Egypt
Two new pharaonic cemeteries discovered in Aswan
Archaeology
October 31, 2016
Two new pharaonic cemeteries discovered in Aswan
Two rock-carved cemeteries belonging to the Late Period of ancient Egypt have been discovered close to the shrine of Agha…
Govt, CBE debate timing of state-banks IPO
Egypt
October 31, 2016
Govt, CBE debate timing of state-banks IPO
The Egyptian government and the Central Bank of Egypt are involved in ongoing discussions over the timing of the initial…
Egypt cancels treasury bill auctions signalling more moderate rate hike
Business
October 31, 2016
Egypt cancels treasury bill auctions signalling more moderate rate hike
Egypt cancelled its three and nine month treasury bill auction on Sunday, data from the central bank showed, confounding market…
US dollar hits LE18 on black market as govt mulls official devaluation
Business
October 31, 2016
US dollar hits LE18 on black market as govt mulls official devaluation
The US dollar continued its steep rise on Egypt's black market on Sunday, breaking the LE18 barrier for the first…
Russian flights could resume by year-end, dependent on conditions: Sokolov
Egypt
October 31, 2016
Russian flights could resume by year-end, dependent on conditions: Sokolov
Flights between Egypt and Russia may be resumed before the end of the year, assuming certain conditions are met, Russian…
FEDCOC calls for halt to importation of non-essential goods
Business
October 30, 2016
FEDCOC calls for halt to importation of non-essential goods
The Federation of Egyptian Chambers of Commerce (FEDCOC) has called for a rationalization of imports over the next three months,…
Egypt tourism in limbo a year after Russian plane bombing
Business
October 30, 2016
Egypt tourism in limbo a year after Russian plane bombing
A year after jihadists bombed a Russian plane carrying holidaymakers in Egypt, tourism shows little sign of recovery in the…
Roadside explosion in North Sinai kills senior military officer
Egypt
October 29, 2016
Roadside explosion in North Sinai kills senior military officer
A senior military officer and one soldier were killed on Saturday by a roadside explosion in Egypt's North Sinai where…
Tayeb slams Houthis for allegedly firing missile in the direction of Mecca
Egypt
October 29, 2016
Tayeb slams Houthis for allegedly firing missile in the direction of Mecca
The head of Al-Azhar, the top religious institution in Sunni Islam, slammed Yemen's Houthis on Saturday for allegedly firing a…
Sisi allocates LE100 million to compensate flood victims and improve infrastructure
Egypt
October 29, 2016
Sisi allocates LE100 million to compensate flood victims and improve infrastructure
President Abdel Fattah al-Sisi has ordered the allocation of LE50 million to compensate those harmed by flooding in recent days,…