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Interim President heads delegation to Kuwait for high-level summit titled “Partners in Investment and Development”
The Third Arab-African Summit is scheduled to commence on Tuesday
Meeting discussed next week’s Arab-African summit in Kuwait: Ministry of Foreign Affairs
The interim president travelled to Kuwait and UAE, returning to Egypt on Friday
This is the interim president’s second regional tour; both tours come within a month
The emir’s announcement comes a day after the government said it planned to review subsidy policies and charges on public services and commodities.
The interim president will travel to Kuwait and the United Arab Emirates
The programme up to the 2016/2017 fiscal year aims to review subsidies, charges and prices of public services, besides imposing a taxation system in a country that generates 94% of its income from selling oil and where individuals and corporates pay no taxes.
Naqi was tried on charges of insulting Islam’s Prophet Mohammed, in addition to his wife Aisha and several companions, who are revered by Sunni Muslims.
This decision will help Central Bank of Egypt to take long term decisions: Expert
Kuwait Finance House: International bonds market recovers in September, total exports reach $7.8bn
The ruling stipulated that Wushaihi, who is also a television presenter, must start serving his jail term immediately, but that he could appeal the sentence.
It calls on Assad’s government “to take immediate steps to facilitate the expansion of humanitarian relief operations, and lift bureaucratic impediments and other obstacles.”
Ramez added that the bank’s foreign currency reserves totaled $18.9bn by the end of last August, prior to Qatar’s deposit.
Interim president Adly Mansour expected to visit Kuwait soon
FM Nabil Fahmy to meet with US Secretary of State John Kerry and French FM Laurent Fabius to discuss Palestine, Syria and Egypt
By James M. Dorsey Winning the 2022 World Cup hosting rights has proven to be a mixed blessing for Qatar. The wealthy Gulf emirate, more than two years after world football body FIFA voted in Qatar’s favor, is under greater scrutiny than it ever has been and that it originally had bargained for. Qatar’s suitability …
For participating in protests outside their embassy in the Gulf emirate which bans foreigners from demonstrating
Egypt’s net reserves reached $18.9bn in July, up $4bn from the month earlier, as Gulf aid pledged to the cash-strapped country started flowing in.
The current foreign reserves, necessary to import staples, primarily wheat, registered $14.9bn this June compared to $16.04bn in May.
Central Bank Governor Hisham Ramez said that $2bn of Saudi Arabia’s $5bn in aid is expected to arrive shortly in the form of an interest-free deposit at the bank.
Sawiris further said in a statement made to Reuters that Morsi sought to reign in and contain a number of Egypt’s leading businessmen and companies through the imposition of stringent new tax laws due to their position as members of the country’s opposition.
IMF officials reinforced the need to encourage the growth of a strong new Egyptian economy rooted in the private sector, and build on competition instead of favouritism.
Two tankers, one carrying around 100,000 tonnes of diesel and the other 1.1m barrels of crude, have docked in Egypt, Al-Rai reported, citing Kuwaiti oil sources.
Meanwhile, former finance minister Momtaz El Saeed said that a conversion is unlikely to yield any positive outcome if it is not allocated towards national projects.
The analysts stated that the recent downgrade would not have a large affect on Egypt’s banking sector, adding that the value of stock for some banks may decrease as a result, but only for one or two trading sessions at the most.
Aide to the Minister of Planning: Financial aid received from Arab countries will begin to be converted next week
$12bn total aid pledged by Gulf states should assist Egypt’s beaten economy if properly used, experts say
MENA: Postponing the decision came because of the death of SEC’s head’s brother.
The authorities said Saadi had confessed to raping 17 boys and girls after luring them onto rooftops in Hawalli, an area mainly inhabited by foreigners