Russia and Egypt might soon exclude the US dollar and use their national currencies in the settlement of accounts in bilateral trade, Russian President Vladimir Putin said in an interview to Egyptian media ahead of his Monday visit to the … read more
Egypt is the 20th country with the most private dollar accounts at the Swiss subsidiary of the HSBC, with up to approximately $3.5 billion in Egyptian client accounts from 1988 to 2007, leaked documents from the bank have shown. The … read more
Egypt‘s urban consumer inflation fell to an annual 9.7 percent in January from 10.1 percent in the previous month, the official statistics agency CAPMAS said on Tuesday. Inflation spiked in Egypt after the government slashed energy subsidies in July of 2014 but … read more
A secondary school student died of bird flu in the Minya governorate on Sunday, thus raising the death toll to seven in Egypt this year. The head of the Minya Security Directorate, Osama Metwally, received a notification from Assiut Fever … read more
Egypt‘s third-largest listed property group, plans about 2.3 billion Egyptian pounds ($301.64 million) in new investments in 2015, it said in a statement on Monday. It said it would deliver 684 new property units this year. Egypt‘s once-booming construction sector … read more
Egypt‘s pound sold at 7.53 per dollar on Monday for the fifth central bank auction in a row and was also steady on the black market. The central bank had let the official exchange rate weaken since Jan. 18 in … read more
The Egyptian Football Association announced the indefinite suspension of all football activity after at least 19 were killed in a deadly encounter involving football fans and security forces on Sunday night. The football association made the announcement in a statement … read more
Russian President Vladimir Putin is to arrive in Cairo on Monday for a two-day visit, Al-Ahram Arabic news website reported. The Russian president will discuss with his Egyptian counterpart bilateral relations between Cairo and Moscow. Both presidents are expected to … read more
Dozens of Zamalek’s fans were killed on Sunday evening as police attempted to disperse large crowds who were making their way through to attend a football game in the Egyptian Premier league, the deadliest football-related incident since the infamous Port … read more
Canada pushed Egypt on Sunday to immediately release Al-Jazeera journalist Mohamed Fahmy, an Egyptian-Canadian who is set to be retried this week while also awaiting deportation. “Canada is deeply concerned with the announcement that a retrial date has been set … read more