Egypt News Egypt News Rss feed

  • Egypt to sink some $700 million to easy electricity shortages

    The Egyptian government said on Wednesday it would supply more gas and diesel to power stations to deal with electricity shortages that have worsened in recent months after the cash-strapped country failed to import enough ...

  • Crowell and Moring Cairo advises Abu Dhabi Islamic Bank- Egypt on landmark Islamic finance deal

    In a first-of-its-kind transaction in post-revolution Egypt, Crowell & Moring's Cairo office has advised the Abu Dhabi Islamic Bank-Egypt in connection with a landmark Islamic Finance facility extended to Maridive and Oil Services ...

  • A verdict against Amer affiliate to pay LE 77 m says to seek annulment

    ) announced that Genoa Tourism Investment gained verdict against Tropi 2 Touristic Development, Amer's affiliate, that the later will pay LE 77.877.000 in addition to arbitration fees. Amer added, in a release to EGX that, it is conducting the legal procedures to annul this ...

  • Court Acquits Seven Policemen of Killing Protesters

    A Cairo court on Wednesday acquitted seven policemen of charges of killing protesters outside a police station on a day dubbed "Friday of Rage", during the uprising that toppled former President Hosni Mubarak. The public prosecution had referred the defendants to a criminal court on charges of killing one protester and attempting to kill 11 others, during the uprising. The ...

  • Released Soldiers Arrive in Cairo

    Seven released Egyptian security officers, who were kidnapped by Islamist militants in Sinai on Thursday, arrived to Almaza Cairo Airport on Wednesday after being released, reported the state-owned news channel. President Mohamed Mursi, Prime Minister Hisham Kandil and Defence Minister Abdel Fattah Sisi received the released security personnel at the airport. The authorities will hold a press ...

Movie Review

The Incredible Hulk

The Incredible Hulk

Let no potential franchise be wasted! seems to be the mantra of Marvel Studios as it bravely (or foolishly) resurrects the not-so-jolly green giant in The Incredible Hulk. While technically a sequel to Ang Lees much-maligned Hulk (2003), which was too arty and ps ... ...

On Facebook

  • AfDB Approves a Usd 20 Million Trade Finance Line of Credit for Ut Bank Ghana to Support SMEs and Local Corporates

    The Board of Directors of the African Development Bank (AfDB) approved on Tuesday, May 22 a USD 20 million Trade Finance Line of Credit for UT Bank Ghana (UT Bank) to support the trade finance activities of Small and Medium Enterprises (SMEs) and local corporates in Ghana. As the Ghanaian economy continues to grow and diversify, there is increasing need to address critical market demand for ...

  • Paid for the risk Egypts tempting pound

    Surprising as it may seem, the Egyptian pound has got some fans. The currency has languished for months at record lows against the dollar and the headlines arealarming the lack of an IMF aid programme, meagre hard currency reserves, political upheaval. So what's to like ? Analysts at Societe Generale say thatjust looking at the spot exchangerate of the pound is missing the bigger picture. ...

  • Egypt manages through the bottleneck 2nd currency auction succeeds

    It did not say how much currency it actually sold Egypt's central bank kept the price of the country's currency steady against the dollar at a special $800 million foreign exchange auction on Wednesday, called to help importers pay for wheat, meat, cooking oil and other essential imports.It did not say how much currency it actually sold.Egypt has used up its foreign currency reserves, ...

  • Alexandria Spinning Weaving incurs LE 2.8 m loss in 9 months

    ) reported financial results posting a net loss of LE 2,866,770 for the period from 01/07/2012 till 31/03/2013. Noting that, it posted net profits of LE 6,529,222 for the same period of the previous ...

  • Nations Mursi Calls On People of Sinai to Hand Over Weapons

    Egyptian President Mohamed Mursi urged everyone who has weapons in the Sinai Peninsula to hand them over on Wednesday, saying that only the authorities should be armed. He said, "Only the armed forces and the interior ministry should have weapons as stipulated by law." Mursi held a press conference today at Almaza Cairo Airport shortly after receiving the released security personnel ...

More Egypt News