Prime Minister Hisham Qandil has announced that a top-level IMF delegation would visit Egypt on Monday to discuss a long-awaited $4.8 billion loan, adding that the government would take the opportunity to clarify the reasons for Egypt’s request to postpone … read more
Egypt’s pound slid by half a per cent on Sunday at the central bank’s fifth auction of foreign currency, with all $60 million on offer sold to banks at a cut-off price of LE6.4185, the central bank said. Thursday’s cut-off … read more
Security operations in Egypt’s Sinai Peninsula, dubbed ‘Operation Sinai,’ remain ongoing, a military spokesman has announced. said in a statement. Colonel Ahmed Mohamed Ali, official military spokesman for the Egyptian Armed Forces, released the statement on his official Facebook page … read more
Ten Egyptian ministers are decided to be replaced in a partial cabinet reshuffle, including the interior and finance ministers, state news agency MENA reported. The Ministry of Interior will be taken over by General Mohamed Ibrahim, who was an assistant … read more
Egypt’s newly appointed 10 ministers took their oath Sunday before President Mohamed Morsi and are currently in a meeting with the Egyptian leader. Present at the ceremony, which took place in the presidential palace, was Prime Minister Hisham Qandil. Sources … read more
The year 2012 was supposed to witness Egypt’s transition from the revolutionary state back to the stability of elected bodies and sovereign institutions. However, the transition turned out to be longer and more complicated than expected, and the final outcome … read more
Giza Criminal Court acquitted former Culture Minister Farouk Hosni Saturday of embezzlement charges to the tune of LE9 million. “Only weak souls make illicit gains,” Hosni had said from the defendant’s cage, while pleading not guilty during the previous session. … read more
Foreign Minister Mohamed Kamel Amr has praised the current economic relationship between Egypt and Saudi Arabia. At the first meeting of the Egyptian-Saudi Arabian Follow-up Committee for Coordination and Political Consultation in Riyadh, Amr said in the presence of Saudi … read more
Ten Egyptian ministers are decided to be replaced in a partial cabinet reshuffle, including the interior and finance ministers, state news agency MENA reported. The Ministry of Interior will be taken over by General Mohamed Ibrahim, who was an assistant … read more
The secretary of the Salafist El-Nour Party in Alexandria, Tarek Fahim, criticised Friday the newly formed Salafist rival Al-Watan Party, saying it is not based on Islamic Sharia law. Fahim said he expects the new party to exert little influence … read more