Minister says no ‘fiscal space’ to increase spending on needy sectors, but ‘not impossible’
CAIRO: Minister of Finance Samir Radwan said that there is no “fiscal space” to increase the expenditure on the education and health sectors, during a press conference on Monday. Titled…
Army freezes assets of three former Mubarak aides
CAIRO: Egypt's army rulers froze assets belonging to three former aides of deposed President Hosni Mubarak, meeting a demand of reformers seeking tough action against figures of the past administration.…
OHC maintains construction and delivery dates for new phase ‘Haram Life’
CAIRO: Building on the success of their flagship project in Egypt “Haram City,” Orascom Housing Communities maintains its scheduled progress of the newest phase “Haram Life.” The new phase…
Egypt sees deficit of 9.5 pct of GDP in 2011/12
CAIRO: Egypt's finance minister said on Monday he expected Egypt's budget deficit to rise to 9.5 percent of gross domestic project (GDP) in the financial year that begins next July,…
Egypt cbank to offer 6 bln EGP in repos Tuesday
CAIRO: Egypt's central bank said it will offer LE 6 billion ($1.0 billion) in repurchase agreements in the money market on Tuesday at a fixed rate of 9.25 percent. The…
Egypt’s GB Auto to launch car loan venture
CAIRO: GB Auto, Egypt's biggest listed automobile assembler, said on Sunday it plans to launch a finance company offering loans to car buyers in a move to expand its sources…
OT chairman says no progress in Djezzy dispute
CAIRO: Orascom Telecom (OT) has made no progress in a dispute with the Algerian government and will bring the matter to international arbitration if it is not resolved, OT's chairman…
Deconstructing Saleh
By Mai Yamani LONDON: Ali Abdullah Saleh is finished as Yemen’s president. Popular democratic protests that started on a small scale in mid-February outside Sanaa University have widened to encompass the…
A PALESTINIAN VIEW: Six months to September: Returning to our references
By Ghassan Khatib Palestinians look at the approaching September deadline as a very critical and decisive crossroads. It is the end of the one-year time-frame for the bilateral negotiations that started…
AN ISRAELI VIEW: Six months to September: The wages of Palestinian ambiguity
By Yossi Alpher "I'll speak in vague sentences," stated Palestinian President Mahmoud Abbas last week at a meeting in Ramallah when asked to discuss Palestinian plans for the period beginning September…