76 die of heat exhaustion, scorching wave hits Egypt Friday
CAIRO: The Health Ministry said 15 more people died of the scorching heat wave Wednesday, raising the death toll of this week to 76 cases. Most of the recent death cases are of elderly people,...
View ArticleFire controlled in Al Ataba call center: civil protection
CAIRO: Cairo’s civil protection forces managed to contain a fire broke out in El-Ataba call center Thursday morning, Youm7 reported. The fire broke out in the upper four levels of the eight-storey...
View ArticleTourism policeman shot dead in drive-by shooting
CAIRO: A low-ranking tourism police officer was shot dead on his way home from work Wednesday by unidentified assailants on a motorbike, the Interior Ministry said in a statement. Mostafa Ayoub was on...
View ArticleSuez Canal Expansion credit-positive, takes time to materialize: Moody’s
PRESS RELEASE: Last Thursday, Egypt (B3 stable) officially opened an expansion to the Suez Canal. The expansion will support Egypt’s credit quality through increased current account receipts and...
View ArticleTransport Ministry to carry out random drug test for train and metro drivers
By: Mariam Abu Bakr CAIRO: Transport Ministry said it will conduct random drugs test for train and metro drivers “in the interest of the safety of the public,” Youm7 reported Wednesday. Head of...
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Cabinet approves Siemens offer to establish 6 high-voltage plants
CAIRO: Egypt’s cabinet approved Wednesday a request submitted by the electricity ministry to establish six high-voltage plants worth €240 million ($267 million) proposed by Siemens, Youm7 reported. The...
View ArticleIslamic State says in broadcast that it killed Croatian hostage
CAIRO: The militant group Islamic State said in an audio broadcast on Thursday that its Egyptian affiliate had killed a Croatian hostage, a day after a photograph of a beheaded corpse purported to be...
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Egypt’s Amer Group Q2 net profit plunges 98%
Egypt’s Amer Group reported a sharp fall in second quarter net profit on Thursday to 856,763 Egyptian pounds ($109,490) from 42.36 million a year earlier on higher expenses and lower revenue. Revenue...
View ArticleEgypt’s Edita Q2 net profit steady at 67M EGP
CAIRO: Egypt’s Edita Food Industries reported a second-quarter net profit of 66.96 million Egyptian pounds ($8.56 million) on Thursday versus 67.05 million a year earlier. Revenue rose to 514.82...
View ArticlePolice officer sentenced to 5 yr for killing 37 alleged Brotherhood inmates
CAIRO: The Khanka Misdemeanor Court of Appeals on Thursday sentenced a police officer to five years hard labor over killing 37 prisoners allegedly belong to the outlawed Muslim Brotherhood, Youm7...
View ArticleEgypt’s security forces on alert ahead of ‘Rabaa dispersal’ 2nd anniversary
CAIRO: In anticipation of possible protests, security forces are on high alert ahead of the second anniversary of the dispersal of pro-Muslim Brotherhood sit-ins of Rabaa al-Adaweya and Nahda squares....
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In heartbreaking letter, Shawkan: Can you save me?
CAIRO: “I missed my camera, I missed the reason for my scourge and calamity, I missed to hold it between my hands to see the life through it…I missed to smell it in the morning before my coffee time,...
View ArticleSurveillance cameras to be installed in key mosques: ministry
CAIRO: Egypt’s Religious Endowments Ministry has started the installation of surveillance cameras inside and outside Cairo’s key mosques to monitor all activities of extremist groups, Youm7 reported....
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Orangutan ‘Bongo’ dies of extreme heat wave
CAIRO: The Orangutan “Bongo” has died at Giza Zoo due to the extreme heat wave hitting Egypt this month, the Ministry of Agriculture announced Thursday. “Medical team at the zoo made all possible...
View ArticleSurveillance cameras to be installed in Sharm el-Sheikh: Ministry
CAIRO: Ministry of Tourism has allocated 150 million EGP ($19.1 million) to install surveillance cameras in hotels and touristic points of interest in the Red Sea resorts of Sharm el-Sheikh and...
View ArticleEGX widens bearish performance, benchmark loses 0.4%
CAIRO: The Egyptian Exchange (EGX) extended its losing streak at the close of Thursday’s session, hurt by selling pressures from local institutions and retailers. The benchmark index EGX30 lost 0.41...
View ArticleVideo: Bomb defused outside Alexandria’s Agamy municipality
CAIRO: Bomb defused outside Alexandria’s Agamy municipality
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