Egypt’s President Abdel Fattah El-Sisi and Russian President Vladimir Putin have signed an agreement for Russia to construct a nuclear power plant to generate electricity in Egypt, the Ahram Arabic news website reported on Tuesday. The power plant is one … read more
Three separate explosions occurred outside police stations in Egypt’s coastal city of Alexandria on Tuesday, leaving 10 people injured. Alexandria Security Director Amin Ezz el-Din told Aswat Masriya that one Improvised Explosive Device (IED) went off in the vicinity of the … read more
The Democratic Current electoral coalition decided on Monday not to issue a binding decision for its members regarding whether to join or boycott Egypt’s upcoming parliamentary polls, Al-Ahram Arabic news website reported. The alliance, which includes the left-of-centre Constitution Party, … read more
Egypt’s East Cairo Prosecution ordered early Tuesday the detention of 21 individuals arrested in the deadly violence which erupted ahead of a football game on Sunday, leaving 19 killed. The detainees are accused of attacking security personnel, vandalising police cars … read more
Russia and Egypt might soon exclude the US dollar and use their national currencies in the settlement of accounts in bilateral trade, Russian President Vladimir Putin said in an interview to Egyptian media ahead of his Monday visit to the … read more
Egypt is the 20th country with the most private dollar accounts at the Swiss subsidiary of the HSBC, with up to approximately $3.5 billion in Egyptian client accounts from 1988 to 2007, leaked documents from the bank have shown. The … read more
Egypt‘s urban consumer inflation fell to an annual 9.7 percent in January from 10.1 percent in the previous month, the official statistics agency CAPMAS said on Tuesday. Inflation spiked in Egypt after the government slashed energy subsidies in July of 2014 but … read more
A secondary school student died of bird flu in the Minya governorate on Sunday, thus raising the death toll to seven in Egypt this year. The head of the Minya Security Directorate, Osama Metwally, received a notification from Assiut Fever … read more
Egypt‘s third-largest listed property group, plans about 2.3 billion Egyptian pounds ($301.64 million) in new investments in 2015, it said in a statement on Monday. It said it would deliver 684 new property units this year. Egypt‘s once-booming construction sector … read more
Egypt‘s pound sold at 7.53 per dollar on Monday for the fifth central bank auction in a row and was also steady on the black market. The central bank had let the official exchange rate weaken since Jan. 18 in … read more