Prime Minister and Minister of Housing Mostafa Madbouli witnessed on Tuesday the signing of a $530 million deal to develop Egypt’s health care sector. The deal was signed by Minister of Investment and International Cooperation Sahar Nasr and Najy Benhassine, … read more
Italy’s oil and gas giant Eni on Monday announced a second light oil discovery in the Egyptian Western Desert. The well, some 130 Km north of the oasis of Siwa, is the second one drilled by Eni to explore the … read more
Residents of Maryoteya district in Egypt’s Giza governorate found the bodies of three children wrapped inside plastic bags near an abandoned villa on Tuesday, Al-Ahram Arabic website reported. The incident sparked a state of fear among residents in the district … read more
Egypt denied on Monday media reports that the crash of a Paris-Cairo EgyptAir flight in 2016 was likely caused by a cockpit fire. The Egyptian general prosecution said in a statement that the reports are untrue, stressing that it was … read more
Cairo has been listed as the least expensive city in the Middle East for expatriates, according to the 24th annual Cost of Living Survey released by Mercer, the world’s largest human resources consulting firm. Last year Cairo ranked at the 183rd … read more
Egyptian prosecutors have ordered the country’s top media regulator to be summoned for questioning over his decision to issue a gag order on corruption allegations made against a children’s cancer hospital. In a Saturday statement, the chief public prosecutor said … read more
Egypt’s Meteorological Authority (EMA) said on Sunday that the heat wave experienced in Egypt over the past few days is expected to ease starting Tuesday. Most parts of the country witnessed hot weather on Sunday, with temperatures reaching 40 degrees … read more
An Egyptian court sentenced on Saturday a Lebanese woman to eight years in prison over insulting Egyptians in a video she posted online, and set July 29 as the date for her appeal, state media reported. Mona el-Mazbouh was initially … read more
In an effort to boost his popularity, current President Abdel-Fattah el-Sissi, who was part of the military coup that removed Morsi, has repeatedly promised Egyptians a more stable economy at the cost of political freedoms gained during the January 2011 revolution. Thus … read more
Among Middle East and North Africa (Mena) emerging markets, Egypt is a developing story and Egyptian equities stand to gain from the economic and currency reforms the country has undertaken in recent years, according to regional and global asset managers … read more