Unrest fears spark Egyptian share sell-off
Egypt’s benchmark index shed almost a tenth of its value as the country appeared headed into a new phase of political and economic turbulence after the president issued a decree…
Morsi praised for role in Gaza crisis
It was Mohamed Morsi’s first foreign policy test. And judging by the praise flooding from abroad, he has passed with good marks. In successfully brokering a ceasefire between Israel and…
Israeli economy shows some resilience
Israelis take pride in the resilience their economy has shown through the global financial crisis and their country’s episodic military operations and wars. Over the past decade, Israeli and overseas…
Tunisia struggles with economic recovery
Working closely with international experts, Tunisia’s new government has tried to take all the right steps to bolster its economy. But it has quickly found that events beyond its control…
Gulf states assess Jordan aid
Gulf states are indicating they will come to Jordan’s rescue with financial assistance as international worries about the kingdom’s stability grow with a new wave of protests. Days after demonstrations…
Egypt and IMF agree $4.8bn loan
CAIRO, Nov 20 – Egypt has reached a preliminary agreement with a team from the International Monetary Fund for a $4.8bn loan, a minister said on Tuesday. The deal is…
Dubai predicts stronger growth
Dubai has revived its growth forecasts in a sign of the indebted emirate’s growing confidence in its nascent economic recovery. Officials used a high-profile World Economic Forum meeting in Dubai,…
EU pledges $6.4bn aid package for Egypt
The EU pledged $6.4bn in aid to Egypt on Wednesday as Cairo and the International Monetary Fund neared agreement on a $4.8bn loan that is seen as a lifeline to…
Egyptian investors shrug off wealth moves
The Egyptian stock exchange has shrugged off news of a share transaction levy and a rise in income tax on higher earners, a reflection of the scarcity of new listings…
Suspected N Korean missile parts seized
UN, Nov 13 – A shipment of graphite cylinders usable in a missile programme and suspected to have come from North Korea was found in May aboard a Chinese ship…