Latest Egypt News
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GB Autos quarterly income up 160 on record sales revenues
Egyptian vehicle assembler and distributor GB Auto has reported a 160.1% surge in its first quarter net income, boosted by record sales revenue, Reuters has reported. Net income rose to EGP47.3m ($6.8m) from EGP18.2m in the first quarter of 2012, while sales revenue climbed to EGP2.08bn from EGP1.71bn. "Our growth this quarter reflects strong showings from regional operations in Iraq and ...
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Egypts Commercial Intl posts 30 jump in Q1 profit
Egypt's biggest listed bank Commercial International Bank (CIB) has posted a 30% year-on-year jump in its first-quarter consolidated net profit to EGP658m ($94.4m) as its interest margin widened, Reuters has reported. Revenue rose by an annual 40% to EGP1.61bn. Deposits grew by 9.3% during the quarter to EGP86.1bn, while lending rose 3% to ...
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One dead dozens wounded in sectarian clashes in Egypt
ALEXANDRIA (Reuters) - One person died and dozens were wounded during clashes between Muslims and Christians late Friday night outside a Coptic church in Egypt's second city, state newspaper al-Ahram reported, in the latest violent sectarian row in the Muslim-majority ...
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Briton dies in Egyptian resort
Egypt . The incident occurred in a pool in the hotel's waterpark."Our thoughts and condolences are with the family at this extremely difficult time. The British Consulate were immediately informed and they are now working with our dedicated resort team in Egypt, to offer every assistance possible to the family in resort."In partnership with the hotelier, our resort team are ...
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Egypt quarantines 234 in university dorm over H1N1
CAIRO (Reuters) - Egypt has detected the H1N1 flu virus in two students at the American University in Cairo and has put 234 students and staff under quarantine in a Nile island dormitory, health and university officials said on ...
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Mubarak talks for 1st time since detention
In his first comments to the media since he was detained more than two years ago, Egypt's former President Hosni Mubarak said he is dismayed at the country's state of affairs and particularly the plight of the poor. The 85-year old Mubarak spoke to Al-Watan newspaper after a session of his retrial for his role in the killing of hundreds of protesters during the popular uprising that ...
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World Briefing | Middle East Angry Egyptian Police Close Gaza Crossing
Egyptian police officers blocked the Rafah crossing into the Gaza Strip on Friday to protest the kidnapping of seven of their colleagues by Islamist gunmen, witnesses said. Officers strung barbed wire across the border post and chained up the gates, leaving hundreds of Palestinians stranded on both sides of the fence, residents said. Gunmen abducted the seven security officers ...
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Video Kidnapping prompts Egypt-Gaza border closure
Egyptian police close Rafah border crossing to protest against government's inaction over the kidnapping of security forces in Sinai. Lindsey Parietti ...
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British Girl Drowns In Pool At Egyptian Resort
A six-year-old British girl has drowned in a pool at an Egyptian resort in Sharm el Sheikh. The Foreign Office confirmed the death and said it was "providing consular assistance to the family at this difficult time". More ...
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Egypt Damac settle disputes
Egypt has said it had settled disputes with the Dubai-based developer Damac involving projects dating back to the Mubarak era, an agreement the government hopes will reassure prospective investors, Reuters has reported. The settlement, which covered two disputes involving housing projects near Cairo and the third involving a piece of land on the Red Sea, means that Damac would withdraw a suit ...
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Egyptian security forces clash with protesters in central Cairo
Egyptian protesters shout anti-President Mohammed Morsi slogans during a protest in Tahrir Square, in Cairo, Egypt, Friday, May 17, 2013. Hundreds of protesters gathered to demand early presidential elections and the removal of the Muslim Brotherhood's regime. (AP Photo/Hassan ...
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Egyptian guards close port to protest kidnappings of security officers
Police in the Egyptian border port of Rafah, on the Sinai peninsula, said they closed the port's gates Friday to protest the abduction of seven officers. Soldiers and employees at the border said they will sit in front of the closed entry and exit gates until their kidnapped colleagues are freed, Ahram Online reported Friday. Seven Egyptian security personnel were kidnapped Thursday. They ...
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Several Thousand Rally in Egypt
Cairo, 17 May (Prensa Latina) Thousands of protesters converged on Cairo''s Tahrir Square on Friday to join a planned rally in solidarity with the recently-launched "Rebel" campaign, which aims at "withdrawing confidence" from Egyptian President Mohamed Morsi and bringing about early presidential elections. Hundreds of marchers coming from Sayyeda Zeinab Mosque and ...
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Egyptian Solidarity Wants Removal of Religious Defamation Laws From Countrys Constitution
Egyptian Solidarity has called for the removal of religious defamation laws from the Egyptian penal code and constitution, explaining that such laws contradict the principles of human ...
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Gaza business smuggles in KFC from Egypt
Gaza across the Egyptian border. Mohammed al-Madani, financial manager of al-Yamama company, said the business idea came when employees contacted a friend who works at the KFC in al-Arish, Egypt, with some orders and they were able to smuggle the food through a tunnel within three hours, The Christian Science Monitor reported Friday. "Then we asked ourselves, 'Why don't we ...
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Egypts Morsi seeks EU aid on Europe trip
) - President Mohamed Morsi is set to seek increased aid and investment from Europe for Egypt's beleaguered economy when he visits Brussels on Thursday on his first trip to Europe since his election in June. The Islamist president "wishes to talk about the support of the European Union during this transition period" for Egypt, his spokesman Yassir Ali said. In the Belgian ...
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Hundreds march in opposition to Egypts Morsi
Protesters frustrated with Egyptian President Mohamed Morsi said three marches took place Friday to press for early elections. Opposition groups have expressed frustration with Morsi, who marks his first year in office next month. He's the first democratically elected president in Egyptian history. Criticism against his administration ranges from his oversight of a weak economy to the ...
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Ecowas Ministers Agree On Implementation Action Plan On Proposed Lagos-Abidjan Highway
Abuja - Nigeria - ECOWAS Ministers of Works/Road Infrastructure, Transport, Finance and Justice from Benin, Cote d'Ivoire, Ghana, Nigeria and Togo, ended their one-day meeting of Monday, 22nd April 2013 in Abuja with an agreement on an implementation plan for the construction of a proposed highway linking Abidjan to Lagos. A supra-national agency to be set up will manage the project ...
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Commissioner Defends Ecowas Role in Mali Tasks Human Rights Campaigners
Abuja - Nigeria - ECOWAS Commissioner for Human Development and Gender, Dr. Adrienne Diop, has affirmed ECOWAS' total involvement in the crisis in Mali and attributed the current global interest in the country to the untiring efforts of West African leaders. The Commissioner was addressing the opening of a two-day workshop and annual general assembly of the Network of National Human Rights ...
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Recommendations for Enhancing the Promotion of Girls Education
Banjul - the Gambia - The ECOWAS expert's meeting on the education of girls and other vulnerable groups ended on Friday 19 April 2013 in Banjul with some important recommendations, whose implementation would go a long way to enhancing the promotion of the education of these marginalized social groups. In the first set of recommendations, the experts urged ECOWAS to support and assist the ...
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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