The International Monetary Fund (IMF) forecast a growth of 4 percent in Egypt’s Gross Domestic Product (GDP) in 2015, compared to 2.2 percent in 2014, which will continue to grow gradually to 4.3 percent in 2016. On the sidelines of … read more
Egypt has signed preliminary deals with Kuwait’s Alghanim International for two energy-related projects worth a total of $1.6 billion, its prime minister said in a statement on Wednesday. One initiative would see four gas-powered plants converted to operate on combined cycle, while the other … read more
A powercut at a key media compound near Cairo on Tuesday, caused by bombings at two nearby electricity pylons, caused an estimated LE1.2 million in losses (approx. $157,000), Egypt’s electricity minister told Al-Ahram Arabic website. Six improvised bombs detonated late … read more
In a scene reminiscent of the burning of literature by renowned German intellectuals in Berlin square during the Nazi era in 1933, the Education Ministry’s Giza department set fire to 75 Islamic books deemed to incite violence. The authors of … read more
Egypt signed a $600 million framework agreement with the China Railway Construction Corporation Limited to renovate railway tracks along the the national railway network, Reuters reported on Monday. In a visit to China in December, Egypt’s President Abdel-Fattah El-Sisi invited Chinese … read more
The occupancy rate of Egypt’s Sharm el-Sheikh resort city reached 75 percent during the current Easter holidays, a South Sinai official told the state agency MENA on Monday. Egypt is celebrating Easter today, two days after the Coptic Feast of … read more
Egypt will import around $3.55 billion worth of liquefied natural gas (LNG) in the 2015-2016 financial year, an official at state-owned Egyptian General Petroleum Corporation (EGPC) said Tuesday. Egypt moved closer to easing its chronic power shortages this month with the arrival of a … read more
Six men sexually harassed a woman Monday by surrounding and trapping her on Qasr Al-Nil bridge, reported the ‘I Saw Harassment’ initiative that is fighting violence and harassment against women. During the incident, it was observed that there was an … read more
Egypt’s top prosecutor tasked the Homeland Security and Criminal Investigation Authority on Tuesday to investigate the explosion of two electric pylons at the Media Production City. The blast, which occurred early Tuesday, resulted in cutting off the transmission of a number … read more
Six people were hospitalised in Egypt’s coastal city Alexandria on Monday, after they ate badly preserved “fesikh”, a traditional dish of pickled tilapia fish, according to the Ahram Arabic news website Fesikh is traditionally eaten on Shem El-Nesim, a millennia-old … read more