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Egypt's central bank said on Monday it intended to reintroduce deposit operations as a way to absorb excess liquidity, starting on Tuesday, in a monetary tightening move that economists said could help fight inflation and support a weakening...
WASHINGTON - The United States on Monday accused Egypt of muzzling freedom of speech after prosecutors questioned the most popular Egyptian television satirist over allegations he insulted President Mohamed Morsy and Islam.
US State Department...
Egypt raised the price of state-subsidized cooking gas for the first time in two decades on Monday, a government official said, trimming an unaffordable subsidy bill but increasing the risk of unrest.
The price rise comes two days before an IMF...
The Egyptian Exchange said on Sunday a subsidiary of Russian billionaire Mikhail Fridman's Altimo had offered to buy 100 percent of Egypt's Orascom Telecom .
The offer from a Cyprus-based firm owned by Altimo is at a price of US$0.70 per...
Exxon Mobil was working to clean up thousands of barrels of oil in Mayflower, Arkansas, after a pipeline carrying heavy Canadian crude ruptured, a major spill likely to stoke debate over transporting Canada's oil to the United States.
Exxon shut...
ABOARD AIR FORCE ONE –– The White House on Friday condemned the rape and assault of women at recent demonstrations in Egypt and called on the Cairo government to prevent sexual violence and prosecute those responsible.
The New...
Egypt will receive payment facilities from American and European suppliers of wheat, an Egyptian newspaper on Saturday quoted Supply Minister Bassem Ouda as saying, as the world's biggest wheat importer struggles to pay for imports.
Two...
North Korea put its missile units on standby on Friday to attack US military bases in South Korea and the Pacific, after the United States flew two nuclear-capable stealth bombers over the Korean peninsula in a rare show of force.
North Korean...
Fifteen Syrian students were killed when rebel mortar shells hit a Damascus University canteen on Thursday, state-run news agency SANA said, as attacks intensified in the center of the capital.
The Syrian Observatory for Human Rights, an opposition...
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 favors or seek easy payment terms from suppliers who hope for future advantage in return.
Two years after...
