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Egypt's main imports consist of pharmaceuticals and non-petroleum products such as wheat, maize, cars and car spare parts. The current account grew from 0.7% of GDP in FY2002 to 3.3% at FY2005. Egypt's Current Account made a surplus of US$4,478 million in FY2005 compared to a deficit of US$158 million in FY2004.
The 1838 Treaty of Balta Liman, or the Anglo-Ottoman Treaty, is a formal trade agreement signed between the Sublime Porte of the Ottoman Empire and Great Britain. The trade policies imposed upon the Ottoman Empire, after the Treaty of Balta Liman, were some of the most liberal, open market settlements that had ever been enacted during the time.
In practice, Muhammad Ali's land reform amounted to a monopoly on trade in Egypt. He required all producers to sell their goods to the state. The state in turn resold Egyptian goods, within Egypt and to foreign markets, and retained the surplus. The practice proved very profitable for Egypt with the cultivation of long staple cotton, a new cash ...
Whether the trade deficit is really a problem for the American economy is debatable. But either way, most economists oppose using tariffs to address the issue, arguing that higher tariffs will ...
The Nile River provides Egypt with some of the most fertile land in the Middle East. It produces food for consumption and export as well as cotton for domestic and foreign textile production. Egypt's other great resource is the Suez Canal. Roughly 7.5% of global sea trade transits the canal providing Egypt revenues in excess of $3 billion ...
Israel said on Tuesday that it was up to Egypt to reopen the Rafah Crossing and allow humanitarian relief into the Gaza Strip, prompting Cairo to denounce what it described as an attempt to shift ...
A monopoly has considerable although not unlimited market power. A monopoly has the power to set prices or quantities although not both. [37] A monopoly is a price maker. [38] The monopoly is the market [39] and prices are set by the monopolist based on their circumstances and not the interaction of demand and supply. The two primary factors ...
Egypt was successful in abolishing the Mixed courts in 1937, [42] [43] repealing the Public Debt Commission in 1940, and negotiating the 1936 Anglo-Egyptian treaty. This treaty limited the extent of British troops in Egypt (except with regards to the Suez canal and the Sudan), and the creation of a proper Egyptian military.