CAIRO, (Reuters) – Foreign investment in Egypt was almost non-existent in the six months to the end of December, Planning Minister Ashraf al-Araby said today, illustrating the depth of the economic crisis facing the Arab world’s most populous nation.
He added that the country needed strong investment to reach the 7 percent annual economic growth rate commonly cited by economists as the level needed to lower unemployment and soak up new entrants to the labour market.
Growth was only 2.2 percent year-on-year in the three months to the end of December, he told a news conference.
PERRIS, Calif., (Reuters) – Police said yesterday they were still seeking answers after finding 13 siblings starving in their parents’ squalid Southern California home, some of them chained to beds under “horrific” conditions in an otherwise ordinary suburb.
WASHINGTON, (Reuters) – President Donald Trump’s former chief strategist Steve Bannon declined on Tuesday to comply with a subpoena ordering him to answer questions from a House intelligence panel about his time at the White House as part of its investigation into allegations of Russian interference in the U.S.
SAN SALVADOR, (Reuters) – El Salvador is discussing a deal with Qatar under which Salvadoran migrants facing the loss of their right to stay in the United States could live and work temporarily in the Middle Eastern country, the government of the Central American nation said on Tuesday.
LONDON, (Reuters) – Carillion collapsed yesterday when its banks pulled the plug, triggering Britain’s biggest corporate failure in a decade and forcing the government to step in to guarantee public services from school meals to roadworks.
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