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Economics and Finance Situation Reports

Dec 17, 2012 | 1321 GMT

Germany has postponed a partial debt relief plan for Egypt worth 240 million euros (roughly $316 million) while expressing concerns of an emerging dictatorship in the country, German Development Minister Dirk Niebel said Dec. 17, DPA reported, citing Berliner Zeitung.

Dec 16, 2012 | 1704 GMT

Dec 13, 2012 | 2244 GMT

The United States will impose additional sanctions against Iran's nuclear proliferation networks, according to a Dec. 13 statement from the U.S. Treasury.

Dec 13, 2012 | 1728 GMT

Islamic coalition forces in Egypt called for a million-man march Dec. 14-15 after Friday prayers, Youm7 reported Dec. 13.

Dec 13, 2012 | 0602 GMT

European Union finance ministers brokered a deal Dec. 13 to create a single bank supervisor with powers to close down lenders across the eurozone, several officials said, AFP reported.

Dec 12, 2012 | 1147 GMT

The Friends of Syria group will recognize the newly formed Syrian opposition coalition as the country's legitimate representative during a Dec. 12 meeting in Morocco, Al Arabiya and AFP reported.

Dec 11, 2012 | 1431 GMT

Egypt and the International Monetary Fund agreed Dec. 11 to delay by a month a $4.8 billion deal, Egyptian Finance Minister Mumtaz al-Said said, Reuters reported.

Dec 10, 2012 | 2043 GMT

The General Council of the World Trade Organization approved membership for Tajikistan on Dec. 10, and Tajik President Emomali Rakhmon and WTO Director-General Pascal Lamy signed the country's accession protocol, Xinhua reported.

Dec 7, 2012 | 2025 GMT

The United States will grant 180-day waiver on Iran sanctions for nine countries in exchange for cutting purchases of Iranian oil, an unnamed congressional aide said Dec. 7, Reuters reported.

Dec 6, 2012 | 1359 GMT

Iran's crude exports are expected to drop by roughly a quarter in December from November to the lowest levels since new sanctions were applied earlier in 2012, unnamed industry sources with direct knowledge of Tehran's shipping plans said Dec. 6, Reuters reported.

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