Latest Egypt News
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Prime Minister Kandil Says He Expects IMF Loan Deal Within 45 Days
Construction site in Port Safaga (file photo) Negotiations with the International Monetary Fund (IMF) to secure a $4.8 billion loan for Egypt are nearing their end, Prime Minister Hisham Kandil said on Monday. Kandil added that he expects Egypt to obtain the loan with 45 days before the parliamentary elections are held. "The financial gap is big since revenues are less than ...
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Egyptian police continue to block Israel border crossing
CAIRO // Egyptian police blocked a commercial border crossing with Israel yesterday, security sources said. The police were enraged by the kidnapping of seven of their colleagues by gunmen in the Sinai Peninsula. They have been blocking another border post, the Rafah crossing into the Gaza Strip, since Friday to press the government to help free the seven. Dozens of police expanded the protest ...
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Report Egyptian army pushes to attack kidnappers
The Egyptian army is pushing president Mohamed Morsi for a green light to attack the kidnappers of seven security officers, which have been held since last Thursday, according to a report in ...
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Jumia to benefit from additional €35 m investment by Millicom
- Jumia.com, Africa's fastest growing online retailer, confirmed that global telecommunications group Millicom International Cellular S.A plans to increase its stake in Jumia.com's holding company from 20 to 35%. This additional EUR85 million investment in the parent group is part of a EUR340 million agreementsigned in August 2012. Of the EUR85m, EUR35m will be invested in Africa. It ...
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Egyptian teacher charged with blasphemy after 10-year-old students complain
CAIRO // The young Christian woman sat handcuffed in the courtroom, accused of insulting Islam while teaching history of religions to fourth-graders. A team of Islamist lawyers sang in unison, "All except the Prophet Mohammed." The case against Dimyana Abdel Nour in Luxor began when parents of three of her pupils claimed that their children, aged 10, complained their teacher showed ...
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Government cancels initial approval for Porto Fayoum project Amer
) announced that Tourism Development Authority cancelled its initial approval for Amer's affiliate Porto Fayoum for Tourism Development's project. It is worth noting that, The Authority approved Porto Fayoum to develop 2,796,600 square meters in ...
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EGX announces cancellation of 150.000 local deposit receipts of ODH
: EGX administration announced that it has received a release from Misr for Clearing, Depository and Central Registry (depositary bank) stating that: 1- Cancelling of 150.000 of Orascom Development Holding - ...
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Egyptian army mulls Sinai operation
President Mohamed Morsi has ordered the Egyptian army to free seven kidnapped Egyptian soldiers and police officers in the Sinai, officials said. Police and security officials in the Sinai planned a military operation during an emergency meeting Saturday, an unnamed military official told the Ma'an news agency. The army intends to carry out the operation only after intelligence has ...
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Sheikha Fatima bint Mubarak Ladies World Championship wraps up
WAM LONDON: The fifth round of the 2013 H.H Sheikha Fatima bint Mubarak Ladies World Championship (IFAHR) on Friday was concluded at Newbury Racecourse, London, UK. The 1600-meter race was organised as part of the H.H Sheikh Mansour Bin Zayed Al Nahyan Global Arabian Horse Flat Racing Festival. Winner of the race, Irish jockey Marta Pisarek, on Altesse Kossack, finished the race in ...
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Cairo Oils Soap incurs LE 29.8 m loss in 9 months
) reported financial results posting a net loss of LE 29,841,075 for the period from 01/07/2012 till 31/03/2013. Noting that, it posted net profits of LE 7,221,359 for the same period of the previous ...
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Egyptian Gulf Bank declares cash dividends of LE 0.236share
) declared cash dividends of LE 0.236 per share payable on 30/05/2013. Shareholders as of 27/05/2013 are entitled to cash dividends ...
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Workshop On Youth Employment Action Plan Ends in Accra
Accra-Ghana - ECOWAS Member States have been urged to establish a mechanism for monitoring and evaluating the efficacy of their National Youth Employment Plans in responding to the youth employment challenges facing the region. This was one of the recommendations of a four-day workshop jointly organized by the ECOWAS Commission and the International Labour Organisation (ILO) to build the ...
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Blogger Accused of Insulting President to Face Verdict in June
An Egyptian court set a June 3 date to issue a verdict on the case of prominent blogger and activist Ahmed Douma, who has been accused of insulting the president and disrupting public order on Monday. The court also order his continued detention until the verdict's session. During the second hearing of his trial on Monday, Douma said it was not his intent to insult the president, but he ...
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Glaxo Smith Kline declares LE 0.75share payout
) declared cash dividends of LE 0.750 per share payable on 06/06/2013. Shareholders as of 03/06/2013 are entitled to cash dividends ...
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Presidential Aide Suez Canal project aims at doubling revenues 20 folds
- Presidential Aide for projects' affairs Ahmed Soliman said the Suez Canal corridor development project is based on three phases with the aim of transferring the corridor into a global center for industry and logistics services, thus doubling the Suez Canal's national income by 20 folds of its current value. This came during Soliman's lecture which he gave Thursday 16/05/2013 ...
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OCI NV says earnings hit by gas supply constraints
- Egyptian construction and fertiliser group OCI said its core earnings were flat in the first quarter, citing lower construction margins and reduced output at its Egyptian plants due to interruptions in supplies of natural gas. The Dutch-listed parent of Orascom Construction Industries (OCI) ...
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Anti-Mursi Demonstrators March to Tahrir Square
Demonstrators marched on Friday from Dawaran Shubra, Mostafa Mahmoud and Sayeda Zeinab to Cairo's Tahrir Square to protest against President Mohamed Mursi and the Muslim Brotherhood. Activist Kamal Khalil urged around one thousand demonstrators on the march from Shubra to pass through Road al-Farag area in order to get more people to join the march. Hundreds of marching demonstrators ...
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Egypt Suez Canal Development Project Will Raise Revenues 20 Folds - Official
The Suez Canal development project aims at turning the canal into "a global centre for industry and logistics" since 10 percent of the world's merchandise and 20 percent of all ships pass through the canal, said an advisor to President Mohamed Mursi. The project which is expected to raise the canal's revenues 20 folds will involve three phases, presidential advisor Ahmed ...
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Opposition Denounces New NGO Draft Law
Egypt's main opposition group, the National Salvation Front, announced on Saturday its rejection of the draft law governing the work of NGOs that is currently being discussed by the Shura Council (upper house of parliament). The opposition bloc stressed that this law "sets the foundation for suppressing civil work in Egypt and contradicts the international standards for freedom of ...
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Opposition Leader Sabahi Supports Rebellion Movement Tamarod
Leading figure in the oppositionist National Salvation Front, Hamdeen Sabahi, said on Saturday that the rebellion movement "Tamarod" is an initiative by youth who are devoted to achieving the objectives of the Egyptian uprising. "Tamarod" is a campaign that aims to overthrow Islamist President Mohamed Mursi's through collecting signatures for a vote of no confidence on ...
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Several flights without bags after Egypt airport strike
CAIRO (AP) — Egyptian officials say baggage handlers in Cairo's airport have gone on strike to protest a colleague's death, leaving passengers on 20 international flights from Europe and Arab countries waiting several hours for luggage.Airport officials say senior officials from the country's national carrier are meeting the baggage handlers to hear their demands, which ...
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Egypt denies Morsi intents to run cabinet
Egyptian presidency denied Friday the circulated rumors that President Mohamed Morsi intended to hold the post of prime minister in an imminent cabinet reshuffle, official news agency MENA reported. "There is deliberation over assigning the post to another figure," MENA quoted presidential spokesman Omar Amer as saying. "Qualification will be the basic criteria for the upcoming ...
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Consumer confidence in Egypt down 20 points in Q1 study
Global research firm Nielsen has said Egypt has seen the steepest decline in consumer confidence out of 58 countries worldwide, shedding 20 points from Nielsen's Consumer Confidence Index (CCI) in the first quarter of 2013, Ahram has reported. Egypt registered 74 points in the CCI, coming in last among Middle Eastern and North African states, due to ongoing political instability and ...
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Palestinian Refugees In Egypt Exiled And Forgotten
GEZIRAT AL-FADEL, Egypt -- In 1948, Suleiman Mamoudi fled by foot with his parents and other families from their village of Bir el-Sabae in Palestine. The 28-year-old and his family walked west for several hundred miles, crossing the Sinai Peninsula before settling in an area around 90 miles (145 kilometers) north of Cairo. They had not planned to stay long in Egypt's Sharqiya province, ...
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Excerpts Syrian Government quadruples price of fuel oil. Hamas influencein Egypt Iran to head UN Conference on Disarmament 13 May 2013
Excerpts: Syrian Government quadruples price of fuel oil. Hamas influence in Egypt? Iran to head UN Conference on Disarmament 13 May 2013 +++SOURCE:The Syria Report 13 ...
Cairo Discussed
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Cairo leading new wave in literature
The publishing industry in Cairo is undergoing a profound change that may have implications for the day-to-day life of Egyptians for years to come, it is a kind of revolution in literature that may one day put Cairo on the map, nestled among those other publishing powerhouses, New York, London, and Chicago primarily, but also regional publishing centers like Johannesburg, Mumbai, and Sydney.
Cairo is already a literature producing city, but it is more commonly associated with Arabic texts, and these pieces of literature are further associated with sweeping assessments of society, societal change, politics and religion on a macrocosmic level. Traditionally, there has also never been much of a local market for literature in Cairo or wider Egypt, leading to an old saying that books are written in Cairo, but published in Beirut and then read in Baghdad. Read more
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