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Hopeful trade indicators between Egypt and the US

By Amr Eleraqi According the American Chamber of Commerce’s most recent report, the volume of trade exchange between Egypt and US has declined by 9.2% during 2011, reaching $8.2 million. The drop represents about 4% of GDP and 4.3% of the volume of goods traded in the US. During 2011, non-petroleum exports were stable, but …

Daily News Egypt

Bernanke predicts slow drop in US unemployment

Washington (AFP) — Federal Reserve Chairman Ben Bernanke admitted Tuesday that US economic data had been “disappointing” and that a future reduction in unemployment would likely prove “frustratingly slow.” Dealing a blow to Barack Obama and others hopeful for an improvement in economic news ahead of November’s presidential elections, Bernanke offered a gloomy assessment of …

Daily News Egypt

US justifies visa for Egypt Islamist

AFP – The US State Department on Tuesday defended issuing a visa to an Egyptian Islamist whose group is classified as terrorist, saying it hoped to reach out to new faces in a fast-changing region. Conservative critics of President Barack Obama cried foul over the visa to Hani Nour Eldin, a newly elected lawmaker from the …

Daily News Egypt

That old tax magic

By Simon Johnson WASHINGTON, DC: Tax time in the United States — the dreaded mid-April deadline for filing annual income-tax forms — has come and gone. The system, Americans have been reminded, has become painfully complex, with many a loophole through which one might try to squeeze. The fear of an audit by the Internal …

DNE

US backs ‘free and fair’ Egypt election

By AFP WASHINGTON: The United States on Monday voiced support for “free and fair” elections in Egypt but declined to wade into a debate over the disqualification of leading presidential candidates. The election commission on Saturday barred 10 of the 23 registered candidates from the May 23-24 election, throwing into turmoil Egypt’s first presidential vote …

DNE

Israel steps up campaign for convicted spy

By Josef Federman / AP JERUSALEM: Israel is ratcheting up calls on Washington to release convicted spy Jonathan Pollard, in a campaign that has reopened a long-running feud with its closest and most important ally. Israeli leaders say that after 27 years the former civilian intelligence analyst for the US Navy should be freed. But the …

DNE

Analysis: US overtures to Egypt Islamists show pragmatism

By Yasmine Saleh/Reuters CAIRO: A US decision to resume contact with the Muslim Brotherhood is a pragmatic move that recognizes its popular appeal in post-revolution Egypt and may also help Washington deal with other Islamist movements in the region. The United States was behind the curve of Arab world politics as popular uprisings swept its …

DNE

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