Latest Egypt News
RSS-
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 ...
-
World Briefing | Middle East Egypt Security Forces Fire on Funeral
Egyptian officials say soldiers and police officers mistakenly fired on a Bedouin funeral in the Sinai Peninsula during a search for kidnapped security personnel. The officials say the troops thought the funeral convoy was carrying gunmen who refused to ...
-
Debate in Egypt as IMF official urges govt to cut
The statement of an International Monetary Fund (IMF) official urging the Egyptian government to cut energy subsidies has stirred up debate among local experts.On Tuesday, Masood Ahmed, IMF chief for the Middle East and Central Asia, told reporters in Dubai that Egypt should cut energy subsidies and spend more in other fields to reinvigorate its ailing economy.Ahmed said Egypt spends on energy ...
More Egypt News
RSS-
1 militant killed 3 arrested in Egypts Sinai
One militant has been killed and three others arrested in a military campaign in the Egyptian governorate of North Sinai on Tuesday, a security official told Xinhua."During a military campaign in southern Rafah in North Sinai, the security forces were surprised by heavy gunfire at Al-Barth area and exchanged fire with the militants," the security source said.Afterwards, the security ...
-
Egypt tourist arrivals rise but not by enough
Egypt rose in the first four months of 2012, the Cabinet said Tuesday, but analysts say the sector is still suffering from the aftermath of the country’s 2011 uprising. The revolt that ousted ...
-
Egypt passes new tax law in bid for economic reform
according to the Associated Press , describing the measure as one that will shift the burden on the poor to that of the nation's struggling small business sector. As for the nation's powerful and wealthy elite, the new law won't touch ...
-
Saipem awards Oceaneering Egypt offshore deal
Italian oil and gas industry contractor Saipem has awarded Oceaneering International the contract to supply umbilicals for the Burullus West Delta Deep Marine Phase IXa development located offshore Egypt. The order includes 10 subsea production control umbilicals totalling approximately 84km in length and two electrical power cables totalling around 55km in length. The project is set to be ...
-
Chevron close to offloading downstream assets in Egypt
Chevron Corp is in advanced talks to sell its downstream assets in Egypt and Pakistan, with the planned disposals seen raising around $300m for the US energy firm, Reuters has reported. The energy firm has received at least three non-binding bids for the assets from interested parties, which include regional and international energy companies, one of the sources said, declining to provide ...
-
Egyptian army secures Sinai in hunt for Islamists
Rafah near the border with Gaza on Thursday in the latest setback for the Cairo government's efforts to reinstate law and order in the Sinai ...
-
Crime Rate Explodes in Post-Revolutionary Egypt
, saying the police inherited "this mess." According to the report, armed robberies rose from 233 in 2010 to 2,807 in 2012. Break-ins in private homes went from 7,368 in 2010 to 11,699 in 2012. There have also been increasing numbers of firearms coming into the country, Osman said. Human rights activists in Egypt said the thousands of criminals released during the revolution ...
-
Islamists in Egypt Threaten Copts and Judicial Integrity Says Ex-Court Official
Morsi Sheikh, former head of the Appellate Court and director of the Center for Justice and Democracy of Human Rights, stated that Copts in Egypt face continual threats and violence from ...
-
Egyptian troops mistakenly fire on Sinai funeral in sweep against militants behind kidnapping
An Egyptian Army vehicle with a tank heads to the closed Rafah border crossing between Egypt and the Gaza strip, in Sheikh Zuweyid, northern Sinai, Egypt, Monday, May 20, 2013. Security officials said 17 military and more than 20 police armored vehicles were deployed in northern Sinai Monday as a response to the kidnapping by suspected militants of six policemen and a border guard there last ...
-
Mubarak to stay in prison hospital court says
Hosni Mubarak will remain behind bars for another 30 days, an Egyptian court ruled Tuesday. It is the third extension of Mubarak's most recent jail stint on charges he exploited his office for personal financial gain. The 84-year-old former leader, who is in failing health, is being held in Cairo's Tora Prison Hospital. Ahram Online said Mubarak's raft of legal cases are moving ...
-
Egypt Sends Troops Into Sinai
CAIRO [MENL] -- Egypt has begun sending thousands of troops into theturbulent Sinai Peninsula. Officials said the Egyptian Army was sending scores of combat units inSinai for another counter-insurgency offensive. They said the armyreinforcements were searching for seven officers abducted on May 16 near theborder with Israel and the Gaza ...
-
UPDATE 1-Chevron nears sale of Egypt Pakistan downstream assets -sources
Tue May 21, 2013 2:59pm EDT By Dinesh Nair DUBAI May 21 (Reuters) - Chevron Corp is in advanced talks to sell most of its downstream assets in Egypt and Pakistan, three sources said, with the planned disposals seen raising around $300 million for the U.S. oil major. Chevron, the second-largest U.S. oil company, is conducting a separate sale process for its assets in both countries, the banking ...
-
Egyptian Press Stresses Cuban Deputy Foreign Ministers Visit
Cairo, May 21 (Prensa Latina) The English-language Egyptian Gazette published an extensive interview today with Cuban Deputy Foreign Minister Rogelio Sierra, in which he highlighted the strength and historic nature of bilateral ties between Cuba and Egypt. The visit of the Cuban deputy foreign minister was followed with interest by both Egyptian television and printed press, which requested his ...
-
Egyptians arrested on security grounds may meet relatives soon
(MENAFN - Khaleej Times) The 11 Egyptians arrested in the UAE on security grounds will be able to meet their relatives very soon, said Egyptian Ambassador to the UAE Tamer Mansoor. He also confirmed that all of them are in good health.Mansoor told Khaleej Times on Sunday that the Emirati officials wanted to comfort the relatives of the accused who had already talked to them on the phone in ...
-
Hamas to close tunnels if Egypt will open border
Hamas said it would be willing to close all smuggling tunnels under the Gaza-Egypt border upon opening of a commercial crossing, Palestinian news agency Ma'an cited Ghazi Hamad, Hamas undersecretary of the Ministry of Foreign Affairs as saying Tuesday. Egyptian police angered by the kidnapping of seven colleagues Thursday by Islamist ...
-
Egyptian Politician Removal of Christian Secretary Shows Submission to Religious Pressure
Deputy Head of the Egyptian Democratic Social Party Emad Gad said that pressure from religious groups in the country is corrupting the judicial system in ...
-
Afdb Builds Capacity in Education Through Education Research Awards
Under the co-sponsorship of the African Development Institute (ADI) of the African Development Bank (AfDB) and the Korea-Africa Economic Cooperation (KOAFEC), the Association for the Development of Education in Africa (ADEA) announced the winners and presented eight awards to African scholars and research institutions that have published distinctive research in the field of education. The award ...
-
New Egypt tax law cuts for poor business hikes
CAIRO -; Egypt's president has signed a new tax law that cuts the amount paid by poorer Egyptians while increasing taxes on small and medium-sized ...
-
Egypts rebels protest Morsi
An Egyptian activist covers her face with the petition for "Tamarod," Arabic for "rebel," a campaign calling for 15 million signatures expressing "no confidence" in Egyptian President Mohammed Morsi and calling for early presidential elections, during a protest in Tahrir Square in Cairo on May ...
-
Egypts army blocks roads in Sinai in hunt for kidnappers
CAIRO (Reuters) - Egypt's army and police stepped up roadblocks in an area of northern Sinai as they tried to track down militant Islamists who kidnapped seven security officers last week, a security source said on ...
-
Clashes between Egypt troops and gunmen in Sinai
An Egyptian Army vehicle with a tank heads to the closed Rafah border crossing between Egypt and the Gaza strip, in Sheikh Zuweyid, northern Sinai, Egypt, Monday, May 20, 2013. Security officials said 17 military and more than 20 police armored vehicles were deployed in northern Sinai Monday as a response to the kidnapping by suspected militants of six policemen and a border guard there last ...
-
HDB to waive HydePark stake after signing settlement with Damac
) announced that CEO & Managing Director of the bank signed on Monday settlement contract with Damac Properties after Prime Minister's approval. The banks added, in a release sent to EGX that, as per terms of the deal Damac will waive its stake in HydePark Development amounting to 17.9 % to New Urban Communities Authority (NUCA). It added that, CEO signed the deal which includes ...
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
News from around our Network
