The Kuwaiti Al Ahli Bank received approval from the Kuwaiti central bank to acquire 98.5 percent of Piraeus Bank’s Egyptian division, it announced on Monday. In a statement to the Kuwaiti stock exchange, Al Ahli Bank said it is still waiting on … read more
A man died on Sunday when an improvised explosive device he was assembling blew up accidentally in a residential area in Shibin al-Kom, Monufiya. Bomb squads arrived at the scene of the burning flat and found the suspect dead inside. … read more
The press syndicate has said a new anti-terror law Egypt is set to pass will trample on press freedoms and enable authorities to censor media. The draft anti-terrorism legislation imposes a minimum two-year sentence as punishment for “reporting false information … read more
Egyptian authorities on Sunday carried out the death sentence against six people convicted of joining a “terrorist organisation,” a security source has said. “On Sunday morning, the death sentence was carried out against six terrorist elements arrested during a raid … read more
sry Al-Youm The Supreme Judicial Council has tasked Ali Omran, the most senior assistant general prosecutor, to temporarily become General prosecutor, succeeding the late Hesham Barakat who was assassinated last week. Omran is the head of judicial inspection at the … read more
The Egyptian pound weakened to 7.73 against the dollar in a central bank auction on Sunday, dipping by 10 more piasters since Thursday’s drop, state news agency MENA said. The central bank sold 36.5 million dollars at 7.73 pounds per … read more
Nine accused of killing three military cadets in an April bomb attack in Kafr el-Sheikh, north of Cairo,have been arrested, Youm7 reported Saturday. On April 15, a blast targeted a room located in the Kafr el-Sheikh Sports Stadium, in which the students … read more
Reuters Egypt’s debts to foreign oil companies stood at $3.5 billion dollars at the end of June, a 6.1 percent increase from March, an official at state-owned Egyptian General Petroleum Corporation (EGPC) said on Sunday. The country’s payments to oil … read more
An Egyptian criminal court sentenced 23 Muslim Brotherhood members to 10 years of maximum security prison on Sunday for attempting to storm the Egyptian Media Production City (EMPC) in 2013. A judicial source said only 11 of the people convicted … read more
A Giza court on Saturday upheld a six-month prison sentence against Cairo-based Armenian belly dancer Sofinar Gourian, popularly known as Safinaz, for “insulting the Egyptian flag” by wearing its colours as a dancing costume. The court also upheld the LE15,000 … read more