Egypt received 10 Apache helicopters from the United States in the past week, security sources said on Saturday, a sign of easing tensions between the long-time allies confronting Islamist extremism across the... Saturday, 20 December, 2014 - 20:11
US Time magazine has attributed the ongoing clashes over Libya’s Ras Lanuf and Sidra oil ports to fears by battling Libyan Islamist militias that Egypt will reinforce the Tubruq-based Libyan government.
The... Saturday, 20 December, 2014 - 19:20
Russian tourism to Red Sea resorts has dropped by 50 percent over the past few weeks following a decline in the Russian ruble to the US dollar.
The head of the Chamber of Tourism in the Red Sea Magdy Saleh has indicated... Saturday, 20 December, 2014 - 17:40
Economic Researcher Reda Eissa said that IS has not had a significant impact on the economy.
He said the presence of IS in neighboring countries has only effected the tourism sector as loyal groups in Sinai were seized... Saturday, 20 December, 2014 - 16:33
Former Prime Minister Ahmed Shafiq has won the presidency for the Egyptian National Movement Party.
Shafiq, who has been living in the United Arab Emirates since June 2012, founded the party the same year.
Shafiq, the only candidate who stood for...
Finance Minister Hany Qadry Dimian considers Fitch Ratings' decision to upgrade its evaluation of the Egyptian economy as an important positive step to boost investor confidence.
The minister said that the move supports recent efforts by the...