Latest in Tag: saudi arabia Highlight
Latest in Tag: saudi arabia
Analysts debate conversion of gulf lifelines to bonds
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.
Fitch Group’s new credit downgrade of Egypt does not take into account recent aid received from the Gulf
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.
Arab aid inbound
Aide to the Minister of Planning: Financial aid received from Arab countries will begin to be converted next week
Is the military good for Egypt’s economy?
By Farah Halime, Rebel Economy That’s a question I put to around a dozen Egyptian businessmen over the weekend, all of whom responded with a resounding “Yes”. Here are some snippets of conversations I had with a few of Egypt’s business community over the weekend (some appeared in this story for The National newspaper): Nassef Sawiris, billionaire …
Declining Egyptian pound threatens Saudi investments
Saudi-Egyptian business council tells Al-Eqtisadiah newspaper Saudi investments in Egypt will be negatively affected by declining pound
Egypt negotiating $500m loan with Saudi Arabia
Darrag told Reuters that, “the loan will come as part of a Saudi finance package provided to Egypt, lent at 3% interest, and set to be paid back over a period of 8 years, after a 2-year initial grace period.”
Saudi Arabia cuts Egyptian visas to Mecca
The Saudi government cited ongoing infrastructural projects in the holy city of Mecca as the primary cause for the cut.
Egyptian doctor sentenced to jail in Saudi Arabia
The doctor was put on trial for botched circumcisions on seven baby boys
Egypt’s biggest oil debts
By Farah Halime, Rebel Economy Egypt’s state oil company, the Egyptian General Petroleum Corporation, is in big trouble. It has racked up billions of dollars of debt in the last decade with some estimating its dues to banks and oil companies is as high as $20 billion. The magnitude of EGPC’s debts is such …
Egypt negotiates end to international disputes
The government is currently engaged in international commercial and legal disputes
Saudi Arabia wants missiles for Syrian rebels: report
Saudi Arabia is a key supporter of the Syrian rebels and has long advocated providing them with better weaponry.
Egypt conducting studies on regulating Viber, WhatsApp
“NTRA has been formed to oversee these mobile applications and will decide whether to ban, allow free usage or restrict them somehow,”
The Egyptian Teddy Bear!
It irks me so much how some of us Egyptians are sometimes very casual in the ways we infringe on other people’s feelings while becoming overly sensitive when it comes back to haunt us. It is what we call Karma. You get what you give, whether bad or good. However, we seem to think of …
Egypt, Saudi Arabia sign MoU for electricity linkage project
Grid would eventually link 14 Arab countries
Saudi says IMF growth forecast too low
The IMF said this month that it expected growth in the largest Arab economy to drop to 4.4% in 2013 from 6.8% last year
Mobile operators strategise fee structures
Roaming charges for Egypt’s three main mobile service providers remain relatively equal
Saudi Arabia imposes new roaming fees on Egyptian expats
Telecom Egypt set to be largest beneficiary of decision
Local contractor secures Saudi petrochemical contract
PetroJet wins rights to construct petrochemical lines in Saudi Arabia with $80m in investments
Friends of Syria reiterate support for political solution ahead of Geneva II
The group of 11 states condemned the presence of foreign fighters in Syria and the increasing radicalism in the conflict
Morsi meets Brahimi ahead of Friends of Syria meeting
Brahimi supports president’s quartet initiative to find solution to Syria crisis
Egypt and Saudi plug into joint power line project
Agreement expected in the coming week
Finance minister requests aid from Saudi Arabia
Egypt asks for $500m in aid from Saudi Arabia to support its national budget
Illegal workers storm Egypt’s consulate in Jeddah
Threatened by punishments, workers attempt to legalise their work status
Football emerges as focal point of dissent in Saudi Arabia
By James M. Dorsey Football, alongside minority Shi’a Muslims and relatives of imprisoned government critics, is emerging as a focal point of dissent in Saudi Arabia, an oil-rich kingdom that, despite banning demonstrations by law, is struggling to fend off the waves of change sweeping the Middle East and North Africa. Fan pressure is …
Penalty spot
By Philip Whitfield Why’s Morsi picking up tips from Jose Mourinho? They’re both hoping for a second chance: Mourinho to Chelsea, Morsi to the palace after Ramadan. Both need to turn things round: Mourinho to keep John Terry and Frank Lampard happy, Morsi to woo the crowd to his side. On his left, Iran’s Mahmoud …
Foreign minister to participate in OIC meeting on Mali
Amr will stress Egypt’s support for development in Mali
Foreign minister talks Syria with Special Envoy Brahimi
Lakhdar Brahimi and Minister of Foreign Affairs discuss preparations for international conference to be held at the end of May.
Football fans in the Gulf vote with their feet
By James M. Dorsey Football is defeating efforts by wealthy Gulf States to impregnate themselves against the wave of protests that have swept the Middle East and North Africa in the past two years and sparked a brutal civil war in Syria. Once a prince’s uncontested playing ground that allowed royals to curry favour, strengthen …
Israel raids home of Mufti
Mufti’s arrest sparks international condemnation from much of the Arab world
Three Emiratis held after deadly Tanzanian church bombing
Five Tanzanians have also been arrested following the Sunday attack on a packed church in the northern city of Arusha that killed three people.