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
CAIRO, Dec 30- Egypt's government will likely call a presidential election ahead of parliamentary polls, two officials said on Monday, rearranging the political timetable in a way that could see army chief Abdel Fattah al-Sisi elected head of state by April.
*Clashes flare in Cairo, other cities; scores injured. The violence broke out after Friday prayers and the health ministry said 87 people were injured nationwide in the clashes, which flared in Cairo and at least four other cities.
CAIRO, Dec 27- Muslim Brotherhood supporters and police clashed across Egypt on Friday, leaving at least three dead in protests after the army-backed government declared the group a terrorist organisation. Another man was killed in Minya, a bastion of Islamist support south of Cairo.
CAIRO, Dec 27- Muslim Brotherhood supporters and police clashed across Egypt on Friday, leaving at least two dead in protests after the army-backed government declared the group a terrorist organisation. An 18- year-old Brotherhood supporter was shot dead during clashes in the Nile Delta city of Damietta, police said.
*Muslim Brotherhood declared a terrorist group on Wednesday. *One person killed late on Thursday in clashes in Cairo.
CAIRO, Dec 23- Egypt will complete payment this week of $1.5 billion of the $6.3 billion it says it owes oil firms, a state executive said on Monday, in line with a plan aimed at restoring confidence in an economy hit by nearly three years of political turmoil.
ZURICH, Dec 18- Switzerland will block assets held by the toppled former presidents of Tunisia and Egypt for a further three years to give the two countries more time to investigate the origins of the money, the Swiss government said on Wednesday.
CAIRO, Dec 16- Egypt is planning a second 30 billion Egyptian pound economic stimulus package, Finance Minister Ahmed Galal said on Monday, up from a previously slated 24 billion pounds. The government launched the first package after it came to power in July following the army's removal of President Mohamed Mursi amid mass protests against his rule.
*Egypt says agrees timetable on $3 bln in oil arrears. CAIRO, Dec 5- Egypt's army-installed government unveiled a timetable to pay $3 billion of $6.3 billion it owes to foreign oil firms on Thursday, part of a campaign to revive confidence in an economy hammered by three years of political turmoil.
*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.