Middle-east Arab News Opinion | Asharq Al-awsat

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A female employee fills the tank of a car at a petrol station in Cairo, Egypt, February 24, 2016. REUTERS/Mohamed Abd El Ghany

Fears of Inflation as Egypt Increases Fuel Prices

by Ahmad Al-Ghamrawi | Jun 30, 2017 | Business

Cairo – As part of a plan to cut the budget deficit and commit to the economic reform to help meet the terms of a $12 billion IMF loan deal, the Egyptian government has decided to raise fuel prices two days before the beginning of the new budget. The price of...

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Resumption of Egypt-Sudan Trade Awaits Green Light

by Ahmad Al-Ghamrawi | Jun 2, 2017 | Business

Cairo, Khartoum – Most officials in the Egyptian administration have remained silent on Sudan’s recent decision to ban the import of Egyptian agricultural and animal products, and the economic losses it caused. But an Egyptian official at one of the country’s...

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German Chancellor Angela Merkel, US President Donald Trump and French President Emmanuel Macron at the G7 Summit Taormina, Sicily, Italy, May 27, 2017. (Reuters)

Germany Restructures Trade Relations

by Ahmad Al-Ghamrawi | May 30, 2017 | Business

Cairo – Germany, the strongest economy in the European Union after Brexit and France’s strong partner, appears to be in the process of restructuring its trade and economic relations for the next phase. This comes after the British Brexit vote last year and US...

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IMF Managing Director Christine Lagarde.(REUTERS)

Optimism Surrounds Global Economy in 2017

by Ahmad Al-Ghamrawi | Apr 17, 2017 | Business

Cairo – Experts and observers expect the biggest economies of the world to see an escalating, or at least a stable, growth in 2017. The tough economic situation that dominated the world over the past six years is about to end, and more recovery and prosperity...

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The Bank of England is seen in the City of London August 7, 2013. REUTERS/Toby Melville

Bank of England Libor Scandal

by Ahmad Al-Ghamrawi | Apr 11, 2017 | Business

Cairo – Amid the tough times Britain has to face, British Broadcasting Company (BBC) published secret recording that implicates the Bank of England (BoE) in Libor rigging. The recordings date back to 2008 and show that the central bank pressured commercial banks...