The overall market capital of Egypt’s stock market rose by 1.2 percent in the first quarter of 2015 reaching 506.2 billion Egyptian pounds, despite a variance in the performances of the benchmark index and broader indexes, a report said on … read more
Egypt’s “new Suez Canal” is to be inaugurated in August, Egyptian prime minister Ibrahim Mahlab said on Monday at the Common Market for Eastern and Southern Africa (COMESA) summit in Ethiopia’s capital Addis Ababa. The premier invited the summit’s guests … read more
The governor of the Nile Delta governorate of Sharqia under former President Mohamed Morsi was arrested and jailed for 15 days pending investigation over participating in an “illegal and unauthorized protest,” Youm7 reported Monday. According to a statement issued Monday … read more
By Mahmoud Negm With the kickoff of the 18th Common Market for Eastern and Southern Africa (COMESA) heads of state summit on Monday, Aswat Masriya provides facts on the organisation’s history and Egypt’s role in it. Egyptian Prime Minister Ibrahim … read more
Former Chairman of the Egyptian Tourism Federation (ETF) Elhamy El-Zayat believes stopping individual visas for tourists will negatively impact the flow of tourists to Egypt during the current year. El-Zayat added that the decision should be revised, saying: “We were … read more
Egypt’s ministries of finance and petroleum reported a sum of petroleum subsidies worth 44.773 billion Egyptian pounds ($5.9 billion) from the state budget during the first half of the fiscal year 2014/2015. The country’s fuel subsidy bill for the same time … read more
The Egyptian government has predicted the Suez Canal’s GDP share to decline gradually over the next five years, reaching 1.6 percent in FY 2018/2019, compared to the 2 percent targeted during the current fiscal year. The ministry, in a report obtained … read more
Sixteen persons were killed and seven other injured Sunday night in 3 cars crash incident took place at kilometer 85 on the Sohag – Red Sea Desert road, Youm7 reported. The injured were referred to five different hospitals using about … read more
A Cairo appeal court has reduced the sentences of three men convicted of torturing and slaughtering a dog, Al-Ahram Arabic news website reported. The men were arrested in late February days after a graphic video circulated on social media showing … read more
Arab League Secretary General Nabil al-Araby said on Sunday that a call for a meeting of the chiefs of staff of the countries willing to partake in the joint military force will take place within a month. The chiefs of … read more