Hosni Mubarak
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Egypt's army chief said political strife was pushing the state to the brink of collapse - a stark warning from the institution that ran the country until last year, as Cairo's first elected leader struggles to contain bloody street violence.
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AMMAN, May 25- Arab spring countries face rising social tensions that could thwart an early economic recovery from over two years of political turmoil that has worsened fiscal pressures and threatens macroeconomic stability, a senior IMF official said on Saturday.
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*Cairo needs to cut spending but austerity risks more social unrest. *Analysts urge Cairo to move quickly to secure IMF loan. AL-SAFF, Egypt, May 22- Hundreds of soot-stained factory chimneys dot the horizon in the industrial city of al-Saff, south of Cairo, but only a few spew black smoke.
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CAIRO, May 15- Egypt said on Wednesday it had settled disputes with the Dubai- based developer DAMAC involving projects dating back to the Mubarak era- an agreement the government hopes will reassure prospective investors.
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By Tom Perry and Yasmine Saleh. CAIRO, May 7- Egyptian President Mohamed Mursi increased the influence of his Muslim Brotherhood over government in a cabinet reshuffle that replaced two ministers involved in crucial talks with the IMF over a $4.8 billion loan.
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CAIRO, May 7- Egypt said it expected crude oil imports to start arriving next month after Libya and Iraq agreed to make shipments to help Cairo weather an economic crisis. Iraq said during a visit by Egypt's Prime Minister Hisham Kandil to Baghdad in March that it had agreed to supply Egypt with 4 million barrels of oil per month.
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*Egypt seeks much-needed $4.8 bln IMF loan. By Tom Perry and Yasmine Saleh. CAIRO, May 7- Egyptian President Mohamed Mursi increased the influence of his Muslim Brotherhood over government in a reshuffle that replaced two ministers involved in crucial talks with the International Monetary Fund over a $4.8 billion loan.
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DUBAI, May 5- Islamist-ruled Egypt is open to visitors who drink alcohol and wear bikinis as it sets out to boost numbers by at least a fifth this year, the tourism minister said on Sunday. "Bikinis are welcome in Egypt and booze is still being served," Zaazou, speaking in English, told a news conference during a visit to the United Arab Emirates.
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DUBAI, May 5- Islamist-ruled Egypt is open to visitors who drink alcohol and wear bikinis as it sets out to boost numbers by at least a fifth this year, the tourism minister said on Sunday. "Bikinis are welcome in Egypt and booze is still being served," Zaazou, speaking in English, told a news conference during a visit to the United Arab Emirates.
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CAIRO, May 4- Egypt hopes to lower its budget deficit to 5.5 percent in the 2016-1017 fiscal year from 10.7 percent in 2012/ 13, the finance minister told Egypt's Al-Ahram daily newspaper on Saturday.
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0836 GMT- Egypt's large-cap Orascom Construction Industries. The settlement with the Egyptian Tax Authority should pave the way for OCI to go ahead with a plan for its Dutch-listed parent company to publicly tender for OCI shares listed on the Egyptian stock exchange, OCI said.
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*Deal failed to receive nod from Egypt regulator. *EFG co-CEOs under trial in Egypt on corruption charges. CAIRO/ DUBAI, May 1- EFG Hermes, one of the largest investment banks in the Middle East, plans to cut costs, sell non-core assets, and return cash to shareholders after a planned tie-up with Qatar's QInvest failed on Wednesday.
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CAIRO/ DUBAI, May 1- A proposed tie-up between Egypt's largest investment bank EFG Hermes and Qatar's QInvest has been terminated after the two parties failed to receive regulatory approval for the transaction in Egypt.
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CAIRO, April 30- Egypt will keep all state-owned firms in public hands, President Mohamed Mursi said in a speech on Tuesday, calling a halt to a flawed privatisation programme that failed to kick-start the country's economy.
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CAIRO, April 29- Qatar wants 5 percent interest on $3 billion in bonds it has offered to buy from Egypt, an Egyptian official involved in the talks said on Monday, a price higher than expected yet one that Cairo may have to accept.
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*Interest free credit oil deal to last a year* Aid will help Egypt avoid further shortages and unrest* Foreign oil firms cut Egypt supplies over credit worries* Tripoli seeking extradition of Gaddafi cousin from Egypt By Jessica Donati and Ghaith Shennib.
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CAIRO, April 29- Egypt's economy is poised to grow by only 3 percent in the fiscal year ending June 2014, well below the pace needed to generate jobs for the country's disaffected youth, and lower than previously forecast, a Reuters poll showed.
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*Egypt seeking $4.8 billion loan from IMF. CAIRO, April 28- A key Egyptian negotiator with the International Monetary Fund said on Sunday he has resigned as first deputy finance minister, in a potential blow to Cairo's prospects of an early IMF deal.
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CAIRO, April 28- A key Egyptian negotiator with the International Monetary Fund said on Sunday he has resigned as first deputy finance minister, in a potential blow to Cairo's prospects of an early IMF deal.
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CAIRO, April 28- A key Egyptian negotiator with the International Monetary Fund said on Sunday he has resigned as first deputy finance minister, in a potential blow to Cairo's prospects of an early IMF deal.
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CAIRO, April 28- A key Egyptian negotiator with the International Monetary Fund said on Sunday he has resigned as first deputy finance minister, in a potential blow to Cairo's prospects of an early IMF deal.