Provides the latest RSS feeds for Egypt News. For more headlines on Breaking, National, Business, Finance, Sports and World News, visit our home page Cairo News.net http://www.caironews.net/index.php/cat/d7006824400aaac1/ en-us Fri, 24 May 2013 06:54:18 -0400 Fri, 24 May 2013 06:54:18 -0400 30 kidnapped last week in the Sinai Peninsula . They were released unhurt after marathon negotiations that lasted until dawn Wednesday between a representative of military intelligence, a Salafi sheikh and a representative of the Swarka tribe, one of the largest in the peninsula.No one will guarantee it will be the last kidnapping. The official version is that no deal was struck, and it may be ... http://www.caironews.net/index.php/sid/214733138/scat/d7006824400aaac1 Fri, 24 May 2013 05:08:34 -0400 http://www.caironews.net/index.php/sid/214733138/scat/d7006824400aaac1 Africa needs accelerated growth and "structural transformation" in order to take the bulk of its population out of poverty. Critical to the attainment of this structural transformation is without a doubt the regional integration of the continent's weak, small and disparate economies. Regional integration, it is clear, is indispensible to building the economies of scale and ... http://www.caironews.net/index.php/sid/214732793/scat/d7006824400aaac1 Fri, 24 May 2013 03:41:10 -0400 http://www.caironews.net/index.php/sid/214732793/scat/d7006824400aaac1 Egyptian comedian actor Hani Ramzi has bid the cast of his nightly talk show "Al Layla Ma Hani" (Tonight with Hani) farewell. The show that airs on MBC Egypt featured a special grand finale in which Hani warmly thanked everyone that works on the program and helped make it a great success for the past six months.According to the Middle East news portal Elaph, Hani hosted 99 episodes for ... http://www.caironews.net/index.php/sid/214732290/scat/d7006824400aaac1 Fri, 24 May 2013 03:18:31 -0400 http://www.caironews.net/index.php/sid/214732290/scat/d7006824400aaac1 (23 mins ago) Ramy Ashour, seeking to become the first Egyptian in nearly 50 years to win the British Open title, scored his 38th successive victory as he hurtled into the quarter-finals in little more than 20 minutes. Ashour overcame Chris Simpson, a qualifier from England, by 11-2, 11-4, 11-9, en route to what he hopes will be the eclipse of another Englishman, Nick Matthew, the defending ... http://www.caironews.net/index.php/sid/214732291/scat/d7006824400aaac1 Fri, 24 May 2013 03:10:14 -0400 http://www.caironews.net/index.php/sid/214732291/scat/d7006824400aaac1 Almost three years after an uprising fuelled bythe old regime's venality, Egypt's cash-strapped Islamist government is makingamends with businessmen who offer to pay their way back into the ... http://www.caironews.net/index.php/sid/214731647/scat/d7006824400aaac1 Fri, 24 May 2013 02:29:01 -0400 http://www.caironews.net/index.php/sid/214731647/scat/d7006824400aaac1 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 ... http://www.caironews.net/index.php/sid/214731277/scat/d7006824400aaac1 Fri, 24 May 2013 01:06:38 -0400 http://www.caironews.net/index.php/sid/214731277/scat/d7006824400aaac1 While tourist numbers to Egypt have risen in the first four months this year, a full recovery would not be likely until at least 2014, according to economist forecasts. The number of travellers visiting Egypt in the first four months of 2013 rose 11.8 percent from a year earlier, after falling by a third in the year after the uprising revolt, Reuters reported. Tourism revenue rose 16.2 ... http://www.caironews.net/index.php/sid/214729090/scat/d7006824400aaac1 Thu, 23 May 2013 22:02:03 -0400 http://www.caironews.net/index.php/sid/214729090/scat/d7006824400aaac1 Egyptian-American Pastor Michael Youssef, president of Leading the Way global radio ministry, will be preaching at a massive three-day event in the world's largest Muslim country, Indonesia, ... http://www.caironews.net/index.php/sid/214726110/scat/d7006824400aaac1 Thu, 23 May 2013 18:21:33 -0400 http://www.caironews.net/index.php/sid/214726110/scat/d7006824400aaac1 Dr. Mohamed ElBaradei, head of the Constitution Party, explained that contempt of religion and insulting the president are charges found only in authoritarian ... http://www.caironews.net/index.php/sid/214726142/scat/d7006824400aaac1 Thu, 23 May 2013 18:21:32 -0400 http://www.caironews.net/index.php/sid/214726142/scat/d7006824400aaac1 The following article was written by Michael (not his real name). He is a Christian leader in Egypt, which is ranked No. 25 on the Open Doors 2013 World Watch List of the worst persecutors in the ... http://www.caironews.net/index.php/sid/214723102/scat/d7006824400aaac1 Thu, 23 May 2013 16:10:08 -0400 http://www.caironews.net/index.php/sid/214723102/scat/d7006824400aaac1 In this photo taken Sunday, May 12, 2013, Egyptians walk by the medieval fortress wall in the historic Fatimid Cairo, Egypt. Cairo, the Arab world's most populated city, is often referred to as an open-air museum of Islamic antiquities and the city of 1,000 minarets. But its rich history and contributions to Islamic art has languished. (AP Photo/Nasser ... http://www.caironews.net/index.php/sid/214723103/scat/d7006824400aaac1 Thu, 23 May 2013 15:51:09 -0400 http://www.caironews.net/index.php/sid/214723103/scat/d7006824400aaac1 ) reported consolidated financial results posting a net loss of LE 1,362,863 for the period from 01/01/2013 till 31/03/2013. Noting that, it posted net profits of LE 4,301,493 for the comparable ... http://www.caironews.net/index.php/sid/214721747/scat/d7006824400aaac1 Thu, 23 May 2013 14:47:34 -0400 http://www.caironews.net/index.php/sid/214721747/scat/d7006824400aaac1 For the African Development Bank's Energy, Environment and Climate Change Department, transforming Africa means powering a climate-smart and greener continent. It entails supporting transformative infrastructure projects to increase energy access backed by both large-scale and off-grid solutions, promoting sustainable use of natural resources, supporting climate-resilience with concessional ... http://www.caironews.net/index.php/sid/214721750/scat/d7006824400aaac1 Thu, 23 May 2013 14:17:30 -0400 http://www.caironews.net/index.php/sid/214721750/scat/d7006824400aaac1 Many African nations are booming, and despite high population growth, the proportion of people living in extreme poverty has declined by 16% over the last decade. As African governments accelerate efforts to transform their economies and boost growth, there are growing demands to ensure that growth is equitable and benefits all African citizens. Against this backdrop, the Millennium Development ... http://www.caironews.net/index.php/sid/214721749/scat/d7006824400aaac1 Thu, 23 May 2013 14:17:30 -0400 http://www.caironews.net/index.php/sid/214721749/scat/d7006824400aaac1 The African Development Bank and the Government of Malawi (GoM) signed two grants amounting to UA 6 million (about US $9 million) on May 23, for budgetary support and a Hydroelectric Power Plant Feasibility Study. The US $6 million additional Crisis Response Budgetary Support follows the initial US $39 million provided in July 2012 to support Malawi's reforms aimed at restoring ... http://www.caironews.net/index.php/sid/214721748/scat/d7006824400aaac1 Thu, 23 May 2013 14:17:30 -0400 http://www.caironews.net/index.php/sid/214721748/scat/d7006824400aaac1 Special to WorldTribune.com CAIRO -- Egypt has employed negotiations and heavy military pressure to defuse an insurgency crisis in the Sinai Peninsula. The regime of President Mohammed Morsi has won the release of seven Egyptian soldiers and security officers held in Sinai. Officials said Bedouin gunmen released the seven unharmed on May 22 in a move that halted a major counter-insurgency ... http://www.caironews.net/index.php/sid/214719946/scat/d7006824400aaac1 Thu, 23 May 2013 13:50:52 -0400 http://www.caironews.net/index.php/sid/214719946/scat/d7006824400aaac1 - Qemmah, a subsidiary of Summit Holding, specialized in providing and implementing Oracle E-Business Suite applications and Customer Resource Management (CRM) solutions has been contracted by Rooya Group, a real estate and construction company operating in Egypt, to install an Oracle E-Business Suite application to run Rooya's finance, supply chain and project management and costing in a ... http://www.caironews.net/index.php/sid/214720126/scat/d7006824400aaac1 Thu, 23 May 2013 13:30:05 -0400 http://www.caironews.net/index.php/sid/214720126/scat/d7006824400aaac1 Cairo, May 23 (Prensa Latina) The explosion of an all terrain vehicle parked in the Egyptian city of Rafah killed one person, reported the ... http://www.caironews.net/index.php/sid/214718568/scat/d7006824400aaac1 Thu, 23 May 2013 12:28:58 -0400 http://www.caironews.net/index.php/sid/214718568/scat/d7006824400aaac1 ) has reported 1Q2013 net income before minorities of only LE 6 million, significantly below our LE 34 million forecast. Hermes added that, We view the results negatively, given the weak deliveries that have driven the earnings disappointment. The company delivered only 37 units worth EGP115.8 million in its flagship project Allegria, much lower than our expectation. We believe that our ... http://www.caironews.net/index.php/sid/214718569/scat/d7006824400aaac1 Thu, 23 May 2013 12:13:23 -0400 http://www.caironews.net/index.php/sid/214718569/scat/d7006824400aaac1 By Abhinav Ramnarayan Thu May 23, 2013 11:58am EDT LONDON, May 23 (IFR) - Egypt aims to issue a sukuk to international and domestic markets at the beginning of 2014, the country said in its new USD12bn euro medium term note programme. The Arab nation, rated Caa1/CCC+/B, wants to use Islamic bonds as a diversification tool to broaden the investor base and has been "targeting financing ... http://www.caironews.net/index.php/sid/214719950/scat/d7006824400aaac1 Thu, 23 May 2013 11:58:05 -0400 http://www.caironews.net/index.php/sid/214719950/scat/d7006824400aaac1 ) has announced an update regarding the current legal status of extending the development schedule for SODIC West: New Urban Communities Authority's (NUCA) Board of Directors has formally approved an extension for SODIC's "SODIC West" development schedule to compensate for the delays in issuing necessary approvals. In that respect SODIC has received an official letter from ... http://www.caironews.net/index.php/sid/214716948/scat/d7006824400aaac1 Thu, 23 May 2013 11:00:14 -0400 http://www.caironews.net/index.php/sid/214716948/scat/d7006824400aaac1 QUESTION: On Libya, did the FBI complete its investigation in the attack on the consulate in Benghazi? Because there is a report today saying that the White House have enough proof about five suspects in Libya, and they are monitoring them. MR. VENTRELL: What I - again, I have to refer you to the FBI for the status of their investigation, but just to emphasize that there's no one more than ... http://www.caironews.net/index.php/sid/214716949/scat/d7006824400aaac1 Thu, 23 May 2013 10:42:52 -0400 http://www.caironews.net/index.php/sid/214716949/scat/d7006824400aaac1 An Alexandria prosecutor has ordered that four suspected jihadists, who were arrested on the desert road on Wednesday, be detained for four days pending an investigation. A security source said that an ambush had found the four men suspicious and when it searched their vehicle, it found weapons, including a machinegun, bullets, and hand grenades. Preliminary investigations revealed that the ... http://www.caironews.net/index.php/sid/214716950/scat/d7006824400aaac1 Thu, 23 May 2013 10:33:11 -0400 http://www.caironews.net/index.php/sid/214716950/scat/d7006824400aaac1 Environmental pollutants are responsible for 23 percent of diseases worldwide, a new World Health Organization (WHO) report showed. Resolving the problems caused by these pollutants may save the lives of six million women annually, the report indicated. Breast cancer kills 19 percent of women annually, said director of WHO's Public Health and Environment Maria Neira. Breast cancer is more ... http://www.caironews.net/index.php/sid/214716951/scat/d7006824400aaac1 Thu, 23 May 2013 10:33:11 -0400 http://www.caironews.net/index.php/sid/214716951/scat/d7006824400aaac1 EFG Hermes, the leading investment bank in the Arab world, released today its consolidated financial results for the first quarter of 2013, reporting net income after taxes and before minority interest of EGP98m on total consolidated operating revenues of ... http://www.caironews.net/index.php/sid/214715438/scat/d7006824400aaac1 Thu, 23 May 2013 09:50:28 -0400 http://www.caironews.net/index.php/sid/214715438/scat/d7006824400aaac1 ) BOD approved to extend contract of selling and buying petroleum with Egyptian General Petroleum Corporation for three years ending in 30/06/2015 with the same ... http://www.caironews.net/index.php/sid/214715439/scat/d7006824400aaac1 Thu, 23 May 2013 09:47:18 -0400 http://www.caironews.net/index.php/sid/214715439/scat/d7006824400aaac1 View Photo Reuters/Reuters - A motorcyclist carries fuel containers after filling them up from a petrol station as he passes other motorists in queue in Toukh, El-Kalubia governorate, about 25 km (16 miles) ... http://www.caironews.net/index.php/sid/214715440/scat/d7006824400aaac1 Thu, 23 May 2013 09:43:56 -0400 http://www.caironews.net/index.php/sid/214715440/scat/d7006824400aaac1 WEF: Egypt 'one of the most dangerous places on earth' Country's millions of tourism workers hit hard by poor business following political unrest "Bikinis are welcome in Egypt and booze is still being served," says tourism minister Tourist arrivals plummeted in 2011, but began picking up late last ... http://www.caironews.net/index.php/sid/214715441/scat/d7006824400aaac1 Thu, 23 May 2013 09:43:55 -0400 http://www.caironews.net/index.php/sid/214715441/scat/d7006824400aaac1 CAIRO [MENL] -- Egypt has employed negotiations and heavy military pressureto defuse an insurgency crisis in the Sinai Peninsula. The regime of President Mohammed Morsi has won the release of sevenEgyptian soldiers and security officers held in Sinai. Officials saidBedouin gunmen released the seven unharmed on May 22 in a move that halted amajor counter-insurgency ... http://www.caironews.net/index.php/sid/214715256/scat/d7006824400aaac1 Thu, 23 May 2013 09:27:00 -0400 http://www.caironews.net/index.php/sid/214715256/scat/d7006824400aaac1 The Egyptian government said on Wednesday it would supply more gas and diesel to power stations to deal with electricity shortages that have worsened in recent months after the cash-strapped country failed to import enough ... http://www.caironews.net/index.php/sid/214713762/scat/d7006824400aaac1 Thu, 23 May 2013 08:38:13 -0400 http://www.caironews.net/index.php/sid/214713762/scat/d7006824400aaac1 In a first-of-its-kind transaction in post-revolution Egypt, Crowell & Moring's Cairo office has advised the Abu Dhabi Islamic Bank-Egypt in connection with a landmark Islamic Finance facility extended to Maridive and Oil Services ... http://www.caironews.net/index.php/sid/214714044/scat/d7006824400aaac1 Thu, 23 May 2013 08:38:12 -0400 http://www.caironews.net/index.php/sid/214714044/scat/d7006824400aaac1 ) announced that Genoa Tourism Investment gained verdict against Tropi 2 Touristic Development, Amer's affiliate, that the later will pay LE 77.877.000 in addition to arbitration fees. Amer added, in a release to EGX that, it is conducting the legal procedures to annul this ... http://www.caironews.net/index.php/sid/214714045/scat/d7006824400aaac1 Thu, 23 May 2013 08:35:13 -0400 http://www.caironews.net/index.php/sid/214714045/scat/d7006824400aaac1 A Cairo court on Wednesday acquitted seven policemen of charges of killing protesters outside a police station on a day dubbed "Friday of Rage", during the uprising that toppled former President Hosni Mubarak. The public prosecution had referred the defendants to a criminal court on charges of killing one protester and attempting to kill 11 others, during the uprising. The ... http://www.caironews.net/index.php/sid/214714047/scat/d7006824400aaac1 Thu, 23 May 2013 08:09:09 -0400 http://www.caironews.net/index.php/sid/214714047/scat/d7006824400aaac1 Seven released Egyptian security officers, who were kidnapped by Islamist militants in Sinai on Thursday, arrived to Almaza Cairo Airport on Wednesday after being released, reported the state-owned news channel. President Mohamed Mursi, Prime Minister Hisham Kandil and Defence Minister Abdel Fattah Sisi received the released security personnel at the airport. The authorities will hold a press ... http://www.caironews.net/index.php/sid/214714046/scat/d7006824400aaac1 Thu, 23 May 2013 08:09:09 -0400 http://www.caironews.net/index.php/sid/214714046/scat/d7006824400aaac1 The Board of Directors of the African Development Bank (AfDB) approved on Tuesday, May 22 a USD 20 million Trade Finance Line of Credit for UT Bank Ghana (UT Bank) to support the trade finance activities of Small and Medium Enterprises (SMEs) and local corporates in Ghana. As the Ghanaian economy continues to grow and diversify, there is increasing need to address critical market demand for ... http://www.caironews.net/index.php/sid/214714048/scat/d7006824400aaac1 Thu, 23 May 2013 08:09:08 -0400 http://www.caironews.net/index.php/sid/214714048/scat/d7006824400aaac1 Surprising as it may seem, the Egyptian pound has got some fans. The currency has languished for months at record lows against the dollar and the headlines arealarming the lack of an IMF aid programme, meagre hard currency reserves, political upheaval. So what's to like ? Analysts at Societe Generale say thatjust looking at the spot exchangerate of the pound is missing the bigger picture. ... http://www.caironews.net/index.php/sid/214713896/scat/d7006824400aaac1 Thu, 23 May 2013 07:53:02 -0400 http://www.caironews.net/index.php/sid/214713896/scat/d7006824400aaac1 It did not say how much currency it actually sold Egypt's central bank kept the price of the country's currency steady against the dollar at a special $800 million foreign exchange auction on Wednesday, called to help importers pay for wheat, meat, cooking oil and other essential imports.It did not say how much currency it actually sold.Egypt has used up its foreign currency reserves, ... http://www.caironews.net/index.php/sid/214712577/scat/d7006824400aaac1 Thu, 23 May 2013 07:28:02 -0400 http://www.caironews.net/index.php/sid/214712577/scat/d7006824400aaac1 Egyptian President Mohamed Mursi urged everyone who has weapons in the Sinai Peninsula to hand them over on Wednesday, saying that only the authorities should be armed. He said, "Only the armed forces and the interior ministry should have weapons as stipulated by law." Mursi held a press conference today at Almaza Cairo Airport shortly after receiving the released security personnel ... http://www.caironews.net/index.php/sid/214712734/scat/d7006824400aaac1 Thu, 23 May 2013 06:57:01 -0400 http://www.caironews.net/index.php/sid/214712734/scat/d7006824400aaac1 Abuja - Nigeria - ECOWAS and the international community have made irreversible progress in Mali by freeing the north of the country from the grip of terrorists and securing its territorial integrity, the President of the ECOWAS Commission, His Excellency Kadre Desire Ouedraogo has affirmed. Speaking at an interactive session between management and staff of the Commission in Abuja on Friday 10th ... http://www.caironews.net/index.php/sid/214712736/scat/d7006824400aaac1 Thu, 23 May 2013 06:57:00 -0400 http://www.caironews.net/index.php/sid/214712736/scat/d7006824400aaac1 Abuja - Nigeria - The President of the ECOWAS Commission, His Excellency Kadre Desire Ouedraogo has sent a condolence message to Nigeria's President Dr. Goodluck Ebele Jonathan over the death of two Nigerian Air Force fighter-jet pilots who died while providing support to the African-led International Support Mission in Mali (AFISMA). "The death of the gallant officers is no doubt a ... http://www.caironews.net/index.php/sid/214712735/scat/d7006824400aaac1 Thu, 23 May 2013 06:56:59 -0400 http://www.caironews.net/index.php/sid/214712735/scat/d7006824400aaac1 UNHCR deliver aid to Syrian refugees in Misrata, Libya MISRATA, 23 May 2013 (IRIN) - Two years ago Syrians in the relative security of their own country watched the unfolding crisis in Libya descend into a devastating civil war. Since then the tables have turned, and many of those same families find themselves in Libya after fleeing the Syrian conflict, which has left an estimated 6.8 million ... http://www.caironews.net/index.php/sid/214711519/scat/d7006824400aaac1 Thu, 23 May 2013 06:23:43 -0400 http://www.caironews.net/index.php/sid/214711519/scat/d7006824400aaac1 ) from LE 2.463.292.315 to LE 2.433.367.315, through executing 6.025.000 treasury stocks. Noting that, the company's issued capital after reduction process will be LE 2.433.367.315, distributed over 486.673.463 shares at a nominal value of LE 5 per share (representing the 7th issue). 2- Shares will be available for trading effective on Sunday 26/05/2013 trading ... http://www.caironews.net/index.php/sid/214711520/scat/d7006824400aaac1 Thu, 23 May 2013 06:14:05 -0400 http://www.caironews.net/index.php/sid/214711520/scat/d7006824400aaac1 Abidjan - Cote d'Ivoire - Cote d'Ivoire's Minister in Charge of Defence in the Office of the President, Mr. Paul Koffi Koffi Has Urged Regional Chiefs of Defence Staff to Make Recommendations for the Seamless Transformation of the African-Led International Support Force in Mali (afisma) Into a UN Mission By July 2013 in Line With the UN Security Council Resolution 2100 of 25th ... http://www.caironews.net/index.php/sid/214711521/scat/d7006824400aaac1 Thu, 23 May 2013 05:47:57 -0400 http://www.caironews.net/index.php/sid/214711521/scat/d7006824400aaac1 - The U.S. Government, in collaboration with the Egyptian Industrial Development Authority, the Egyptian National Cleaner Production Center, and the World Environment Center, has launched a pilot project that helps small and medium-sized food processing firms to conserve energy resources and increase their use of cleaner forms of energy while improving the sustainability and competitiveness of ... http://www.caironews.net/index.php/sid/214710589/scat/d7006824400aaac1 Thu, 23 May 2013 05:06:08 -0400 http://www.caironews.net/index.php/sid/214710589/scat/d7006824400aaac1 FILE - In this Wednesday, April 28, 2010 file photo, relatives of the 26 suspected Hezbollah members, accused of plotting attacks on tourists and shipping in the Suez Canal and sending operatives and explosives to Gaza to help militant groups there, waves to prison vehicles carrying them outside Emergency State Security Court in New Cairo, Egypt. It was one of the most perplexing events of ... http://www.caironews.net/index.php/sid/214709324/scat/d7006824400aaac1 Thu, 23 May 2013 03:43:06 -0400 http://www.caironews.net/index.php/sid/214709324/scat/d7006824400aaac1 CAIRO -- It was one of the most perplexing events of Egypt's revolution: orchestrated attacks on prisons around the country that broke out more than 20,000 inmates while police were tied down with the massive popular protests that swept autocrat Hosni Mubarak from power.The prison breaks added to the chaos during the 18-day uprising in 2011, and the flood of criminals onto the streets ... http://www.caironews.net/index.php/sid/214708322/scat/d7006824400aaac1 Thu, 23 May 2013 02:57:02 -0400 http://www.caironews.net/index.php/sid/214708322/scat/d7006824400aaac1 SODIC (Sixth of October Development &Investment Company) has released its consolidated financial results for the first quarter ending 31st of March ... http://www.caironews.net/index.php/sid/214708416/scat/d7006824400aaac1 Thu, 23 May 2013 02:48:07 -0400 http://www.caironews.net/index.php/sid/214708416/scat/d7006824400aaac1 Egyptian President Mohamed Morsi appealed Wednesday to the opposition for unity, in the face of criticism he is failing the revolution that brought him to power almost a year ... http://www.caironews.net/index.php/sid/214706309/scat/d7006824400aaac1 Thu, 23 May 2013 00:31:46 -0400 http://www.caironews.net/index.php/sid/214706309/scat/d7006824400aaac1