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Egypt hopes BRICS entry will lure foreign cash, but analysts counsel patience - Vimarsana News

Egypt hopes BRICS entry will lure foreign cash, but analysts counsel patience

Egypt hopes its imminent inclusion in the BRICS bloc of developing nations will help ease its shortage of foreign currency and attract new investment, but analysts say it may take time before any benefits appear. The bloc, which includes Brazil, Russia, India, China and South Africa, on Thursday invited Egypt and five other countries to join, and Egypt immediately welcomed the offer. "I appreciate Egypt being invited to join BRICS and look forward to coordinating with the group to achieve its goals in supporting economic cooperation," President Abdel-Fattah al-Sisi said soon after ...

Source: yahoo.com
Egypt hopes BRICS entry will lure foreign cash, but analysts counsel patience - Vimarsana News

Egypt hopes BRICS entry will lure foreign cash, but analysts counsel patience

By Patrick Werr CAIRO (Reuters) - Egypt hopes its imminent inclusion in the BRICS bloc of developing nations will help ease its shortage of foreign cu...

Source: wkzo.com
To raise scarce dollars, Egypt looks to pension plans, draft evaders - Vimarsana News

To raise scarce dollars, Egypt looks to pension plans, draft evaders

By Patrick Werr CAIRO (Reuters) - Egypt is offering a minimum $5,000 fee for Egyptians living abroad who wish to clear their military service obligati...

Source: wkzo.com
Egypt's headline inflation rises to record 36.5% in July | WKZO | Everything Kalamazoo - Vimarsana News

Egypt's headline inflation rises to record 36.5% in July | WKZO | Everything Kalamazoo

CAIRO (Reuters) - Egypt's annual headline inflation in July rose to an all-time high of 36.5%, in line with analysts' expectations, as food prices soa...

Source: wkzo.com
Blaze engulfs historic ministry building in central Cairo - Vimarsana News

Blaze engulfs historic ministry building in central Cairo

A historic neo-Islamic ministry in central Cairo was engulfed in flames on Saturday, only days after its employees had moved to premises in a new capital city under construction in the desert 45km...