The Egyptian pound was flat at a central bank dollar sale on Wednesday but weakened significantly on the black market as Egypt‘s plans to repay a $2.5 billion Qatari deposit raised concerns of a looming dollar shortage, traders said. The bank … read more
A student protest group opposed to the Egyptian government has vowed a surprise during protests planned on Thursday as demonstrations condemning the ouster of former president Mohamed Morsy by the current regime continue at universities across the republic. “The students’ … read more
Police stormed Al-Azhar University on Tuesday afternoon after student protesters torched a faculty member’s car on the Cairo campus, an official from the Islamic university told Al-Ahram’s Arabic news website. The students – described as supporters of ousted president Mohamed … read more
Disney is considering building a theme park in Egypt, its first in the Middle East, state-run news agency MENA reported on Tuesday. “There are discussions going on between Disney International to build in Egypt its first Disney Park in the … read more
The 6 April Youth Movement Democratic Front said the revolution can now only “return to the streets, universities and factories,” in a statement on Tuesday. 6 April released the statement two days ahead of the third anniversary of the Mohamed … read more
An official environmental report issued by the Analysis and Laboratories Department, at the Egyptian Environmental Affairs Agency (EEAA) branch in the Red Sea area said that drinking water in Hurghada city is polluted by the waste water Results of the … read more
Egyptian electricity production generated from solar energy dropped by 48% in 2012/13 compared to the year 2011/12,the Egyptian Center for Public Opinion Research (Baseera) declared on Monday. Baseera reported that solar energy production in Egypt totalled 247m KWh in 2012/13, … read more
Seven civilians and three militants have been killed in fighting in the volatile North Sinai region, an Egyptian security source told Aswat Masriya. A mortar shell on Tuesday struck a house in the village of Negah Shabana south of the … read more
The width of a new military buffer zone established along Sinai’s border with Gaza this month has been increased another 500 metres, making it now span 1 kilometre, in an effort by the Egyptian army to take out tunnels used … read more
Egypt spent 22 billion Egyptian pounds ($3.08 billion) on fuel subsidies in the first quarter of fiscal year 2014-2015, down 29 percent from the same quarter a year ago, an oil ministry official said on Monday. As part of efforts to … read more