global financial crisis

Mubarak: Finance crisis shows need for global system
Egypt

Mubarak: Finance crisis shows need for global system

President Hosni Mubarak asserted during the 14th summit of the Group of 15 (G-15) held in Tehran that global economic…
German lawmakers back Greek aid package
Egypt

German lawmakers back Greek aid package

After an accelerated legislative process, 390 deputies in Germany's lower house of parliament, the Bundestag, voted in favor of a…
Boutros-Ghali calls for review of IMF mechanisms
Business

Boutros-Ghali calls for review of IMF mechanisms

Members of the International Monetary Fund (IMF) pledged to formulate sustainable financial policies at the closing session of their spring…
Greece presses ‘help’ button, markets still wary
World

Greece presses ‘help’ button, markets still wary

Greece--Prime Minister George Papandreou asked to tap the 45 billion euro (US$60.5 billion) package after investors feared a default and…
CAO sums up govt economic performance (Part I)
Business

CAO sums up govt economic performance (Part I)

In a statement before parliament Sunday, Gawdat el-Malt, head of the state-run Central Auditing Organization (CAO), discussed the government's performance…
Inflation falls to 12.8% in February
Business

Inflation falls to 12.8% in February

Egypt's national inflation rate fell from 13.6 percent in January to 12.8 percent in February, according to a report released…
Egypt car sales rebound
Business

Egypt car sales rebound

After a year of slow sales, the Egyptian automotive market bounced back in the beginning of 2010.The total number of…
Icelanders reject deal to repay British and Dutch
World

Icelanders reject deal to repay British and Dutch

Reykjavik--Icelandic voters vented their fury on Saturday at the bankers and politicians who ruined the economy, overwhelmingly rejecting a US$5…
Minister: Tourism revenues resilient in 2009
Business

Minister: Tourism revenues resilient in 2009

Egypt's tourism earnings, a key source of foreign exchange, dipped just 2.1 percent last year thanks to an upswing in…
2009 economy overview: Could have been worse
Business

2009 economy overview: Could have been worse

2009 was a brutal economic year for most of the world, with markets in turmoil, mass layoffs and the specter…
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