Dec 1, 2:13 PM EST

Egypt's president has imposed a second increase of tariffs on hundreds of imported products


Latest News
4,300-year-old pyramid discovered in Egypt
Women join fight against female circumcision
Cheap electronics threaten Egyptian repairmen
Egypt's president has imposed a second increase of tariffs on hundreds of imported products

Struggling to cope with price increases, some Egyptians are scrimping on meals, buying used clothes or considering moving their children to cheaper schools

The Egyptian parliament approved a new law regulating non-governmental organizations that gives security agencies extensive power over the financing and activities of NGOs and rights groups

Egyptian security official says death toll from previous night's militant attack in Sinai has reached 11 troops

Egypt's military spokesman says Islamic militants have exploded a suicide car bomb at a checkpoint in northern Sinai then clashed with troops, leaving eight dead

Multimedia
A district summary of the Beige Book
Measuring economic stress by county nationwide
Mall malaise: shoppers browse, but don't buy
Unemployment by the numbers
Family struggles with father's unemployment
Saying an affordable goodbye
Hard times hit small car dealer
Latest Economic News
The U.S. jobs report on Friday made one thing clear: President-elect Donald Trump will inherit the same two-track U.S. economy that bedeviled his predecessor

Many black Americans and people with only a high school education found jobs in November, helping reduce their unemployment rates to levels seen before the Great Recession ravaged the job market

If you were looking for a job last month, you might have found plenty of opportunities in white-collar offices, health care, construction and restaurants

Spain's conservative government says it hopes to bring in an extra 7.5 billion euros ($8 billion) in taxes to help bring down its budget deficit next year to close to the 3 percent level permitted by the European Union

Egypt's president has imposed a second increase of tariffs on hundreds of imported products

The government of Iraq is hoping a new OPEC deal will help the war-weary country generate enough revenue to help pay for its costly, 2-year-old fight against the Islamic State group

American factories expanded for the third straight month in November

The unemployment rate in the 19-country eurozone edged down further in October, to 9.8 percent from 9.9 percent the previous month

Russian news agencies are reporting that President Vladimir Putin has appointed Deputy Finance Minister Maxim Oreshkin to take over the economic development ministry, replacing an official who is facing corruption charges

International investors pledged billions of dollars on Tuesday as the Tunisian government tries to drum up support at an investment conference to keep its young democracy from falling into economic collapse

Interactives
Greece's Debt Threatens to Spread
State budget
gaps map
Auto industry problems trickle down, punish Tennessee county
Women give old Derby hats a makeover in tough economy
S.C. town deals with highest unemployment in South
How mortgages were bundled and sold as securities
Tracking the $700 billion financial bailout
Tracking the year's job losses
State-by-state foreclosures since 2007
Credit crisis explained
Presidents and their economic legacies
Lexicon of the financial crisis
Americans' addiction to debt

CAIRO (AP) -- Egypt's president has imposed a second increase of tariffs on hundreds of imported products.

The official Gazette published President Abdel-Fattah el-Sissi's decree on Thursday with a long list of over 350 items including fruits, foods, perfumes, furniture, and others where customs duties increased between 40 and 60 percent.

This is the second time this year the government has raised taxes on what it described as luxury commodities.

The measure comes nearly a month after the government floated its currency and raised fuel prices to qualify for a $12 billion bailout from the International Monetary Fund. The bailout is hoped to improve Egypt's economy after years of unrest.

© 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policy and Terms of Use.