Latest in Tag: aid Highlight

Advertising Area



Latest in Tag: aid


Regional support braces Egypt while it works toward fiscal stability

Strong support from regional neighbours has helped buttress reserves, and GDP growth should tick significantly upwards next year, but fiscal health nonetheless represents a sticky challenge for whoever wins the forthcoming elections by next spring: traditional revenue sources such as tourism, taxation, exports and investments have declined, while government expenditures in the form of public sector wages and subsidies for both energy and food continued to expand.

Daily News Egypt

5 2 e1367273163818

US aid: “Recalibration” or change of strategy?

The U.S. State Department announced on Wednesday that it would halt the delivery of large-scale military systems and cash assistance to Egypt’s government. It said “credible progress” must be made towards free and fair elections. US State Department spokeswoman Jen Psaki said the United States is “recalibrating” its military aid to Egypt. While State Department did …

Mohamed Fouad

7 14

Government plans to woo Gulf tourists

Vacation planners serving Gulf tourists can enjoy incentives including discounts on EgyptAir flights as well as at some facilities, with the aim of luring larger numbers of Arab tourists to the country.

Hend El-Behary

209123 01 02

Post-Morsi economy: bullish or bearish?

Many domestic businessmen, however, disagree; a number have already expressed optimism since the ousting of former president Mohamed Morsi on 3 July, citing a mostly-gaining stock exchange benchmark index, a slight increase in the value of the local currency, and an influx of foreign aid.

Hend El-Behary