The government hopes to earn LE1 billion in revenues by increasing the custom tariffs on certain commodities, Customs Authority head Mohamed al-Salhawy said on Monday. President Mohamed Morsy announced on Sunday a rise in custom duties on luxury consumer goods … read more
Egypt stocks tumbled Tuesday morning as demonstrations have been called for in Cairo to protest the summoning of a number of opposition activists by the country’s top prosecutor. The main EGX30 index declined by 1.45 percent to sit at 5,155 … read more
Protesters will gather at the High Court in Cairo on Tuesday in solidarity with five opposition activists summoned by the prosecutor-general for questioning over their alleged incitement of clashes at the Muslim Brotherhood headquarters on Friday. Police have stepped up … read more
A Muslim man was sentenced to death in Egypt on Monday for killing two people in a dispute with Christians in a southern town, state media said, in a case that underlines sectarian tensions in the country. Incidents of Christian-Muslim … read more
Kidnappers released a Norwegian woman and an Israeli man held in Egypt’s Sinai Peninsula following negotiations mediated by Bedouin leaders between authorities and the group that seized the tourists four days ago, security sources said on Tuesday. The tourists had … read more
President Morsi has issued a decree raising customs tariffs on 100 ‘luxury goods’, including shrimps, caviar and chewing gym. The move comes as the Egyptian government struggles to reduce its balance of payment deficit and raise state revenues to bridge … read more
President Mohamed Morsy threatened Sunday that “whoever sticks his finger inside Egypt, I will cut it off.” “I can see a couple of fingers getting inside by nobodies who have no value in this world, thinking that money can make … read more
President Mohamed Morsi has denounced Friday’s attacks on Muslim Brotherhood offices and called for action against politicians found guilty of inciting the violence. “If investigations prove politicians are guilty [of incitement], the necessary action will be taken against them despite … read more
April 6 Youth Movement has called for an ‘angry day’ of protests against President Mohamed Morsi on 6 April. “This is the time when we say enough is enough President Morsi. You have violated all of your promises and you … read more
Several media figures were reportedly assaulted by Islamist protesters at the Media Production City (MPC) in Sixth October City on Sunday. The protesters had gathered earlier in the day to condemn perceived anti-Islamist bias in the Egyptian media. TV anchor … read more