Hosni Mubarak
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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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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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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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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.
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*Wheat stocks down to 85 days, bread riots a key worry. LONDON/ CAIRO, March 28- Egypt has hit breaking point in its ability to pay for imports of oil, wheat and other basic commodities, forcing it to call in diplomatic favours or seek easy payment terms from suppliers who hope for future advantage in return.
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He did not give details of the divers' possible motive in severing the link he said belonged to Egypt Telecom, the country's monopoly landline provider.
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*Libya denies reports Tripoli will deposit $2 bln in Egypt c.bank. CAIRO/ DOHA, March 27- Egypt will import 900,000 barrels of oil a month from Libya starting in April and is paying off some of the money it owes to foreign energy firms, its oil minister said, in steps aimed at easing energy shortages that are hitting the economy.
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DOHA, March 27- Libya is considering extending financial aid to Egypt to help its North African neighbour overcome a severe economic crisis, Libyan Prime Minister Ali Zaidan said on Wednesday. Several newspapers had reported this week that Libya will deposit $2 billion at Egypt's central bank to support the economy but Zaidan said nothing had been decided yet.
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CAIRO, March 27- After two years of political upheaval and weakness in the economy, companies in Egypt are struggling with a sinking currency and a shortage of foreign exchange, forcing some to make painful changes to their business plans.
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CAIRO, March 27- After two years of political upheaval and weakness in the economy, companies in Egypt are struggling with a sinking currency and a shortage of foreign exchange, forcing some to make painful changes to their business plans.
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*Libya denies reports Tripoli will deposit $2 bln in Egypt c.bank. CAIRO, March 27- Egypt will import 900,000 barrels of oil a month from Libya starting in April and is paying off some of the money it owes to foreign energy firms, its oil minister said, in steps aimed at easing energy shortages that are hitting the economy.
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CAIRO, March 27- Egypt will import 900,000 barrels of oil a month from Libya starting in April and is paying off some of the money it owes to foreign energy firms, its oil minister was quoted as saying on Wednesday.
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CAIRO/ LONDON, March 25- Despite dangerously low stockpiles of wheat, Egypt is unlikely to be able to buy more at international tenders until at least the end of June, industry sources say, and its plans to grow record harvests at home to replace imports are unrealistic.
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CAIRO, March 24- Egyptian President Mohamed Mursi threatened on Sunday to take unspecified steps to "protect this nation" after violent demonstrations against his Muslim Brotherhood, using vague but severe language that the opposition said heralded a crackdown.
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CAIRO, March 23- Egypt will allow again hot air balloon flights which were halted in February when 19 people were killed in a crash near the ancient town of Luxor, state media said on Saturday. Tour operators would be allowed again to conduct hot air balloon flights from April 1, Civil Aviation Minister Wael al-Maadawi told state news agency MENA.
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CAIRO, March 21- Egypt's central bank raised interest rates on Thursday, hoping to curb soaring inflation and slow a sliding pound currency, but the first increase in over a year is likely to hurt a very weak economy.
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CAIRO, March 21- Egypt's central bank raised interest rates on Thursday, hoping to curb soaring inflation and slow a sliding pound currency, but the first increase in over a year is likely to hurt a very weak economy.
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NEW YORK, March 21- Moody's cut Egypt's credit rating on Thursday, citing unsettled political conditions and public finances, which it said raised the chance of a default within five years to nearly 40 percent.
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NEW YORK, March 21- Moody's cut Egypt's credit rating on Thursday, citing unsettled political conditions and public finances, which it said raised the chance of a default within five years to nearly 40 percent.