Aswat Masriya
Moody’s expects 4% economic growth for Egypt in 2017
Business
January 17, 2017
Moody’s expects 4% economic growth for Egypt in 2017
Moody's Investor Service expects that Egypt's economy will grow by 4% in 2017, and the growth rate will increase 4.5%…
Cabinet creates protests-free zone around vital facilites
Egypt
January 13, 2017
Cabinet creates protests-free zone around vital facilites
Egypt's cabinet decided to keep 800 square metres in the vicinity of vital facilities as a "safe zone," where no…
Eight policemen, five terrorists killed in two attacks in northern Sinai
Egypt
January 9, 2017
Eight policemen, five terrorists killed in two attacks in northern Sinai
Eight policemen, one citizen and five armed persons were killed in two separate attacks against security checkpoints in northern Sinai,…
Egyptian pound strengthens: around 18 per dollar in banks
Business
January 9, 2017
Egyptian pound strengthens: around 18 per dollar in banks
The Egyptian pound remained steady at around 18 per US dollar in most banks on Sunday.The dollar was sold at…
Egypt’s Sisi ratifies law establishing first ever media workers’ syndicate
Egypt
January 6, 2017
Egypt’s Sisi ratifies law establishing first ever media workers’ syndicate
Egypt’s president Abdel Fattah al-Sisi ratified on Wednesday a law that establishes a media workers’ syndicate, expanding the scope of…
Egypt’s foreign reserves rise to US$24.265 bln at end-December
Egypt
January 6, 2017
Egypt’s foreign reserves rise to US$24.265 bln at end-December
Egypt's net foreign reserves rose to US$24.265 billion at the end of December from US$23.058 billion at the end of…
‘April 6’ youth movement co-founder Ahmed Maher released from prison
Egypt
January 5, 2017
‘April 6’ youth movement co-founder Ahmed Maher released from prison
Activist Ahmed Maher has been released Thursday, three days after he ended two prison terms.Maher, co-founder of the "April 6"…
Court sentences two policemen to prison for sexually assaulting a woman
Egypt
January 3, 2017
Court sentences two policemen to prison for sexually assaulting a woman
Cairo Criminal Court sentenced on Monday two policemen to prison on charges of sexually assaulting a woman in a patrol…
Orange to pay Telecom Egypt LE49 mn for “Connecting Israeli Phone Calls”
Egypt
January 2, 2017
Orange to pay Telecom Egypt LE49 mn for “Connecting Israeli Phone Calls”
The Economic Court in Egypt issued, on Sunday, a provision requiring Orange Egypt (previously named "Mobinil") to pay LE49.1 million…
Egypt military court hands down 148 life sentences in Minya violence case
Egypt
January 2, 2017
Egypt military court hands down 148 life sentences in Minya violence case
A military criminal court sentenced 148 suspected Muslim Brotherhood members to life in prison in absentia and acquitted ten others…
State Council top official arrested after his resignation over bribery case
Egypt
January 1, 2017
State Council top official arrested after his resignation over bribery case
Egypt’s State Council secretary-general was arrested after submitting his resignation on Saturday on the backdrop of a bribery case in…
Egypt bans daughter of former presidential candidate from travel
Egypt
January 1, 2017
Egypt bans daughter of former presidential candidate from travel
Egyptian authorities at Cairo International Airport banned the daughter of former presidential candidate Hamdeen Sabbahi from travel on Friday after…
Egyptian lawyers challenge referral of Red Sea islands deal to parliament
Egypt
December 31, 2016
Egyptian lawyers challenge referral of Red Sea islands deal to parliament
Egyptian lawyers, Khaled Ali and Ali Ayoub, filed a lawsuit on Saturday in the administrative court challenging the referral of…
Egypt signs three oil and gas exploration deals with European companies
Egypt
December 30, 2016
Egypt signs three oil and gas exploration deals with European companies
Egypt’s Petroleum Minister Tarek al-Molla signed three agreements with European companies on Wednesday for oil and gas exploration in the…
Mohamed Badie to be released on health grounds in ‘Rabaa dispersal’ case
Egypt
December 27, 2016
Mohamed Badie to be released on health grounds in ‘Rabaa dispersal’ case
The Cairo Criminal Court ordered on Tuesday the release of ten defendants on health grounds in the case known as…
Egypt’s security forces kill 2 men over assassination of senior military officer
Egypt
December 25, 2016
Egypt’s security forces kill 2 men over assassination of senior military officer
Egypt's Interior Ministry announced early on Sunday the killing of two men involved in the assassination of a senior army…
Egyptian authorities detain Al Jazeera news producer
Egypt
December 24, 2016
Egyptian authorities detain Al Jazeera news producer
Egyptian authorities detained news producer, Mahmoud Hussein, who is working at Al Jazeera channel on Friday, the Qatar-based broadcaster announced. In…
US dollar prices decline in Egypt’s banks
Business
December 23, 2016
US dollar prices decline in Egypt’s banks
The US dollar exchange rate continued to decline on Thursday to stand at LE 19.5 and LE18.75 in the bank. The…
Pharmacists syndicate demands presidential interference in medicine prices
Business
December 21, 2016
Pharmacists syndicate demands presidential interference in medicine prices
The Pharmacists Syndicate sent a letter to Egypt's President Abdel Fattah al-Sisi calling on him to ban the increases in…
Egyptian pound approaches 20 to US dollar in banks
Business
December 20, 2016
Egyptian pound approaches 20 to US dollar in banks
The Egyptian pound depreciated further against the dollar in some banks mid-Tuesday, reaching a selling price of 19.75 compared to…