Dennis Ross, Counselor at The Washington Institute and former special aide to the Obama administration, explains why Egypt's regional importance would make walking away a mistake for the U.S.» Read More
*Egypt needs Gulf aid, renewal of confidence in economy. CAIRO, Dec 4- Egypt promised on Wednesday to pay $1.5 billion of the $6 billion it says it owes foreign oil companies, aiming to restore investor confidence in an economy damaged by nearly three years of political turmoil.
LONDON, Dec 3- Egypt has postponed any decision on taking a $4.8 billion loan from the IMF as financial aid from Gulf states has given Cairo some breathing space as it starts to conduct economic reforms, Deputy Prime Minister Ziad Bahaa El-Din said on Tuesday.
DUBAI/ DOHA, Dec 2- With one notable exception, wealthy Gulf Arab states are encouraging investment in Egypt to help shore up its army-backed government: the absentee is Qatar, rattled by the collapse of Islamist power in the biggest Arab country.
*Morocco relegated to frontier market stocks index. Morocco, which has avoided the worst of its neighbours' turmoil, became the latest casualty on Wednesday when it was relegated in the leading MSCI indices from the league of established emerging markets to the "frontier" division of economies with less developed capital markets.
*Tunisia remains a model three years after Arab Spring. TUNIS, Nov 25- Tunisia offers perhaps the last hope for Arab Spring democracy; only in the small nation that inspired revolts from Cairo to Tripoli has the negotiating table won out over the gun, so far.
*Wheat imports seen remaining at 5-5.5 mln tonnes to 2019. CAIRO, Nov 18- Egypt, the world's biggest wheat importer, can achieve self-sufficiency in wheat for its bread subsidy programme by 2019 if silo storage capacity is raised by 1 million tonnes annually, the agriculture minister said. This is 9 million tonnes, " Abou Hadid told Reuters in an interview on Monday.
LONDON/ DUBAI, Nov 18- For U.S. arms firms flocking to the Dubai Airshow this week, the Middle East has never been more important- the second fastest growing market after Asia as western defence spending shrinks. Lockheed Martin, Boeing, Northrop Grumman and other big companies are expanding in the Gulf, with executives openly pinning their hopes on the region.
*Sawiris to invest in Egypt in 2014. *Gulf money will not save Egypt. CAIRO, Nov 14- Egyptian tycoon Naguib Sawiris, whose family controls the Orascom corporate empire, said he would invest $1 billion in Egypt in 2014 and warned that urgent measures were needed to save the economy from collapse.
CAIRO, Nov 10- Egypt is engaged in a high stakes gamble, using billions of dollars from Gulf Arab allies to stimulate the economy and keep its politically charged streets calm in the hope that investors and tourists will return.
*Another blow to debilitated movement. CAIRO, Nov 6- Egypt's Muslim Brotherhood failed in an attempt on Wednesday to overturn a court ruling banning it, the state news agency said, another blow to the debilitated Islamist movement.
CAIRO, Nov 4- Ousted Egyptian leader Mohamed Mursi struck a defiant tone on the first day of his trial on Monday, chanting' Down with military rule', and calling himself the country's only' legitimate' president. Opponents of Egypt's army-backed government say the trial is part of a campaign to crush Mursi's Muslim Brotherhood movement and revive a police state.
CAIRO, Nov 4- Egypt began the trial of ousted president Mohamed Mursi on Monday in what opponents of the army-backed government say is part of a campaign to crush his Muslim Brotherhood movement and revive a police state.
CAIRO, Nov 4- Deposed Egyptian president Mohamed Mursi of the Muslim Brotherhood arrived at a Cairo police academy on Monday to face trial on charges of inciting violence, state media reported. It is the second time in just over two years that an ousted president has been in court in Egypt, a pivotal Arab nation some fear is sliding back into autocratic rule.
CAIRO, Nov 4- The first freely elected Egyptian president, Mohamed Mursi, goes on trial on Monday, the second time in just over two years that a deposed president has found himself in court in Egypt, a pivotal Arab nation some fear is sliding back into autocratic rule.
CAIRO, Nov 4- When Muslim Brotherhood leader Mohamed Mursi broke out of an Egyptian jail during Hosni Mubarak's final days in office in 2011, he little thought he would end up behind bars again.
*Doesn't expect many more years of instability in Egypt, North Africa. DUBAI, Oct 30- Templeton Emerging Markets Group is looking to increase its equities investment in Egypt because it thinks the political environment will stabilise and the government is committed to repairing the economy, the head of the group said.
*Egypt expects total recovery in tourism by end-2014- minister. CAIRO, Oct 29- Egypt aims to attract 13.5 million visitors next year, bringing in around $11 billion, as it launches an international campaign to lure back foreigners deterred by political turmoil, the tourism minister said.
CAIRO, Oct 27- Egypt is planning a charm offensive to persuade Gulf Arab entrepreneurs to invest in its economy, battered by political upheaval, protests and violence.
CAIRO, Oct 27- Egyptian Steel is preparing for an initial public offer of its shares in 2015 and is on track to boost its production capacity several-fold by then, chairman Ahmed Abou Hashima said.
CAIRO, Oct 23- Egypt is not interested in importing gas via pipeline from Israel and instead is focusing on a plan to import liquefied natural gas, a top Egyptian state executive said on Wednesday. Israel's energy and water minister said this week that it could supply Egypt with gas through a pipeline that already links them.