Bassem Abo Alabass

Bassem Abo Alabass latest

THe NBI was launched as “a forum for consultation and coordination among the Basin States for the sustainable management and development of the shared Nile water and related resources." (Shutterstock)

January 25th, 2017 - 12:00 GMT

Egypt mulls return to the Nile Basin Initiative

Egypt froze its participation in the regional bloc six years ago, but the Irrigation Minister's attendance at the Nile Basin Initiative meeting in Uganda prompted speculation of a thaw towards the group.

Egypt has been facing a foreign currency crunch since the political upheaval following the 2011 uprising drove away foreign investors and tourists, the country's main source of dollars. (File photo)

March 15th, 2016 - 06:00 GMT

Egypt Central Bank depreciates pound, auctions $198M

Prices have dropped due to excess supply of crude steel from China, according to industry expert Ghada Alaa. (Al Bawaba/File)

January 7th, 2016 - 09:00 GMT

With lower production costs, Egyptian steel producers reduce prices

Egypt's fuel subsidy changes are not stalling the long-awaited IMF deal, according to the country's petroleum minister

April 28th, 2013 - 09:49 GMT

Energy subsidy reform not stalling Egypt's IMF deal - Minister

March 26th, 2013 - 09:16 GMT

Libya denies $2 billion Egypt deposit

February 26th, 2013 - 10:35 GMT