Middle-east Arab News Opinion | Asharq Al-awsat

Media ID: 55356280
Caption:

A Greek police officer guides migrants arriving to enter Macedonia, near the border with Greece, August 27, 2015. Migrants are trekking from the southern Macedonian border near Gevhelija to the northern border with Serbia on their way to Western Europe. REUTERS/Ognen Teofilovski

Greek Crisis, the Book. Or Actually Several of Them.

by Landon Thomas Jr. | Aug 12, 2016 | Business

In May last year, James K. Galbraith, a left-leaning American economist, sent an email to Greece’s finance minister, Yanis Varoufakis, in which he argued that an exit from the eurozone would benefit Greece. Mr. Galbraith, who was advising Mr. Varoufakis at the time,...

Media ID: 55355898
Caption:

economy

Egypt Hikes Electricity Prices 40 Percent as Stage Three of Economic Reform Launches

by Sabri Najeh | Aug 9, 2016 | Business

Cairo- Egypt officially raised electricity prices at a 40 percent rate on Monday; the increase is a part of the 5-year reform plan implemented to further bolster and support the country’s economy. The new rates will be effective as of September. Electricity Minister...

Media ID: 55355327
Caption:

IMF in Political Bind over New Greek Bailout

by Asharq Al-Awsat | Aug 3, 2016 | Business

Washington-The International Monetary Fund is again the target of accusations of being under Europe’s control ever since the IMF participated in the first Greek bailout in 2010. Pressures aim at forcing the IMF to participate in the plan that was approved by the...

Media ID: 55355611
Caption:

Egyptian Tourism Minister Yehia Rashed speaks during an interview with Reuters at his office in Cairo, Egypt, April 7, 2016. REUTERS/Mohamed Abd El Ghany

Egypt: Strict Economic Procedures, Optimist Statements

by Mahmoud Najem | Aug 2, 2016 | Business

Cairo- “Securing an International Monetary Fund (IMF) funding deal would be credit positive for Egypt, but implementation risks are high and the country will continue to face several economic challenges”, Fitch Ratings says. President Abdel Fattah al-Sisi warned...

Media ID: 55355540
Caption:

Egypt central bank seen hiking rates at Thursday’s MPC meeting, Reuters

IMF Loan: Possibly Egypt’s Last Chance

by Sabri Najeh | Aug 1, 2016 | Business

Cairo- The Egypt environment for investment comes in with many burdens, most of which are a result of the many challenges facing the economy when it comes to attracting foreign investment. The bureaucratic strata and red tape procedures have always inhibited Cairo’s...