The European Bank for Reconstruction and Development is granting Egypt a loan worth 1.25 billion euros next year, said an official source at the Council of Ministers. He added that the bank seeks to provide Egypt with a billion euro … read more
The pound inched to its weakest in almost eight years on Wednesday as the government resumed negotiations for a US$4.8 billion loan from the International Monetary Fund. Traders said that by letting the pound slip, the government seemed to be … read more
Informed sources said that the Republican Guard and the Special Forces are dispersing in 16 positions in Assiut to secure President Mohamed Morsy’s visit on Friday, which would last for only a few hours. Military Intelligence surveyed the president’s route, … read more
The application of the government’s decision to close shops at 10 pm has been postponed indefinitely, Local Development Minister Ahmed Zaki Abdeen said Wednesday. Abdeen’s statements are the most recent of a series of statements by Egyptian officials over the … read more
Egypt’s State Security apparatus on Wednesday began questioning suspects accused of planning terrorist attacks in Egypt. Adel Shahtu, a leading member of the Al-Gamaa Al-Jihadiyah group, has been charged by authorities with founding a ‘terrorist cell’ in Cairo’s Nasr City … read more
The Ministry of Electricity and Energy said on Wednesday that it is moving forward with plans to build a steam-electric power station in Suez. The station is expected to be operational in late 2015. Electricity Minister Saad Mahmoud Balbaa said … read more
Local Development Minister Ahmed Zaki Abdeen told Al-Masry Al-Youm on Tuesday that a government order to close stores by 10 pm and restaurants and cafes by midnight would be implemented beginning Thursday in all governorates. The decision is final and … read more
A Cairo administrative court on Tuesday threw out a lawsuit calling for the abrogation of the peace treaty between Egypt and Israel on grounds that the issue constituted a ‘matter of sovereignty’ that could only be decided by the president … read more
Several Islamist political groups, including Al-Gamaa Al-Islamiya, the Freedom and Justice Party and Al-Dawa Al-Salafiya have announced that they will form a coalition of political parties and Islamic forces to ensure that Egypt’s new constitution is shaped in accordance with … read more
In a small cell in Torah prison with barely any light, 27-year-old Alber Saber, accompanied by cockroaches, is awaiting his trial, scheduled for 14 November, says his lawyer, Ahmed Ezzat, describing his defendant’s prison conditions as “inhumane.” Saber, an Egyptian … read more