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Latin Americans and Asians are happy that they do not need the help of the International Monetary Fund (IMF). But, Europe can no longer function without it. What’s behind the IMF’s interest in Greece?
Now that the summer is firmly here, spending your weekend chilling out after a week of stress and negativity due to the bad weather is what everyone seeks to do. Yet, with the common complaints around the traditionally frequented restaurants and cafes, it is about time to try a new experience at a unique and …
It took a long journey for the Suez Canal to reach its current state today, a journey witnessing several closings and instability of the canal’s operations. Today, Egypt celebrates the opening of the canal’s expansion
Trade balance between the Egypt and China amounted $ 11.6bn last year, says Chinese Ambassador
By James M. Dorsey A senior executive of the Asian Football Confederation (AFC) allegedly requested in 2012 at least one of his subordinates to tamper with or hide documents related to enquiries by independent auditors and FIFA into management of the group by Mohammed Bin Hammam, the AFC’s ousted president and vice president of the …
Electrostar aims to open up new African markets, renew products, and provide new technology on Egyptian market
Korean delegation to visit Cairo in August will consider investment increases and invite Egypt to attend investment conference in Japan
By James M. Dorsey FIFA Vice President and Asian Football Confederation (AFC) executive committee member Prince Ali Bin Al-Hussein, in an uncommon display of elegance and magnanimity in the rarefied world of world soccer as well as of Middle Eastern and North African leaders, has conceded defeat in a battle that is symptomatic of …
Reuters – Major economies in Asia and Europe finished the first quarter on a weaker note, with key manufacturing surveys fuelling expectations policymakers may be forced to act in coming months to prop up faltering growth. Factories across Europe eased back on the throttle in March while China’s vast manufacturing industry contracted for the third …
The move allows developers to create apps for smartwatches, the first phase of the Android Wear platform.
The downbeat atmosphere was compounded in some markets by another disappointing set of manufacturing figures from China that added to concerns about growth in the world’s number two economy.
Total wants to boost its refinery and chemicals activities in the Middle East and Asia, where it sees better long-term prospects than in Europe, where competition is pressuring margins.
The programme also includes $200m to help Myanmar achieve universal health coverage by 2030, the Bank said, noting that only one in four people in the once-isolated country has access to quality healthcare.
Foreign Minister met with top Japanese officials before concluding his Asia tour
Petrochemical plant will be constructed in Ain Sokhna and is expected to create 20,000 jobs during construction and a further 20,000 jobs to operate the plant once built
Foreign minister to focus on Egypt’s economy on second visit to Asia
By Andrew Hammond US Vice-President Joe Biden’s trip to Japan, China and North Korea this week comes at a moment of major diplomatic tension in the region. Only last week, Beijing unilaterally declared a new “air defence identification zone” to much international concern. The zone covers an area of land and sea that encompasses islands, …
By Dr Cesar Chelala Inequality and unequal access to education holds millions of girls and women back across the world. While the “gender gap” in education has narrowed over the past decade, girls are still at a disadvantage, particularly in getting access to high school education. And women still constitute two-thirds of the world’s illiterate …
Obama had hoped to use the trip to make progress in concluding initial talks on a Trans-Pacific Partnership trade pact.
Phone targets lower income users in developing markets such as the Middle East and Africa
Foreign Ministry calls on Myanmar government to enforce rule of law
US might be concerned about China’s growing military and economy
Island row between the two countries
Kremlin hoping for major economic gains by playing a regional role
Hong Kong (AFP) – Asian markets slipped further on Wednesday following losses in Europe and on Wall Street after a third straight monthly contraction in US manufacturing activity. The disappointing US data followed poor numbers on factory activity from Asia and Europe but dealers looked forward to a European Central Bank meeting, optimistic there would …
Asian 3.5 billion people states to form free trade zone
Asian markets remain higher, following Germany refusal to take action towards the eurozone debt
Hong Kong — Asian markets mostly fell Friday as weak Chinese trade data reinforced concerns of a slowdown in the world’s number two economy, while profit-taking after a week-long rally added to selling pressure. Wall Street provided a weak lead despite upbeat US jobs and trade data that indicated a positive outlook for the world’s …