Egypt News - Archives - 16 Jan 2013

Egypt Digest

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. Read more

Tourism

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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Cigarette smuggling ring with terror links busted in New York

Egypt News.Net - Friday 17th May, 2013

NEW YORK - Authorities in New York are claiming to have busted a multi-million cigarette smuggling ring and arrested at least 16 Palestinian immigrants having alleged links with known terror organisations. Attorney General Eric T. Schneiderman and NYPD Commissioner Raymond W. Kelly Thursday said that the 16 members of the criminal ring in New York City, Albany County and Schenectady County ...
Dozens killed in Iraq bomb blasts

Egypt News.Net - Friday 17th May, 2013

BAGHDAD - Scores of people were killed in Iraq Friday, in a day marked by several bombings including two outside a Sunni Muslim mosque in the Iraqi city of Baquba after Friday prayers, killing at least 43 worshipers in one of the deadliest attacks in a month-long surge in sectarian violence. One bomb exploded as worshippers were departing the Saria mosque in the city of Baquba while a second ...
Syria receives advanced cruise missile batteries from Russia

Egypt News.Net - Friday 17th May, 2013

WASHINGTON - Russia has sent advanced anti-ship cruise missiles to Syria in a move that underscores its support to the beleaguered regime of President Bashar Al Assad in the war-torn Arab nation, officials citing credible intelligence reports said here. The New York Times reported Friday that the new missiles sent to Syria have an advanced radar system that makes them "more effective". ...
Russia defends arms sales to Syria

Egypt News.Net - Saturday 18th May, 2013

Russia has defended its arms sales to Syria, saying it is for purely defensive purposes. The statement from Russia came after reports that Moscow had delivered advanced anti-ship missiles to the Damascus regime. According to the Guardian, Russian foreign minister, Sergei Lavrov, did not confirm it directly, but said that Moscow's weapons sales would not in any way alter the balance of forces ...

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Cigarette smuggling ring with terror links busted in New York

Egypt News.Net - Friday 17th May, 2013

NEW YORK - Authorities in New York are claiming to have busted a multi-million cigarette smuggling ring and arrested at least 16 Palestinian immigrants having alleged links with known terror organisations. Attorney General Eric T. Schneiderman and NYPD Commissioner Raymond W. Kelly Thursday said that the 16 members of the criminal ring in New York City, Albany County and Schenectady County ...
Obama turns table on Republicans, seeks more money for security at embassies

Egypt News.Net - Friday 17th May, 2013

WASHINGTON - US President Barack Obama has called for more security at American embassies around the world, urging Congress to help him "as a partner" to fully fund the State Department in this regard. By seeking Congress support for stepping up the security at embassies, Obama has turned the tables on Republicans amid criticism that the government's response to Benghazi attack on a US ...
Dozens killed in Iraq bomb blasts

Egypt News.Net - Friday 17th May, 2013

BAGHDAD - Scores of people were killed in Iraq Friday, in a day marked by several bombings including two outside a Sunni Muslim mosque in the Iraqi city of Baquba after Friday prayers, killing at least 43 worshipers in one of the deadliest attacks in a month-long surge in sectarian violence. One bomb exploded as worshippers were departing the Saria mosque in the city of Baquba while a second ...

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Energy Department gives nod for more US LNG exports

Egypt News.Net - Friday 17th May, 2013

WASHINGTON - The Energy Department Friday gave a conditional nod authorizing Freeport LNG Expansion, L.P. and FLNG Liquefaction, LLC (Freeport) to set up a second facility for export of domestically produced liquefied natural gas (LNG) to countries that do not have a Free Trade Agreement (FTA) with the United States. The approval means that gas-hungry markets like Japan and India could start ...
Minor setback reported on Nippon's test flight of Dreamliner

Egypt News.Net - Friday 17th May, 2013

TOKYO - Japan's All Nippon Airways said Friday a modified Dreamliner had suffered a "minor" setback while conducting a test flight of an aircraft this month, but assured it was not due to overheating of lithium batteries. All Nippon Airways, the Japanese airline that is the largest operator of Boeing's beleaguered Dreamliner, said an electric distribution panel overheated and blackened during ...
Three days after closure Bangladesh factories reopen

Egypt News.Net - Friday 17th May, 2013

DHAKA - Bangladesh has re-opened hundreds of garment factories after just three days of closure following protests over pay and poor work conditions. The Bangladesh Garment Manufacturers and Exporters Association had called for the re-opening on Friday. The shutdown of factories this week was prompted by worker protests over low pay and poor working conditions sparked by the country's ...
Developing nations set to dominate global investments says World Bank

Egypt News.Net - Friday 17th May, 2013

WASHINGTON - The share of developing countries led by China and India in global investment is expected to triple by 2030 to three-fifths, from one-fifth in 2000, says the latest edition of the World Bank's Global Development Horizons (GDH) report, which explores patterns of investment, saving and capital flows as they are likely to evolve over the next two decades. Seventeen years from now, ...