Egypt’s Interior Ministry on Thursday announced its first arrests in connection with a series of attacks on businesses and utilities over the past several months. New and little-known groups with names like the Popular Resistance Movement and Revolutionary Punishment that … read more
Egyptian tobacco firms expect to generate LE150 million in extra sales during the upcoming parliamentary election campaign, an industry insider has said. Parliamentary candidates traditionally provide drinks, cigarettes and sheesha to people who attend election rallies and speeches, according to … read more
Four electricity pylons collapsed following several blasts in Egypt’s al-Sharqiya governorate, north-east of Cairo, the state owned MENA news agency reported Thursday. No casualties were reported, but power outages hit some areas supplied by these units. Unknown assailants planted improvised … read more
A number of explosions took place in different governorates overnight and during the early hours of Thursday. A bomb went off in the Manial district outside the headquarters of cell phone operator Mobinil Thursday causing damage to the company’s façade … read more
British Petroleum (BP) has announced a “significant discovery” from what they believe is the deepest well ever drilled in Egypt. The announcement comes just days before BP’s CEO Bob Dudley is due to take part in the Economic Summit. Deepwater … read more
Egypt hosts a foreign investor conference Friday it hopes will jump-start its battered economy while showcasing international support for President Abdel Fattah al-Sisi as he battles increasingly radical Islamist opponents. Sisi, a former army chief voted into office after toppling … read more
After four years of political turmoil, Egypt is staking its economic revival on an investment summit in Sharm el-Sheikh it hopes will burnish its image and attract billions of dollars. The gathering, to be attended by global chief executives and officials including … read more
An Islamist preacher from Kuwait called for the demolition of the Giza pyramids and Sphinx “to put an end to idolatry and the worship of such pagan constructions.” “The fact that early Muslims did not destroy the pharaohs’ legacy upon … read more
Egypt’s trade deficit widened to 21.88 billion Egyptian pounds in December 2014, from 17.96 billion pounds a year earlier, the state’s Central Agency for Public Mobilisation and Statistics (CAPMAS) said on Thursday. The rise in the trade deficit is due … read more
Egypt’s ministry of petroleum pumped on Wednesday 43 thousand tonnes of diesel oil nationwide, Petroleum Minister Sherif Ismail said on Thursday, to overcome a fuel crisis which has persisted this week. Ismail said in a statement that the amount of … read more