EGYPT

Cairo is burning

Anti-government demonstrations have swept across Egypt despite a 6 am-7 pm curfew imposed by the state and a vow by President Hosni Mubarak to get tough with protesters demanding his ouster.
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Internet goes dark in Egypt

Egypt appears to have blocked all access to internet in the midst of anti-government demonstrations. US-based Web site Renesys said it has observed virtually simultaneous withdrawal of all routes to Egyptian networks in the Internet's global routing table, just after mid night, local time.

Current protests in Egypt recall Bread Riots of 1977

The ongoing anti-government protests on the streets of Cairo and other Egyptian cities represent the biggest public demonstration in the country since the famous ‘bread riots’ which occurred exactly 34 years ago.

ElBaradei to return as Egypt unrest enters third day

Egyptian police fought protesters in two cities in eastern Egypt on Thursday and Nobel Peace Prize winner Mohamed ElBaradei headed back to the country to join demonstrators trying to oust President Hosni Mubarak.

Africa growth on way back to pre-crisis level

African economic growth is heading back to pre-crisis growth levels, propelled by strong demand for its resources and increased South-South investment, notably from China.
grain

Canada, grain buyer Morocco start free trade talks

Grains exporter Canada and Morocco, among the region's top wheat importers, on Thursday announced the start of negotiations for a free trade agreement, Morocco's official media reported.

Tunisia unrest hits growth, tourism, investment: Fitch

Weeks of unrest in Tunisia will hit economic growth, frighten away tourists and discourage foreign direct investment which could fall by up to a third this year, Fitch Ratings said on Thursday.

Libya creates $24 bln housing fund:newspaper

Libya has set up a $24-billion fund for investment and local development that will focus on providing housing for its rapidly growing population, the online Oea newspaper reported on Thursday.

Protests as Tunisia readies cabinet reshuffle

Protesters stormed police barricades in the Tunisian capital on Thursday and the government prepared to dismiss key loyalists of ousted leader Zine al-Abidine Ben Ali in the face of widespread public anger.

Egypt unrest enters third day, ElBaradei to return

Egyptian police fought protesters in two cities in eastern Egypt on Thursday and Nobel Peace Prize winner Mohamed ElBaradei headed back to the country to join demonstrators trying to oust President Hosni Mubarak.

Egypt exchange reopens, main index down 8 pct

Egypt's stock exchange reopened after being suspended on Thursday and the benchmark index .EGX30 extended its decline to 8.2 percent from 6.2 percent before the halt.

Internet A Battlefield In Egypt

The internet has become a venue for battles between the Egyptian government and protesters, through social networking sites such as Facebook and the home pages of groups such as Anonymous.
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Algeria must tackle youth unemployment: IMF

Algeria must urgently create jobs for its young unemployed, the International Monetary Fund (IMF) said in a report published on Wednesday, highlighting a problem that has fuelled unrest throughout the region.

Algeria steps up grain imports, eyes Tunisia virus

Algeria confirmed it bought almost a million tonnes of wheat on Wednesday and ordered an urgent speeding up of grain imports, a move seen heading off unrest over food prices as protests swept north Africa.

Egypt markets tumble after protests, investors ponder exit

Nervous investors may begin liquidating some of their substantial positions in Egyptian equities and securities if the unprecedented political protests that thrashed the market on Wednesday gain momentum.

Egyptians defy ban on protests, demand Mubarak go

Thousands of Egyptians defied a ban on protests by returning to Egypt's streets on Wednesday and calling for President Hosni Mubarak to leave office, and some scuffled with police.

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