economics

Government special funds have LE36.2 billion, says minister
Egypt

Government special funds have LE36.2 billion, says minister

At a press conference after a cabinet meeting Wednesday, Minister of Planning and International Cooperation Fayza Abouelnaga said that an…
FJP demands details from cabinet on IMF loan plan
Egypt

FJP demands details from cabinet on IMF loan plan

The Freedom and Justice Party still rejects a proposed US$3.2 billion loan from the International Monetary Fund, since the government…
Turkey reveals symbol for its currency
World

Turkey reveals symbol for its currency

Turkey on Thursday introduced a symbol for its national currency, the Turkish lira, in a move that reflects the country's…
Syria currency reserves to run out soon, diplomat says
World

Syria currency reserves to run out soon, diplomat says

Syria will exhaust its foreign currency reserves in three to five months, sparking crisis in an economy reeling from sanctions…
Iran plans US$5 bln worth of investments in Egypt
Business

Iran plans US$5 bln worth of investments in Egypt

Experts said a number of joint projects between Egypt and Iran would bring in Iranian investments worth US$5 billion to…
Fitch downgrades Egypt credit rating over security, political conditions
Business

Fitch downgrades Egypt credit rating over security, political conditions

Fitch Ratings dropped Egypt’s credit rating by one notch to BB, which reflects the substantial and continuous erosion of Egypt's…
Arab League: 25 million Arabs are unemployed
Business

Arab League: 25 million Arabs are unemployed

A survey by the Arab League’s Young Arabs Forum said 65 percent of the sample believed that unemployment was the…
Tackling Egypt’s poverty problem
Business

Tackling Egypt’s poverty problem

The Egyptian government released this week its latest figures on poverty in Egypt and the signs are not good. The…
Brazil suggests summit to push for WTO Doha deal
World

Brazil suggests summit to push for WTO Doha deal

Davos, Switzerland--Brazil has suggested that world leaders meet to give a final push to long-stalled negotiations for a global trade…
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