Brotherhood’s supreme leader vows to end ‘military rule’ following Cairo shootings
Showing posts with label Cairo. Show all posts
Showing posts with label Cairo. Show all posts
Friday, July 5, 2013
Tuesday, March 12, 2013
Egypt declines $750 million IMF rescue loan
End Of Days News
IMF LOAN:
The International Monetary Fund (IMF) is an international organization that was initiated in 1944 at the Bretton Woods Conference and formally created in 1945 by 29 member countries. The IMF's stated goal was to stabilize exchange rates and assist the reconstruction of the world’s international payment system post-World War II. Countries contribute money to a pool through a quota system from which countries with payment imbalances can borrow funds temporarily. Through this activity and others such as surveillance of its members' economies and policies, the IMF works to improve the economies of its member countries.[1] The IMF describes itself as “an organization of 188 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.”[2] The organization's stated objectives are to promote international economic cooperation, international trade, employment, and exchange rate stability, including by making financial resources available to member countries to meet balance of payments needs.[3] Its headquarters are in Washington, D.C., United States.
IMF LOAN:
The International Monetary Fund (IMF) is an international organization that was initiated in 1944 at the Bretton Woods Conference and formally created in 1945 by 29 member countries. The IMF's stated goal was to stabilize exchange rates and assist the reconstruction of the world’s international payment system post-World War II. Countries contribute money to a pool through a quota system from which countries with payment imbalances can borrow funds temporarily. Through this activity and others such as surveillance of its members' economies and policies, the IMF works to improve the economies of its member countries.[1] The IMF describes itself as “an organization of 188 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.”[2] The organization's stated objectives are to promote international economic cooperation, international trade, employment, and exchange rate stability, including by making financial resources available to member countries to meet balance of payments needs.[3] Its headquarters are in Washington, D.C., United States.
The offer comes after delays in finalizing a borrwing of $4.8 billion in order to bolster the country’s battered economy
CAIRO (AP) — Egypt’s finance minister says the government has rejected an offer of a $750 million rescue loan from the International Monetary Fund.
The offer came after delays in finalizing a $4.8 billion loan to bolster Egypt’s battered economy.
Finance Minister Mursi Saeed Hijazi says Egypt is working on an economic reform program and is focused on negotiations for the larger IMF loan, explaining why Egypt declined the $750 million IMF rescue.
He said Tuesday that Egypt’s economy is on the path to recovery.
Tuesday, January 15, 2013
Cairo to host 2nd Palestinian reconciliation meeting Wednesday: Fatah official
An official from Palestinian faction Fatah announced on Monday that a
meeting with rival Palestinian movement Hamas would be held on Wednesday in
Cairo.
meeting with rival Palestinian movement Hamas would be held on Wednesday in
Cairo.
Azzam Al-Ahmed, a member of Fatah's central committee, said the Cairo
meeting would discuss the possible resumption of reconciliation efforts from
the same point at which they stalled last July.
meeting would discuss the possible resumption of reconciliation efforts from
the same point at which they stalled last July.
Al-Ahmed also stated that, as soon as an understanding was reached on the
resumption of work of the Palestinian Central Electoral Committee,
consultations would begin on the formation of a coalition government under
Palestinian Authority President Mahmoud Abbas.
resumption of work of the Palestinian Central Electoral Committee,
consultations would begin on the formation of a coalition government under
Palestinian Authority President Mahmoud Abbas.
He also asserted that reconciliation talks would include several parallel
committees concerned with issues such as 'public freedoms' and 'community
reconciliation.'
committees concerned with issues such as 'public freedoms' and 'community
reconciliation.'
The upcoming reconciliation meeting was announced after last Wednesday's
get-together in Cairo between Abbas and Khaled Meshaal, head of Hamas'
political bureau.
get-together in Cairo between Abbas and Khaled Meshaal, head of Hamas'
political bureau.
Hamas, for its part, has denied that Wednesday's meeting saw any discussion
of the resistance movements' military wing or Gaza-based security apparatus.
of the resistance movements' military wing or Gaza-based security apparatus.
According to London-based daily Al-Quds Al-Arabi, Fatah has demanded that
Hamas dissolve its armed wings and recognise the National Security Forces as
Palestine's only armed force. The demand, however, was strenuously rejected
by Hamas, the newspaper reported.
Hamas dissolve its armed wings and recognise the National Security Forces as
Palestine's only armed force. The demand, however, was strenuously rejected
by Hamas, the newspaper reported.
Israeli Prime Minister Benjamin Netanyahu, meanwhile, has criticised last
Wednesday's reconciliation meeting, describing Meshaal as "the head of a
terror organisation."
Wednesday's reconciliation meeting, describing Meshaal as "the head of a
terror organisation."
The revival of talks between Gaza-based Hamas and West Bank-based Fatah
comes within the context of an Egyptian-sponsored unity agreement reached in
April of last year. The main terms of the deal, however, have yet to be
implemented due to ongoing differences over who should head up the proposed
coalition government.
comes within the context of an Egyptian-sponsored unity agreement reached in
April of last year. The main terms of the deal, however, have yet to be
implemented due to ongoing differences over who should head up the proposed
coalition government.
Friday, January 11, 2013
President Ahmadinejad Due in Cairo Next Month
President Ahmadinejad Due in Cairo Next Month
TEHRAN (FNA)- Iranian President Mahmoud Ahmadinejad is scheduled to pay a
visit to the Egyptian capital next month in a bid to take part in the summit
of the Organization of the Islamic Cooperation (OIC).
President Ahmadinejad will visit Egypt in early February upon the invitation
of Egyptian President Mohammad Mursi.
The Organization of Islamic Cooperation summit will kick off in Cairo on
February 7.
After the collapse of Hosni Mubarak's regime, the Iranian and Egyptian
officials voiced their interest in the resumption of diplomatic relations
between the two countries.
In a latest development in the two countries' ties, Iranian Foreign Minister
Ali Akbar Salehi met with Mursi in Cairo on Thursday and conferred on
bilateral ties as well as the latest regional and international
developments.
The issue of Palestine and Syria were among the topics dealt by the two
officials
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