The International Monetary Fund (IMF) has announced that it will be holding back on negotiations for the $4,8billion loan to Egypt, because the country’s financial situation is worsening. It has decided to only continue with talks when it receives updated … read more
In his ongoing visit to Brazil, Egyptian President Mohamed Morsi on Thursday stressed his country’s desire to cooperate with the leading South American nation in the military and transport sectors, according to a statement issued by the presidency. During a … read more
The International Monetary Fund on Thursday highlighted Egypt’s rising economic challenges and said that loan negotiations under way must reflect the evolving conditions. The IMF is working with the Egyptian authorities to develop a plan to address “growing fiscal imbalances,” … read more
The retrial of Egypt’s ousted president Hosni Mubarak will be aired live on Egyptian television on Saturday following the approval of Judge Mahmoud Kamel El-Rashidi, who is presiding over the trial. Mubarak, who received a life sentence last June for … read more
Public prosecutors in the Upper Egyptian Luxor governorate on Thursday ordered the detention of a Coptic-Christian schoolteacher for four days pending investigation on charges that she had insulted the Islamic faith. Demyana Emad, a 23-year old social studies teacher, was … read more
A homeless Egyptian man has stabbed an American citizen in the neck with a knife near the American Embassy in Garden City district Thursday, according to Al-Ahram Arabic language news website. Families in the neighbourhood helped the embassy’s security personnel … read more
Egypt’s inflation accelerated to 8.1 percent in April, pushed up by rising food prices that are pressuring the government as it seeks to conclude a $4.8 billion International Monetary Fund loan. Consumer prices rose 1.5 percent in April from the … read more
Dozens of people in Sharqiya governorate have attempted to capture and publicly execute a man accused of raping and killing a seven-year-old girl, Al-Ahram Arabic news website reported. Angry locals surrounded a police station in the Kafr Hassan Saleh district … read more
Omaima Kamel, President Mohamed Mursi’s Advisor for Women’s Affairs, said on Wednesday that the statistics of sexual harassment in Egypt have been exaggerated. In a meeting that took place as part of the presidential initiative for “Supporting the Rights and … read more
A Cairo court on Wednesday decided to detain ousted President Hosni Mubarak for 15 more days pending investigations into charges of graft, reported the news channel Al Jazeera. read more