(Aswat Masriya) – Egypt has extended its decision to stop accepting applications for private tourism companies for the coming year because “there is no need for them at this time,” tourism minister Hisham Zazou announced on Tuesday. The minister had … read more
By Aswat Masriya CAIRO, Mar 2 (Aswat Masriya) – Egypt will double its natural gas production by the second quarter of 2017 as a result of 2015’s discoveries, Prime Minster Sherif Ismail said on Tuesday. In August 2015, Italian oil … read more
(Aswat Masriya) – Egypt’s debts have reached EGP 2.3 trillion (around $293 billion), Prime Minister Sherif Ismail said on Monday. Meanwhile, the state’s general budget does not exceed EGP 864 billion, the prime minister said during a meeting with lawmakers, … read more
Aswat Masriya The leader of the April 6 Youth Movement, Amr Ali was sentenced to three years in prison by an Egyptian court on Monday. Ali, who served as the group’s general coordinator, was also fined LE500 after being convicted … read more
“Do not listen to anyone else but me,” Egyptian President Abdel Fattah al-Sisi said on Wednesday in a ceremony held in Cairo for the launch of the country’s sustainable development strategy, Egypt’s Vision 2030. He raised his voice as he … read more
Egypt launched a new scheme on Monday to encourage millions of Egyptians living abroad to pour their dollar savings into special certificates, as it tries to ease an acute shortage of foreign currency that has hit the economy. The dollar-denominated … read more
Egypt Independent A French excavation team tasked with excavating Tutankhamen’s tomb discovered a secret chamber near the tomb full of “treasure”, as described by Tourism Minister Hesham Zaazou during his interview with the French newspaper Le Figaro. He said full … read more
The low price of oil is allowing cargo vessels to avoid the costly tariffs of the Suez and Panama canals and take the long way round Africa instead, according to a new report. The report released this month by maritime … read more
Chairman of Orascom Development Holding Egyptian and businessman Samih Sawiris told Daily News Egypt that floating the Egyptian pound is essential to reveal its real value, attract investments, and reduce unemployment. During the Africa 2016 Forum in Sharm El-Sheikh, Sawiris … read more
The Administrative Prosecution (AP) referred eight employees from the Egyptian Museum to trial over the “shocking” handling of the famous gold mask of King Tutankamun. The suspects are accused of unrefined restoration of the mask and negligence of the artifact. … read more