Egypt’s external debt grew by US $4 billion in March 2013 reaching $38.4 billion compared to $34.4 billion in June 2012, according to a report issued by the Central Bank of Egypt (CBE). The CBE attributed this rise to the … read more
For Egypt’s Muslim Brotherhood, a fierce crackdown has led to a return to its underground existence of the past: avoiding phones and the internet, changing homes and blending in. Ever since security forces forcibly dispersed two Cairo camps of protesters … read more
Egypt’s Syndicate of Journalists expressed its rejection for the disregard which the ten-member committee in charge of making constitutional amendments showed for the suggestions of the syndicate. The syndicate proposed some amendments on journalism and press in the 2012 constitution. … read more
Revolutions don’t mix well with relaxing vacations. Egypt’s ongoing political upheaval is costing the country $400 million a month in tourism revenues, according to estimates from JP Morgan analysts. And the spike in violence that commenced Aug. 14 when the … read more
Notwithstanding its continued security, media and diplomatic offensive against the Muslim Brotherhood, the state — presidency, army and cabinet — is looking at ways to “reduce the level of tension and shorten the expected period of violence that could continue … read more
A police officer was killed and another was injured in Minya’s Malawi district on Monday as unknown gunmen fired gunshots at a military force that was designated to secure the funeral of a solider, security sources said. Reda Abdel Rehim, … read more
The Central Bank of Egypt has announced that commercial banks will return to normal working hours starting Monday – 8:30am to 2:00pm for clients and until 3:00pm for employees. CBE’s announcement coincides with the cairo metro chief’s decision to extend … read more
In a bustling city like Cairo, any deliberate effort to make noise at 9 pm would typically go unnoticed in a city plagued by the nonstop cacophony of car horns and crowded streets. However, since a strictly-enforced night-time curfew was … read more
A seven-storey residential building collapsed on Sunday afternoon in the Sidi Gaber district of Alexandria. This incident is the latest in a series of similar tragedies over the past few years in the Mediterranean city. Dwellers of the building, alerted … read more
The trial of former president Hosni Mubarak resumed in its sixth session on Sunday amid the presence of the defendants, to be postponed until 14 September. Mubarak is accused – alongside his two sons Gamal and Alaa, former minister of … read more