The pound inched to its weakest in almost eight years on Wednesday as the government resumed negotiations for a US$4.8 billion loan from the International Monetary Fund. Traders said that by letting the pound slip, the government seemed to be … read more
Informed sources said that the Republican Guard and the Special Forces are dispersing in 16 positions in Assiut to secure President Mohamed Morsy’s visit on Friday, which would last for only a few hours. Military Intelligence surveyed the president’s route, … read more
The application of the government’s decision to close shops at 10 pm has been postponed indefinitely, Local Development Minister Ahmed Zaki Abdeen said Wednesday. Abdeen’s statements are the most recent of a series of statements by Egyptian officials over the … read more
Egypt’s State Security apparatus on Wednesday began questioning suspects accused of planning terrorist attacks in Egypt. Adel Shahtu, a leading member of the Al-Gamaa Al-Jihadiyah group, has been charged by authorities with founding a ‘terrorist cell’ in Cairo’s Nasr City … read more