Egypt’s central bank allowed the Egyptian pound to weaken on Thursday to 7.83 per dollar from 7.73, the first official depreciation since July and a move economists say is needed to ease a foreign currency crisis and support dwindling reserves. … read more
Background and significance: Egyptians are scheduled to go to the polls between October and December to elect the first parliament since the ouster of Islamist president Mohamed Morsi. The elections will be the third parliamentary vote since 2010; the first … read more
Egypt won a non-permanent member seat at the United Nations Security Council (UNSC) Thursday for the 2016-2017 term. In the voting session, Egypt secured the votes of 179 of the 193 nations entitled to vote at the UN. Egypt ran for … read more
Hend El-Behary The Egyptian passport has ranked 91st among the most powerful passports in the world in 2015, dropping 12 spots compared to 2014, in which it ranked 79th with access to 47 countries without needing a visa, said a report … read more
For the fifth year in a row, the United States Commission on International Religious Freedom (USCIRF) recommended in its 2015 report that Egypt be designated a “country of particular concern,” or CPC, under the International Religious Freedom Act (IRFA) While the … read more
Two civilians were injured in blasts caused by improvised explosive devices (IEDs) in the Mediterranean coastal city of Alexandria on Tuesday night, the Interior Ministry said. The two injured were passing by when an IED detonated in Alexandria’s Bab Sharq … read more
Gamal and Alaa Mubarak are to be released from prison after a court on Monday ruled that they had completed their three-year sentences on charges of embezzlement in a case known as the “presidential palaces case.” This comes after both … read more
Egypt’s external debt rose from $46.067 billion to $48.062 at the end of the fiscal year 2014/2015 compared to the year before, jumping by 4.3 percent, the Central Bank of Egypt said on Monday. Although the value of the debt … read more
President Abdel Fattah al-Sisi has set a two-year deadline to complete the first phase of Egypt’s new administrative capital project, starting January 2016. Sisi met Sunday with Former Prime Minister Ibrahim Mehleb, Minister of Housing Mostafa Madbouli, Projects Adviser to … read more
The number of Egyptians confirmed killed in the hajj crowd disaster in Saudi Arabia last month has risen to 181, Egypt’s minister of religious endowments told state news agency MENA late on Sunday. Mohamed Mokhtar Gomaa also told MENA that … read more