Saturday 19 August 2017
(Egypt Independent 07/31/17)
The Egyptian government has set a population control target of 112 million people in Egypt by 2030. The plan is through the implementation of a ‘Family Planning’ strategy, that aims to regulate birth rates, Health Minister Ahmed Emad Al Din said. The minister’s statement was part of his speech during the Health Ministry’s ceremony of the International Population Day in 2017 in the presence of state officials such as Education, Social Solidarity ministries. According to the state-run newspaper of Al-Ahram, the Health Minister stated that not implementing a strategy will lead to the population growth of 128 million people in Egypt by 2030. The Health Ministry celebration of International Population Day was to stress that Egypt’s progress will not take...
(Daily News Egypt 07/31/17)
Floating currency served as a boost to lure foreign investment. Egypt’s stock market is among the best in the world in the four previous year as investors shift to emerging markets, the market’s chairperson Mohammed Omran said on Sunday on the sidelines of a press conference in Cairo. Omran added that the stock market is expected to be on the rise in the coming period, boosted by currency flotation last November. “Foreign investors have bought a net amount of EGP 11bn ($615.90m) worth of shares since the country floated its currency last November,” Omran confirmed. The Central Bank of Egypt (CBE) floated the Egyptian pound in November to attract foreign capital after years of political instability drained the country’s reserves,...
(Reuters (Eng) 07/31/17)
An Egyptian man who stabbed three foreign tourists to death and wounded three more earlier this month at a Red Sea resort had tried to join Islamic State, according to a police investigation, two security sources said on Sunday. Officials say Abdel Rahman Shaban Abokorah killed two German women and a Czech woman and wounded three other tourists at the popular Red Sea resort of Hurghada on July 14. He was caught by hotel staff and arrested. Investigators have recommended he face terrorism charges, the two sources said. Authorities have so far not commented officially on motives for the attack, and no group has claimed responsibility for the attack, The two sources confirmed a Facebook page belonging to the attacker...
(Daily News Egypt 07/31/17)
The government aims to import 7 million tons of wheat in 2017-2018. Egypt, the world’s largest wheat buyer, will launch a new subsidised bread system on 1 August, including the liberalisation of flour and diesel prices for bakeries, in a move the government says it aims at cracking down on smuggling and improving the quality of bread. The new system, signed on Saturday by the Ministry of Supply, wheat mills, and the Chamber of Commerce’s bakeries department, stipulates that the Public Authority of Supply will sell wheat at EGP 4,000 per tonne to the mills that will sell the flour at EGP 4,700 per tonne, provided that these prices will be reviewed every three months. Supply Minister Aly Meselhi said...
(Andalou Agency 07/28/17)
Most get 25 years for violence in wake of 2013 military coup, which led to a crackdown on dissent, and mass killings, arrests. An Egyptian military court on Thursday handed down sentences ranging from seven to 25 years to 70 civilians convicted of committing violence after the 2013 military coup, according to a lawyer for the defendants. "The military court in Asyut Governorship [south] sentenced 58 civilians to life in prison after being convicted of storming and burning the Magaga Police Station in Minya Governorship," effectively giving them a 25-year sentence, said Khaled al-Koumi, a member of the defendants’
(Reuters (Eng) 07/28/17)
Barclays reported a 1.2 billion pound ($1.57 billion)attributable first half loss on Friday after taking a 2.5 billion pound hit from the sale of its Africa business and calling an end to its restructuring. The British bank said it had made a 1.4 billion pound loss on the sale of 33 percent of Barclays Africa Group, and took a further 1.1 billion pound impairment charge on the sale. Barclays in June cut its stake in Barclays Africa Group to 15 percent, ending more than 90 years as a major presence in the continent as it shifts its focus back to Britain and the United States. The losses from the sale of unwanted assets including the Africa business showed the costs...
(AFP (eng) 07/27/17)
Egypt has created a "national council" to combat the rise of Islamist "terrorism" which has targeted its security forces and Coptic Christian minority, in a presidential decree issued on Wednesday. The decree, published in Egypt's official gazette, sets up a "national council to combat terrorism and extremism" by adopting a "global national strategy". The council is to be chaired by President Abdel Fattah al-Sisi and will comprise the sheikh of Al-Azhar, the highest Sunni religious authority in Egypt, and its Coptic pope, as well as the parliament speaker, premier and cabinet members, including the youth and sports minister. A primary task of the high-powered panel will be to develop "job opportunities in the regions hit by extremism", to examine the...
(Daily News Egypt 07/27/17)
Jordan and Egypt will be signing memorandums of understanding on Thursday. Egyptian Minister of Investment and International Cooperation Sahar Nasr has discussed with the Jordanian Minister of Trade and Industry, Yarub Qudah, the possibility of establishing a union for brokerage companies working in the Egyptian-Jordanian field of securities to be based in the Jordanian capital, Amman. The two sides have also discussed encouraging dual registration of companies already registered in the stock exchange in order to represent the legislation controlling Arab capital markets as well as to consider establishing an Egyptian-Jordanian shareholding company to produce and manufacture LED lamps. The two parties looked into enhancing cooperation between both countries in the field of entrepreneurship, as well as putting forward the...
(Reuters (Eng) 07/27/17)
Qatar has turned down several requests by third-party traders to make fresh liquefied natural gas (LNG) supplies available to Egypt, raising concerns that a diplomatic row between the countries may curb regional energy trade, sources said. Top LNG producer Qatar supplies around 60 percent of Egypt's LNG but relations suffered after Saudi Arabia, the United Arab Emirates, Bahrain and Egypt cut ties and imposed sanctions on the gas-rich Gulf state last month, accusing it of supporting terrorism. Doha denies the charges. Since then, requests by at least two companies to ship additional LNG from Qatar to Egypt have been rejected without explanation, trade sources familiar with the talks have said. Qatar's reluctance to expand LNG trade with Egypt contrasts with...
(Reuters (Eng) 07/27/17)
U.S. officials are discussing whether to withhold a portion of U.S. assistance to Egypt to protest Egyptian passage of a law that imposes restrictions on non-governmental organizations, a senior administration official said on Wednesday. Officials have not reached an agreement on whether to proceed with a recommendation to President Donald Trump and his senior leadership, but there is a feeling that some action is necessary in reaction to the move by Egypt, the official told Reuters. U.S. aid to Egypt has long been sacrosanct. Egypt is one of Washington's closest allies in the Middle East, receiving $1.3 billion in U.S. military aid and about $200 million in economic assistance annually. "We told them over and over again don't do this,...
(Reuters (Eng) 07/27/17)
Egypt established a national council for combating terrorism on Wednesday, giving it broad authority to set policies aimed at "fighting extremism," a presidential decree stated. Egypt has been battling an Islamic State-led insurgency in the Sinai Peninsula that has killed hundreds of soldiers and police officers since 2013, though attacks have increasingly moved into the mainland in recent months. After two deadly church bombings earlier this year claimed by Islamic State that killed at least 44 people, President Abdel Fattah al-Sisi declared a state of emergency and pledged to establish a national council that would root out extremism. Sisi has sought to present himself as an indispensable bulwark against terrorism in the Middle East, but human rights activists say he...
(Xinhuanet 07/27/17)
One militant was killed on Thursday in an Egyptian military raid in North Sinai province bordering Israel and the Palestinian Gaza Strip, the Egyptian military spokesman said in a statement. "The raid killed an extremist and detected and destroyed five hiding places of extremist elements, 23 motorbikes, 14 explosive devices prepared to target patrolling forces," Military Spokesman Tamer al-Refaay said in the statement. Refaay noted that the raid, which took place in cooperation with the air forces and the police, marks the tenth day of a massive security campaign that killed at least 40 militants since its beginning in North Sinai. The raid also seized an amount of weapons, ammunition and some computers and documents related to the extremists, he...
(Reuters (Eng) 07/27/17)
A Czech woman stabbed in an Egyptian holiday resort earlier this month has died, the Czech Foreign Ministry said on Thursday. The woman was among the victims of an Egyptian man who fatally stabbed two Germans and wounded four other tourists at the Hurghada resort on the Red Sea on July 14. She had been on life support and Egyptian doctors concluded after a CT scan on Wednesday that she was effectively brain-dead. The woman, who authorities have not identified, died overnight, the ministry said. The incident was the first significant attack on foreign visitors since a similar assault on the same resort more than a year ago, and came as Egypt struggles to revive a tourism industry hurt by...
(Daily News Egypt 07/27/17)
Voltage increased from 220 KV to 400 KV. A high-level official at the Ministry of Electricity said that the electricity exchange with Jordan has declined, due to achieving surplus and self-sufficiency in Jordan, adding that the exchange capacity settled at 50 MW. The source told Daily News Egypt that the total electrical capacity that is exchanged with Jordan and Libya is at 770 MW, but was temporarily suspended due to a surplus in the Jordanian electricity grid. No new capacities have been added to the exchange with Libya due to the political situation. He pointed out that voltage of the exchange lines with Jordan was increased from 200 KV to 400 KV, especially after stabilising loads and securing electrical feed...
(AfricaNews 07/27/17)
At a time when Africa is going through a difficult situation, the blue economy is emerging as a stepping stone to relaunch the continent in the right economic direction. But this type of economy is seriously threatened by “predators” who do not hesitate to plunder resources. The “cancer of illegal fishing” costs Africa about $ 1.6 million annually based on Economic Commission for Africa’s estimates. This and more on this week’s edition segment on Business on the Morning Call with Jean David Mihamle.
(AFP (eng) 07/26/17)
Egyptian police shot dead four militants and arrested two others accused of involvement in the mid-July killing of five policemen, the interior ministry said Wednesday. Egypt's security forces have been the target of repeated attacks by jihadist groups since the army overthrew former Islamist president Mohamed Morsi in 2013. Police had been tracking militants suspected of opening fire on a police car south of Cairo on July 14, leaving a non-commissioned officer, three conscripts and a police employee dead. On Wednesday, the ministry said police had simultaneously approached suspects at two different hideouts in the capital. One group of suspects, in western Cairo's 6th of October district, opened fire as police approached. Four of the militants were killed in the...
(AFP (eng) 07/26/17)
Hala Gamal looks at a pile of rubble on Cairo's Warraq island -- all that's left of her house after a police operation to evict residents accused of squatting on state land. Gamal, 31, said she had left the Nile island in the capital's north on July 16 to buy breakfast. She returned to find her home destroyed and her children on the street. As part of a government campaign to reclaim hundreds of thousands of hectares of state-owned land, police stormed the island and demolished several homes, sparking clashes that left one resident dead. The government says about 90,000 people live on the 420 hectare (1,000 acre) island. In a cabinet report, it promised that "those who have contracts...
(AFP (eng) 07/25/17)
Egypt warned the EU on Tuesday that four Arab states would accept no compromise in their dispute with Qatar over allegations that the gas-rich emirate supports terrorism. Foreign Minister Sameh Shoukry, speaking after talks with European Union diplomatic chief Federica Mogherini in Brussels, said Qatar must accept in full the demands by Egypt, Saudi Arabia, Bahrain and the United Arab Emirates. "It is not an issue of compromise, we cannot compromise with any form of terrorism, we cannot compromise or enter into any form of negotiations," Shoukry told a press conference. "It is only once the necessary measures are undertaken by Qatar
(AFP (eng) 07/25/17)
Egypt's military said on Tuesday it has killed more than 40 extremists in a wide-ranging campaign in the Sinai Peninsula where the Islamic State group has been waging a deadly insurgency. The announcement came a day after seven civilians were killed in a foiled attack on a checkpoint with an explosives-laden car. An army tank had intercepted the vehicle and driven over it, almost flattening it, before the explosives went off, according to a video released by the army. The Islamic State group has waged deadly attacks on the military and police, most recently on a checkpoint in Sinai on July 7 that killed at least 21 soldiers. But the military, which killed the leader of the group's affiliate in...
(AFP (eng) 07/25/17)
Seven civilians, including two children, were killed when a car bomb exploded near a military checkpoint in North Sinai, the Egyptian army said Monday. The explosion happened 200 metres from its military target, "when an Egyptian soldier used a tank to stop the vehicle," according to the army statement. The victims - three men, two women and two children -- "happened to be in the area in front of the ambush during the blast," the statement added, without saying when the incident happened. "The explosion was large, carrying about 100 kilograms of high explosives," an army spokesman said in the statement.

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