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.» Read More
*Aid will help Egypt avoid further shortages and unrest. *Foreign oil firms cut Egypt supplies over credit worries. TRIPOLI, April 28- Libya will soon start shipping oil to neighbouring Egypt on soft credit terms, two senior Libyan officials said, as Cairo struggles to pay for energy imports and avoid fuel shortages.
CAIRO, April 28- Egyptian tourism managers celebrated the opening of an alcohol-free hotel at the popular beach resort of Hurghada over the weekend, a move they hoped would lure conservative Muslim tourists to a region popular with foreign and local visitors.
CAIRO, April 27- Egypt may reach 65 to 70 percent self-sufficiency in wheat production this year because of an expected boost in the local harvest, the prime minister said on Saturday.
CAIRO, April 24- Egyptian fund manager Mohamed Ayad watched his clients lose money for months until he himself became a victim of the stock market's slump.
WASHINGTON- The FBI arrested a Mississippi man on Wednesday in connection with letters sent to President Barack Obama and two other officials that are believed to have contained the deadly poison ricin, the U.S. Justice Department said.
BOSTON/ WASHINGTON- Investigators have spotted a Boston Marathon bombing suspect from security video taken before two blasts ripped through central Boston on Monday, a U.S. law enforcement source said on Wednesday, in what is potentially the biggest break in the case yet.
CAIRO, April 16- Egypt may struggle on for the rest of the year without an IMF loan, enduring a summer of fuel shortages and power cuts rather than risk an explosion of unrest by implementing subsidy cuts and tax increases before parliamentary elections.
*Egypt eyes 4-5 million tonnes from local flower this year. MINYA, Egypt, April 15- Egypt's Islamist-led government must be dreaming if it expects a bumper wheat harvest over the next six weeks that will save the country billions of dollars in imports, says farmer Farid Boshra Abdel Malek.
*Egypt central bank sells $600 mln at special auction. CAIRO, April 14- Egypt's central bank sold $600 million to banks in a special auction of foreign exchange on Sunday to pay for wheat, meat, cooking oil and other essential imports to a country struggling with a currency crisis.
*Egypt has secured $5 billion from Arab allies. CAIRO, April 14- Egypt is close to an agreement with the International Monetary Fund on a $4.8 billion loan that would help it fight a deepening economic crisis but is still bristling at the conditions, diplomats said.
*Egypt has secured $5 billion from Arab allies. CAIRO, April 14- Egypt is stalling on the terms of a $4.8 billion International Monetary Fund loan to help it fight a deepening economic crisis, and no deal is likely while an IMF team is in Cairo, diplomats said on Sunday.
*Oil firms reveal Egypt owes them $5 bln, half overdue. *Apache says has $1 bln political risk insurance for Egypt. LONDON, April 12- Egypt owes at least $5 billion to oil companies, half of it overdue, corporate reports have revealed, in a development highlighting the country's struggle to meet soaring energy bills while subsidising prices to avoid public unrest.
*Egypt's poor spend half or more of income on food. CAIRO, April 11- Egypt's economic crisis poses a threat to basic nutrition in the country of 84 million people where the poorest spend more than half their income on food, the World Food Programme said on Thursday.
*Qatar to buy $3 bn in Egyptian bonds, Libya to lend $2 bn. DOHA/ CAIRO, April 10- Arab allies Qatar and Libya gave cash-strapped Egypt a $5 billion double boost on Wednesday as the Arab world's most populous nation struggles to secure an IMF loan to ease its deepening economic crisis.
CAIRO, April 7- The European Union's foreign policy chief met Egyptian President Mohamed Mursi on Sunday against a backdrop of sectarian violence to encourage feuding political leaders to seek a national consensus in tackling mounting problems.
CAIRO, April 7- Egypt is seeking to increase its previously-requested $4.8 billion loan from the International Monetary Fund to cover its soaring budget deficit, the planning minister said in comments carried by three newspapers on Sunday.
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.
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.
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.
*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.