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CurrencyRateTime (EST)
EUR USD1.2778405-19 09:18
USD JPY79.00705-19 09:18
GBP USD1.581605-19 09:18
USD CHF0.939705-19 09:18
Forex News (EST)
U.S. stocks close worst week of 2012
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Forex Flash: EUR/USD likely to remain under pressure – Commerzbank

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Egypt is an exciting country, both for its antiquities, and modern high culture. When most people think of Egypt, they think of antiquities, but Egypt offers much more. Certainly it is a prime location to see our great heritage from the ancient world, including Pyramids and wonderful temples, but Egypt offers many adventure tours as well, including nature and desert treks, great scuba diving and even golf, fishing and birding expeditions. Alternatively, one may choose to simply relax on Egypt's wondrous Red Sea or Sinai coasts, or take in the high culture of Cairo, including grand operas, fine restaurants and its exciting night life.

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Saturday 19th May, 2012

    • Egypt army beat, tortured protesters: rights group

    West Australian

    CAIRO (Reuters) - Egyptian soldiers beat and tortured protesters they had arrested at a demonstration near the Defence Ministry this month, Human Rights Watch (HRW) said on Saturday, citing victims ...

    • EBRD agrees 1 bln euro N.Africa fund

    Reuters

    LONDON May 19 (Reuters) - European Bank for Reconstruction and Development shareholders agreed a 1 billion euro ($1.27 billion) special fund for the Middle East and North Africa on Saturday ahead ...

    • Howard Steven Friedman: Democracy's Pulse in Egypt

    Huffington Post

    While finishing a 2-week stint here in Egypt, I can't help but reflect on the current and future state of Egyptian democracy. Egypt has gone through great changes in a short period of time. It ...

  • Targeting Corruption, Egypt Goes After Mubarak's Wife

    Time

    Targeting Corruption, Egypt Goes After Mubarak's Wife Suzanne Mubarak suffers what may be a heart attack as Egyptian prosecutors prepare to level corruption charges against her By Vivienne Walt ...

  • Reintegration of Displaced Community Citizens, an ECOWAS Priority

    All Africa

    Monrovia-Liberia - The resettlement and reintegration of ECOWAS citizens displaced by conflicts is a priority critical to the region's overarching people-centred integration and development ...

  • Egypt to choose Mubarak successor

    IOL

    Cairo - Egyptians are being called to vote on Wednesday in the historic first presidential election since Hosni Mubarak was toppled by the Arab Spring uprising last ...

  • Viewpoints: Egyptian candidate could bridge divide of secular, devout

    General Sources

    CAIRO – In this presidential campaign headquarters, in a second-floor apartment in the Cairo neighborhood of Garden City, young female volunteers in full veil work alongside women in colorful head ...

  • 'Islamist Abol Fotouh leading in Egypt expat vote'

    Jerusalem Post

    Semi-official results from Egypt's expatriates vote for the country's upcoming presidential election showed independent Islamist candidate Abdel Moneim Abol Fotouh in the lead, ...

  • A wrap-up of developments in Iran, Egypt, Bahrain

    Turkish Press

    As we have focused on developments in Iraq and Syria for some time, we could not take up other significant developments in the region. This week we are going to briefly examine developments in Iran, ...

  • Egyptian Medics Likely to Open Hospital in Kigali

    All Africa

    A team of six Egyptian medical specialists on Thursday expressed interest in setting up a joint medical school in Kigali. The medics, who have been in Rwanda for a week performed surgery on 50 ...

  • Israeli company writes off stake in Egyptian gas

    General Sources

    FILE - In this Monday, March 5, 2012 file photo, flames rise from a gas pipeline explosion in el-Arish, Egypt. An Israeli company says it has written off its entire 12.5 percent investment in the ...

  • Egyptians to choose Hosni Mubarak's successor on Wednesday

    NDTV

    Cairo: Egyptians are being called to vote on Wednesday in the historic first presidential election since Hosni Mubarak was toppled by the Arab Spring uprising last year.The landmark poll will define ...

  • Obama opens up Camp David for rustic VIP sleepover

    Reuters

    In a sort of VIP sleepover, G8 leaders bedded down in rustic cabins in rural Maryland, where the U.S. presidential retreat known as Camp David is hosting by far the largest international summit ...

  • DIARY - Middle East to Aug 14

    Reuters

    All times are provisional and in GMT. Other major diaries; For all Top Economic events, Click on For all Top Economic Indicators, Click on For Emerging Market economic events, Click on For ...

  • Egyptian presidential election ends in UAE

    Khaleej Times

    The six-day voting by expatriates in the Egyptian presidential election has come to an end. A top diplomat here said nearly all 61,427 Egyptians registered in the Electoral College in the UAE cast ...

  • Candidates jockey for lead days ahead of Egyptian election

    Globe and Mail

    In a campaign that has become a referendum on the place of Islam in society and threatens a pivotal peace treaty with Israel, Egyptians vote for a new president next Wednesday and Thursday, the ...

  • Huge economic challenge awaits Egypt's next leader

    General Sources

    When Egyptians joined a popular revolt last year, many were demanding economic change. They were suffering from high unemployment and prices, low wages, widespread poverty and crippling ...

  • Ex-foreign minister heads presidential field in Egypt

    UPI

    Amr Moussa appears to be the man to beat in a crowded field as the country's presidential election approaches. Most opinion polls show Moussa about 20 points ahead of his nearest challenger, ...

  • Egyptian director sends defiant message home

    General Sources

    CANNES: Egyptian director Yousry Nasrallah, in Cannes with his Arab Spring drama "Baad al-Mawkeaa" ("After the Battle"), defiantly vowed Thursday that the Islamists jockeying for ...

  • Gallup survey finds support in Egypt for Muslim Brotherhood dropping as presidential vote nears

    Miami Herald

    CAIRO -- Support for Egypt’s Islamist political parties has plummeted ahead of this country’s presidential election next week, a Gallup survey released Friday has found, while early ...

  • Egypt's New President Could Come From Old Guard

    General Sources

    Reuters/Landov Amr Moussa, a prominent figure during the rule of former President Hosni Mubarak, is the front-runner as Egyptians prepare to vote for president next week. He is shown here during a ...

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Egypt's oil industry is growing rapidly


Egypt's oil industry is growing rapidly

Egypt has, in recent years, made immense gains in terms of economic performance. The country has long been the economic powerhouse of North Africa and Africa in general (second only to South Africa and Nigeria) and has taken great steps to reverse the highly-centralized economy inherited from President Gamel Abdel Nasser.

The oil and gas sector has long been one of the major strengths in the Egyptian economy, along with other natural resources such as minerals, gold and natural gas.

But the high point of oil produ ... more


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