(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
Reuters Hungry for dollars after the central bank floated the pound on Thursday, Egyptian banks are offering market rates for the greenback as they try to build their reserves before interbank trading begins in earnest next week. But some bankers … read more
“If the country’s economic conditions do not improve within three to six months at least, we will end up with a revolution of the hungry,” professor of political science Hassan Nafaa told Daily News Egypt in a phone interview. Nafaa … read more
Reuters An Egyptian judge who tried former president Mohamed Mursi in 2015 survived an assassination attempt on Friday when a parked car exploded as his vehicle drove by, the interior ministry said. The explosion targeting Judge Ahmed Aboul Fotouh, who … read more
AFP Fuel prices were to rise dramatically in Egypt on Friday after the central bank floated the currency to address a dollar crunch that has threatened to cause some imports to grind to a halt. The oil ministry announced the … read more