Latest Egypt News
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Egypt hit with security abductions in Sinai
Security sources identified the abductors as members of the Al Qaida-aligned Tawhid W’al Jihad, which also maintains a presence in the neighboring Hamas-ruled Gaza ...
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Two Egyptian journalists critical of Mursi face trial
journalists , talk show hosts and comedians have been charged with defamation over the last few months and activists accuse the government of using the courts to target its liberal and secular opponents. Public Prosecutor Talaat Ibrahim - appointed by Mursi last November - ordered the trial ...
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Egypt sets new limit on investing in local money market
CAIRO: Egypt's central bank, worried that banks are investing too much of their cash in local money market and fixed income funds, is imposing stricter limits on such investments, a move asset managers say could cripple their industry.The central bank said in a directive banks will not be able to invest more than two per cent of their tier-one capital in local money market and fixed-income ...
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Egypts new Justice Minister Suleiman said he would take Turkish judical system as model…
Egypt's new Justice Minister Suleiman said he would take Turkish judical system as model CAIRO - Egypt's newly appointed Minister of Justice Ahmed Suleiman has said, "I will work for our citizens to ease their proceedings at the courts by taking Turkey as a model."Ahead taking his new office, Suleiman spoke to Anadolu Agency and said that before he was appointed as a ...
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Govt Forms Body to Confront Violence Against Women
Chairwoman of the National Council for Women, Mervat al-Talawi, has welcomed a decision by the Ministry of Interior to establish a body allocated to combat violence against women. Talawi expressed hopes that the decision will be enforced soon, considering it an initial step towards addressing the growing phenomenon of violence against women. She said that Egyptian women need to be protected ...
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Prosecutor Investigates Torture Case
Egypt's top prosecutor has ordered an investigation in a lawsuit accusing the interior minister and the chief of Torah Prison of torturing a prisoner until he lost his eyesight. "Major Ashraf Khafaga, Chief of Torah Prison, tortured a prisoner, humiliated and assaulted him until he lost his eyesight, which contradicts the most basic human rights, laws and constitutions," said the ...
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Govt Rethinks Its Subsidy System for the Poor
Cairo - The Egyptian government has taken tentative steps towards reducing the roughly US$20 billion subsidy system that supporters say provides vital aid to ...
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Egypt Police Mistreats Stranded Palestinians - Gaza
A Gazan official has said that hundreds of stranded Palestinians, including members of parliament and patients, were mistreated by Egyptian police during their return from the Kingdom of Saudi Arabia after performing hajj (Muslim pilgrimage to Mecca). Interior Ministry Spokesman Islam Shahwan told Asharq Alawsat on Sunday that he received complaints from stranded citizens who said they were ...
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Egypt Judges Elect New Constitutional Court Chief
The general assembly of the High Constitutional Court approved Adly Mansour's appointment as Chief Justice on Sunday. Mansour will replace Maher al-Behiery who retires on June 30. A 2011 amendment to the law states that the president chooses the Chief Justice of the HCC from the three top deputies following the approval of the court's general assembly. Before the amendment, ...
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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) ...
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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