Video: Fire breaks out in car on Cairo-Alexandria Desert Road
Video: Fire breaks out in car on Cairo-Alexandria Desert Road
View ArticleMin. of Electricity to install 4M smart electric meters yearly: official
CAIRO: Egypt’s Ministry of Electricity and Renewable Energy is to install 4 million smart meters annually until 2024, with a total cost of 60 billion EGP ($7.6 billion,) ministry spokesperson Mohamed...
View ArticleEgypt looks to import Ethiopian meat
CAIRO: Minister of Supply and Trade Khaled Hanafi is researching the import of Ethiopian meat at discounted prices for citizens through meetings with Egyptian ambassador in Ethiopia Abu Bakr Al-Hanafi...
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Military holds sports day for Sinai peacekeepers amid reports of withdrawal
CAIRO: The Second Field Army (SFA) organized a sports day for North Sinai’s Multinational Force and Observers (MFO) in its headquarters in Ismailia Tuesday, amid reports that its presence in Sinai is...
View ArticleUpdate: IS affiliate claims responsibility for Thursday car bomb
CAIRO: Alleged Islamic States affiliates in Egypt have claimed responsibility for a car bomb explosion Thursday morning at Shubra el-Khema, Cairo that injured at least 29. “I was at home when the...
View ArticlePM signs MoUs to establish furniture industry city in Damietta
CAIRO: Prime Minister Ibrahim Mahlab signed Wednesday two memoranda of understanding (MoUs) to establish a city of furniture industry in Damietta (191 km away from Cairo), according to a statement...
View ArticleEgypt hits back after int’l criticism of new anti-terrorism law
CAIRO: Egypt had defended a controversial anti-terrorism law, saying “respect of Egypt’s independence of decision taking is a must.” President Abdel Fatah al-Sisi ratified Sunday the law that was...
View ArticleEgypt to lower top tax rate and threshold, freeze capital gains tax, in 2 weeks
CAIRO: Egypt will lower the top tax rate and threshold for companies and individuals in high income brackets and freeze a 10 percent tax on capital gains within two weeks in order to attract investors...
View ArticleFour Palestinians kidnapped in N Sinai by unknown assailants: Hamas
CAIRO: Four Palestinians were kidnapped Wednesday evening by unknown assailants in restive North Sinai, the the Ministry of Interior of Gaza in stated. “The Ministry is calling on the Egyptian...
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Kuwait’s Al Ahli gets Egypt regulatory nod to buy Piraeus unit
DUBAI: Kuwait’s Al Ahli Bank received approval from the Egyptian Financial Supervisory Authority (EFSA) to acquire a controlling stake in Piraeus Bank’s Egypt unit, it said on Thursday. Al Ahli,...
View ArticleTax-exempt limit increased to 6K EGP
CAIRO: More citizens will be exempted from the income tax, as the government approved on Wednesday to increase the exemption bracket from 5,000 EGP ($638) to 6,500 EGP ($830) a year. Citizens within...
View Article27 French tourists rescued after boat sinks in Red Sea
CAIRO: A total of 27 French tourists were rescued Thursday after their boat collided with coral reefs and sank in Marsa Alam city, on the western shore of the Red Sea, reported Youm7. The tourist boat...
View ArticleEgypt’s Ezz Steel posts $17M net loss in Q1
CAIRO: Egypt’s steel biggest steel maker Ezz Steel reported a net loss of 136 million EGP ($17 million) in the first quarter of 2015, compared to 235 million EGP in the previous quarter, it announced...
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Videos: Aftermath of bombing outside Shubra Homeland Security building
Videos of Aftermath of bombing outside Shubra Homeland Security building
View ArticleSisi to visit Russia Aug. 25-27
CAIRO: President Abdel Fatah al-Sisi will pay Russia a two-day visit starting Aug. 25 in light of enhancing bilateral cooperation between both countries, Presidential spokesperson Alaa Youssef stated...
View ArticleLibyan guards at main crossing to Egypt stop working
BENGHAZI: Libya’s regular border security guards have stopped working at the main border crossing to Egypt, officials said on Wednesday, a further breakdown of state authority. The incident will...
View ArticleEgypt’s Juhayna chairman barred from trading on Cairo bourse: sources
CAIRO: The chairman of Juhayna, Egypt’s largest dairy products and juices producer, has been barred from trading on the Cairo bourse and his shares have been frozen, two informed stock market sources...
View ArticleChinese Yuan reaches 6.3875 against USD
By: Mariam Abu Bakr CAIRO: The Chinese Yuan Renminbi strengthened by 6.3875 against the U.S. dollar Thursday, marking a 2.85 percent increase since its stable status in April, according to Reuters. It...
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