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The cash shortage is raising questions about Egypt’s ability to keep importing wheat that is essential to the food supply, stirring fears of an economic catastrophe.
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KHARTOUM, April 5- Egypt and Sudan want to launch joint farming, livestock and biofuel projects to help double bilateral trade, Egypt's President Mohamed Mursi said on Friday during his first visit to Khartoum.
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*Tele2 says deal is closed, eight days after unveiled. *Vimpelcom, a Fridman investment, has bid for Tele2 unit, alongside MTS. Fridman is linked with two bids for the Russian unit of Nordic operator Tele2- one from his A1 vehicle and the other, at a higher price, from MTS and Vimpelcom, in which he is a leading investor.
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SEOUL/ WASHINGTON- The United States said it would soon send a missile defence system to Guam to defend it from North Korea, as the U.S. military adjusts to what Defense Secretary Chuck Hagel called a "real and clear danger" from Pyongyang.
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SEOUL/ WASHINGTON- The United States said it would soon send a missile defence system to Guam to defend it from North Korea, as the U.S. military adjusts to what Defense Secretary Chuck Hagel called a "real and clear danger" from Pyongyang.
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LONDON, April 4- Former chief executive Frank Chapman and other top bosses at BG Group will get no performance bonus for 2012 because of the weakened position of the company, even though they met the criteria for one to be considered.
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*$4.8 billion loan needed to bolster economy in crisis. CAIRO, April 4- Egypt's planning minister said on Thursday the government expects to reach a final agreement with the International Monetary Fund on a $4.8 billion loan within two weeks, the state news agency MENA reported.
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CAIRO, April 4- Egypt's planning minister said on Thursday the government expects to reach a final agreement with the International Monetary Fund over a $4.8 billion loan within two weeks, the state news agency MENA reported. Ashraf al-Araby also said that Cairo had not requested an increase in the amount of the loan, needed to avert a deepening economic crisis.
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CAIRO, April 4- Egypt's planning minister Ashraf al-Araby said on Thursday the government will reach a final agreement with the International Monetary Fund over a $4.8 billion loan within two weeks, the state news agency MENA reported. Araby also said that Egypt has not requested an increase in the amount of the loan.
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LONDON, April 4- Stronger manufacturing and services output in China helped lift emerging market business confidence in March, masking slower growth in Brazil, Russia and India, a monthly purchasing managers' survey showed.
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DEAD SEA, Jordan, April 3- After midnight on one of Jordan's busiest highways, only the beaming headlights of vehicles driving between the capital Amman and the Dead Sea pierce the gloom. The highway is lined with street lights as it weaves down from Amman to the valley floor below sea level, but none are switched on.
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CAIRO, April 3- After buying gold plates for 100,000 Egyptian pounds, Naer Wahid is considering whether to use the rest of his savings to acquire, with his sisters, an apartment or plot of land outside Cairo.
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JERUSALEM- Israel pressed Hamas on Wednesday to rein in rocket-firing militants in the Gaza Strip after the most serious outbreak of cross-border hostilities since a ceasefire ended an eight-day war in November.
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*Moussa, Abolghar both say Egypt needs the loan. CAIRO, April 2- Egypt predicts a speedy conclusion to talks with the International Monetary Fund on a $4.8 billion loan that will help save its economy from crisis.
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Israel moved closer to its goal of energy independence as natural gas from a large offshore field began flowing into the country, a harbinger of important change that will benefit the country.
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SEOUL- South Korea will strike back if the North stages any attack on its territory, the new president warned on Monday, as tensions ratcheted higher on the Korean peninsula amid shrill rhetoric from Pyongyang and the U.S. deployment of radar-evading fighters.
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IOWA CITY, Iowa-- Federal regulators have issued a permit to allow construction of a $1.3 billion fertilizer plant in Iowa after a deal was reached to require workers to monitor the site to ensure it is not an Indian burial ground, an official told The Associated Press on Monday.
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CAIRO, March 31- Egypt's stock exchange said on Sunday a subsidiary of Russian billionaire Mikhail Fridman's Altimo had offered to buy 100 percent of Egypt's Orascom Telecom. The $3.7 billion offer from a Cyprus- based firm owned by Altimo is at a price of $0.70 per share for all of Orascom Telecom's 5.245 billion shares, the statement said.
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CAIRO, March 30- Egypt will receive payment facilities from American and European suppliers of wheat, an Egyptian newspaper on Saturday quoted minister of supplies Bassem Ouda as saying, as the world's biggest wheat importer struggles to pay for imports.
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CAIRO, March 30- Egypt will receive payment facilities from its American and European suppliers of wheat, an Egyptian newspaper on Saturday quoted minister of supplies Bassem Ouda as saying, as the world's biggest wheat importer struggles to pay for imports.
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The cash shortage is raising questions about Egypt’s ability to keep importing wheat that is essential to the food supply, stirring fears of an economic catastrophe.