Latest Egypt News
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Egypt current ac deficit shrinks in fiscal year to March
The current account deficit shrank in the nine months to end-March to $3.9 billion compared to $7.1 billion in the nine months to March 2012, the central bank said in a statement. Offering slight respite to an economy hurt by dwindling foreign currency reserves, the first three quarters of the fiscal year saw tourism revenue rise to $8.08 billion, up 14 percent on a year earlier. Unrest ...
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Second Meeting of ADF 13 Replenishment - Closing Remarks - Afdb President Donald Kaberuka
As we come to the end of this, the penultimate remains for me to express my remains for me to express my appreciation and that of Staff and Management for our constructive dialogue over these two and a half days. I believe it has enabled us to close in on a number of key issues and a better understanding of your preoccupations and concern, but what is it we are trying to achieve. In large ...
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2 killed 16 wounded in shell explosion in Egypts Assiut
Two people, including an army recruit, were killed and 16 others wounded Tuesday after a shell hit a military unit in the Upper Egyptian governorate of Assiut, the state-run Al-Ahram Online reported.A soldier and a civil servant were killed, Assiut Security Chief, Maj. Gen. Abul Qassim Abu Daif said.He added that the wounded have been sent to ...
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Egypts Mubarak interview I quit power to save lives
Former Egyptian President waves from the dock (File photo: AFP) Toppled Egyptian President Hosni Mubarak said that his decision to step down was his own, adding that he could have remained in power if he had wanted to, in an interview ...
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Misr Cement approves $ 30 m loan offer from European Bank
) announced that BOD initially approved European Bank loan offer amounting to $ 30 million to finance waste heat recovery project and renewable energy project. Moreover, it approved authorizing bank's adviser to prepare the required studies to finalize the ...
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Ethiopia agrees with Egypt Sudan to study Nile-Dam impact
Ethiopia, Egypt and Sudan agreed to conduct further studies on what impact a hydropower dam on the main tributary of the Nile River will have on downstream countries, Egyptian Foreign Minister Mohamed Kamel Amr said. Ethiopia also assured Egypt that the Grand Ethiopian Renaissance Dam on the Blue Nile River is being built in a way that will address Egypt's water-security concerns, ...
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Ezz Steel raises Ain Sokhna’s new DRI plant finance to LE 2.8 bln
) announced that it signed a contract with National Bank of Egypt, Banque Misr and other local banks to raise the amount of loan directed to finance Ain Sokhna's new Direct Reduced Iron (DRI) plant. Ezz stated that, the loan has been increased to by LE 550 million to LE 2.8 billion. The company added, in a release sent to EGX that, the loan will be paid back in quarterly installments ...
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Iran and Egypt Old Foes New Competitors
Demonstrators storm the offices of the Muslim Brotherhood's political wing, the Freedom and Justice Party, in protest of President Morsi's expansion of powers in Alexandria, Egypt, on Nov. 23. (Photo: Mohamed Hanno, ...
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52 of companies view careless employees as threat to sensitive data Survey
- Employee negligence poses a serious threat to the security of corporate confidential data, according to over half the respondents in the Worldwide Security Products survey conducted among major global companies by the research agency IDC in February 2013. The companies identified this as a priority for 2013, and intend to work towards developing and implementing policies to ensure a ...
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Prosecutor Appeals Court Order to Release Mubarak
An Egyptian court ordered the release of toppled President Hosni Mubarak on Tuesday on charges of illicit gains, but a prosecutor appealed the order. Mubarak will remain under custody pending investigations on other corruption charges. The prosecutor said that the ousted president failed to pay off his debts. A criminal court adjourned the former president's retrial last week in the case ...
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Policeman Killed in Chase of Armed Gang in Egypt
An Egyptian officer was killed on Tuesday during a police chase of an armed gang who robs residents of the Shubra al-Khema neighborhood in the governorate of Qaliubiya. Residents of the neighborhood had reported to Lieutenant Mohmaed Yasser Hosny that unknown armed assailants inside a vehicle were stopping passersby and robbing them. When Hosny headed to the area with forces to investigate the ...
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Court Orders Conditional Release of Mubarak On Illicit Gains
A judicial source said on Tuesday that a court has ordered the release of Egypt's toppled President Hosni Mubarak on charges of illicit gains, if he is not detained on other charges, reported ...
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Threats Over Nile Waters Backfire As Promise of War Is Not Credible
Egypt's threats towards Ethiopia and its Grand Renaissance dam project on the Blue Nile seem to be backfiring on all sides. On 3rd June, President Morsi, beset by growing internal problems, had a clever idea. His government would drum up an external threat, and call for internal unity. He invited leading Egyptian politicians to a meeting to discuss the issue of Ethiopia's ...
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The best books on Egypt start your reading here | Pushpinder Khaneka
Egypt as the country attempts to emerge from British occupation and forge its own identity. Palace Walk tells the story up to the 1919 revolution against the ...
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Muslim Brotherhood will not change the Emirati attitude towards Egypt and its people says paper
WAM ABU DHABI: "What do the new Egypt rulers want by singling out the UAE as the reason for their failure to rise up to the challenges of the post-January 25 Revolution facing the largest Arab country?," a local UAE paper on Wednesday asked. Describing the constant attacks on the UAE by senior leaders of the Muslim Brotherhood, the ruling party in Egypt, as inexplicable, the English ...
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Nilesat takes two TV stations off air over pirated content
Egypt's Nilesat has taken off the air two satellite TV channels for allegedly broadcasting pirated content, as MBC Group, OSN and Rotana step up a campaign for better copyright enforcement in the region, Al Arabiya has reported. Egypt-based Panorama Comedy is no longer broadcasting via the Nilesat satellite, while a related channel Panorama Action also came off the air this weekend. ...
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Egypt awards Russias Litasco gasoil supply deal
Egypt's state oil company has awarded Russia's Lukoil's trading arm Litasco the bulk of a tender for delivery of gasoil to the Mediterranean port of Alexandria in the second half of the year, Reuters has reported, citing traders. Petroineos, BP and Glencore were also winners, they said. Litasco will provide 15 cargoes, BP five, Glencore five and Petroineos three cargoes over the ...
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Islamists Press Blasphemy Cases in a New Egypt
DEIR EL GABRAWI, Egypt ...
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UPDATE 2-Egypt tourism minister protests over Islamist governor
Tue Jun 18, 2013 7:30pm EDT * Tourism minister sees "dire consequences" * New Luxor governor is member of ex-militant group * Says proud of pharaonic temples, will protect them * Pledges to welcome and protect tourists (Rewrites with tourism minister resignation) By Tom Perry and Asma Alsharif CAIRO, June 18 (Reuters) - Egypt's tourism minister tendered his resignation on Tuesday ...
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An Egyptian Journalists Nightmare
Activists, accused of working for unlicensed non-governmental organizations (NGOs) and receiving illegal foreign funds, stand in a cage during the opening of their trial in Cairo on March 8, 2012. (Mohamed Abd El Ghany/Reuters) In a long and distinguished career in Egyptian journalism, Yehia Ghanem has been a foreign correspondent and an editor ...
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FIFA World Cup Qualifying Wrap Ethopia Egypt top groups
They secured a 2-1 success at home to South Africa on Sunday, however, their place in the last phase is under threat following an announcement from FIFA that they are face an investigation for allegedly fielding an ineligible player in a fixture with Botswana on June ...
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Egyptian Cleric Sentenced to 11 Years for Burning Bible Will Continue to Attack the Church
Muslim cleric Ahmed Abdullah (C), also known as Abu Islam, arrives at a court in Cairo October 14, 2012. Abdullah is one of three Muslims Egypt's public prosecutor referred to a criminal court after they were accused of insulting Christianity and desecrating a copy of the ...
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Suspected Islamic terrorist among newly appointed governors in Egypt
Among the 17 provincial governors appointed by Egypt's President Mohamed Morsi on June 16, at least 7 are affiliated with the Muslim Brotherhood, and one is affiliated with a suspected Islamic terrorist group. The appointments by Morsi show that the Egyptian president is feeling pressure from Islamic groups, notes the AsiaNewes service. The appointment of Adel Asaad el Khayat as governor ...
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Egypt and Ethiopia try to roll back threats of war
CAIRO, Egypt Egypt's foreign minister is in the Ethiopian capital Addis Ababa today to diffuse a diplomatic standoff over access to the Nile River that had led President Mohamed Morsi to threaten his Ethiopian counterparts with the prospect of "war." Foreign Minister Mohamed Kamel Amr's visit comes a week after Ethiopia's parliament voted to strip Egypt of its right to ...
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Experts from CPNI United Nations and GDF Suez Algerie to present at the 2nd Oil Gas Security Summit 12th-13th June London
IRN is pleased to announce that Chris Phillips, Former Head of National Counter Terrorism Security Office at CPNI (part of MI5) and John Steed, Chief of Maritime Security and Counter Piracy of United Nations Political Office for Somalia will be joining the Oil & Gas Security 2013 Summit. Mr Phillips will provide attendees with an exclusive insight on tried and tested methods to reduce ...
Egypt Digest
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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
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