Over the past three decades, Pakistan has been a regular customer of the International Monetary Fund’s bailouts. So much so that every government that has come into power since 1988 has turned to the lender, even if only a handful...
The days are gone when Marco Polo described how long the path towards Asia was, and what he could barter during the incredible travels he accomplished at the time. Nowadays China, the destination of his previous commercial trip is a...
As Mario Draghi’s term as president comes to an end, the battle over who will succeed him has brought all of the flaws that plague the European Central Bank to the fore. “The Eurozone will endure, but it will not...
(Cairo) The cause for the current rise in the exchange rate of the Egyptian pound against the US dollar are a set of factors that all reflect a national economic rebound, economists have said. The Egyptian pound has been gaining...
The New Silk Roads, or Belt and Road Initiative (BRI) are the most wide-ranging, far-reaching, multinational, multicultural economic development project of the 21st century, spanning Eurasia and beyond. There are no alternatives in the market – any market. The West,...
The Italian economy is hitting headlines again, with no end in sight to its continuing problems. The Daily Express reported that the relationship between Rome and Brussels is deteriorating. The European Commissioner for Economic and Financial Affairs, Pierre Moscovici, has...
Cairo- Speculation is rife on whether Egypt will step in to provide Jordan with its full natural gas needs, after the Jordanian parliament called for revoking a 2016 natural gas import deal with Israel. A majority of parliament members led...
Cairo – Egypt says it has plans to become an electrical power-sharing center, with local electricity production covering consumption and leaving enough of a surplus to trade with other countries. “Our focus is now on increasing the efficiency of local...
There’s been a kind of pandemic in the press in recent weeks about Europe being “sick.” The trouble is, it’s very hard tofigure out, after reading the articles, exactly what the sickness is. A recent Bloomberg Opinion column asks “What...
Cairo – Egypt’s new transport minister is focusing national attention on the railways in a positive manner for the first time in more than two decades. Kamel al-Wazir, an army general who headed the Engineering Section of the Egyptian army...
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