Latest Egypt News
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Egypts BOP deficit narrowed by 81.2 pct in 9 months
The deficit in Egypt's balance of payment (BOP) narrowed by 81.2 percent to $2.1 billion in the period between July 2012 and March 2013, Central Bank of Egypt (CBE) said Wednesday.In a statement, the CBE said the BOP deficit in the first nine months of the fiscal year 2012-2013 (which starts on July 1, 2012 and ends on June 30, 2013) declined thanks to the 0.7 billion dollar drop in the ...
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Morsy’s appointees spark clashes across Egypt
Egyptians chant slogans during clashes between supporters and opponents of Egypt's president and his Muslim Brotherhood in Luxor, Egypt, Wednesday, June 19, 2013. On Sunday, Morsi appointed 17 new governors, including seven members of the Brotherhood and one from an ex-militant group to rule the ancient city of Luxor. That appointment outraged Luxor residents, as the governor's group ...
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Egypt allocates over $628m for Sinai development
Egyptian President Mohamed Morsi approved Wednesday the allocation of 4.4 billion Egyptian pounds (about $628.9 million) for the development of Sinai Peninsula, said presidential spokesman Ehab Fahmi."President Morsi asked the cabinet to take necessary measures to implement development plans in Sinai and meet needs and demands of Sinai people," Fahmi said during a joint press ...
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Equatorial Guinea prohibits Egypt revolt reports
No talk of a Tunisia or Egypt-style revolutions in Equatorial Guinea. These were the orders given to media in the country, which all are controlled by the state or the family of President Teodoro Obiang ...
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Egypt reshuffles management of energy firms
Egypt has reshuffled several officials at the top of state-owned companies in the energy sector, in a bid to tackle the deepening fuel crisis that is gripping the country, Dow Jones has reported. The move is aimed at "improving the performance of the petroleum sector, and giving it a push to cope with the demands of the current situation [in the country]," said the oil ministry. Among ...
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Egyptian asylum seeker Sayed Abdel Latif says he is innocent of all charges on Interpol red notice
Australia The Egyptian asylum seeker at the centre of a political slanging match says he is innocent of all charges listed on his Interpol red notice.Sayed Adbel Latif was branded a "convicted jihadist terrorist" by the Federal Opposition after it emerged that he had been held in a low-security detention facility near Adelaide despite being the subject of an alert from the ...
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Egypt Luxor protests appointment of governor linked to terrorist group
Residents in the Egyptian city of Luxor protested on June 19, decrying the appointment of a member of a hardline Islamist group as the new governor of their province. Adel Mohamed al-Khayat is a member of al-Gamaa al-Islamiya – a former militant group responsible for the 1997 massacre at a Luxor temple that killed 62 people, including 58 foreign tourists. Demonstrators rallied against ...
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Half-Finished Buildings A Symbol Of Forgotten Promise In Egypt
Marsa Alam is a region of more than 100 miles of beautiful coastlines, coral reefs and diving spots. But the city itself is a microcosm of neglect in Egypt since the revolution. It is a ghost town of unfinished construction and promised infrastructure that still doesn't exist. There is no power grid, no water so local hotels and resorts must provide their own generators and water source. ...
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Saudis may withdraw investments in Egypt
(MENAFN - Arab News) Abdullah bin Mahfouz, president of the Saudi Egyptian Business Council, said a number of Saudi investors in Egypt will be forced to withdraw their investments from Egypt, if solutions to their troubles are not found. "On the 25th of the current month we shall go to the Investment Forum in Egypt with a clear message. Through our message we will emphasize the need to come ...
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Egyptian economy grows 2.2 in 2012-2013
(MENAFN) Egypt's Investment Minister, Yahya Hamed, stated that the country's economy grew by 2.2 percent in the fiscal year 2012-2013, reported Xinhua News.Hamed also said Egypt's state budget deficit in 2013 stands at USD31.4 billion, which is 11 percent of GDP. The main reason for this according to him is petroleum commodities subsidy which amounts to USD21.4 billion. The ...
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Opponents protest Egyptian President Mohammed Morsi’s appointments
CAIRO - The decision by Egyptian President Mohammed Morsi to name 17 new provincial governors, including several who belong to his former party, triggered another round of violence here and the reported resignation of a top minister. The events stoked fears that Egypt’s first democratically elected leader was increasing Islamists’ control over the nation. Such violence, which ...
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Top Egyptian cleric declares peaceful protests religiously permissible
Almost every Friday opposition groups protest against President Mohamed Morsi. Here an Egyptian protester waves his national flag in Cairo on March 1, 2013. Egypt's top Islamic leader on Wednesday issued a statement in defense of peaceful protests, calling "deviant" those who consider such activity ...
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Mass anti-Morsi June 30 protests permitted - Egypts top Muslim cleric
Sheik Ahmed al-Tayeb, Egypt's leading Muslim cleric. (AFP file photo, courtesy of dailynewsegypt.com) Egypt's top Muslim cleric says that peaceful protests against the president are ...
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Protesters keep new Luxor governor away from office
Egypt's Mubarak back in court for retrial A hardline Islamist appointed governor of Luxor stayed away from his new office as protesters barred access and demanded Egypt's president revoke a nomination they fear will hurt local tourism. Adel Mohamed al-Khayat, appointed by President Mohamed Mursi of the Muslim Brotherhood, is a member of al-Gamaa al-Islamiya, the movement accused of ...
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Egyptian tourism minister quits over Luxor governor
CAIRO--Egypt's minister of tourism has resigned following the appointment of a new governor in the temple city of Luxor who belongs to an Islamist party linked to a deadly attack on tourists, state TV said ...
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If Egypt can we can do it too - Swazi opposition
"Tunisia and Egypt are a big 'we can do it too,' not just for Swaziland, but for the rest of the African continent and the repressed Arab world," according to the Swazi ...
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Cameroon plans Egypt-like protests
Opposition groups, trade unions and Diaspora groups are preparing "Egypt-like" protests in Cameroon tomorrow, 23 February, to call for President Paul Biya to step down. The US Embassy warns of possible ...
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Egypt and European Union Study Dispute with Ethiopia
Cairo, Jun 19 (Prensa Latina) Egyptian President Mohamed Morsi welcomed today Catherine Ashton, vice-president of the European Union (EU) and high representative for foreign affairs, and talked to her about the dispute for the construction of the Ethiopian super-dam, according to the official media. In the meeting, they talked about the opening of communication channels between Cairo and Addis ...
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Egypt’s tourism minister resigns over appointment of ex-terror leader
Egypt's tourism minister has resigned over the government appointment of an Islamic fundamentalist associated with the group behind the Luxor massacre as governor of Luxor ...
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G8 pledges strong support for AfDB infrastructure agenda
The Group of Eight most industrialized countries (G8) has expressed strong support for the African Development Bank (AfDB) Group's priorities (http://www.afdb.org), especially its initiative on infrastructure and the African Legal Support Facility - which helps countries negotiate better contracts in the natural resources sector. In a final communiqu after meeting in Northern Ireland, the ...
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Suez Cement best solution provider for high quality products via its wide offer
) is the main sponsor of the 20th INTERBUILD exhibition that will be held on 20-24 of June at the Cairo International Conference Center in Nasr City. Held under the patronage of H.E. Hisham Qandil, INTERBUILD exhibition 2013 brought together over 150,000 attendees from throughout the Middle East region. This five-day event aims to provide the general public with an insight of the building ...
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Egyptian President Mohamed Morsi Appoints Former Terrorist Adel Mohamed al-Khayat as Head of Tourist Region
Emily Smith , Wed, June 19, 2013 Egyptian President Mohamed Morsi swore in Adel Mohamed al-Khayat, the former leader of terrorist group Gamaa Islamiya, as governor of tourist-heavy Luxor on Monday. The move has inspired public outrage. In 1997, a member of Gamma Isamiya killed 58 foreigners at a temple in Luxor, the area Khayat has now sworn to protect. While still a member of its political ...
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Egypt top cleric Protests against Morsi permitted
FILE - In this Sunday, Jan. 2, 2011 file photo, Ahmed el-Tayeb the grand sheik of Cairo's Al-Azhar, the pre-eminent theological institute of Sunni Islam, talks to the media in Cairo, Egypt. El-Tayeb said on Wednesday that peaceful protests against the president are permitted, dismissing declarations by Islamist hard-liners that those behind protests planned for June 30 are heretics. (AP ...
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Centamin says appeal hearing adjourned until Sept
LONDON – Gold producer Centamin, involved in a legal dispute to defend its right to mine in Egypt, said that its appeal process hearing was pushed back to the end of September. The company launched an appeal last year against a court ruling questioning its right to operate Sukari, its sole producing mine, wiping away nearly half the value of its shares. Centamin's head of ...
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Egypts Muslim Brotherhood braces for future trouble
CAIRO - For the Muslim Brotherhood, running Egypt has been like crossing a minefield. As President Mohamed Morsi ends his first year in office, fortifications being erected at his group's headquarters suggest a looming war.Behind a reinforced wall and a five-inch thick iron gate, the Brotherhood's Cairo compound bears scars of a divisive year that has triggered frequent protests and ...
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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