Cairo finally admits foreign borrowing is necessary
Cairo - Arabstoday
Egypt's dependence on local borrowing to support the state budget is not sustainable and it will have to borrow from overseas, a state newspaper quoted Finance Minister Hazem Al Beblawi as saying yesterday. Local banks are lending heavily to the government as it seeks funds to cover a ballooning budget since a popular uprising toppled President Hosni Mubarak in February, and treasury yields have risen steadily. "It was the norm that we borrowed from T-bills with rates within 9 to 10 per cent. Now they have reached 13 to 14.4 per cent, and this is a very serious issue for the treasury and for the national economy," daily Al Ahram quoted Beblawi as saying.
GMT 12:09 2018 Monday ,26 November
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Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
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Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
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German investor confidence surges in January
Economic conference on investment opportunities in Syria kicks off
Bucharest - SANA
With the participation of 120 representatives of Romanian companies, Chambers of Commerce and industry, An economic conference on “Reconstruction in Syria between the development of economic steadfastness and the opportunities ofRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launched from the Baikonur CosmodromeLiverpool, Manchester City seek neighbours' help in title chase
London - DPA
Liverpool and Manchester City will be looking for a little help from their not-so-friendly neighbours this weekend. The Premier League front-runners face each other's local rivals when City host Everton and Liverpool take on Manchester United. Liverpool jumped above City at theBlue light in smartphones linked to blindness and some cancers
Spain - DPA
Ever since we have started to become chained to our smartphones and tablets, people have been saying that the waves coming off these devices must be bad for us. So often laughed off as conspiracy theorists, it now looks more and moreFestive Fashion by Dubai-based designer ASMARAÏA
Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
GMT 19:49 2017 Monday ,18 September
IPO of 'Angry Birds' owner takes flight in Helsinki
GMT 21:05 2017 Thursday ,04 May
Death toll in northeastern Iran mine blast reaches 22
GMT 13:26 2017 Thursday ,30 March
More whistle-blowers are talking to WADA
GMT 07:37 2017 Monday ,20 February
Atlas Telecom launches breakthrough coastal surveillance
GMT 09:05 2017 Wednesday ,11 January
France sells off Engie stake to finance Areva rescue
GMT 04:47 2017 Wednesday ,06 December
US firms invited to bid for Saudi nuclear plants
GMT 13:34 2017 Tuesday ,05 December
Hariri to return to Paris Friday for Lebanon meeting
GMT 09:52 2017 Friday ,13 January
Nearly two-thirds of US voters want Trump to close Twitter account
GMT 11:20 2017 Sunday ,28 May
Policeman killed by unknown militants in North Sinai
GMT 09:44 2016 Sunday ,11 September
'The Legend of Marco Polo' staged at 5th Minorities Art Festival in Beijing
GMT 13:28 2017 Friday ,01 December
Chinese satellite closes in on dark matter mystery
GMT 03:38 2017 Wednesday ,26 July
President Jokowi has taken decision on ministers
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German gamblers may have revealed secrets of ‘Game of Thrones’ season 7
GMT 11:52 2018 Thursday ,13 December
Britain's May to appeal to EU for help to salvage Brexit deal
GMT 08:11 2018 Tuesday ,23 January
Davos-bound bosses very upbeat on world economy
GMT 15:48 2018 Sunday ,21 January
DEWA achieves lowest customer minutes lost per year worldwide
GMT 01:24 2017 Wednesday ,20 December
Pope attracts world-record crowd in wet Philippines
GMT 04:53 2017 Thursday ,14 December
Rocker Hallyday buried in Caribbean
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