The Central Bank of Egypt (CBE) is scheduled to auction treasury bills worth 5 billion EGP ($718.33 million) Sunday on behalf of the Ministry of Finance, according to inside sources. The treasury bills will be offered in two installments, one … read more
Makro Market Egypt The Macro group started its operations in Egypt in 2009 with the aim of opening 20 branches across the country, with investments exceeding 400 million Euros. However, security conditions cost the company huge losses, according to a … read more
Osama Morsi, son of former President Mohamed Morsi, described the arrest of his brother Abdullah for possessing hashish as a kidnapping. He added on his page on Facebook that his brother was “kidnapped and imprisoned” as a means to “resume … read more
Belgium and Switzerland warned tourists Friday against going to the Egyptian resort of Sharm el-Sheikh after what Brussels called a “serious threat.” Belgian Foreign Minister Didier Reynders gave no details of the threat but the warning follows a bomb attack … read more
Interim President Adly Mansour has issued a presidential decree reconstituting the Supreme Council of the Armed Forces (SCAF) to be headed by the defense minister and not the president for the first time in Egypt’s history, Al-Ahram’s Arabic News website … read more
Former President Mohamed Morsi’s son, Abdullah, was arrested early Saturday, on charges of possession of hashish, during a security ambush in Qalyubia, a security source told Youm7. read more
Tourism in Alexandria stagnated over the last period, especially after the tourist bus explosion in Taba on Sunday Feb. 16, although the city has several famous tourist attractions such as the citadel and Bibliotheca Alexandrina. Mohamed Youssef, head of the … read more
A question mark was raised this week over whether military chief Abdel-Fattah El-Sisi will run in the upcoming presidential elections. An official announcement on his candidacy has been expected to be imminent for weeks, with elections slated for late spring. … read more
German tour operators started bringing clients back from Egypt’s Sharm el-Sheikh Red Sea resort on Thursday after Germany’s Foreign Office advised against travel to the entire Sinai peninsula. The German Foreign Office had on Wednesday recommended that its citizens refrain … read more
A Cairo misdemeanor court has sentenced nearly two dozen Islamist students to three years in jail for illegal demonstrations, judicial sources reported on Thursday. The 21 Al-Azhar University students were found guilty for protesting without a permit, as per a … read more