Author Archives: Expat Cairo

IMF abandons plan to provide $4.8 billion loan to Egypt

The International Monetary Fund (IMF) does not plan to restart negotiations about a possible $4.8 billion loan to Egypt until the country’s military-backed transitional government gains recognition from the global community. “It’s a case of the international community…its institutions, its … read more

Members of terrorist cell arrested in Sinai

A terrorist cell was discovered on Saturday in al-Mazra’a, south of Arish, an Egyptian security source said, adding that the cell’s operations included following security troops in Sinai and coordinating with gunmen who attack security checkpoints. Members of the cell … read more