Middle-east Arab News Opinion | Asharq Al-awsat

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People queue for subsidized bread in front of a bakery in Alexandria, in this June 2, 2013 file picture. (Reuters/Asmaa Waguih)

Egypt has enough wheat to last 5 months, says official

by Sharif Yamani | Jul 12, 2013 | Business

Cairo, Asharq Al-Awsat—Egypt, the world’s largest importer of wheat, has enough wheat stocks to meet domestic demand for the next five months, the vice chairman of the General Authority for Supply Commodities (GASC) said yesterday. Speaking exclusively to Asharq...

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An Egyptian vendor adjusts a price tag that identifies dates named after Egypt’s Defence Minister Abdelfatah al-Sissi that are sold for 30 Egyptian pounds (five dollars) behind dates (c-front) named after toppled president Mohamed Morsi that are sold for four Egyptian pounds (0.5 cents) at his shop in the working-class Saida Zeinab district in Cairo on the second day of the holy month of Ramadan July 11, 2013. (AFP PHOTO/MARWAN NAAMANI)

Egypt secures USD 12 billion in aid

by Sharif Yamani | Jul 11, 2013 | Business

Cairo, Asharq Al-Awsat—Kuwaiti officials announced an aid package to Egypt worth USD 4 billion yesterday, bringing up the total aid pledges secured so far to USD 12 billion following pledges from Saudi Arabia and the United Arab Emirates. The Kuwaiti aid package...

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A man walks over a bridge by the construction of Ethiopia’s Great Renaissance Dam in Guba Woreda, some 40 km (25 miles) from Ethiopia’s border with Sudan, June 28, 2013. REUTERS/Tiksa Negeri

African Development Bank continues investment in Egypt energy sector

by Sharif Yamani | Jul 5, 2013 | Business

Cairo, Asharq Al-Awsat—Khalid Al-Askari, energy section official at the African Development Bank (AfDB) in Egypt has said the bank was conducting studies on a Ethiopia–Sudan–Egypt electricity link project, following the success of an initial feasibility study for the...

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File photo of people and vehicles are seen caught in a traffic jam in front of the Central Bank of Egypt’s headquarters in downtown Cairo. (Reuters/Amr Abdallah Dalsh)

Egypt banks prepare for June 30 protests

by Sharif Yamani | Jun 29, 2013 | Business

Cairo, Asharq Al-Awsat—A state of caution and anticipation surrounds the Egyptian Stock Exchange in central Cairo as it prepares for massive anti-government protests planned for June 30. Banks in central Cairo also implemented extensive security measures in order to...

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Egyptian drivers wait in long queues outside a gasoline station in Cairo, Egypt, Tuesday, June 25, 2013. (AP/Amr Nabil)

Egypt endures fuel crisis

by Sharif Yamani | Jun 27, 2013 | Business

Cairo, Asharq Al-Awsat—Egypt continues to face a deteriorating fuel crisis with the capital, Cairo, particularly hard hit, resulting in long lines of cars queuing up in front of gas stations blocking traffic. The Ministry of Petroleum initially dismissed the crisis as...