New York Times | 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 Bailout Egypt's Extremely Sensible Decision To Float The Pound - Greece Should Take Note From float to subsidy cuts, Egypt says no time to delay reforms |
Can Egypt's currency devaluation boost its economy? Aljazeera.com Egypt's Central Bank governor says it's a turning point in the country's economy. Devaluing its currency is one of the requirements laid out by the International Monetary Fund (IMF), in order for Cairo to receive a $12bn loan. The cash-strapped ... |
WND.com | Egypt arrests militants, links them to Muslim Brotherhood Reuters CAIRO Egyptian authorities said on Friday they had arrested members of two recently emerged militant groups, along with weapons, explosives and evidence that the organizations had been set up by the Muslim Brotherhood. Police detained five leaders and ... Egypt warning Hillary victory will 'arouse' Muslim Brotherhood |
South China Morning Post | Egypt cracks down by arresting militants and tying them to Muslim Brotherhood South China Morning Post Egyptian authorities said on Friday they had arrested members of two recently emerged militant groups, along with weapons, explosives and evidence that the organisations had been set up by the Muslim Brotherhood. Police detained five leaders and other ... Egypt police arrest suspects allegedly behind murder of top prosecutor |
Aljazeera.com | ISIL gunmen kill Egyptian general in Sinai Aljazeera.com An Egyptian general was killed by gunmen near his home in North Sinai, the military said, the second soldier of his rank to be shot dead in as many weeks. Islamic State of Iraq and the Levant (ISIL) claimed responsibility for Friday's attack, in which ... Isis claims responsibility for killing of Egyptian general Third high-ranking Egypt army officer killed in 2 weeks Egyptian army brigadier general shot dead in North Sinai |
Christian Science Monitor | Amid Anger, Egypt PM Defends Painful Economic Measures ABC News Egypt's prime minister tried to reassure an anxious public on Friday as Egyptians expressed alarm and anger over prices that swiftly soared a day after the nation's currency was floated, sending its value tumbling as fuel subsidies were cut. In the ... Egypt tiptoes toward a 'breaking point' Egypt prime minister defends painful economic measures Egypt metro cannot operate on current ticket price: PM |
RT | Poland's claim that Egypt sold Mistral warships to Russia for €1 ... RT The French defense minister lashed at his Polish counterpart for claiming that Egypt had resold French-built amphibious assault ships initially intended for ... |
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 ... |
CNN | Sugar crash sparks crisis in Egypt CNN 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 ... Egypt's Sugar Shortage a Window on Economic Policy Confusion |
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-OIC Egypt Criticizes Ex-Saudi Minister For Sissi 'Fridge' Joke Head of Saudi-based Islamic Organization Resigns After Mocking Egypt's President |