Al-Masry Al-Youm The US dollar exchange rate continued to decline globally and locally on Thursday after Donald Trump was elected new US president. In Egypt, the dollar declined by over 45 piasters on Thursday, compared to Wednesday’s exchange rate at … read more
(Aswat Masriya) – President Abdel Fattah al-Sisi was the first world leader to phone Donald Trump to congratulate him on his electoral win on Wednesday morning, according to a statement by the presidency. In the phone call, Sisi said he … read more
Spokesperson of the Ghalaba Movement (“Movement of the Poor”) Yasser El-Omda denied on Wednesday evening that he called for the delay of the 11/11 protests to 8 December. In a video published on the Ghalaba Movement Facebook page, El-Omda assured … read more
(Aswat Masriya) – Saudi Aramco informed Egypt that it is suspending petroleum product shipments “until further notice,” Hamdy Abdel Aziz, spokesperson for the Ministry of Petroleum, said. Egypt has not received November’s shipments, Abdel Aziz told Aswat Masriya. “Aramco informed … read more
(Aswat Masriya) – Egypt’s Petroleum Minister Tarek El Molla denied on Monday reports about visiting Iran to negotiate a new oil deal after Saudi state-owned Aramco suspended its supply to Egypt. Rumors about negotiations between Egypt and Iran emerged after … read more
With the goal of advertising the ministry’s newly adopted policy towards prisoners, the interior minister’s assistant and head of the Prisons Authority, Hassan El-Sohagy, said that the ministry is currently following a new rehabilitation policy for prisoners. The new policy … read more
Al-Masry Al-Youm President Abdel Fattah al-Sisi held a meeting on Sunday with the Cabinet, the governor of the Central Bank of Egypt, the general intelligence chief and the head of the Administrative Control Authority. The meeting addressed the control authorities’ … read more
Prime Minister Sherif Ismail paved the way for a hike in prices of some products and services, including metro fares, heralded by the decision to float the Egyptian pound. In a press conference Friday, Ismail said economic reforms come at … read more
Vice chairperson of the National Bank of Egypt (NBE) Yehia Aboul Fotouh said that the bank will raise the limit previously imposed on its cards for usage abroad on Sunday. He added that the bank also approved selling $300 to … read more
US Secretary of State John Kerry has commended Egypt for undertaking economic reforms last week, calling them “important steps” to stabilize an economy hit by years of political turmoil. Egypt floated its currency on Thursday and later announced cuts to … read more