Latest Egypt News
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7 kidnapped Egyptian servicemen released
Seven Egyptian security personnel arrived in Cairo Wednesday morning after being released by kidnappers in the Sinai Peninsula, Egyptian officials said. Egyptian President Mohamed Morsi, Defense Minister ...
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Egypt Boosts FX Sale for Commodities as SP Warns on Inflation
Egypt 's central bank will offer a record $800 million at a currency auction to local lenders today to finance imports of staple foods and medicines after Standard & Poor's warned of accelerating inflation. The regulator, which normally offers $40 million at each auction, is holding a second so-called exceptional sale specifically targeting basic commodities. It sold $600 ...
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Egypt Security Officers Kidnappers Must be Pursued and Captured
Cairo - Supreme Guide of Egypt's Muslim Brotherhood, Mohamed Badie, extended his greetings to President Mohamed Mursi, the Armed Forces and the Bedouins of Sinai on Wednesday for their efforts in releasing the seven kidnapped security officers. Badie stressed through his Twitter account the necessity to hold the perpetrators of this abduction accountable. "Congratulations to the ...
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Sinai kidnappers free Egyptian policemen
Egypt has reopened the Gaza border crossing after Sinai militants released three Egyptian policemen and four soldiers kidnapped five days ...
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Gaza-Egypt crossing at Rafah reopens witnesses
In this Monday, Aug. 6, 2012 file photograph, the Rafah border terminal between Egypt and Gaza, and the only gateway for Gaza's people, is closed and guarded by Egyptian border guards in Rafah, Egypt. (AP Photo/Ahmed Gomaa, ...
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Damac emerges from Egypt tussle poorer but clean
with Egypt’s government, but at a significant cost, according to figures published by an Egyptian newspaper. Under the terms of the deal, Damac will pay an additional $20.77m to reclaim the right to construct its "Park Avenue" mall and commercial project on the Cairo-Alexandria road, while it will forfeit its stake in local developer, ‘Hyde Park Properties for Development ...
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Egyptian security men abducted in Sinai freed
Six Egyptian policemen and a border guard abducted on the Sinai peninsula last week have been released, the Egyptian army has said in a statement. "The seven kidnapped soldiers are now on their way to Cairo after they were released thanks to the work of military intelligence, and in cooperation with the noble tribal leaders of Sinai," said army spokesman Colonel Ahmed Ali in a ...
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International Association of Judges Rallies Behind Nations Judiciary
At an international conference focusing on the independence of Egypt's Judiciary on Monday, the president of the International Association of Judges announced a new committee to investigate the feud between the judiciary and the government in Egypt. Gerhard Reissner explained that the association plans to present a comprehensive report on the matter to the United Nations, after hearing ...
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Army Determined to Apprehend Sinai Soldiers Kidnappers
Egyptian Army Soldiers (file photo). Egypt's Armed Forces said on Tuesday it did not and will not hesitate in taking any steps to release the kidnapped soldiers in Sinai. The response to this operation will be swift and harsh, the Armed Forces added. "We will not have pity or mercy on terrorists or those who help them." On their Facebook page, the Armed Forces reported that ...
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Army Raids Sinai Homes in Search of Hostages
Egyptian Army Soldiers (file photo). Security sources in northern Sinai said that army and police forces began raiding homes in al-Sheikh Zuwayed and Rafah on Tuesday in search of the seven security members who were abducted on Thursday. The sources told Aswat Masriya that the raids included about 20 homes in the deserted area of southern Rafah. Forces fired gunshots at subjects who were ...
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Gunman Killed in Airstrike in Sinai
Egyptian Army Soldiers (file photo). A gunman was killed in an air strike on a village in northern Sinai during a security operation on Tuesday, reported a state-owned news channel. The armed forces and the police are currently carrying a security operation to liberate the seven security officers who were kidnapped on Thursday by Islamist militants. The security forces also captured three ...
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Authorities Deny Killing Gunman in Sinai
Egyptian security sources denied killing a gunman in an airstrike in northern Sinai, saying that the security forces mistakenly fired on a funeral during a sweep search for the security personnel who were kidnapped on Thursday. A state-owned news channel has reported earlier that a gunman was killed during the military operation conducted to free the seven kidnapped security officers. The ...
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Egypts EFG Hermes says Q1 net profit jumps 27 pct
CAIRO | Wed May 22, 2013 4:40am EDT CAIRO May 22 (Reuters) - EFG Hermes, Egypt's biggest investment bank, saw net profit jump 27 percent in the first quarter from the same period a year earlier, the bank said on Wednesday. Net profit for the period increased to 98 million Egyptian pounds ($14 million) from 77.0 million pounds in the first quarter of 2012, the bank said in a ...
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Egyptian Authorities Reopen Rafah Crossing
Gaza, May 22 (BNA) - Egyptian authorities reopened on Wednesday the Rafah border crossing between Egypt and the Palestinian territories, south of the Gaza Strip, in both directions after the success of the Egyptian army in releasing its seven soldiers who were kidnapped last Thursday in north Sinai. Rafah crossing was closed for five consecutive days due to protest against the kidnapping of the ...
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Tonight with Hani comedian actor is also an upstanding Egyptian citizen
the current judicial system . The comedian actor joined up with other celebs from the country at one of Cairo's most fabulous hotels because he knows that if you want to see improvement, you gotta take a ...
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Seven Egyptian hostages freed in Sinai en route to Cairo
After almost a week in captivity, seven soldiers held hostage by unidentified militants in Sinai have been released and are en route to Cairo confirmed Egyptian Armed Forces Spokesperson Ahmed Mohamed Ali, early Wednesday morning. The officers, who are being flown back to the capital, are free thanks to the efforts ...
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CIB submits request to discuss capital hike
) submitted a request in order to call for both EGM, OGM to discuss increasing issued and paid capital through free distribution from genaral reserves (one free stock for every existing two ...
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Kidnapped Egyptian soldiers in Sinai released
"The soldiers are on their way to Cairo after their release thanks to efforts of the Egyptian military intelligence in coordination with the elders of the tribes and families of Sinai," a spokesman of the Egyptian army was quoted as ...
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Sinai Egyptian hostages released - army spokesman
Seven Egyptian security officers kidnapped in Sinai last week have been released – according to an army spokesman. Ahmed Ali made the statement on his Facebook page. It said: ';The seven kidnapped Egyptian soldiers are on their way to Cairo after their release thanks to the efforts of Egyptian military intelligence in coordination with the elders of the tribes and families of ...
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Egypt TV 7 security personnel kidnapped in Sinai freed
Egyptian soldiers deployed at Rafah Crossing border between Egypt and Gaza Strip on May 21, 2013 as Cairo was intensifying efforts to secure release of seven security personnel captured in Sinai Peninsula week ...
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Hunger poverty rates rise in Egypt over the past three years UN
New York, May 22 : Poverty and food insecurity in Egypt have risen significantly over the last three years, according to a joint reports released Tuesday by the United Nations food agency and ...
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Egyptian state TV says 6 policemen border guard abducted in Sinai have been released
CAIRO - Egyptian state TV says six policemen and a border guard kidnapped by suspected militants in the Sinai Peninsula last week have been freed. The report says the men were let go in the middle of the desert by their captors and the military was transporting them on Wednesday back to the Egyptian capital, Cairo. The military's spokesmen, Col. Ahmed Mohammed Ali, confirmed the release ...
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17 of Egypts population suffered food insecurity
Average Egyptian household spends 40.6 percent of its expenditures on food The World Food Programme (WFP) in Egypt released a report on Tuesday showing that 17 percent of Egypt's population, an estimated 13.7 million people, suffered from food insecurity in 2011, compared to 14 percent in 2009.According to the joint report by the World Food Programme, the International Food Policy Research ...
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Food Security and Nutritional Status Worsening Amidst Economic Challenges
Cairo - Poverty and food insecurity in Egypt have risen significantly over the last three years according to joint reports released today by the UN World Food Programme (WFP), the government's Central Agency for Public Mobilization and Statistics (CAPMAS) and the International Food Policy Research Institute (IFPRI). A report by WFP and CAPMAS found that an estimated 13.7 million Egyptians ...
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Turkey increases Egypts credit line by $250m
Turkish deputy prime minister Ali Babacan has said his country will increase its $1bn credit line to Egypt by $250m, Reuters has reported. Turkey was expected to transfer the remaining $1bn of a $2bn budget support package agreed last year for Egypt this ...
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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