After four years of political turmoil, Egypt is staking its economic revival on an investment summit in Sharm el-Sheikh it hopes will burnish its image and attract billions of dollars. The gathering, to be attended by global chief executives and officials including … read more
An Islamist preacher from Kuwait called for the demolition of the Giza pyramids and Sphinx “to put an end to idolatry and the worship of such pagan constructions.” “The fact that early Muslims did not destroy the pharaohs’ legacy upon … read more
Egypt’s trade deficit widened to 21.88 billion Egyptian pounds in December 2014, from 17.96 billion pounds a year earlier, the state’s Central Agency for Public Mobilisation and Statistics (CAPMAS) said on Thursday. The rise in the trade deficit is due … read more
Egypt’s ministry of petroleum pumped on Wednesday 43 thousand tonnes of diesel oil nationwide, Petroleum Minister Sherif Ismail said on Thursday, to overcome a fuel crisis which has persisted this week. Ismail said in a statement that the amount of … read more
Telecom Egypt plans to spend more than $400 million this year mainly on building a fibre network in the country after the fixed-line monopoly reported a 31 percent fall in 2014 profits. Chief Executive Mohamed Elnawawy said the company planned capital expenditure of 3.428 … read more
Egypt’s petroleum minister said on Tuesday that his ministry would inject large amounts of petroleum products into the market to tackle a reported diesel and gasoline shortage of several days that has caused long queues outside filling stations. “An emergency … read more
An Egyptian court sentenced the four people accused of involvement in the killing of a domesticated dog to three years of prison with labour on Wednesday. Three of the defendants are in custody, while the dog’s owner, was tried in absentia. They … read more
Population Minister Hala Youssef has announced that 27 percent of children in Egypt suffer from malnutrition due to Egyptian families’ ignorance about reproductive health. Youssef added that the ministry will work on spreading health consciousness with the help of the … read more
Two people were killed in the early hours of Tuesday when an improvised explosive device they were carrying exploded in Fayoum to the southwest of Cairo, security sources said. The sources told Aswat Masriya that the two who were killed … read more
A large explosion went off early Tuesday morning at a Dahshur gas pipeline in the Giza Governorate. The General Directorate for Civil Protection, headed by Major General Magdy Shalaqany, received a tip about the blast, after which six fire trucks … read more