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Egypt defends fuel subsidies cut, adds taxes CAIRO: Egypt President Abdel Fattah al-Sisi on Sunday defended a government decision to raise fuel prices as the authorities also slapped higher taxes on cigarettes and alcohol, state media reported.The authorities late Friday decided to slash state subsidies on petrol and diesel, sparking anger among taxi drivers and others affected by the rising costs.Police arrested two people on Sunday after dispersing a protest by fishermen angered by the fuel price hike in the coastal city of Rosetta, state media reported.In a meeting with newspaper editors and television channel representatives, Sisi argued that the decision had to be taken because of Egypt's debts, state-run Al-Ahram newspaper reported on its website.With the economy battered by three years of unrest, successive governments have said subsidies -- which made petrol in Egypt among the world's cheapest -- must be lifted.The ex-army chief, who toppled Islamist president Mohamed Morsi in July 2013 before himself being ...

Morocco says at least 20 injured in fighting between migrants RABAT: Fighting between African migrants in Morocco near the Spanish enclave of Melilla left at least 20 people injured on Sunday, local authorities said.The unrest broke out in Gourougou forest overlooking the enclave where migrants gather waiting for a chance to sneak into Melilla as a passage to Europe.The fighting between migrants from Mali and Cameroun left 20 people in need of hospital treatment, local authorities said, quoted by Morocco's MAP news agency.Melilla is one ...
Sudan security agents seize daily's print run KHARTOUM: A Sudanese daily newspaper that was allowed to resume publishing in March after a ban of nearly two years has been seized, its chief editor said on Sunday.National security agents confiscated the entire print run, about 23,000 copies, of Al-Tayar's Saturday edition, its editor Osman Mirghani told AFP.According to Mirghani, the security agency said it seized the edition because Al-Tayar wrote about Investment Minister Mustafa Osman Ismail's anger at delays in the government's national ...
Clash between army, 'tribal gunmen' leaves 65 dead in Uganda KAMPALA: At least 65 people have been killed in clashes between tribal gunmen and Ugandan government troops in the west of the country near the border with the Democratic Republic of Congo, officials said Sunday.It was not immediately clear what sparked and who was behind the violence, but the region has been hit by recent communal violence between Christians and Muslims, and is also an area where an Islamist rebel group is known to operate."So ...
Kenya tension as opposition readies for mass rally NAIROBI: Kenya's main opposition party is gearing up for a mass rally on Monday in a major challenge to the country's year-old government amid mounting security woes and fears of renewed ethnic violence.Opposition leader and former prime minister Raila Odinga plans an anti-government rally on July 7 in central Nairobi, the anniversary of protests for multi-party democracy in the 1990s, a date heavy with symbolism and known commonly as "Saba-Saba" , or "Seven-Seven" in Swahili.Attacks ...
Libya govt says regains control of two oil terminals TRIPOLI: Interim Libyan Prime Minister Abdullah al-Thani announced the end Wednesday to the country's oil crisis, saying the authorities had regained control of two oil terminals that had been blocked by rebels.He made the announcement at a joint press conference in Ras Lanuf with rebel leader Ibrahim Jodhran, who confirmed that the two ports had been opened.The one at Ras Lanuf has a daily capacity of 200,000 barrels per day while the other, at Al-Sidra, ...
Sudan rebels say photos show downed chopper KHARTOUM: Rebels in Sudan's South Kordofan, where fighting intensified in recent weeks, on Wednesday released photographs of a downed helicopter gunship which they said they shot down.The Sudan's People's Liberation Army-North (SPLA-N) have previously claimed to have downed government aircraft during the three-year war but they have not provided evidence.The authenticity of the photographs could not independently verify, and Sudan's military spokesman could not be immediately reached.SPLA-N spokesman Arnu Ngutulu Lodi said rebels obtained the ...

 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln