*Egypt recovering from years of post-uprising turmoil. June 21- Egypt's sharp cutting of fuel subsidies last week, part of an IMF-backed economic reform program, is a gamble that Cairo hopes will stabilize the economy and attract private investment, ultimately raising living standards. Egypt, halfway through the three-year IMF program, had raised electricity...
CAIRO, June 19- Many Egyptians hoped to ignore their economic hardship as they celebrated the end of the Muslim fasting month of Ramadan. With the Eid al-Fitr feast in full swing, the government of President Abdel Fattah al-Sisi on Saturday declared it was slashing fuel subsidies, pushing up prices of petrol and public transport by as much as 50 percent.
*Minister says price hikes to save Egypt $2.8 billion. CAIRO, June 16- Egypt has raised gasoline prices by up to 50 percent, the oil ministry said on Saturday, under an IMF reform plan calling for austerity measures that have made life tougher for ordinary Egyptians. Oil Minister Tarek El Molla said the price rises would help Egypt save up to 50 billion Egyptian...
*Minister says price hikes to save Egypt $2.8 billion. CAIRO, June 16- Egypt has raised gasoline prices by up to 50 percent, the oil ministry said on Saturday, under an IMF reform plan calling for austerity measures that have made life tougher for ordinary Egyptians. Oil Minister Tarek El Molla said the price rises would help Egypt save up to 50 billion pounds in...
*Minister says price hikes to save Egypt $2.8 billion. CAIRO, June 16- Egypt has raised gasoline prices by up to 50 percent, the oil ministry said on Saturday, under an IMF reform plan calling for tough austerity measures that have made life harder for ordinary Egyptians. Oil Minister Tarek El Molla said the price rises will help Egypt save up to 50 billion pounds in...
CAIRO, March 29- Critics see him as an autocrat. But one community of Egyptians- big business- is much happier with President Abdel Fattah al-Sisi as he heads for a second term after this week's election. "has taken bold and difficult decisions and needs the second term to conclude these steps," said billionaire Naguib Sawiris, with interests from...
The co-chief executive of EFG Hermes told CNBC that Egypt was undergoing political rejuvenation, meaning it had a lot to offer investors.
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.
A criminal court in Cairo orders the release of ousted president Hosni Mubarak. Ayman Mohyeldin is live in Egypt with the details.
Middle-class protesters marching for the first time say the challenge for Brazilians is to keep alive the political spirit that was awakened in the last week, after decades of apathy.
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.
Egyptians voted narrowly in favor of a constitution shaped by Islamists but opposed by other groups who fear it will deepen divisions, officials in rival camps said on Sunday.
Egyptians stood in line to vote on Saturday on a constitution promoted by its Islamist backers.
An odd alliance between pro-democracy activists and Mubarak loyalists is raising eyebrows. Who is playing who?
MILAN-- The Associated Press has withdrawn its story about Italy's Silvio Berlusconi in a Milan court today. Background in the story erroneously stated that former Egyptian President Hosni Mubarak was dead. Another Italy-Berlusconi story will be filed.
MILAN-- Silvio Berlusconi made a rare court appearance Friday to deny some of the more salacious accusations at the center of a sex scandal in Italy that has muddied his reputation. Berlusconi's declaration was spontaneous, a practice that Italy allows defendants and which does not have the weight of testimony.
GENEVA-- Switzerland has blocked almost 1 billion Swiss francs linked to rulers in four Arab Spring nations, a senior government official said Tuesday.
CAIRO, Oct 12- Egypt has no foreign military bases on its soil and has no plans to downsize its armed forces, said the military spokesman, rejecting media reports claiming so.
Conservative lending rules and red tape have long been blamed for holding back development of the mortgage sector in Egypt. Mortgage lending is equivalent to less than half a percent of gross domestic product in Egypt, compared to 13 percent in Morocco, according to a 2011 report on Africa housing by FinMark Trust, a body mainly funded by British government aid.
CAIRO, Oct 10- Egyptian stocks seem unlikely to resume this year's world-beating rally until the government shows how and when it will begin cutting fuel subsidies to rein in the budget deficit and secure a $4.8 billion IMF loan. A surge of more than 50 percent in Egypt's main share index.