Thursday 25 May 2017

Egypte

(AFP (eng) 05/25/17)
Ramadan is a time for daytime fasting and lavish evening feasts, but Egyptians are scaling back preparations for the Muslim holy month this year after austerity measures fuelled decades-high inflation. At a Cairo supermarket, Rana, a web designer and mother of two, said she was buying less food in the runup to the start of Ramadan this weekend, depending on the sighting of the crescent moon, a period that usually sees a surge in demand. Other shoppers who gathered around fruit and vegetable stalls shared her dismay. In April, core inflation neared 33 percent, and rose over 44 percent percent for foodstuffs. "We cut down a lot on what we buy because the prices are...
(AL Jazeera 05/24/17)
Detention follows complaint that Ali made an 'obscene hand gesture' outside a Cairo court in January, his lawyer says. A prominent Egyptian opposition leader was detained on Tuesday for "offending public decency" amid what rights lawyers say is a wave of arrests of potential presidential candidates one year before an election. Khaled Ali, a human rights lawyer who ran in Egypt's 2012 presidential vote, was questioned by the prosecution and ordered detained for 24 hours pending investigations, lawyer Gamal Eid told Ahram Online. Ali, who has suggested he might run against President Abdel Fattah el-Sisi in an election slated
(AFP (eng) 05/24/17)
The first of the many wondrous artefacts found in Egyptian boy king Tutankhamun's tomb were transported carefully through Cairo's streets on Tuesday to their new home near the Giza Pyramids. The still unfinished new Grand Egyptian Museum at the foot of the pyramids will eventually house the collections of the current brimming museum in the city's Tahrir Square. A gilded bed and a funeral chariot from Tutankhamun's tomb -- discovered by British archaeologist Howard Carter in 1922 -- were transferred...
(Egypt Independent 05/24/17)
Sudanese President Omar al-Bashir has resumed his allegations against Egypt, saying that his armed forces seized Egyptian armored vehicles during recent clashes in Darfur that took place last week. On Tuesday, Bashir renewed his accusations against Cairo over backing the rebels there. “We fought along with Egyptians in 1976. We fought for twenty years without being supported with a bullet. The ammunition we bought from them was not working,” Bashir told the army command in Khartoum. However, Egypt denied all the Sudanese accusations through the Foreign Ministry spokesperson who stressed
(Ahram Online 05/24/17)
The statement from Egypt's foreign ministry comes in response to 'Sudanese statements accusing Egypt of supporting Darfur rebel groups'. Egypt respects the sovereignty of Sudan and would not interfere to destabilise it or harm its people, the country’s foreign ministry said in a statement Tuesday in response to “Sudanese statements accusing Egypt of supporting Darfur rebel groups.” Egypt’s foreign policy, according to the statement, is based on respecting international law and principles of good neighbourliness, especially when it comes to...
(AFP (eng) 05/24/17)
The legendary treasure of ancient Egypt's boy king Tutankhamun, whose tomb British archaeologist Howard Carter discovered in the Valley of the Kings near Luxor in 1922, is shrouded in mystery. - A hoard uncovered intact - The tomb of Tutankhamun, who died aged 19 in 1324 BC after nine years on the throne, is pharaonic Egypt's only mausoleum found so far with its burial artefacts intact. Many other resting places of pharaohs and dignitaries had been pillaged by tomb robbers...
(Daily News Egypt 05/24/17)
The real per capita spending in new cities dropped to EGP 16,916 per person, compared to the nominal EGP 19,855 per person, according to the report. Total planned spending in built environment increased by 62% from last year, from EGP 98.9bn to EGP 159.8bn in real terms (EGP 187.4bn in nominal prices), according to the Built Environment (BE) Budget 2016/2017. 10 Tooba for Applied Research on the Built Environment recently issued its second Built Environment Deprivation Indicator (BEDI) based on...
(Reuters (Eng) 05/24/17)
When U.S. President Donald Trump and other leaders of the world's seven major industrialized nations gather in Sicily on Friday, they will enjoy a spectacular view of the Mediterranean Sea, but won't get any glimpse of boats full of migrants. A common sight off Sicily in recent years, the authorities have banned all migrant landings on the island during the Group of Seven Summit for security reasons, telling rescue vessels that pick them up at sea to take them to...
(AFP (eng) 05/23/17)
A former Egyptian presidential candidate and rights lawyer who challenged the government for handing over islands to Saudi Arabia was detained Tuesday on suspicion of illegal political work, a judicial official said. Khaled Ali was summoned by the prosecution for questioning on suspicion of having set up an unregistered political party, the official said. The prosecution ordered his detention for 24 hours. His legal troubles come as opposition groups complain of a crackdown ahead of the 2018 presidential election which incumbent Abdel Fattah al-Sisi is expected to dominate. Ali was the main lawyer to bring a case against the government after it agreed to hand over two Red Sea islands to Saudi Arabia
(Xinhuanet 05/23/17)
Egypt on Tuesday strongly condemned the terrorist attack that took place at a concert in Manchester on Monday, which left 22 people killed and 59 others wounded, including children. "The execution of such heinous terrorist attack, few days after holding an anti-terror summit in Saudi, underlined the importance that the international community should move immediately to put an effective mechanism and to take strict measures to uproot terrorism," the Foreign Ministry said in a statement on Tuesday. Egypt asserted its...
(Andalou Agency 05/23/17)
Sudanese President Omar al-Bashir on Tuesday accused Egypt of arming rebel groups in the troubled Darfur region. In an address to top army brass, Bashir said Sudanese forces have captured Egyptian weapons during clashes with rebels in the East Darfur state. He said Sudanese forces had intercepted two rebel convoys coming from Libya and South Sudan. "We defeated them, destroying 59 military vehicles," Bashir said. "Unfortunately we captured Egyptian tanks and armors in the hands of the rebels," he claimed...
(Al-Monitor 05/23/17)
Egypt has drafted a bill that would impose hefty fines on people who harass tourists as part of efforts aimed at attracting additional tourists to Egypt and reinvigorating the country’s struggling tourism industry. The draft law stipulates that a tourist harasser could receive a fine ranging from 3,000 Egyptian pounds to 10,000 Egyptian pounds ($166-$555), state television quoted Antiquities Minister Khaled El-Anani as saying. “The draft law ensures that if tourists are annoyed, their harassers will get a maximum fine...
(Reuters (Eng) 05/23/17)
Fossils from Greece and Bulgaria of an ape-like creature that lived 7.2 million years ago may fundamentally alter the understanding of human origins, casting doubt on the view that the evolutionary lineage that led to people arose in Africa. Scientists said on Monday the creature, known as Graecopithecus freybergi and known only from a lower jawbone and an isolated tooth, may be the oldest-known member of the human lineage that began after an evolutionary split from the line that led...
(AFP (eng) 05/22/17)
Egyptian authorities have referred 48 suspected Islamic State group members to military trial over three deadly church bombings, the public prosecutor's office said in a statement on Sunday. Of the 48 suspects, 31 are in custody and 17 still at large, it said. IS claimed responsibility for the three suicide attacks that targeted the churches in December and April. A December 11 attack in the heart of Cairo on the Saint Peter and Saint Paul church, adjacent to the headquarters...
(Reuters (Eng) 05/22/17)
Egypt's central bank raised its key interest rates by 200 basis points on Sunday, citing stronger economic growth and falling unemployment, confounding the expectations of economists who forecast rates were unlikely to change. At a meeting of its Monetary Policy Committee, the bank hiked its overnight deposit rate to 16.75 percent from 14.75 percent and its overnight lending rate to 17.75 from 15.75 percent, it announced in a statement. This was the bank's first increase in rates since an aggressive...
(Reuters (Eng) 05/22/17)
Egypt referred 48 people to the country's military judiciary on Sunday for suspected involvement in three deadly church bombings and accused them of joining the militant group Islamic State. Egypt's Christian minority has come under attack in recent months. Two deadly church bombings in Alexandria and Tanta killed more than 45 people in April, months after a bombing near Cairo's Coptic Cathedral killed at least 25. Islamic State claimed responsibility for all three attacks. Public prosecutor Nabil Sadek said in...
(Reuters (Eng) 05/22/17)
Countries in sub-Saharan Africa need to get their budgets in order, diversify their economies and look after their poorest people. If they do that, there is no reason why the region cannot have the strong growth needed to meet the aspirations of a young and growing population. That, at least, is the three-pillared prescription from the International Monetary Fund as expressed by one of its top Africa researchers, Celine Allard, in an official IMF blog post and podcast. Allard co-authored...
(AFP (eng) 05/21/17)
US President Donald Trump told Egyptian President Abdel Fattah al-Sisi on Sunday during talks in the Saudi capital that he would soon visit Egypt. "We will absolutely be putting that on the list very soon," Trump said at the beginning of bilateral talks with Sisi, hours before the US president is scheduled to address an Arab Islamic American summit. Trump praised US relations with Egypt, describing the talks with Sisi as "very very important". "We've really been through a lot...
(AFP (eng) 05/20/17)
Egypt held a sombre ceremony on the first anniversary of the EgyptAir MS804 disaster in Cairo Friday, but no answers were forthcoming on why the flight crashed into the Mediterranean killing all passengers on board. During the ceremony at Cairo airport, relatives of the victims laid flowers at the foot of a memorial wall bearing the names of all 66 passengers and crew killed when the Airbus A320 flying from Paris to Cairo crashed. The ceremony came two weeks after a source close to the French investigation ruled out that explosives caused the crash, contradicting Egyptian investigators who had said explosive traces were
(Reuters (Eng) 05/20/17)
France will step up the fight against resurgent Islamist militants in north and west Africa and will work more closely with Germany to help the tinderbox region, President Emmanuel Macron said on his first trip outside Europe on Friday. Visiting Mali days after taking office, Macron vowed to keep French troops in the Sahel region until there was "no more Islamist terrorism" there. He said operations would be escalated in response to signs that militant groups were regrouping and uniting...

Pages

(AFP (eng) 05/25/17)
Ramadan is a time for daytime fasting and lavish evening feasts, but Egyptians are scaling back preparations for the Muslim holy month this year after austerity measures fuelled decades-high inflation. At a Cairo supermarket, Rana, a web designer and mother of two, said she was buying less food in the runup to the start of Ramadan this weekend, depending on the sighting of the crescent moon, a period that usually sees a surge in demand. Other shoppers who gathered around fruit and vegetable stalls shared her dismay. In April, core inflation neared 33 percent, and rose over 44 percent percent for foodstuffs. "We cut down a lot on what we buy because the prices are...
(AL Jazeera 05/24/17)
Detention follows complaint that Ali made an 'obscene hand gesture' outside a Cairo court in January, his lawyer says. A prominent Egyptian opposition leader was detained on Tuesday for "offending public decency" amid what rights lawyers say is a wave of arrests of potential presidential candidates one year before an election. Khaled Ali, a human rights lawyer who ran in Egypt's 2012 presidential vote, was questioned by the prosecution and ordered detained for 24 hours pending investigations, lawyer Gamal Eid told Ahram Online. Ali, who has suggested he might run against President Abdel Fattah el-Sisi in an election slated
(Daily News Egypt 05/24/17)
The real per capita spending in new cities dropped to EGP 16,916 per person, compared to the nominal EGP 19,855 per person, according to the report. Total planned spending in built environment increased by 62% from last year, from EGP 98.9bn to EGP 159.8bn in real terms (EGP 187.4bn in nominal prices), according to the Built Environment (BE) Budget 2016/2017. 10 Tooba for Applied Research on the Built Environment recently issued its second Built Environment Deprivation Indicator (BEDI) based on...
(Reuters (Eng) 05/24/17)
When U.S. President Donald Trump and other leaders of the world's seven major industrialized nations gather in Sicily on Friday, they will enjoy a spectacular view of the Mediterranean Sea, but won't get any glimpse of boats full of migrants. A common sight off Sicily in recent years, the authorities have banned all migrant landings on the island during the Group of Seven Summit for security reasons, telling rescue vessels that pick them up at sea to take them to...
(AFP (eng) 05/23/17)
A former Egyptian presidential candidate and rights lawyer who challenged the government for handing over islands to Saudi Arabia was detained Tuesday on suspicion of illegal political work, a judicial official said. Khaled Ali was summoned by the prosecution for questioning on suspicion of having set up an unregistered political party, the official said. The prosecution ordered his detention for 24 hours. His legal troubles come as opposition groups complain of a crackdown ahead of the 2018 presidential election which incumbent Abdel Fattah al-Sisi is expected to dominate. Ali was the main lawyer to bring a case against the government after it agreed to hand over two Red Sea islands to Saudi Arabia
(Xinhuanet 05/23/17)
Egypt on Tuesday strongly condemned the terrorist attack that took place at a concert in Manchester on Monday, which left 22 people killed and 59 others wounded, including children. "The execution of such heinous terrorist attack, few days after holding an anti-terror summit in Saudi, underlined the importance that the international community should move immediately to put an effective mechanism and to take strict measures to uproot terrorism," the Foreign Ministry said in a statement on Tuesday. Egypt asserted its...
(Reuters (Eng) 05/23/17)
Fossils from Greece and Bulgaria of an ape-like creature that lived 7.2 million years ago may fundamentally alter the understanding of human origins, casting doubt on the view that the evolutionary lineage that led to people arose in Africa. Scientists said on Monday the creature, known as Graecopithecus freybergi and known only from a lower jawbone and an isolated tooth, may be the oldest-known member of the human lineage that began after an evolutionary split from the line that led...
(AFP (eng) 05/22/17)
Egyptian authorities have referred 48 suspected Islamic State group members to military trial over three deadly church bombings, the public prosecutor's office said in a statement on Sunday. Of the 48 suspects, 31 are in custody and 17 still at large, it said. IS claimed responsibility for the three suicide attacks that targeted the churches in December and April. A December 11 attack in the heart of Cairo on the Saint Peter and Saint Paul church, adjacent to the headquarters...
(Reuters (Eng) 05/22/17)
Egypt referred 48 people to the country's military judiciary on Sunday for suspected involvement in three deadly church bombings and accused them of joining the militant group Islamic State. Egypt's Christian minority has come under attack in recent months. Two deadly church bombings in Alexandria and Tanta killed more than 45 people in April, months after a bombing near Cairo's Coptic Cathedral killed at least 25. Islamic State claimed responsibility for all three attacks. Public prosecutor Nabil Sadek said in...
(AFP (eng) 05/20/17)
Egypt held a sombre ceremony on the first anniversary of the EgyptAir MS804 disaster in Cairo Friday, but no answers were forthcoming on why the flight crashed into the Mediterranean killing all passengers on board. During the ceremony at Cairo airport, relatives of the victims laid flowers at the foot of a memorial wall bearing the names of all 66 passengers and crew killed when the Airbus A320 flying from Paris to Cairo crashed. The ceremony came two weeks after a source close to the French investigation ruled out that explosives caused the crash, contradicting Egyptian investigators who had said explosive traces were
(Reuters (Eng) 05/20/17)
France will step up the fight against resurgent Islamist militants in north and west Africa and will work more closely with Germany to help the tinderbox region, President Emmanuel Macron said on his first trip outside Europe on Friday. Visiting Mali days after taking office, Macron vowed to keep French troops in the Sahel region until there was "no more Islamist terrorism" there. He said operations would be escalated in response to signs that militant groups were regrouping and uniting...
(Daily News Egypt 05/19/17)
The president praised the role of the armed forces in confronting terrorism. “I will present a statement of account in January and February about Egypt under my rule,” President Abdel Fattah Al-Sisi said during his meeting with editors-in-chief of state-owned newspapers, on Tuesday. Al-Sisi said that protectionist measures were taken for the benefit of the middle class and the low-income families, and the government will duplicate the subsidy and free taxing. The president expressed his rejection of the phrase “everything...
(Daily News Egypt 05/19/17)
Cairo’s Criminal Court had acquitted Salem in 2015, but the public prosecutors appealed the verdict. The Cairo Criminal Court, headed by Abdel Tauwab Ibrahim Gadallah, acquitted on Thursday Hussein Salem in the retrial of his case of exporting gas to Israel. Cairo’s Criminal Court had acquitted Salem in 2015, but the public prosecutors appealed the verdict. Hussein Salem, the Spanish-Egyptian businessman, was an adviser to former president Hosni Mubarak and was accused of exporting gas to Israel for less than...
(AFP (eng) 05/18/17)
Egypt's prosecution said Wednesday it has handed over to Italian investigators documents requested by Rome to help the probe into the kidnapping and murder last year of an Italian student. Giulio Regeni, a 28-year-old Cambridge University PhD student, disappeared in central Cairo in January last year and his body, bearing signs of torture, was later found by the side of a road. "The Egyptian investigators gave their Italian counterparts the first bunch of documents requested by the Rome prosecution," said...
(CNN 05/17/17)
The Egyptian government is considering radical new proposals to restrict citizens' access to social media. A draft bill circulated in Egyptian newspapers would require users to register with the government to access sites including Twitter and Facebook. Successful applicants would receive a login linked to their national ID. Unauthorized use could result in prison sentences and heavy fines. The draft was authored by MP Reyad Abdel Sattar of the liberal Free Egyptians Party, the largest party in parliament with 65...
(Reuters (Eng) 05/17/17)
Gay and lesbian Africans who fled abuse in their home countries face a "culture of disbelief" which makes their experience of seeking asylum in Britain traumatic, a Nigerian lesbian, gay, bisexual, transgender rights (LGBT) campaigner said. Aderonke Apata, 50, who fled persecution in Nigeria, said the practice of assessing Africans' sexual orientation claims based on Western standards was problematic. "They expect an LGBT person to have used sex toys, to go to gay clubs," Apata, an asylum seeker who founded...
(The Associated Press 05/16/17)
Cairo airport is introducing emergency measures, including quarantine, to prevent the spread of a cholera outbreak in Yemen by flights arriving from the war-torn Arab nation. The Health Ministry said on Tuesday that incoming passengers and returnees would face screenings to ensure that they do not carry the illness, and airport and port controls would be tightened. Cairo is a main connecting point for Yemen, with flights to and from the capital, Sanaa, and other areas. However, the civil war...
(Reuters (Eng) 05/13/17)
Tackling climate change in Africa could help resolve multiple problems ravaging the continent, from drought to refugees and violence, the head of the African Union said on Friday. The mix of global warming with economic woes and political conflicts keeps peace from taking hold, said Moussa Faki Mahamat, the Union's new chairman, at Chatham House, an international think tank. "There is a link between climate change and prosperity, as well as peace, on the continent," Mahamat said in French with...
(AFP (eng) 05/12/17)
An Egyptian Muslim cleric has been barred from preaching and is set to appear before a court for saying Christians and Jews followed corrupt religions and would not go to heaven. Salem Abdel Galil, a former religious endowments ministry official, had made the remarks on a television show he hosts, sparking a backlash in a country reeling from deadly church bombings by Islamist extremists. The endowments ministry, which controls the country's mosques, said Abdel Galil would not be allowed to...
(BBC News Africa 05/12/17)
Officials in Poland say a Polish tourist who died in an Egyptian resort last month may have been a victim of human trafficking and organised crime. The Polish tourist, named in media reports as Magdalena Zuk, travelled alone to the Red Sea resort of Marsa Alam at the end of April. Days later, she plunged to her death from a hospital window. Egyptian security sources and medical staff say the 27-year-old woman took her own life. There has been speculation...

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(Al-Monitor 05/23/17)
Egypt has drafted a bill that would impose hefty fines on people who harass tourists as part of efforts aimed at attracting additional tourists to Egypt and reinvigorating the country’s struggling tourism industry. The draft law stipulates that a tourist harasser could receive a fine ranging from 3,000 Egyptian pounds to 10,000 Egyptian pounds ($166-$555), state television quoted Antiquities Minister Khaled El-Anani as saying. “The draft law ensures that if tourists are annoyed, their harassers will get a maximum fine of 10,000 Egyptian pounds,” El-Anani was quoted as saying in local media. He said that the punishment is delineated in a new article introduced to the Antiquities Law, which was issued in 1983. “The draft...
(Reuters (Eng) 05/22/17)
Egypt's central bank raised its key interest rates by 200 basis points on Sunday, citing stronger economic growth and falling unemployment, confounding the expectations of economists who forecast rates were unlikely to change. At a meeting of its Monetary Policy Committee, the bank hiked its overnight deposit rate to 16.75 percent from 14.75 percent and its overnight lending rate to 17.75 from 15.75 percent, it announced in a statement. This was the bank's first increase in rates since an aggressive hiked of 300 basis points in November. Egypt floated its currency in November and it has roughly halved in value since then. The move helped it clinch a three-year $12 billion International Monetary Fund lending program tied to ambitious reforms...
(Reuters (Eng) 05/22/17)
Countries in sub-Saharan Africa need to get their budgets in order, diversify their economies and look after their poorest people. If they do that, there is no reason why the region cannot have the strong growth needed to meet the aspirations of a young and growing population. That, at least, is the three-pillared prescription from the International Monetary Fund as expressed by one of its top Africa researchers, Celine Allard, in an official IMF blog post and podcast. Allard co-authored...
(Egyptian Streets 05/19/17)
The Egyptian Parliament’s Energy and Environment Committee is discussing a new law that aims to regulate nuclear plants construction in Egypt. The new nuclear law consists of 19 articles, which aims at creating “the executive authority on the supervision of the construction of nuclear power station projects.” Egypt is to establish its first nuclear power plant after signing an agreement with Russia in February 2015. The plant in Dabaa, 130km northwest of Cairo, would have a capacity of 4,800MW. The...
(Reuters (Eng) 05/19/17)
When rich countries wrote off billions of dollars of African debt in 2005, they hoped governments would think twice about borrowing again in costly foreign currencies. Over a decade later, most sub-Saharan African countries still rely on U.S. dollar-denominated debt to finance their economies. Some investors say this is sowing the seeds of future debt crises if local currencies devalue and make dollar debt repayments more expensive. Aside from South Africa and Nigeria, governments have not yet done enough to...
(Bloomberg 05/18/17)
Steinhoff International Holdings NV plans to list its African assets separately as the acquisitive retailer seeks a new prize for shareholders following this year’s failed merger talks with Shoprite Holdings Ltd. The company said Wednesday it will seek to list businesses including clothing retailer Pepkor and furniture chain JD Group Ltd. on the Johannesburg Stock Exchange, about 18 months after moving its primary listing to Frankfurt from the South African commercial hub. The new business could be worth as much...
(Bloomberg 05/17/17)
Egypt expects inflation to remain above 20 percent next year, as authorities plan an aid package to help lower-income citizens cope with the price surge resulting from the steep weakening of the pound over the past seven months. The planned “social package” to be announced soon, will target public servants, low-income tax payers and recipients of food subsidies, Deputy Finance Minister Ahmed Kouchouk said in an interview in the resort town of El Gouna on Tuesday. Kouchouk said inflation will...
(Reuters (Eng) 05/17/17)
Egyptian President Abdel Fattah al-Sisi said he expected that recently discovered gas fields would save Egypt about $3.6 billion yearly as they start coming into production, state-run newspapers reported on Tuesday night. Egypt wants to speed up gas production from newly-discovered fields, with an eye to halting imports by 2019. Once an energy exporter, it has become an importer after domestic output failed to keep pace with rising demand in recent years, but the discovery of the 850 billion-cubic meter...
(Bloomberg 05/17/17)
Egyptian President Abdel-Fattah El-Sisi said his government will enact sweeping measures to help families struggling with rising prices as they brace for the Muslim holy month of Ramadan with inflation already at the highest level in at least two decades. The measures include tax breaks and increasing subsidized food, El-Sisi said in an interview published in Wednesday’s edition of the state-run Al-Ahram newspaper. Food prices usually increase in Ramadan, which starts later this month, with Muslims typically breaking their fast...
(Bloomberg 05/17/17)
The U.S. is getting a chance of selling wheat to Egypt as the world’s biggest buyer tenders today. For France, the outlook isn’t so promising. U.S. wheat represented two of the five lowest offers to Egypt including freight, according to two traders involved who asked not to be identified because they’re not authorized to speak to the media. While French wheat was offered, a change in the protein specifications and higher prices due to the stronger euro makes a sale...
(Daily News Egypt 05/17/17)
It is a confusing question: Who is responsible for Egypt’s image? Perhaps the mystery lies in Egypt’s “important cards”, which are capable of producing a “wonderful image”, but the new image of Egypt is usually “temporary”. The investment conference in Sharm El-Sheikh created an “attractive atmosphere”, however the Egyptian government did not complete it. It is a confusing question: Who is responsible for Egypt’s image? Perhaps the mystery lies in Egypt’s “important cards”, which are capable of producing a “wonderful...
(Bloomberg 05/16/17)
When the impoverished West African nation of Niger imposed a ban on donkey exports last year, a small community of traders just over the border in Nigeria was devastated. “Before the ban, you could see thousands of donkeys here,” said Mohammed Sani, a 45-year-old trader in the Nigerian town of Jibiya, as he wiped the sweat off his brow. “Now look at them: there’s no more than 50, crippling the business.” Donkeys are being slaughtered at an alarming pace to...
(AFP (eng) 05/13/17)
The International Monetary Fund said Friday it will release the second tranche of a $12-billion loan to Egypt, in a "vote of confidence" in the country's economic reform programme. The amount of $1.25 billion must still be endorsed by the IMF board following an "expert-level agreement" announced after a visit to Cairo, an IMF statement said. According to Egypt's finance minister, Amro al-Garhi, the tranche should be disbursed in the second half of June. "This agreement is a vote of confidence by the IMF staff in the continued implementation of the Egyptian authorities' programme" on economic reform, the IMF statement said. Ratings agency Standard and
(The East African 05/11/17)
A deal between Egypt, Ethiopia and Sudan signed in December 2015 whereby the three countries agreed to end tensions over River Nile water faces an unclear future due to ongoing tensions between Egypt and Sudan. The two downstream countries at the end of April agreed to de-escalate tensions and end counter-accusations as well as import bans and deportations had brought relations between the two countries to tipping point. As the two neighbours bicker, Ethiopia continued its quest to bring Nile...
(Reuters (Eng) 05/11/17)
Egypt's revenue from the Suez Canal was $853.7 million in April and March, 4.1 percent higher than the same period a year earlier, the Suez Canal Authority said in a statement on Wednesday. The statement did not give a breakdown for April but Suez Canal Authority Chairman Mohab Mameesh said on March 31 that revenues came to $423.9 million in March. Officials from the authority were not available for comment. The canal is the fastest shipping route between Europe and...
(Reuters (Eng) 05/11/17)
BP has started gas production from two fields in its West Nile Delta development off Egypt's coast, the second of seven projects the oil and gas company plans to launch this year. The Taurus and Libra fields, commissioned eight months ahead of schedule and under budget, are currently producing 700 million standard cubic feet of gas a day to the Egyptian national gas grid, BP said in a statement. The West Nile Delta development includes five offshore gas fields which...
(Reuters (Eng) 05/10/17)
Egypt's inflation rose to a three-decade high in April, piling pressure on the government to keep a lid on prices as it embarks on politically sensitive economic reforms likely to push them higher. Import-dependent Egypt has been hit by soaring inflation since it floated its currency in November, allowing it to roughly halve in value. The float marked the opening salvo in a three-year, $12 billion International Monetary Fund reform programme that includes tax hikes and subsidy cuts. Annual urban inflation rose in April to 31.5 percent from 30.9 percent in March, the official statistics agency, CAPMAS, said. That was the highest since June 30, 1986, when it reached 35.1 percent
(Bloomberg 05/10/17)
Egyptian banks are lifting restrictions on customers’ overseas credit card purchases, the latest indication that a foreign-currency crunch that crippled the economy is easing. State-run Banque Misr, Egypt’s second-biggest lender, is removing curbs imposed last year on purchases, while keeping limits on foreign-currency cash withdrawals, the official Middle East News Agency reported on Tuesday, without giving details. It follows similar moves by the National Bank of Egypt and Commercial International Bank, MENA said. Egyptian banks restricted the usage of credit...
(Bloomberg 05/10/17)
Egypt’s monthly inflation rate fell for a third month, giving the government breathing space as it prepares to accelerate reforms that caused prices to surge and weakened the pound by more than half against the dollar. Consumer prices rose 1.7 percent in April from a month earlier, the slowest pace since October -- before the central bank floated the currency and raised interest rates as it tried to end a dollar shortage and secure a $12 billion International Monetary Fund...
(Reuters (Eng) 05/08/17)
Morocco's Attijariwafa Bank (ATW.CS) paid twice book value to acquire Barclays' Egyptian business and hopes the acquisition will enable it to increase its market share in Egypt to 5 percent within five years, the Moroccan bank's CEO said. The bank plans to rename the unit Attijari Bank Egypt and raise its profile in Egypt, CEO Mohamed El Kettani said. Britain's Barclays (BARC.L) reached a deal last year to sell its Egyptian banking unit to Attijariwafa Bank, one of Morocco's largest...

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(AFP (eng) 05/24/17)
Cameroonian city Garoua proved a happy hunting ground once again for Al Ahly of Egypt as they beat Coton Sport 2-0 on Tuesday in the CAF Champions League. Moemen Zakareya created the first goal for Nigerian Junior Ajayi after 12 minutes and scored the second two minutes later in Group D at Stade Omnisports. Record eight-time African champions Ahly clinched the 2008 title in Garoua by forcing a 2-2 second-leg draw with Coton having built a two-goal lead at home. The Cairo Red Devils returned to the centre of the northern Cameroon cotton industry in 2014 and won 1-0 in a CAF Confederation Cup semi-final first leg. Ahly went on to lift the trophy, one...
(AFP (eng) 05/17/17)
Shaimaa Haridy smashed the Islamic Solidarity Games records as she cruised to women's +90kg victory in the final session of the weightlifting on Wednesday, while teammate Dina Barakat made it two for Egypt. Haridy won without breaking sweat with a record 275kg overall, before the -90kg clean and jerk record was broken twice as Barakat prevented Clementine Meukeugni Noubissi from claiming Cameroon's first ever gold medal at the Games. Haridy was always going to win the title if she could just make a good lift in both disciplines. The 26-year-old narrowly missed out on an Olympic medal last summer in Brazil as she finished fourth, but there was never going to be a repeat of that in Baku with only...
(AFP (eng) 05/16/17)
Egypt boosted their hopes of increasing a disappointing medal tally at the fourth Islamic Solidarity Games as two of their boxers reached the semi-finals on Tuesday. Eslam Mohamed and Abdelrahman Abdelgawwad both overcame Algerian opposition to guarantee themselves at least a bronze medal in the light-welterweight (64kg) and light-heavyweight (81kg) categories respectively. Egypt have so far claimed just four gold medals in Baku, a far cry from the 26 they picked up at the 2013 Solidarity Games in Indonesia. Mohamed...
(AFP (eng) 05/13/17)
Nigerian Stanley Okawuchi scored a soft late goal to ensure Zamalek of Egypt made a winning start Friday in the CAF Champions League group phase. The five-time champions scored twice in the second half to overcome plucky CAPS United of Zimbabwe 2-0 during matchday 1 in Mediterranean city Alexandria. Several squandered chances and acrobatic saves from CAPS goalkeeper Edmore Sibanda kept the Group B clash goalless until half-time at the Borg Al Arab Stadium. But Sibanda was at fault for...
(AFP (eng) 03/16/17)
Africa will host a Commonwealth Games one day despite the blow of Durban being stripped of hosting the 2022 edition, David Grevemberg, the chief executive of The Commonwealth Games Federation (CGF), told AFP. Durban lost the right to host the Games on Monday -- just 18 months after being awarded them -- when it failed to meet criteria laid down by the CGF, primarily over costs. "I wouldn't want to make a judgement call," Grevemberg told AFP on the sidelines...
(AFP (eng) 02/20/17)
An Egyptian court upheld Monday death sentences against 10 people convicted over rioting that claimed 74 lives at a stadium in Port Said in 2012, judicial and security officials said. The ruling by the Court of Cassation, which is final, excluded an 11th defendant who remains at large after his death penalty was also confirmed in June 2015 by another court. The court also upheld sentences of life imprisonment for 10 people and five years for 12 others, including Port...
(Xinhuanet 02/13/17)
Nigeria and Egypt will lead 14 other African countries to this year's International Table Tennis Federation (ITTF) World Championships holding in Dusseldorf, Germany. The qualification of the participating teams was based on their attendance of continental tournament held in Agadir, Morocco in 2016, while other African countries that will join Nigeria and Egypt for the tournament are Algeria, Botswana, Cameroon, Congo Brazzaville, Cote d'Ivoire, Gabon, Libya, Morocco, South Africa, Senegal, Sierra Leone, Sudan, Togo and Tunisia. According to the list...
(AFP (eng) 02/10/17)
Up to 18 players at the just-completed Africa Cup of Nations could be involved in the new-look CAF Champions League when it kicks off this weekend. Among them is Georges Bokwe, one of two unused goalkeepers in the Cameroon squad that defeated Egypt in the final last Sunday in Gabon. Bokwe was kept out of the starting line-up by the consistent brilliance of Spain-based Fabrice Ondoa, who was included in the team of the tournament. But Bokwe is the first...
(BBC News Africa 02/07/17)
Egypt coach Hector Cuper has been assured he has the full support of the Egyptian Football Association after losing the Africa Cup of Nations final. The Pharaohs were beaten 2-1 by Cameroon on Sunday. "He will stay as head coach, we like what he is doing with the team," said EFA president Hany Abo Rida. "We are in a good place in World Cup qualification and we dream we can reach the tournament in Russia in 2018. We all support...
(AFP (eng) 02/06/17)
Vincent Aboubakar came off the bench to score a stunning winner with two minutes left as Cameroon fought back from behind to beat Egypt 2-1 in a thrilling Africa Cup of Nations final on Sunday. Arsenal midfielder Mohamed Elneny had given Egypt the lead midway through the first half and Egypt looked to be on course to win an unrivalled eighth Cup of Nations crown in their first appearance at the tournament since 2010. But Nicolas Nkoulou, who had come off the bench in the first half, headed in the equaliser just before the hour mark and fellow substitute Aboubakar slammed in the winner in the 88th minute.
(AFP (eng) 02/04/17)
Cameroon and Egypt are both aiming to cap remarkable revivals by winning the Africa Cup of Nations when they meet in a final that few thought possible in Libreville on Sunday evening. These are two of the most successful nations in the 60-year history of the competition, with Egypt unrivalled on seven titles and Cameroon, four-time winners, just behind alongside Ghana. But at the outset of the tournament in Gabon it was the likes of Algeria, Senegal and defending champions...
(AFP (eng) 02/04/17)
When Essam El Hadary, the Egypt goalkeeper who will start in Sunday's Africa Cup of Nations final, made his international debut, his current teammate Ramadan Sobhi had not yet been born. First capped in 1996, El Hadary was the man whose saves in a penalty shoot-out against Burkina Faso on Wednesday took the Pharaohs through to a date with Cameroon in Libreville. The combined age of the two Burkinabe players he thwarted -- Bertrand Traore and goalkeeper Herve Koffi are...
(BBC News Africa 02/03/17)
Egypt goalkeeper Essam El Hadary foresaw that he would save the penalties that took his side through to the Africa Cup of Nations final. The 44-year-old kept out Burkina Faso's last two spot-kicks to win the shootout for Egypt in Wednesday's semi-final. "I had a feeling that I was going to save the final two penalties," he said. "When we went to the shootout, our 2006 title win crossed my mind," he added, recalling his penalty shootout save from Didier...
(AFP (eng) 01/31/17)
Weariness will worry Egypt as they seek to extend an Africa Cup of Nations semi-finals winning streak to six matches by beating Burkina Faso in Libreville Wednesday. Surprise survivors Burkina Faso overcame Tunisia in the first quarter-final last Saturday evening, more than 24 hours before Egypt edged Morocco in the last. Many pundits believe this could give the west Africans an advantage at Stade de l'Amitie in the Gabonese capital, especially if the match went to extra time. Argentina-born Egypt...
(AFP (eng) 01/30/17)
Mahmoud Kahraba's late goal allowed Egypt to beat Herve Renard's Morocco in the Africa Cup of Nations quarter-finals on Sunday as they joined Ghana in completing the line-up for the last four. Kahraba came off the bench in the second half in Port-Gentil and stabbed home from inside the six-yard box in the 88th minute, just as extra time looked inevitable. The dramatic finish came after the Ayew brothers, Jordan and Andre, both scored to give Ghana a 2-1 win...
(AFP (eng) 01/28/17)
Sunday's Africa Cup of Nations quarter-final between Egypt and Morocco is set to be a classic battle of managerial minds, bringing together a two-time winner of the trophy in Herve Renard and wily Hector Cuper. While Frenchman Renard has become a fixture on the African scene, and a successful one at that, the 61-year-old Argentine Cuper is sampling a major international tournament for the first time. Appointed in 2015, Cuper was charged with the daunting task of making the record...
(AFP (eng) 01/26/17)
Mohamed Salah's thumping early free-kick gave Egypt a 1-0 win against Ghana on Wednesday as they sealed their place in the quarter-finals of the Africa Cup of Nations. The record seven-time winners of the competition came into the game in Port-Gentil only needing a draw to be certain of going through but the victory at a barely half-full stadium allowed them to leapfrog already-qualified Ghana and finish on top of Group D. Hector Cuper's solid side, who have not conceded...
(AFP (eng) 01/24/17)
Seven-time champions Egypt face Ghana in Port-Gentil on Wednesday looking for the result that will see them join their opponents in qualifying for the Africa Cup of Nations quarter-finals. The Pharaohs need only draw the game, which kicks off at 8pm (1900 GMT), in the Gabonese port city to be certain of progressing to the last eight, although if Mali fail to beat Uganda they will be through anyway. Meanwhile, a win for Hector Cuper's side would allow them to...
(AFP (eng) 01/24/17)
Ahmed Elmohamady knows what it takes to win the Africa Cup of Nations and the Hull City man is quietly confident that Egypt can go all the way again on their long-awaited return to the tournament. Elmohamady is only 29 but the flying wing-back is a comparative veteran in a young Egypt squad taken to Gabon by the wily Hector Cuper. He is also one of only four survivors from the side that won a third consecutive Cup of Nations...
(AFP (eng) 01/20/17)
Ghana can secure a place in the quarter-finals of the Africa Cup of Nations with a group game to spare if they beat Mali in Group D in Port-Gentil on Saturday. Avram Grant's side, beaten on penalties by the Ivory Coast in the 2015 final, set themselves up nicely in this year's tournament by edging out Uganda 1-0 courtesy of an Andre Ayew spot-kick in their opening match on Tuesday. It was not a vintage performance from the Black Stars...

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(AFP (eng) 05/24/17)
The first of the many wondrous artefacts found in Egyptian boy king Tutankhamun's tomb were transported carefully through Cairo's streets on Tuesday to their new home near the Giza Pyramids. The still unfinished new Grand Egyptian Museum at the foot of the pyramids will eventually house the collections of the current brimming museum in the city's Tahrir Square. A gilded bed and a funeral chariot from Tutankhamun's tomb -- discovered by British archaeologist Howard Carter in 1922 -- were transferred on Tuesday, well packed in wooden containers complete with materials to protect them from both heat and vibration. Two trucks bearing the ancient treasures pulled up at the new Grand Egyptian Museum shortly before 1600...
(AFP (eng) 05/24/17)
The legendary treasure of ancient Egypt's boy king Tutankhamun, whose tomb British archaeologist Howard Carter discovered in the Valley of the Kings near Luxor in 1922, is shrouded in mystery. - A hoard uncovered intact - The tomb of Tutankhamun, who died aged 19 in 1324 BC after nine years on the throne, is pharaonic Egypt's only mausoleum found so far with its burial artefacts intact. Many other resting places of pharaohs and dignitaries had been pillaged by tomb robbers down the centuries. But in this case, a hoard of more than 4,500 objects laid out across five rooms included thrones, statues, furniture and weapons. Among them are a gilded bed featuring posts made of carved lion heads, a chariot...
(AFP (eng) 05/13/17)
Egyptian archaeologists have discovered 17 mummies in catacombs in Minya province, south of Cairo, the antiquities ministry announced on Saturday. "We found catacombs containing a number of mummies," said Salah al-Kholi, a Cairo University professor of Egyptology who headed the mission that made the discovery in the Touna el-Gabal district of the province in central Egypt. Burial shafts were found in the area and excavation work "revealed that these shafts led to a number of corridors inside a cachette of...
(The Associated Press 05/12/17)
Ballet dancer Fady el-Nabarawy feels he can finally breathe again the moment he enters the gates of the Cairo Opera House after a commute from his ramshackle, poor neighborhood. This is where he and his fellow dancers practice, perform, love and create. “Every day, I cannot wait to come here. My oxygen is here,” he said. Ballet is in its own bubble in Egypt, removed from the surrounding society. The elite Western art form is far from Egypt’s own rich...
(The Associated Press 05/08/17)
Archaeologists and conservation experts met in Cairo on Sunday to discuss the safe transportation of King Tutankhamun's throne, chests and bed from the Egyptian Museum in central Cairo to a new one being built on the other side of the Egyptian capital. The meeting, organized by the Egyptian Ministry of Antiquities, brought together experts from Egypt, France, Spain, Germany, Switzerland, Denmark and Japan. Tareq Tawfiq, a senior ministry official in charge of the new museum, told The Associated Press that...
(The Associated Press 05/04/17)
Egypt's antiquities ministry says that a Spanish archaeological mission has discovered a nearly 4000-year old funerary garden in the southern city of Luxor. In a Wednesday statement, the ministry said the rectangular-shaped garden was found during excavations in an open courtyard of a rock-cut tomb belonging to the Middle Kingdom of ancient Egypt. The garden is divided into four squared sections. Each covers 30 square centimeters and is believed to have contained different kinds of plants and flowers. The head...
(Reuters (Eng) 04/20/17)
Egypt has unveiled a massive granite statue of Ramses II, the most powerful and celebrated of the ancient Pharaohs, after completing its restoration. Standing 11 meters (36 feet) tall and weighing 75 tons, the statue was presented in a floodlit ceremony at the Luxor Temple on the banks of the Nile on Tuesday evening. When the statue was discovered between 1958 and 1960, it was in 57 pieces. Ramses II, also known as Ramses the Great or Ozymandias, reigned more...
(AFP (eng) 04/18/17)
Egyptian archaeologists have unearthed several mummies, colourful wooden sarcophagi and more than 1,000 funerary statues in a 3,500-year-old tomb near the city of Luxor, hailing an "important discovery". The 18th Dynasty tomb containing at least eight mummies was discovered in the Draa Abul Nagaa necropolis near the famed Valley of the Kings, the antiquities ministry said in a Tuesday statement. It belonged to a nobleman named Userhat who worked as the city judge. It was opened to add more mummies...
(Xinhuanet 04/18/17)
Egypt's antiquities ministry announced Tuesday the unearthing of a funerary collection of a New Kingdom tomb, including mummies and Ushabti figurines, in upper Egypt's Luxor governorate. "An Egyptian archaeological mission working in the Draa Abul Nagaa necropolis on Luxor's west bank unearthed the funerary collection of a New Kingdom tomb of Userhat, the city juror," Dr. Mostafa Waziri, head of the archaeological mission told Xinhua. The new tomb's opening comes as the world celebrates the annual April 18 World Heritage...
(Xinhuanet 04/18/17)
Africa's diaspora is playing a big role in the economic transformation of the continent, the UN said on Tuesday. UN Population Fund (UNFPA) Regional Director Dr Julitta Onabanjo told Xinhua in Nairobi that remittances are important source of income for many African families. "The diaspora therefore complements government efforts to lift many families out of poverty," Onabanjo said on the sidelines of the First Africa-China Conference on Population and Development. Onabanjo said that Africans in the diaspora also bring back...
(AFP (eng) 04/03/17)
The remains of an Egyptian pyramid built around 3,700 years ago have been discovered near the well-known bent pyramid of King Snefru, the antiquities ministry announced Monday. The pyramid from the 13th dynasty was found in Dahshur's royal necropolis, 30 kilometres (20 miles) south of Cairo, it said. "An alabaster... block engraved with 10 vertical hieroglyphic lines" was among the finds, the ministry said, citing Adel Okasha, director general at the necropolis. It said "granite lintel and stoney blocks showing...
(The Guardian 03/31/17)
A supportive documentary about the anti-Mubarak TV satirist Bassem Youssef, whose career followed the same trajectory as the Arab spring. Bassem Youssef is the Egyptian surgeon turned TV satirist who in 2011 became a YouTube celebrity with his homemade broadcasts about Cairo’s Tahrir Square and the anti-Mubarak revolution. This film shows how his career rose and fell with the Arab spring, initially endorsed by the west until the issue became clouded by Islamist insurgency. Youssef is a TV natural: his...
(Middle East Monitor 03/30/17)
Egyptian artist Bahia Shehab and French-Tunisian artist eL Seed have been awarded the UNESCO-Sharjah prize for Arab culture for their innovative use of Arabic calligraphy in street art. Shehab, who is the first woman in the region to receive the award, has said that art can be a tool for change that can encourage people to engage for justice. Her work “No, A Thousand Times No” began with the compilation of 1,000 “nos” as they had been depicted on anything...
(CBS News 03/23/17)
About $50 million worth of artifacts and antiques were shipped from both Egypt and Turkey to the United States in 2016 — the highest annual value from each of those countries in at least 20 years, according to U.S. Census Bureau documents. The artifacts, totaling about $100 million between the two countries, were imported “for consumption” and not for temporary display in a museum, the documents say. Most of the artifacts were shipped to New York City, where numerous antiquities...
(Xinhuanet 03/16/17)
The Egyptian authorities moved on early Thursday morning the recently unearthed three-milennia-old statue believed to be of ancient King Ramses II to the Egyptian Museum in downtown Cairo, official MENA news agency reported. The report said that the 8.5-ton colossus was moved by the armed forces in cooperation with the ministry of antiquities to be initially reassembled and restored at the Cairo museum before being transferred to its final destination at the Grand Egyptian Museum near the Great Pyramids of...
(Reuters (Eng) 03/10/17)
Archaeologists have found an eight-metre statue submerged in ground water in a Cairo slum that they say probably depicts revered Pharaoh Ramses II, who ruled Egypt more than 3,000 years ago. The discovery, hailed by the Antiquities Ministry as one of the most important ever, was made near the ruins of Ramses II's temple in the ancient city of Heliopolis, located in the eastern part of modern-day Cairo. "Last Tuesday they called me to announce the big discovery of a...
(AFP (eng) 03/02/17)
A film raging against colonialism and the exploitation of Africa wowed viewers at the continent's top cinema festival Wednesday, winning shouts of approval at a screening packed to bursting point. "The African Storm" tells the story of an African president who nationalises businesses run by racist, cynical Western executives. Directed and produced by its Beninese star Sylvestre Amoussou, it tackles several hot-button issues including an exit from the CFA franc currency, closer ties with Russia and China as opposed to...
(AFP (eng) 02/27/17)
An African road movie about four women wowed its audience Sunday as it kicked off the Panafrican cinema and television festival (Fespaco), a showcase for the continent's burgeoning film industry. "Borders" ("Frontieres") directed by Apolline Traore, a Fespaco laureate in 2013, sweeps across Africa as its protagonists journey through Senegal, Mali, Burkina Faso and Benin on their way to Nigeria. Along the way the women -- Ivorian, Senegalese, Burkinabe and Nigerian actresses -- are spared nothing as they are beset...
(The Independent 02/14/17)
Hundreds of burial chambers in the north Sudanese desert reveal a hidden history. Sudan has more than twice the number of pyramids you’ll find in Egypt. I know – I couldn’t believe it either. Which is why I had to see for myself. Sure, mention Sudan and most travellers will admit to dismissing it as a war-torn stretch of bland desert – plagued by the genocide and refugee crisis in Darfur, and the ongoing civil war in the new Republic...
(The Telegraph 01/20/17)
Egypt's Museum of Islamic Art will reopen today three years after it was badly damaged by a car bomb that blew up outside a nearby police headquarters. The museum, which is home to one of the world’s most important collections of Muslim art, has been closed since January 2014 when the explosion ripped into the building. The blast damaged 179 artifacts but the museum said its experts had been able to repair all but ten of them. The restored objects...

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(AL Jazeera 05/24/17)
Detention follows complaint that Ali made an 'obscene hand gesture' outside a Cairo court in January, his lawyer says. A prominent Egyptian opposition leader was detained on Tuesday for "offending public decency" amid what rights lawyers say is a wave of arrests of potential presidential candidates one year before an election. Khaled Ali, a human rights lawyer who ran in Egypt's 2012 presidential vote, was questioned by the prosecution and ordered detained for 24 hours pending investigations, lawyer Gamal Eid told Ahram Online. Ali, who has suggested he might run against President Abdel Fattah el-Sisi in an election slated
(Bloomberg 05/18/17)
Steinhoff International Holdings NV plans to list its African assets separately as the acquisitive retailer seeks a new prize for shareholders following this year’s failed merger talks with Shoprite Holdings Ltd. The company said Wednesday it will seek to list businesses including clothing retailer Pepkor and furniture chain JD Group Ltd. on the Johannesburg Stock Exchange, about 18 months after moving its primary listing to Frankfurt from the South African commercial hub. The new business could be worth as much as 60 billion rand ($4.5 billion), said Evan Walker, a money manager at 36one Asset Management in Johannesburg, although the valuation could also be as low as 40 billion rand depending on how much debt Steinhoff puts into the vehicle...
(Bloomberg 05/17/17)
Egypt expects inflation to remain above 20 percent next year, as authorities plan an aid package to help lower-income citizens cope with the price surge resulting from the steep weakening of the pound over the past seven months. The planned “social package” to be announced soon, will target public servants, low-income tax payers and recipients of food subsidies, Deputy Finance Minister Ahmed Kouchouk said in an interview in the resort town of El Gouna on Tuesday. Kouchouk said inflation will...
(Bloomberg 05/17/17)
Egyptian President Abdel-Fattah El-Sisi said his government will enact sweeping measures to help families struggling with rising prices as they brace for the Muslim holy month of Ramadan with inflation already at the highest level in at least two decades. The measures include tax breaks and increasing subsidized food, El-Sisi said in an interview published in Wednesday’s edition of the state-run Al-Ahram newspaper. Food prices usually increase in Ramadan, which starts later this month, with Muslims typically breaking their fast...
(CNN 05/17/17)
The Egyptian government is considering radical new proposals to restrict citizens' access to social media. A draft bill circulated in Egyptian newspapers would require users to register with the government to access sites including Twitter and Facebook. Successful applicants would receive a login linked to their national ID. Unauthorized use could result in prison sentences and heavy fines. The draft was authored by MP Reyad Abdel Sattar of the liberal Free Egyptians Party, the largest party in parliament with 65...
(Bloomberg 05/17/17)
The U.S. is getting a chance of selling wheat to Egypt as the world’s biggest buyer tenders today. For France, the outlook isn’t so promising. U.S. wheat represented two of the five lowest offers to Egypt including freight, according to two traders involved who asked not to be identified because they’re not authorized to speak to the media. While French wheat was offered, a change in the protein specifications and higher prices due to the stronger euro makes a sale...
(BBC News Africa 05/12/17)
Officials in Poland say a Polish tourist who died in an Egyptian resort last month may have been a victim of human trafficking and organised crime. The Polish tourist, named in media reports as Magdalena Zuk, travelled alone to the Red Sea resort of Marsa Alam at the end of April. Days later, she plunged to her death from a hospital window. Egyptian security sources and medical staff say the 27-year-old woman took her own life. There has been speculation...
(Bloomberg 05/10/17)
Egyptian banks are lifting restrictions on customers’ overseas credit card purchases, the latest indication that a foreign-currency crunch that crippled the economy is easing. State-run Banque Misr, Egypt’s second-biggest lender, is removing curbs imposed last year on purchases, while keeping limits on foreign-currency cash withdrawals, the official Middle East News Agency reported on Tuesday, without giving details. It follows similar moves by the National Bank of Egypt and Commercial International Bank, MENA said. Egyptian banks restricted the usage of credit...
(Bloomberg 05/10/17)
Egypt’s monthly inflation rate fell for a third month, giving the government breathing space as it prepares to accelerate reforms that caused prices to surge and weakened the pound by more than half against the dollar. Consumer prices rose 1.7 percent in April from a month earlier, the slowest pace since October -- before the central bank floated the currency and raised interest rates as it tried to end a dollar shortage and secure a $12 billion International Monetary Fund...
(Fox News 05/10/17)
After five years of no major attacks on merchant vessels, piracy around the Horn of Africa seemed to be on hiatus. Acts of piracy in those treacherous waters have fallen sharply since 2012, according to statistics released by the United States Navy. The Navy credits aggressive patrolling by international forces and increased vigilance by the commercial shipping industry for the decrease. However, in the past month, Somali pirates have intercepted five ships, raising concerns that piracy has returned to the...
(AL Jazeera 05/09/17)
The Brotherhood's Mohammed Badie and two other prominent leaders sentenced to life in 'Rabaa operations room' retrial. An Egyptian court has sentenced the Muslim Brotherhood's supreme guide Mohammed Badie and two prominent leaders of the group to life in prison for "planning violent attacks", judicial officials and a lawyer said. Badie and 37 others connected to the "Rabaa operations room" case are accused of conspiring to stir unrest during protests that followed the July 2013 military-led overthrow of Egypt's former...
(Washington Post 05/09/17)
Human rights organizations recently reported that activists in Egypt have disappeared after they were stopped at government checkpoints. In Syria, the regime has disappeared thousands in the midst of its brutal civil war. Repressive states in the Middle East have increasingly added the “disappearing” of regime opponents to their means of violence. Enforced disappearance is the state’s refusal to acknowledge that it is holding a person it has detained or to disclose the fate of that person. The United Nations...
(Bloomberg 05/08/17)
With its finances in tatters, a credit upgrade was out of the question for Egypt before it secured an IMF loan agreement. Fast-forward six months, and it’s already won promotion in the bond market. Egypt’s dollar bonds have sprung back this year, driving its borrowing costs to the lowest level since 2015. That has lifted the market perception of Egyptian risk above that of some ratings assessors. The nation’s debt has had an implied rating of B2 or better for...
(CBS News 05/08/17)
CAIRO -- Twenty million people compete for space on the crowded roads of Cairo, Egypt -- and while getting a driver's license there is easy, many drivers have no formal training. But there soon could be change coming down the road. Eman Gatamiy tried getting driving lessons from her husband. But that didn't quite work out. "I ask the internet, okay," Gatamiy told us. Like many Egyptian women, Eman wasn't willing to be alone in a car with a male...
(Voice of America 05/05/17)
As Africa grapples with a severe drought, and famine threatens millions of people, experts at the World Economic Forum on Africa this week in the South African city of Durban say food security needs to be a major part of discussions on advancing the continent economically. The annual World Economic Forum in Switzerland is usually a high-powered event, but at this week’s Africa meeting of the international organization, the continent’s big players are welcoming the humble farmer, now known as...
(The Independent 05/04/17)
Egyptian police and soldiers are now attacked daily and civilians are disappearing, either for fear of Isis or because they are seized by the army’s ‘collaborators’. Counter-insurgency wars – struggles against “terrorism” – always breed corruption and counter-murder. And now the Egyptian army is following the same contaminated path as many of its neighbours by using a killer-militia in its war against Isis in Sinai. Most armies have proxy allies who can act as informants and treat civilians with brutality...
(Voice of America 05/03/17)
African military expenditures have finally slowed down after more than a decade of steady increases, according to a new report on global defense spending. The main reason, the report found, is a drop in oil prices. “The sharp decreases in oil prices has affected quite a number of African countries, namely South Sudan and Angola. This has kind of driven almost the entire regional trend,” said Nan Tian, a researcher at the Stockholm International Peace Research Institute’s (SIPRI) Arms and...
(AL Jazeera 05/02/17)
No responsibility claim for incident in busy Cairo district, the latest in a long line of attacks on security forces. Three Egyptian police officers have been killed in a drive-by-shooting in Cairo by men armed with machine guns, according to the country's interior ministry. Two cars approached a police patrol in the busy neighbourhood of Nasr City late on Monday before opening fire at the officers. Five others were wounded in the incident. The interior ministry did not specify how...
(Bloomberg 05/02/17)
Saudi Aramco is seeking to boost its fuel-trading volume by more than a third as the world’s biggest crude exporter expands its capacity to refine oil to grab a bigger share of growing markets in Asia and Africa. Aramco, as Saudi Arabian Oil Co. is known, is building refineries in the kingdom and in Asia to help it increase sales and purchases of gasoline, diesel and other products to more than 2 million barrels a day, said Ibrahim Al-Buainain, chief...
(Voice of America 04/28/17)
A bipartisan panel of experts on Egypt-U.S. relations is urging Congress to rethink its annual $1.5 billion aid package to Cairo as the country fails to improve its human rights record. The experts argued Egypt, under President Abdel-Fattah el-Sissi, is a military-run state, with no respect for human rights and rampant with government-sponsored anti-Americanism. The scholars made their comments at a recent hearing of the Senate Appropriations Committee. Michele Dunne, director of the Middle East Program at the Carnegie Endowment...

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