more years
Egypt

FJP expects economic crisis to continue for 2 more years

The Freedom and Justice Party (FJP), the Muslim Brotherhood’s political arm, expects the economic crisis to last for an additional…
A sacrificed generation?
World

A sacrificed generation?

ATHENS — In the shadow of the crisis that plunged Greece into a critical economic situation, young Athenians are concerned…
ElBaradei unveils own crisis plan for Egypt’s economy
Egypt

ElBaradei unveils own crisis plan for Egypt’s economy

Presidential candidate Mohamed ElBaradei has outlined a strategy for Egypt's government to follow to lift the country out of economic…
SCAF agreement is no surprise
Opinion

SCAF agreement is no surprise

The agreement concluded between the Supreme Council of the Armed Forces (SCAF) and 13 political parties on Saturday has been…
Back to top button