Provides the latest RSS feeds for Egypt News. For more headlines on Breaking, National, Business, Finance, Sports and World News, visit our home page Africa Leader.com http://www.africaleader.com/index.php/cat/d7006824400aaac1/ en-us Wed, 22 May 2013 19:15:05 -0400 Wed, 22 May 2013 19:15:05 -0400 30 This image made from video broadcast on Egyptian State Television shows members of the Egyptian security forces after their release by kidnappers, in Cairo, Egypt, Wednesday, May 22, 2013. Six Egyptian policemen and a border guard kidnapped by suspected militants in the volatile Sinai Peninsula last week were freed by their captors Wednesday after successful mediation, the country's military ... http://www.africaleader.com/index.php/sid/214699230/scat/d7006824400aaac1 Wed, 22 May 2013 17:47:35 -0400 http://www.africaleader.com/index.php/sid/214699230/scat/d7006824400aaac1 CAIRO - Seven soldiers kidnapped last week by suspected Islamist militants in the restive Sinai were freed after a six-hour negotiation between local tribesmen and the kidnappers, the Egyptian government announcement Wednesday. The soldiers, who’d been held since Thursday, were taken to an air force base in Cairo, where they were greeted by Egyptian President Mohammed Morsi, who kissed ... http://www.africaleader.com/index.php/sid/214699390/scat/d7006824400aaac1 Wed, 22 May 2013 17:43:28 -0400 http://www.africaleader.com/index.php/sid/214699390/scat/d7006824400aaac1 CAIRO: 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 fuel. The government has set aside $200 million to finance the additional petroleum products and is in the process of approving an additional $525 million, the cabinet ... http://www.africaleader.com/index.php/sid/214699147/scat/d7006824400aaac1 Wed, 22 May 2013 17:37:54 -0400 http://www.africaleader.com/index.php/sid/214699147/scat/d7006824400aaac1 CAIRO--Egypt's president signed a new tax law Tuesday that cuts the amount paid by poorer Egyptians in the latest move aimed at reforming the country's ... http://www.africaleader.com/index.php/sid/214696430/scat/d7006824400aaac1 Wed, 22 May 2013 15:14:50 -0400 http://www.africaleader.com/index.php/sid/214696430/scat/d7006824400aaac1 Abu Dhabi, 22 May 2013 (WAM) - Seven of the Egyptian citizens detained in the UAE over a case related to security today met their family members who live in the UAE, Egyptian Ambassador Tamer Mansour said. Mansour said the families of other detainees were in Egypt. He praised the step taken by the UAE which, he said, has a great respect for Egypt and its people. "This step was possible ... http://www.africaleader.com/index.php/sid/214696594/scat/d7006824400aaac1 Wed, 22 May 2013 14:45:23 -0400 http://www.africaleader.com/index.php/sid/214696594/scat/d7006824400aaac1 Egyptian police who were seized in Sinai by kidnappers are seen upon their arrival at Almaza military Airbase in Cairo on May 22, 2013 following their release, as President Mohammed Morsi vowed to bring the perpetrators to justice and appealed to residents of the lawless peninsula to disarm. The conscripts, seized at gunpoint last week as they were returning from a leave of absence, arrived in ... http://www.africaleader.com/index.php/sid/214694983/scat/d7006824400aaac1 Wed, 22 May 2013 14:05:05 -0400 http://www.africaleader.com/index.php/sid/214694983/scat/d7006824400aaac1 : The listing committee held on 22/05/2013 approved the following: 1. Listing the issued capital increase shares of Al Moasher for Programming and Information Dissemination (AMPI) from LE 7073000 to LE 9924028, amounting to LE 2851028 distributed over 2851028 shares at a nominal value of LE 1 per share (representing the 2nd issue). 4. Shares will be available for trading effective on 26/05/2013 ... http://www.africaleader.com/index.php/sid/214694984/scat/d7006824400aaac1 Wed, 22 May 2013 13:57:15 -0400 http://www.africaleader.com/index.php/sid/214694984/scat/d7006824400aaac1 : EGX administration announced that it has received a release from Misr for Clearing, Depository and Central Registry (depositary bank) stating that: 1- Cancelling of 175.680 of Orascom Development Holding - ... http://www.africaleader.com/index.php/sid/214693354/scat/d7006824400aaac1 Wed, 22 May 2013 12:42:39 -0400 http://www.africaleader.com/index.php/sid/214693354/scat/d7006824400aaac1 DUBAI, May 22 (Reuters) - Egyptian marine services firm Maridive and Oil Services has obtained a $150 million syndicated loan using an ijara (Islamic leasing) structure, the first of its kind in Egypt, the legal advisor on the deal said on Wednesday. The Maridive loan is considered one of the largest in the country's challenging banking sector, according to law firm Crowell & ... http://www.africaleader.com/index.php/sid/214693355/scat/d7006824400aaac1 Wed, 22 May 2013 12:39:05 -0400 http://www.africaleader.com/index.php/sid/214693355/scat/d7006824400aaac1 Every Friday, Maadi's residents wake up to the cacophony of motorcycles scudding down the leafy streets of this affluent Cairo suburb. Friday is the day of protests against the government after a week of toil by those fortunate to have jobs in the sinking economy.But some youths, at least, appear to be doing all right.Mohamed Sami, astride an E80,000 ($12,000) bike, professes his love for ... http://www.africaleader.com/index.php/sid/214693356/scat/d7006824400aaac1 Wed, 22 May 2013 12:31:17 -0400 http://www.africaleader.com/index.php/sid/214693356/scat/d7006824400aaac1 CAIRO (Reuters) - An Egyptian court sentenced four men on Wednesday to death by hanging for the 2011 killing of a Coptic Christian priest in his apartment in the southern city of Assiut, state news agency MENA ... http://www.africaleader.com/index.php/sid/214693152/scat/d7006824400aaac1 Wed, 22 May 2013 12:31:07 -0400 http://www.africaleader.com/index.php/sid/214693152/scat/d7006824400aaac1 "The seven security personnel have been released by their kidnappers in Sinai," military spokesman Ahmed Aly said in a statement carried by the official MENA ... http://www.africaleader.com/index.php/sid/214693234/scat/d7006824400aaac1 Wed, 22 May 2013 12:22:07 -0400 http://www.africaleader.com/index.php/sid/214693234/scat/d7006824400aaac1 Following the launch in March 2013 of Open Data Platforms in 30 African countries, the African Development Bank (AfDB) has launched additional data platforms in the following 10 African countries: Burkina Faso, Burundi, Central African Republic, Chad, Gabon, Mali, Madagascar, Niger, Somalia, Sudan. This brings to forty (40) the number of African countries already connected to the Open Data ... http://www.africaleader.com/index.php/sid/214693357/scat/d7006824400aaac1 Wed, 22 May 2013 12:15:16 -0400 http://www.africaleader.com/index.php/sid/214693357/scat/d7006824400aaac1 Cairo, May 22 (Prensa Latina) The border crossing at Rafah city, linking Egypt and Gaza, reopened today after five days of being shut down by soldiers due to the kidnapping of seven guards. The crisis involving seven members of the Egyptian security corps, kidnapped six days ago in the Sinai Peninsula, ended today in an anti-climax, their liberation achieved through the mediation of Bedouins. The ... http://www.africaleader.com/index.php/sid/214691539/scat/d7006824400aaac1 Wed, 22 May 2013 11:45:07 -0400 http://www.africaleader.com/index.php/sid/214691539/scat/d7006824400aaac1 First quarter profit at Egyptian property developer SODIC fell 83 percent on the back of fewer deliveries of flats and houses to buyers, but the company said that business would speed up later in the year as new residential projects come on ... http://www.africaleader.com/index.php/sid/214691241/scat/d7006824400aaac1 Wed, 22 May 2013 11:34:08 -0400 http://www.africaleader.com/index.php/sid/214691241/scat/d7006824400aaac1 - Egypt, the biggest wheat importer, plans to cut the state's inbound shipments of the cereal and boost local purchases to feed the Arab world's most populous nation as it tries to recover from its deepest economic slump in two decades. The government intends to buy 3 million metric tons on the international market in the 2013-14 fiscal year that starts July 1, compared with 3.4 ... http://www.africaleader.com/index.php/sid/214691735/scat/d7006824400aaac1 Wed, 22 May 2013 11:30:35 -0400 http://www.africaleader.com/index.php/sid/214691735/scat/d7006824400aaac1 ), the leading investment bank in the Arab world, released today its consolidated financial results for the first quarter of 2013, reporting net income after taxes and before minority interest of EGP 98 million on total consolidated operating revenues of EGP 494 million. Group revenues rose 14% Y-o-Y in 1Q13, driven by 17% growth in Investment Bank revenues to EGP 194 million, reflecting rising ... http://www.africaleader.com/index.php/sid/214691736/scat/d7006824400aaac1 Wed, 22 May 2013 11:30:35 -0400 http://www.africaleader.com/index.php/sid/214691736/scat/d7006824400aaac1 (Adds analyst comments, black market rate, background) CAIRO, May 22 (Reuters) - 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 ... http://www.africaleader.com/index.php/sid/214691737/scat/d7006824400aaac1 Wed, 22 May 2013 11:27:10 -0400 http://www.africaleader.com/index.php/sid/214691737/scat/d7006824400aaac1 A blasphemy trial against a Christian teacher in this Egyptian city renowned for its Pharaonic monuments is among a wave of cases that have Egyptian Christians worried they can be jailed for insulting Islam on the flimsiest of ... http://www.africaleader.com/index.php/sid/214691544/scat/d7006824400aaac1 Wed, 22 May 2013 11:07:09 -0400 http://www.africaleader.com/index.php/sid/214691544/scat/d7006824400aaac1 Supreme Guide of Egypt's Muslim Brotherhood, Mohamed Badie, extended his greetings to President Mohamed Mursi, the Armed Forces and the Bedouins of Sinai on Wednesday for their efforts in releasing the seven kidnapped security officers. Badie stressed through his Twitter account the necessity to hold the perpetrators of this abduction accountable. "Congratulations to the families of ... http://www.africaleader.com/index.php/sid/214691738/scat/d7006824400aaac1 Wed, 22 May 2013 11:02:28 -0400 http://www.africaleader.com/index.php/sid/214691738/scat/d7006824400aaac1 Reuters © Workers stand in a factory at an industrial complex in Sadat City, 94 km (58 miles) north of Cairo, April 17, 2013. REUTERS/Amr Abdallah ... http://www.africaleader.com/index.php/sid/214690005/scat/d7006824400aaac1 Wed, 22 May 2013 10:36:31 -0400 http://www.africaleader.com/index.php/sid/214690005/scat/d7006824400aaac1 ) in connection with a landmark Islamic Finance facility extended to Maridive and Oil Services SAE. Abu Dhabi Islamic Bank- Egypt was the Initial Mandated Lead Arranger (IMLA) and the global coordinator in the deal, coordinating the financing with Abu Dhabi Islamic bank (UAE), Arab African International Bank, Banque du Caire and Arab International Bank. The deal is the first Islamic Ijara ... http://www.africaleader.com/index.php/sid/214689969/scat/d7006824400aaac1 Wed, 22 May 2013 10:17:50 -0400 http://www.africaleader.com/index.php/sid/214689969/scat/d7006824400aaac1 - Iraq rejects guarantee from Egyptian bank for payment Egypt owes country for sale of 4m bbl of oil a month, Al-Borsa reports, citing unidentified officials in Cairo-based General Petroleum Authority. Iraq asking for $1.2b guarantee from an intl bank because of deterioration in Egypt's credit ... http://www.africaleader.com/index.php/sid/214690108/scat/d7006824400aaac1 Wed, 22 May 2013 10:17:50 -0400 http://www.africaleader.com/index.php/sid/214690108/scat/d7006824400aaac1 Egyptian President Mohamed Morsi appealed on Wednesday to the opposition for unity, in the face of criticism he is failing the revolution that brought him to power almost a year ... http://www.africaleader.com/index.php/sid/214690109/scat/d7006824400aaac1 Wed, 22 May 2013 10:12:05 -0400 http://www.africaleader.com/index.php/sid/214690109/scat/d7006824400aaac1 20/03/2013 02:55 CET Seven Egyptian security officers kidnapped in Sinai last week have been released. The men arrived at a military base in Cairo on Wednesday morning where they were received by President Mohamed Mursi and government ministers. Security forces said the men were freed following talks mediated by Bedouin tribal leaders. The kidnappers had demanded the release of members of an ... http://www.africaleader.com/index.php/sid/214689941/scat/d7006824400aaac1 Wed, 22 May 2013 10:04:52 -0400 http://www.africaleader.com/index.php/sid/214689941/scat/d7006824400aaac1 On the Monday 20 May 2013 the Egyptian Organisation of Human Rights (EOHR) began its first training workshop for legal professionals about crimes of torture. The workshop aims to train a group of lawyers, legal professionals and researchers in how to deal with crimes of torture in order to make a positive difference. The workshop is scheduled over two days; namely, Monday 20 and Tuesday and 21 ... http://www.africaleader.com/index.php/sid/214690110/scat/d7006824400aaac1 Wed, 22 May 2013 09:58:28 -0400 http://www.africaleader.com/index.php/sid/214690110/scat/d7006824400aaac1 It was a stroke of luck or, as he would put it, "an intervention of life" that catapulted the 19-year-old fledging photographer Youssef Nabil from a modest family home in Cairo into David LaChapelle's studio in New York. A few years later, in 1997, he was back on foreign soil working with Mario Testino in Paris. Thus began the tug-of-war between Nabil and his homeland, which is ... http://www.africaleader.com/index.php/sid/214688604/scat/d7006824400aaac1 Wed, 22 May 2013 09:18:22 -0400 http://www.africaleader.com/index.php/sid/214688604/scat/d7006824400aaac1 Chevron is the second largest oil company in US Chevron Corp is in advanced talks to sell most of its downstream assets in Egypt and Pakistan, three sources said, with the planned disposals seen raising around $300 million for the U.S. oil major.Chevron, the second-largest U.S. oil company, is conducting a separate sale process for its assets in both countries, the banking sources said, speaking ... http://www.africaleader.com/index.php/sid/214688443/scat/d7006824400aaac1 Wed, 22 May 2013 09:03:19 -0400 http://www.africaleader.com/index.php/sid/214688443/scat/d7006824400aaac1 Street vendor distributing bread in Egypt Egypt's central bank said on Tuesday it would offer $800 million to banks at an exceptional auction of foreign currency on Wednesday to cover the country's strategic import needs.The auction will be the central bank's second exceptional sale of foreign exchange. In April, it sold $600 million to pay for wheat, meat, cooking oil and other ... http://www.africaleader.com/index.php/sid/214688102/scat/d7006824400aaac1 Wed, 22 May 2013 09:03:16 -0400 http://www.africaleader.com/index.php/sid/214688102/scat/d7006824400aaac1 ) has released its consolidated financial results for the first quarter ending 31st of March 2013. SODIC reported a net consolidated profit of EGP 6 mln (Q1 2012 net profit of EGP 35 mln) on consolidated revenues of EGP 130 mln (Q1 2012 revenues of EGP 312 million) . The drop in revenues y-o-y is attributable to the reduced deliveries during the quarter. The relatively low deliveries during the ... http://www.africaleader.com/index.php/sid/214688606/scat/d7006824400aaac1 Wed, 22 May 2013 08:59:56 -0400 http://www.africaleader.com/index.php/sid/214688606/scat/d7006824400aaac1 Minister of Petroleum and Mineral Wealth Sherif Hadara asserted on Monday 20/5/2013 that the ministry has no definite figures on future energy consumption and there is not either a comprehensive energy plan for what should be achieved over the coming years. However, the minister said that a new energy body will be formed to work out this plan and draw the features of development in Egypt over the ... http://www.africaleader.com/index.php/sid/214688605/scat/d7006824400aaac1 Wed, 22 May 2013 08:59:56 -0400 http://www.africaleader.com/index.php/sid/214688605/scat/d7006824400aaac1 The seven soldiers were kidnapped last Thursday in the Sinai Peninsula They are now free and heading back to the capital, Cairo, a military spokesman says Military intelligence services and Sinai residents cooperated to secure their release, he ... http://www.africaleader.com/index.php/sid/214688406/scat/d7006824400aaac1 Wed, 22 May 2013 08:58:18 -0400 http://www.africaleader.com/index.php/sid/214688406/scat/d7006824400aaac1 CAIRO ... http://www.africaleader.com/index.php/sid/214687958/scat/d7006824400aaac1 Wed, 22 May 2013 08:39:51 -0400 http://www.africaleader.com/index.php/sid/214687958/scat/d7006824400aaac1 Excerpts:Egyptian depression most severe since 1930s 17 May 2013 +++SOURCE: Egypt Daily News 17 ... http://www.africaleader.com/index.php/sid/214688133/scat/d7006824400aaac1 Wed, 22 May 2013 08:32:58 -0400 http://www.africaleader.com/index.php/sid/214688133/scat/d7006824400aaac1 Hilton Worldwide Middle East and Africa announced the launch of its popular Great Getaway promotion campaign for the MEA region, offering astute travellers the opportunity to secure up to 25% discount on hotel stays, simply by booking five days in ... http://www.africaleader.com/index.php/sid/214687201/scat/d7006824400aaac1 Wed, 22 May 2013 07:52:22 -0400 http://www.africaleader.com/index.php/sid/214687201/scat/d7006824400aaac1 Growing consumer demand for mobile connectivity in Egypt has resulted in a new agreement between Mobinil and Ericsson whereby Ericsson will modernize Mobinil's ... http://www.africaleader.com/index.php/sid/214687046/scat/d7006824400aaac1 Wed, 22 May 2013 07:49:01 -0400 http://www.africaleader.com/index.php/sid/214687046/scat/d7006824400aaac1 Egyptian Army Soldiers (file photo). 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 ... http://www.africaleader.com/index.php/sid/214687202/scat/d7006824400aaac1 Wed, 22 May 2013 07:21:47 -0400 http://www.africaleader.com/index.php/sid/214687202/scat/d7006824400aaac1 As the Egyptian government is working on developing its economy and infrastructure, it has become crucial for the country to improve its electricity sector and provide uninterrupted electric power supply to its population and industries. To further strengthen its development plans, the Ministry of Electricity and Energy has implemented the national 5-year plan for electricity expansion ... http://www.africaleader.com/index.php/sid/214685969/scat/d7006824400aaac1 Wed, 22 May 2013 06:43:29 -0400 http://www.africaleader.com/index.php/sid/214685969/scat/d7006824400aaac1 ) announced that it didn't informed about stoppage of negotiations between Russian VimpelCom, owner of Orascom, and the Algerian Government about OT's unit in Algeria Djezzy. OT added, in a release sent to EGX that, it is not party in these ... http://www.africaleader.com/index.php/sid/214685970/scat/d7006824400aaac1 Wed, 22 May 2013 06:40:17 -0400 http://www.africaleader.com/index.php/sid/214685970/scat/d7006824400aaac1 Seven Egyptian security personnel arrived in Cairo Wednesday morning after being released by kidnappers in the Sinai Peninsula, Egyptian officials said. Egyptian President Mohamed Morsi, Defense Minister ... http://www.africaleader.com/index.php/sid/214685971/scat/d7006824400aaac1 Wed, 22 May 2013 06:36:41 -0400 http://www.africaleader.com/index.php/sid/214685971/scat/d7006824400aaac1 Egypt 's central bank will offer a record $800 million at a currency auction to local lenders today to finance imports of staple foods and medicines after Standard & Poor's warned of accelerating inflation. The regulator, which normally offers $40 million at each auction, is holding a second so-called exceptional sale specifically targeting basic commodities. It sold $600 ... http://www.africaleader.com/index.php/sid/214685972/scat/d7006824400aaac1 Wed, 22 May 2013 06:36:40 -0400 http://www.africaleader.com/index.php/sid/214685972/scat/d7006824400aaac1 Cairo - Supreme Guide of Egypt's Muslim Brotherhood, Mohamed Badie, extended his greetings to President Mohamed Mursi, the Armed Forces and the Bedouins of Sinai on Wednesday for their efforts in releasing the seven kidnapped security officers. Badie stressed through his Twitter account the necessity to hold the perpetrators of this abduction accountable. "Congratulations to the ... http://www.africaleader.com/index.php/sid/214685829/scat/d7006824400aaac1 Wed, 22 May 2013 06:22:55 -0400 http://www.africaleader.com/index.php/sid/214685829/scat/d7006824400aaac1 Egypt has reopened the Gaza border crossing after Sinai militants released three Egyptian policemen and four soldiers kidnapped five days ... http://www.africaleader.com/index.php/sid/214684998/scat/d7006824400aaac1 Wed, 22 May 2013 05:48:34 -0400 http://www.africaleader.com/index.php/sid/214684998/scat/d7006824400aaac1 In this Monday, Aug. 6, 2012 file photograph, the Rafah border terminal between Egypt and Gaza, and the only gateway for Gaza's people, is closed and guarded by Egyptian border guards in Rafah, Egypt. (AP Photo/Ahmed Gomaa, ... http://www.africaleader.com/index.php/sid/214684889/scat/d7006824400aaac1 Wed, 22 May 2013 05:39:08 -0400 http://www.africaleader.com/index.php/sid/214684889/scat/d7006824400aaac1 with Egypt’s government, but at a significant cost, according to figures published by an Egyptian newspaper. Under the terms of the deal, Damac will pay an additional $20.77m to reclaim the right to construct its "Park Avenue" mall and commercial project on the Cairo-Alexandria road, while it will forfeit its stake in local developer, ‘Hyde Park Properties for Development ... http://www.africaleader.com/index.php/sid/214684890/scat/d7006824400aaac1 Wed, 22 May 2013 05:38:38 -0400 http://www.africaleader.com/index.php/sid/214684890/scat/d7006824400aaac1 Six Egyptian policemen and a border guard abducted on the Sinai peninsula last week have been released, the Egyptian army has said in a statement. "The seven kidnapped soldiers are now on their way to Cairo after they were released thanks to the work of military intelligence, and in cooperation with the noble tribal leaders of Sinai," said army spokesman Colonel Ahmed Ali in a ... http://www.africaleader.com/index.php/sid/214685001/scat/d7006824400aaac1 Wed, 22 May 2013 05:28:51 -0400 http://www.africaleader.com/index.php/sid/214685001/scat/d7006824400aaac1 At an international conference focusing on the independence of Egypt's Judiciary on Monday, the president of the International Association of Judges announced a new committee to investigate the feud between the judiciary and the government in Egypt. Gerhard Reissner explained that the association plans to present a comprehensive report on the matter to the United Nations, after hearing from ... http://www.africaleader.com/index.php/sid/214685011/scat/d7006824400aaac1 Wed, 22 May 2013 05:05:33 -0400 http://www.africaleader.com/index.php/sid/214685011/scat/d7006824400aaac1 Egyptian Army Soldiers (file photo). Egypt's Armed Forces said on Tuesday it did not and will not hesitate in taking any steps to release the kidnapped soldiers in Sinai. The response to this operation will be swift and harsh, the Armed Forces added. "We will not have pity or mercy on terrorists or those who help them." On their Facebook page, the Armed Forces reported that ... http://www.africaleader.com/index.php/sid/214685007/scat/d7006824400aaac1 Wed, 22 May 2013 05:05:33 -0400 http://www.africaleader.com/index.php/sid/214685007/scat/d7006824400aaac1 Egyptian Army Soldiers (file photo). Security sources in northern Sinai said that army and police forces began raiding homes in al-Sheikh Zuwayed and Rafah on Tuesday in search of the seven security members who were abducted on Thursday. The sources told Aswat Masriya that the raids included about 20 homes in the deserted area of southern Rafah. Forces fired gunshots at subjects who were ... http://www.africaleader.com/index.php/sid/214685010/scat/d7006824400aaac1 Wed, 22 May 2013 05:05:33 -0400 http://www.africaleader.com/index.php/sid/214685010/scat/d7006824400aaac1 Egyptian Army Soldiers (file photo). A gunman was killed in an air strike on a village in northern Sinai during a security operation on Tuesday, reported a state-owned news channel. The armed forces and the police are currently carrying a security operation to liberate the seven security officers who were kidnapped on Thursday by Islamist militants. The security forces also captured three ... http://www.africaleader.com/index.php/sid/214685009/scat/d7006824400aaac1 Wed, 22 May 2013 05:05:33 -0400 http://www.africaleader.com/index.php/sid/214685009/scat/d7006824400aaac1 Egyptian security sources denied killing a gunman in an airstrike in northern Sinai, saying that the security forces mistakenly fired on a funeral during a sweep search for the security personnel who were kidnapped on Thursday. A state-owned news channel has reported earlier that a gunman was killed during the military operation conducted to free the seven kidnapped security officers. The ... http://www.africaleader.com/index.php/sid/214685008/scat/d7006824400aaac1 Wed, 22 May 2013 05:05:33 -0400 http://www.africaleader.com/index.php/sid/214685008/scat/d7006824400aaac1 CAIRO | Wed May 22, 2013 4:40am EDT CAIRO May 22 (Reuters) - EFG Hermes, Egypt's biggest investment bank, saw net profit jump 27 percent in the first quarter from the same period a year earlier, the bank said on Wednesday. Net profit for the period increased to 98 million Egyptian pounds ($14 million) from 77.0 million pounds in the first quarter of 2012, the bank said in a ... http://www.africaleader.com/index.php/sid/214684891/scat/d7006824400aaac1 Wed, 22 May 2013 04:40:39 -0400 http://www.africaleader.com/index.php/sid/214684891/scat/d7006824400aaac1 Gaza, May 22 (BNA) - Egyptian authorities reopened on Wednesday the Rafah border crossing between Egypt and the Palestinian territories, south of the Gaza Strip, in both directions after the success of the Egyptian army in releasing its seven soldiers who were kidnapped last Thursday in north Sinai. Rafah crossing was closed for five consecutive days due to protest against the kidnapping of the ... http://www.africaleader.com/index.php/sid/214683989/scat/d7006824400aaac1 Wed, 22 May 2013 04:29:56 -0400 http://www.africaleader.com/index.php/sid/214683989/scat/d7006824400aaac1 the current judicial system . The comedian actor joined up with other celebs from the country at one of Cairo's most fabulous hotels because he knows that if you want to see improvement, you gotta take a ... http://www.africaleader.com/index.php/sid/214683754/scat/d7006824400aaac1 Wed, 22 May 2013 04:28:50 -0400 http://www.africaleader.com/index.php/sid/214683754/scat/d7006824400aaac1 After almost a week in captivity, seven soldiers held hostage by unidentified militants in Sinai have been released and are en route to Cairo confirmed Egyptian Armed Forces Spokesperson Ahmed Mohamed Ali, early Wednesday morning. The officers, who are being flown back to the capital, are free thanks to the efforts ... http://www.africaleader.com/index.php/sid/214683893/scat/d7006824400aaac1 Wed, 22 May 2013 04:28:44 -0400 http://www.africaleader.com/index.php/sid/214683893/scat/d7006824400aaac1 ) submitted a request in order to call for both EGM, OGM to discuss increasing issued and paid capital through free distribution from genaral reserves (one free stock for every existing two ... http://www.africaleader.com/index.php/sid/214683990/scat/d7006824400aaac1 Wed, 22 May 2013 04:25:53 -0400 http://www.africaleader.com/index.php/sid/214683990/scat/d7006824400aaac1 Seven Egyptian security officers kidnapped in Sinai last week have been released – according to an army spokesman. Ahmed Ali made the statement on his Facebook page. It said: ';The seven kidnapped Egyptian soldiers are on their way to Cairo after their release thanks to the efforts of Egyptian military intelligence in coordination with the elders of the tribes and families of ... http://www.africaleader.com/index.php/sid/214682868/scat/d7006824400aaac1 Wed, 22 May 2013 03:07:40 -0400 http://www.africaleader.com/index.php/sid/214682868/scat/d7006824400aaac1 New York, May 22 : Poverty and food insecurity in Egypt have risen significantly over the last three years, according to a joint reports released Tuesday by the United Nations food agency and ... http://www.africaleader.com/index.php/sid/214681881/scat/d7006824400aaac1 Wed, 22 May 2013 02:24:37 -0400 http://www.africaleader.com/index.php/sid/214681881/scat/d7006824400aaac1 CAIRO - Egyptian state TV says six policemen and a border guard kidnapped by suspected militants in the Sinai Peninsula last week have been freed. The report says the men were let go in the middle of the desert by their captors and the military was transporting them on Wednesday back to the Egyptian capital, Cairo. The military's spokesmen, Col. Ahmed Mohammed Ali, confirmed the release on ... http://www.africaleader.com/index.php/sid/214682005/scat/d7006824400aaac1 Wed, 22 May 2013 02:08:15 -0400 http://www.africaleader.com/index.php/sid/214682005/scat/d7006824400aaac1 Average Egyptian household spends 40.6 percent of its expenditures on food The World Food Programme (WFP) in Egypt released a report on Tuesday showing that 17 percent of Egypt's population, an estimated 13.7 million people, suffered from food insecurity in 2011, compared to 14 percent in 2009.According to the joint report by the World Food Programme, the International Food Policy Research ... http://www.africaleader.com/index.php/sid/214680787/scat/d7006824400aaac1 Wed, 22 May 2013 01:06:04 -0400 http://www.africaleader.com/index.php/sid/214680787/scat/d7006824400aaac1 Cairo - Poverty and food insecurity in Egypt have risen significantly over the last three years according to joint reports released today by the UN World Food Programme (WFP), the government's Central Agency for Public Mobilization and Statistics (CAPMAS) and the International Food Policy Research Institute (IFPRI). A report by WFP and CAPMAS found that an estimated 13.7 million Egyptians ... http://www.africaleader.com/index.php/sid/214681007/scat/d7006824400aaac1 Wed, 22 May 2013 00:44:57 -0400 http://www.africaleader.com/index.php/sid/214681007/scat/d7006824400aaac1 Turkish deputy prime minister Ali Babacan has said his country will increase its $1bn credit line to Egypt by $250m, Reuters has reported. Turkey was expected to transfer the remaining $1bn of a $2bn budget support package agreed last year for Egypt this ... http://www.africaleader.com/index.php/sid/214679973/scat/d7006824400aaac1 Tue, 21 May 2013 23:57:03 -0400 http://www.africaleader.com/index.php/sid/214679973/scat/d7006824400aaac1 Egyptian officials say soldiers and police officers mistakenly fired on a Bedouin funeral in the Sinai Peninsula during a search for kidnapped security personnel. The officials say the troops thought the funeral convoy was carrying gunmen who refused to ... http://www.africaleader.com/index.php/sid/214679703/scat/d7006824400aaac1 Tue, 21 May 2013 23:02:31 -0400 http://www.africaleader.com/index.php/sid/214679703/scat/d7006824400aaac1 The statement of an International Monetary Fund (IMF) official urging the Egyptian government to cut energy subsidies has stirred up debate among local experts.On Tuesday, Masood Ahmed, IMF chief for the Middle East and Central Asia, told reporters in Dubai that Egypt should cut energy subsidies and spend more in other fields to reinvigorate its ailing economy.Ahmed said Egypt spends on energy ... http://www.africaleader.com/index.php/sid/214677869/scat/d7006824400aaac1 Tue, 21 May 2013 21:42:54 -0400 http://www.africaleader.com/index.php/sid/214677869/scat/d7006824400aaac1 One militant has been killed and three others arrested in a military campaign in the Egyptian governorate of North Sinai on Tuesday, a security official told Xinhua."During a military campaign in southern Rafah in North Sinai, the security forces were surprised by heavy gunfire at Al-Barth area and exchanged fire with the militants," the security source said.Afterwards, the security ... http://www.africaleader.com/index.php/sid/214677862/scat/d7006824400aaac1 Tue, 21 May 2013 21:42:23 -0400 http://www.africaleader.com/index.php/sid/214677862/scat/d7006824400aaac1 Egypt rose in the first four months of 2012, the Cabinet said Tuesday, but analysts say the sector is still suffering from the aftermath of the country’s 2011 uprising. The revolt that ousted ... http://www.africaleader.com/index.php/sid/214677877/scat/d7006824400aaac1 Tue, 21 May 2013 21:40:05 -0400 http://www.africaleader.com/index.php/sid/214677877/scat/d7006824400aaac1 according to the Associated Press , describing the measure as one that will shift the burden on the poor to that of the nation's struggling small business sector. As for the nation's powerful and wealthy elite, the new law won't touch ... http://www.africaleader.com/index.php/sid/214676812/scat/d7006824400aaac1 Tue, 21 May 2013 20:33:26 -0400 http://www.africaleader.com/index.php/sid/214676812/scat/d7006824400aaac1 Italian oil and gas industry contractor Saipem has awarded Oceaneering International the contract to supply umbilicals for the Burullus West Delta Deep Marine Phase IXa development located offshore Egypt. The order includes 10 subsea production control umbilicals totalling approximately 84km in length and two electrical power cables totalling around 55km in length. The project is set to be ... http://www.africaleader.com/index.php/sid/214675482/scat/d7006824400aaac1 Tue, 21 May 2013 19:20:02 -0400 http://www.africaleader.com/index.php/sid/214675482/scat/d7006824400aaac1 Rafah near the border with Gaza on Thursday in the latest setback for the Cairo government's efforts to reinstate law and order in the Sinai ... http://www.africaleader.com/index.php/sid/214670700/scat/d7006824400aaac1 Tue, 21 May 2013 17:03:22 -0400 http://www.africaleader.com/index.php/sid/214670700/scat/d7006824400aaac1 , saying the police inherited "this mess." According to the report, armed robberies rose from 233 in 2010 to 2,807 in 2012. Break-ins in private homes went from 7,368 in 2010 to 11,699 in 2012. There have also been increasing numbers of firearms coming into the country, Osman said. Human rights activists in Egypt said the thousands of criminals released during the revolution factored ... http://www.africaleader.com/index.php/sid/214671420/scat/d7006824400aaac1 Tue, 21 May 2013 16:57:09 -0400 http://www.africaleader.com/index.php/sid/214671420/scat/d7006824400aaac1 Morsi Sheikh, former head of the Appellate Court and director of the Center for Justice and Democracy of Human Rights, stated that Copts in Egypt face continual threats and violence from ... http://www.africaleader.com/index.php/sid/214671422/scat/d7006824400aaac1 Tue, 21 May 2013 16:41:19 -0400 http://www.africaleader.com/index.php/sid/214671422/scat/d7006824400aaac1 An Egyptian Army vehicle with a tank heads to the closed Rafah border crossing between Egypt and the Gaza strip, in Sheikh Zuweyid, northern Sinai, Egypt, Monday, May 20, 2013. Security officials said 17 military and more than 20 police armored vehicles were deployed in northern Sinai Monday as a response to the kidnapping by suspected militants of six policemen and a border guard there last ... http://www.africaleader.com/index.php/sid/214671572/scat/d7006824400aaac1 Tue, 21 May 2013 16:40:43 -0400 http://www.africaleader.com/index.php/sid/214671572/scat/d7006824400aaac1 Hosni Mubarak will remain behind bars for another 30 days, an Egyptian court ruled Tuesday. It is the third extension of Mubarak's most recent jail stint on charges he exploited his office for personal financial gain. The 84-year-old former leader, who is in failing health, is being held in Cairo's Tora Prison Hospital. Ahram Online said Mubarak's raft of legal cases are moving ... http://www.africaleader.com/index.php/sid/214671339/scat/d7006824400aaac1 Tue, 21 May 2013 16:32:24 -0400 http://www.africaleader.com/index.php/sid/214671339/scat/d7006824400aaac1 CAIRO [MENL] -- Egypt has begun sending thousands of troops into theturbulent Sinai Peninsula. Officials said the Egyptian Army was sending scores of combat units inSinai for another counter-insurgency offensive. They said the armyreinforcements were searching for seven officers abducted on May 16 near theborder with Israel and the Gaza ... http://www.africaleader.com/index.php/sid/214669680/scat/d7006824400aaac1 Tue, 21 May 2013 15:19:20 -0400 http://www.africaleader.com/index.php/sid/214669680/scat/d7006824400aaac1 Cairo, May 21 (Prensa Latina) The English-language Egyptian Gazette published an extensive interview today with Cuban Deputy Foreign Minister Rogelio Sierra, in which he highlighted the strength and historic nature of bilateral ties between Cuba and Egypt. The visit of the Cuban deputy foreign minister was followed with interest by both Egyptian television and printed press, which requested his ... http://www.africaleader.com/index.php/sid/214668265/scat/d7006824400aaac1 Tue, 21 May 2013 14:42:25 -0400 http://www.africaleader.com/index.php/sid/214668265/scat/d7006824400aaac1 (MENAFN - Khaleej Times) The 11 Egyptians arrested in the UAE on security grounds will be able to meet their relatives very soon, said Egyptian Ambassador to the UAE Tamer Mansoor. He also confirmed that all of them are in good health.Mansoor told Khaleej Times on Sunday that the Emirati officials wanted to comfort the relatives of the accused who had already talked to them on the phone in ... http://www.africaleader.com/index.php/sid/214668268/scat/d7006824400aaac1 Tue, 21 May 2013 14:39:09 -0400 http://www.africaleader.com/index.php/sid/214668268/scat/d7006824400aaac1 Hamas said it would be willing to close all smuggling tunnels under the Gaza-Egypt border upon opening of a commercial crossing, Palestinian news agency Ma'an cited Ghazi Hamad, Hamas undersecretary of the Ministry of Foreign Affairs as saying Tuesday. Egyptian police angered by the kidnapping of seven colleagues Thursday by Islamist ... http://www.africaleader.com/index.php/sid/214667517/scat/d7006824400aaac1 Tue, 21 May 2013 14:37:08 -0400 http://www.africaleader.com/index.php/sid/214667517/scat/d7006824400aaac1 Deputy Head of the Egyptian Democratic Social Party Emad Gad said that pressure from religious groups in the country is corrupting the judicial system in ... http://www.africaleader.com/index.php/sid/214668270/scat/d7006824400aaac1 Tue, 21 May 2013 14:13:11 -0400 http://www.africaleader.com/index.php/sid/214668270/scat/d7006824400aaac1 Under the co-sponsorship of the African Development Institute (ADI) of the African Development Bank (AfDB) and the Korea-Africa Economic Cooperation (KOAFEC), the Association for the Development of Education in Africa (ADEA) announced the winners and presented eight awards to African scholars and research institutions that have published distinctive research in the field of education. The award ... http://www.africaleader.com/index.php/sid/214668271/scat/d7006824400aaac1 Tue, 21 May 2013 13:57:33 -0400 http://www.africaleader.com/index.php/sid/214668271/scat/d7006824400aaac1 An Egyptian activist covers her face with the petition for "Tamarod," Arabic for "rebel," a campaign calling for 15 million signatures expressing "no confidence" in Egyptian President Mohammed Morsi and calling for early presidential elections, during a protest in Tahrir Square in Cairo on May ... http://www.africaleader.com/index.php/sid/214666009/scat/d7006824400aaac1 Tue, 21 May 2013 13:02:59 -0400 http://www.africaleader.com/index.php/sid/214666009/scat/d7006824400aaac1 CAIRO (Reuters) - Egypt's army and police stepped up roadblocks in an area of northern Sinai as they tried to track down militant Islamists who kidnapped seven security officers last week, a security source said on ... http://www.africaleader.com/index.php/sid/214665647/scat/d7006824400aaac1 Tue, 21 May 2013 12:54:35 -0400 http://www.africaleader.com/index.php/sid/214665647/scat/d7006824400aaac1 An Egyptian Army vehicle with a tank heads to the closed Rafah border crossing between Egypt and the Gaza strip, in Sheikh Zuweyid, northern Sinai, Egypt, Monday, May 20, 2013. Security officials said 17 military and more than 20 police armored vehicles were deployed in northern Sinai Monday as a response to the kidnapping by suspected militants of six policemen and a border guard there last ... http://www.africaleader.com/index.php/sid/214663795/scat/d7006824400aaac1 Tue, 21 May 2013 12:13:31 -0400 http://www.africaleader.com/index.php/sid/214663795/scat/d7006824400aaac1