Latest Egypt News
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Iranian Egyptian Foreign Ministers Discuss Syrian Conflict
Tehran, Jun 17 (Prensa Latina) Iranian and Egyptian Foreign Ministers Ali Akbar Salehi and Mohamed Kamel Amr, respectively, have expressed the need of solving the Syrian crisis through diplomatic channels, reported the official media in this capital today. According to IRNA news agency, the topic was discussed during a phone conversation between both ministers. Salehi specified that his country ...
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AfDB President Applauds G8 for Emphasis on Greater Transparency in Taxation
Speaking as G8 leaders began meeting in the United Kingdom, Kaberuka urged the international community to promote transparency, curb tax evasion and ensure more balanced contracts in the natural resources sector. He said transactions in the sector were very opaque. "It is only in this way that our countries will be able to find the financial resources they need to fund infrastructure and ...
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Egypts Bible Burning Cleric Sentenced to 11 Years
A court in Egypt sentenced a Muslim cleric, who is known for his hate speeches against Coptic Christians, to 11 years in jail for tearing up and burning a Bible during a protest against an anti-Islam film outside the U.S. embassy last ...
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Moscow Seeks Clarification After Egypt Cuts Syria Ties
MOSCOW, June 17 (RIA Novosti) - Russia has asked for clarification from Egypt over its decision to sever relations with Syria, which came as a complete surprise to Moscow, Foreign Ministry spokesman Alexander Lukashevich said on Monday. "This decision will be unlikely to show Egypt's positive role in the regional effort to resolve the Syrian crisis. It demands additional explanation ...
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Egyptian politician repeats age-old blood-libel of Jews
, the founder of the Egyptian Justice and Progress party in a televised interview. A member of Egypt’s parliament, he continued, "They take a Christian child, slit his throat and slaughter him. Then they take his blood and make their [matzos]. This is a very important rite for the Jews, which they never ...
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Protests to give new turn to Egypt revolution
"There is a strong chance of violence resulting from the coming protests," said retired Egyptian general Sameh Seif al-Yazal, a military analyst. "It could start from any ...
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Hassan Mostafa Is Sentenced to One Year of Imprisonment With Labor
Cairo - Menshyat Misdemeanor Appeal Court sentenced the activist Hassan Mostafa to one year imprisonment with labor in the case no. 2132 of 2013. It is worthy to note that the Public Prosecution pressed the charges of assaulting a public officer during a protest organized by a group of activists in front of Alexandria court in order to be in solidarity with the detainees in the events that took ...
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Egypt Stock Trading Slumps to Five-Year Low Before Protests
Egypt 's benchmark stock index, the world's worst performer in June, tumbled to the lowest level by value in five years, on concern anti-government protests will bring the nation to a "tipping point." Shares of about 70 million Egyptian pounds ($10 ...
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Egyptian doctor convicted of botched surgery
Cairo: A Saudi court has given an Egyptian doctor six months in prison and barred him from working in the kingdom and other Gulf countries after finding him guilty of carrying out botched circumcision ...
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Islamists given Egypt governorships
Egypt's President Mohammed Morsi has appointed a number of Islamist allies as regional governors. The move strengthens what many see as the Muslim Brotherhood's grip on power. The Brotherhood and its allies now control 13 of Egypt's 27 governorships. The most significant appointment is for the tourist hotspot of Luxor, where the new governor comes from a party set up by an ...
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Excerpts American troops to leave Jordan after exercise. Egypt wheat
Excerpts: American troops to leave Jordan after exercise. Egypt wheat shortfall forecast. Defecting general is conduit for U.S. aid to rebels 17 June 2013 +++SOURCE: Jordan Times 17 June '13:"No U.S. troops to remain in Jordan after "eager Lion'--Ensour " by Hani Hazaimeh SUBJECT: American troops to leave Jordan after exercise QUOTE:"P.M. Ensour:No American ...
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Brotherhood and Opposition Clashes Leave 38 Injured in Fayoum
Clashes erupted on Sunday night between supporters of Egypt's ruling Muslim Brotherhood and their opponents in Fayoum, injuring 38 people. A health ministry official said that all of the patients received by the Fayoum Public Hospital suffered rubber bullets injuries in different parts of their bodies, with one serious case that was transferred to Cairo. A coalition of Islamist forces has ...
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Egypts New Governors to Take Oath of Office
Seventeen new governors will take the oath of office before Egyptian President Mohamed Mursi on Monday in the presidential palace. Mursi issued a presidential decree on Sunday appointing 17 new provincial governors, seven of which belong to the Muslim Brotherhood, the group that the president hails from, and one new governor is a member of Al Gamaa al-Islamiya. The following is a list of the ...
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World Bank Provides $1.25 Million to Support Job Creation in Upper Egypt
The World Bank group and its partners are investing more than $1.25 million in the Egypt Development Marketplace program that addresses job creation, poverty alleviation and rural development, said a press release issued by the World Bank. Thirty-five organizations are awarded grants of $800,000 to contribute to job creation in the agriculture and handicrafts sector, with a special emphasis on ...
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Metito gets funding to expand in Egypt Asia
The loan was partly provided by the IFC and partly by DEG United Arab Emirates-based water and waste-water specialist Metito has secured long-term financing to support expansion plans in Indonesia, Egypt and China.The company, owned 56 percent by Abu Dhabi-based Gulf Capital and 6 percent by the World Bank's International Finance Corp, is also looking at entering markets in Africa and the ...
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Barclays Bank Egypt provides employment opportunities and training programmes
As part of Barclays Bank Egypt's commitment to prepare Egyptian labour for the market and reach the highest levels of efficiency, the Human Resources team at Barclays Bank Egypt carried out a number of visits at various Egyptian ...
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Nile Dam politics Egypt Ethiopian officials meet
ADDIS ABABA, Ethiopia (AP) -- The foreign ministers of Egypt and Ethiopia are meeting in Addis Ababa in an effort to diffuse tensions over a huge dam Ethiopia is building on the Blue Nile ...
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Egypt’s President replaces half of governors
CAIRO, June 17. /ITAR-TASS reporter Dina Pyanykh /. Egyptian President Mohammed Mursi has appointed 17 new governors. According to local press today, eight of the 27 provinces of the country will lead the Islamists, including the representative of the former extremist group. Five administrative units will be under control of army generals, three heads are independent politicians, another one ...
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British PM praises AfDB Kaberuka for Africa infrastructure work
praised the African Development Bank (AfDB) and President Donald Kaberuka for pioneering initiatives to scale the continent's infrastructure ...
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Suggested stocks
Selection among stocks is very important in this critical period , defensive sectors are highly recommended including Food , Chemicals and fertilizers ,oil , pharmaceutical & telecoms , risk level varies among stocks in the same sector .For full details download the pdf attachment ...
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EFG-Hermes calls for AGM to discuss capital hike through free stocks
) BOD announced that it called company's shareholders to attend the Ordinary General Assembly 9 AM on Sunday 7th of July 2013 to discuss capital increase through free stocks distribution (one share for every existing five held). Moreover, company's CEO called company's shareholders to attend the Extra-ordinary General Assembly 10 AM on Sunday 7th of July 2013 to discuss capital ...
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Lake Chad Basin Commission Seeks AfDB Support
The African Development Bank will host a donors' roundtable in September to help raise funds for the Lake Chad Basin Commission's five-year investment plan (2013-2017), officials from the two institutions said Tuesday, 11 June 2013, at a meeting at the AfDB headquarters in ...
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Ellen Johnson Sirleaf hosts fruitful meeting of the High Level Panel on Fragile States
The African Development Bank's new High Level Panel on Fragile States, chaired by Ellen Johnson Sirleaf, President of Liberia, met in Monrovia, Liberia, on Friday, June 14 to make decisions on the panel's immediate priorities for critical analysis and ...
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Kraft Foods third bidder to acquire Bisco Misr Souces
) all shares, along with previous bidders Juhayna and Halwani Ikhwan, Almal newspaper reported. An informed sources related to the deal stated that, investors who showed intention to sell are the funds managed by Concord Investment Funds Manager and Al Karnak Fund, in addition to Commercial International Bank which is expected to exit these funds. The sources asserted that, the bidder must ...
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Egyptian Foreign Minister to Visit Ethiopia
Egyptian Foreign Minister Mohamed Kamel Amr is to visit Ethiopia on Sunday. The Minister is expected to hold talks with Ethiopian officials on the issue of the Grand Ethiopian Renaissance Dam (GERD). Ethiopia has already made clear that it would not stop the construction of the GERD saying that it would benefit downstream riparian countries as ...
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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