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Egypt gets $500mn from Qatar, says $500mn from Turkey soon CAIRO: Egypt has received a final $500 million instalment of funds promised by Qatar and will get another $500 million from Turkey at the end of January, its finance minister said, in the latest aid to help balance its budget and defend its currency.   Egypt has been facing a financial crisis as a month of political strife has cast doubts on the government's ability to push through unpopular spending cuts and tax hikes needed to persuade the International Monetary Fund to agree to a $4.8 billion loan.   Finance Minister Mumtaz al-Saeed said on Saturday Egypt had received the final instalment out of a total of $2 billion promised by Qatar, although he did not give a date.   "Egypt will receive the remaining $500 million of the Turkish loan at the end of January," he added.   Egypt has spent more than $20 billion in foreign reserves to support the Egyptian pound since the popular uprising ...

Mandela JOHANNESBURG: Nelson Mandela is "doing great" and is enjoying time at home with his family after being discharged from hospital, his daughter Zenani Mandela-Dlamini told AFP on Friday.   Mandela left hospital on Wednesday, after nearly three weeks of in-patient treatment for a recurrent lung infection and surgery to have gallstones removed.   The 94-year-old is now convalescing at his Johannesburg home, where he received visits from friends, family and a handful of well-wishers delivering flowers and other gifts.   "Madiba ...
MSF warns Kenya not to send more refugees to stricken camp LONDON: Conditions in a camp for Somali refugees in Kenya are deplorable and a government plan to send in thousands more would pose a major risk to health, medical charity Medecins Sans Frontieres (MSF) said on Friday.   Kenya has more than half a million refugees from Somalia, which has lacked an effective central government since the outbreak of civil war in 1991.   A series of bombings, shootings and hand-grenade attacks blamed on Somali militants prompted the government ...
Lagos fireworks blaze destroyed 10 buildings  LAGOS: Fire that tore through a district of Nigeria's largest city after an explosion at a fireworks warehouse destroyed 10 buildings in addition to killing one person and wounding 40, an official said Thursday.   Firefighters meanwhile worked to douse the remains of the fire that began Wednesday morning in Lagos, and government officials pledged to investigate, saying storage of the fireworks in the crowded neighbourhood was illegal.   Building codes throughout Nigeria are often poorly enforced and calls ...
S.Africa JOHANNESBURG: Former South African President Nelson Mandela has been discharged from hospital, ending a nearly three-week stay during which he was treated for a lung infection and had surgery to remove gallstones, the government said on Wednesday.   The 94-year-old anti-apartheid leader and Nobel Peace Prize laureate has been moved to his Johannesburg home. He has been in frail health for several years.   "He will undergo home-based high care at his ... home until he recovers fully," the ...
Blast, fire in crowded area of Nigeria LAGOS: An explosion hit an area believed to be storing fireworks in the Nigerian economic capital Lagos on Wednesday, causing a fire that has begun to spread in the densely packed neighbourhood, an official said.   "The firecrackers were packed in a shop, and the firecrackers caught fire," an official with the National Emergency Management Agency said on condition of anonymity, cautioning that details were sketchy.   There was no immediate information on any casualties as a result of ...
Explosion, fire in crowded area of Nigeria LAGOS: An explosion hit an area believed to be storing fireworks in the Nigerian economic capital Lagos on Wednesday, causing a fire that has begun to spread in the densely packed neighbourhood, an official said.   It was not immediately clear whether there were any casualties and details of the incident were sketchy.   A strong explosion could be heard in parts of the sprawling city followed by smoke. An official with the National Emergency Management Agency (NEMA) said ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJuly-June
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln