Archive | September, 2012

USAID loan promises small businesses help, but without a guarantee

By Stephen Kalin for the Egypt Independent In a visit to Egypt in late August, US Under Secretary of State Robert Hormats announced a US$34 million loan guarantee extended to HSBC Bank by USAID in support of small- and medium-sized enterprises, or SMEs. The initiative is part of the agency’s Egypt Competitiveness Project, first publicized […]

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The alternative guide to solving Egypt’s economic crisis

By Maggie Hyde for the Egypt Independent Egypt is currently taking a series of massive measures which officials say will help fix the country’s ailing economy. In recent weeks, it has received loans and investment pledges from Italy, Turkey, the United States, Saudi Arabia and China. In the past month, it has entered negotiations for […]

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Arab NGOs urge EU to press for change in Bahrein

By Martin Banks for The Parliament The demand comes on the eve of a visit to Brussels by a group of NGOs from Arab countries. The NGOs says the EU has a “pivotal role” to play in the “drastically changed” political environment of the Arab world. The visit comes in the wake of recent condemnation […]

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Egypt campaigners launch new salvo against IMF loan

Appeared at Ahram online As the new Egyptian government finalises a $4.8bn loan, anti-debt campaigners warn that relying on overseas borrowing will revive the worst practices of the Mubarak era economy Egyptian campaigners launched a fresh salvo against government plans to borrow from the International Monetary Fund (IMF) on Saturday, claiming further foreign loans would […]

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Money pressures lobby tour

The EIB lends many billions every year (EUR 61bn in 2011) and this amount will still increase by up to EUR 60bn in the coming years as a result of EU anti-crisis measures. But the battle of which interests prevail, which policy to follow or which investment to make is often fought here in Brussels. […]

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Nabucco pipeline

The idea of the Nabucco pipeline was first put forward in the early 2000s. The aim is to bring natural gas from Central Asia and/or the Middle East to Europe to serve the constantly growing energy consumption of European people and industry and also to ease Russian leverage over the European energy market. The pipeline […]

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