Egypt News - Archives - 21 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.

Egypt Guide

News from around our Network

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Eight candidates for Iranian presidential race

Egypt News.Net - Wednesday 22nd May, 2013

TEHRAN - Iran has approved eight candidates for the presidential election due next month, rejecting President Mahmoud Ahmadinejad's top aide in a major setback to the hawkish leader of the Islamic republic. Ahmadinejad criticised the decision to remove Esfandiar Rahim Mashaei from the final candidate list and said it was an act of "oppression". He announced plans to take up the case with ...
Construction begins on new island off Jumeirah Beach in Dubai

Egypt News.Net - Monday 20th May, 2013

Work began on Monday on the development of a man-made island in Dubai, 500 metres directly opposite the Jumeirah Beach Residence complex. To be known as Bluewaters Island, the new development will house five star hotels and resorts, al fresco dining and entertainment zones, and residential apartments and villas. The focal point of the island city, which will cost $1.6 billion, will be a 688 ...
Iran upgrading nuclear program IAEA

Egypt News.Net - Thursday 23rd May, 2013

Tehran has reportedly upgraded its nuclear program by adding advanced uranium enrichment facilities and building a plutonium-producing reactor according to the International Atomic Energy Agency (IAEA). The IAEA report reflects the increased international concerns about the potential proliferation dangers it represents as the completion date approaches, the Huffington Post reports. According ...
Indian passport problem in Saudi Arabia resolved

Egypt News.Net - Wednesday 22nd May, 2013

The problem of Saudi Arabian immigration authorities not accepting newly designed Indian passports has been resolved, according to the Indian embassy in Riyadh. India's Ambassador Hamid Ali Rao raised the issue during a meeting with Saudi Deputy Minister of Interior Ahmed Bin Mohammed Al-Salem Tuesday and the matter was clarified, local media reported Wednesday "Some cases were reported in ...

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Search for survivors nearly over in Oklahoma as damage estimate is $2bn

Egypt News.Net - Wednesday 22nd May, 2013

MOORE, Oklahoma - Rescue workers were combing through the battered remains of buildings left behind in the path of the gigantic tornado that killed two dozen people, including nine children, in Oklahoma on Monday. Officials say the search for survivors is nearly over as efforts turn towards recovery. Gary Bird, fire chief of the badly hit Moore suburb, said he was "98% sure" there were no ...
Florida man known to Boston bombing suspects shot dead by FBI

Egypt News.Net - Wednesday 22nd May, 2013

MIAMI - A man known to the Boston Marathon bombers was shot and killed Wednesday by an Federal Bureau of Investigation (FBI) agent after he turned violent during questioning, the investigating agency said. The Orlando Sentinel newspaper identified the man as Ibragim Todashev, 27. He was killed in the early morning incident in Orlando, Florida. The FBI said the shooting occurred in Orlando, ...
Senate panel approves plan to ease hiring of foreign techies

Egypt News.Net - Wednesday 22nd May, 2013

WASHINGTON - A US Senate panel has cleared a proposed legislation that relaxes restrictions on IT companies to hire foreign techies, thus clearing one of the major hurdles to ushering changes in American immigration law in a generation. The Senate Judiciary Committee approved the bill after its authors won a bipartisan support with three Republicans joining 10 Democrats in the 18-member ...

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Bernanke says more positive signs needed before scaling back stimulus

Egypt News.Net - Wednesday 22nd May, 2013

WASHINGTON - Chairman of the Federal Reserve, Ben Bernanke Wednesday said it was too soon to scale back the monetary stimulus and the central bank needs to see further signs of traction before taking a decision. A decision to scale back the $85 billion in bonds the Fed is buying each month could come at one of the central bank's "next few meetings" if the economy looked set to maintain ...
Higher exports fail to plug widening Japan trade deficit

Egypt News.Net - Wednesday 22nd May, 2013

TOKYO - Japan's trade deficit rose substantially more than expected in the month April to 879.9 billion yen ($8.6 billion), which is a 70% jump over the trade deficit during the corresponding month a year earlier, the Finance Ministry said Wednesday.. The deficit, for the tenth consecutive month, was wider than what many economists had forecast. A survey from the Nikkei business daily ...
Vitamin C offers hope of tackling drug resistant TB

Egypt News.Net - Wednesday 22nd May, 2013

WASHINGTON - Adding vitamin C to existing tuberculosis drugs regime could shorten the therapy for drug resistant TB, claims new research findings published in the online scientific journal Nature Communications. The striking discovery, by researchers at Albert Einstein College of Medicine of Yeshiva University, has determined that vitamin C kills drug-resistant TB bacteria in laboratory ...
IMF warns UK against continuing austerity programme

Egypt News.Net - Wednesday 22nd May, 2013

LONDON - In a critique of the United Kingdom's austerity programme, the International Monetary Fund Wednesday urged the Europe's third largest economy to rebalance the policy to make the transition to a high-investment and more export-oriented economy. "The UK could boost growth by bringing forward measures already included in its fiscal plan, such as spending on infrastructure and job ...