Egypt raises interest rates to curb surging inflation go.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from go.com Daily Mail and Mail on Sunday newspapers.
The activist and blogger is Egypt’s most prominent political prisoner. Despite a dramatic hunger strike late last year, he remains behind bars. Now, his sister Sanaa Seif is calling on Europe and the UN for help.
Cairo's relationship with its Gulf ally has become increasingly fractious in recent weeks after a Saudi official made clear that any future Gulf assistance ”will come with strings attached."
Talks between Saudi Arabia and Egypt regarding the sale of the United Bank in Cairo have stalled following disagreements over how to value the multimillion-dollar deal. The breakdown of the talks hind.
Inflation, IMF demands and the end of unconditional funds from the Gulf states mean Egypt needs foreign investments. But military-run trademark projects could hamper any real upswing.