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Middle East|Egypt Floats Currency, Appeasing IMF at Risk of Enraging Poor - New York Times Thu, 03 Nov 2016 18:44:10 GMT

New York Times

Middle East|Egypt Floats Currency, Appeasing IMF at Risk of Enraging Poor New York Times CAIRO — Egypt's central bank on Thursday said it would soon allow the country's currency to trade freely, part of a broader effort to save a free-falling economy and combat an increasingly prevalent black market for American dollars. The move will ... Egypt Floats Its Currency, Paving Way For An International BailoutNPR Egypt just massively devalued its currency, and here's what happens nextBusiness Insider Egypt's Extremely Sensible Decision To Float The Pound - Greece Should Take NoteForbes Wall Street Journal -BBC News -The Guardian all 166 news articles »

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Egypt tiptoes toward a 'breaking point' - Christian Science Monitor Thu, 03 Nov 2016 11:03:30 GMT

Christian Science Monitor

Egypt tiptoes toward a 'breaking point' Christian Science Monitor Another Arab Spring? Not likely. But Egyptians' frustration is rising over President Sisi's heavy hand and a faltering economy. Sisi floated the currency on Thursday under pressure from the IMF, with which Egypt is negotiating a loan. and more »

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No extra security for Israeli coach in Egypt - Arutz Sheva Fri, 04 Nov 2016 00:46:21 GMT

Arutz Sheva

No extra security for Israeli coach in Egypt Arutz Sheva Israeli soccer coach Avram Grant, who currently coaches Ghana's national team, will not receive extra security while his team plays in Egypt this coming Sunday. Tharwat Sweilam, the head of Egypt's Soccer Association, on Thursday denied reports that ... Egypt denies claims of fans planning to attack Israeli coachAl-Arabiya Ghana hand debut call-ups to duo for Egypt clashGhana Football Association EGYPT FOILS ATTACK ON COACH:Extremist fans planned to target Ghana coach Grant of IsraelThe Standard (press release) GhanaWeb -BBC News -Ahram Online all 188 news articles »

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Treating Battered Horses in the Shadow of Egypt's Pyramids - New York Times Wed, 02 Nov 2016 13:30:15 GMT

New York Times

Treating Battered Horses in the Shadow of Egypt's Pyramids New York Times GIZA, Egypt — In a dank stable in the shadow of the Pyramids, a stallion lay on the ground, his broken leg at an odd angle despite the cast wrapped around it. The owner, Farag Abu Ghoneim, hovered nearby as the animal was tended by an Australian nurse ...

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'We Don't Owe Anyone': Egypt Jousts With Its Chief Benefactor, Saudi Arabia - New York Times Tue, 01 Nov 2016 09:00:38 GMT

New York Times

'We Don't Owe Anyone': Egypt Jousts With Its Chief Benefactor, Saudi Arabia New York Times CAIRO — In the tumultuous two years since President Abdel Fattah el-Sisi of Egypt came to power, one ally has kept the Arab world's most populous country from economic ruin: Saudi Arabia pumped more than $25 billion into the faltering Egyptian economy ... ML--Saudi Arabia-Egypt-OICYahoo News Egypt Criticizes Ex-Saudi Minister For Sissi 'Fridge' JokeNewsweek OIC secretary-general Iyad Madani resigns following Egypt rowAhram Online all 78 news articles »

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Sugar crash sparks crisis in Egypt - CNN International Wed, 02 Nov 2016 11:16:41 GMT

CNN International

Sugar crash sparks crisis in Egypt CNN International Egypt has long consumed more sugar than it produces, plugging the gap through imports. But government tariffs on foreign sugar, combined with high global prices, and a shortage of foreign currency, have made imports prohibitive. The market has also ...

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MIDEAST STOCKS-Egypt jumps on currency float; Saudi up but Qatar sinks - Reuters Thu, 03 Nov 2016 14:02:33 GMT

Zawya

MIDEAST STOCKS-Egypt jumps on currency float; Saudi up but Qatar sinks Reuters DUBAI, Nov 3 Egypt's blue chip equities index jumped on Thursday after the central bank floated the currency, a step which could eventually resolve its hard currency shortage, while Saudi Arabia gained for a second straight week. The Egyptian EGX30 ... Currency float lifts Egyptian sharesThe National all 4 news articles »

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Egypt Non-Oil Business Activity Falls to Lowest Since 2013 - Bloomberg Thu, 03 Nov 2016 08:53:17 GMT

Bloomberg

Egypt Non-Oil Business Activity Falls to Lowest Since 2013 Bloomberg Business activity in Egypt hit its lowest level in more than three years in October, shrinking for a 13th month amid a foreign currency shortage, the pound's weakness in the black market and accelerating inflation. The Emirates NBD Purchasing Managers ... and more »

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Sugar crash sparks new crisis in Egypt - CNN.com - CNN Wed, 02 Nov 2016 14:07:52 GMT

CNN	Sugar crash sparks new crisis in Egypt - CNN.com CNN A sugar shortage has now extended for several weeks in Egypt, and tensions are running high. and more »

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Egypt Currency Reform Seen Driving Up Costs for Imported Fuel - Bloomberg Thu, 03 Nov 2016 17:18:34 GMT

Egypt Currency Reform Seen Driving Up Costs for Imported Fuel Bloomberg Egypt, which relies on imports to meets its energy needs, faces higher costs for gasoline and other oil products unless it cuts fuel subsidies after the government decided to float its currency, according to analysts at Petroleum Policy Intelligence ... and more »