EGX dips further, equities shed 3.6B EGP
CAIRO: The Egyptian Exchange (EGX) sank for seven straight sessions by the close of Thursday, hammered by Arab and foreign institutions’ sales. Market capitalization lost around 3.6 billion EGP...
View ArticleFire at diesel-loaded train in Upper Egypt’s Minya controlled
CAIRO: A fire that broke out in a freight train loaded with diesel in Upper Egypt’s governorate Minya has been controlled and put out, Youm7 reported Thursday. The middle vehicle in the train, coming...
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Essay: An Egyptian woman’s experience with miscarriage
By Aliaa Hamed CAIRO: Today marks day 45 after the hardest experience I’ve ever gone through. Losing twin babies, a boy and girl, at 24 weeks. I prefer calling it a loss, not a miscarriage. What many...
View Article359 migrants, including Egyptians, arrive at Palermo after rescue
CAIRO: A total of 359 migrants arrived at the Italian Palermo coast Thursday after being rescued the day before off the Libyan coast by an Italian coast guard vessel, according to MENA. The Syrian,...
View ArticleInstalling Cairo metro Wi-Fi service delayed over ‘security concerns’: source
CAIRO: The installment of wireless internet service at Cairo metro has been indefinitely postponed over “security concerns,” Transport Ministry source told Youm7 Friday. The decision is based on a...
View ArticleBomb breaks train track in Zaqaziq, no casualties
CAIRO: A bomb, planted on train tracks in a village in Egypt’s Delta town of Zaqaziq went off early Friday morning causing the rails to break and leaving a 20-centimeter-deep hole, Youm7 reported. The...
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Egypt to restore Mohamed Ali Palace damaged by Shubra bomb attack: Minister
CAIRO: An archaeological committee has been formed to determine the damages of Mohammed Ali Palace caused by the Thursday’s bombing that ripped through the opposite homeland security building at Shubra...
View ArticlePardoned Sudanese inmates to leave Egypt for Khartoum Friday: Sudan’s Ambassador
CAIRO: The 44 imprisoned Sudanese miners, who were recently pardoned by President Abdel Fatah al- Sisi, will be deported to Khartoum Friday on board of a private plane, Sudanese Ambassador to Egypt...
View ArticleUnpaid dues of Egypt laborers fled Iraq during Gulf War reaches $60 M: Minister
CAIRO: The unpaid dues and pensions for 1,500 Egyptian laborers who fled Iraq following the 1990 Gulf War totaled $60 million, Manpower Minister Nahed al-Ashry said in statement Friday. Ashry...
View ArticleTurkey’s Erdogan says he will call a new election for Nov. 1
ANKARA: Turkish President Recep Tayyip Erdogan says he will call a new election — likely to take place on Nov. 1. — after the legal period for the formation of government ends at the end of this week....
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EGX hits 20-months low, shed $5.2B this week
CAIRO: The Egyptian Exchange (EGX) plummeted this week, and its market capitalization shed around 40.8 billion EGP ($5.2billion,) hurt by internal and external factors. The benchmark index EGX30...
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Giza Zoo welcomes newly-born Yellow-headed Amazon parrots
CAIRO: Yellow-headed Amazon baby parrots were born in Giza Zoo as part of a captive breeding plan aims to maintain species of endangered birds and animals, Youm7 reported Friday. A report issued by the...
View ArticleEgypt closes Rafah border crossing
CAIRO: Egypt has closed the Rafah border crossing Friday after it had been open for four days, Al Mal newspaper reported Friday. Since it was reopened in both directions on Monday, over 6,000 Egyptians...
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Dollar drops as more bad China news fuels risk aversion
LONDON: The dollar hit an almost eight-week low against a basket of major currencies on Friday, after more bad economic data from China added to doubts that the U.S. Federal Reserve will be able to...
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Nikkei tumbles to 3 1/2-month low on China worries, Wall St sell-off
TOKYO: Japan’s Nikkei fell below the 20,000 mark for a fourth consecutive day to a 3-1/2 month closing low on yet more signs of deceleration in the Chinese economy. The Nikkei share average dropped...
View Article87 NGOs approved to monitor parliamentary elections: HEC
CAIRO: The High Elections Committee (HEC) said in a statement it has approved requests submitted by 87 local and international non-governmental organizations to monitor Egypt’s upcoming parliamentary...
View ArticleGiant Egyptian statues go on display in Paris
PARIS: Three giant Egyptian statues submerged in the Mediterranean for more than a millennium have gone on display at Paris’ Arab World Institute. The museum erected the granite monuments Friday as a...
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Egypt seeks LNG cargoes via Jordan: traders
LONDON/MILAN: Egypt is seeking liquefied natural gas (LNG) via Jordan, three traders told Reuters on Friday, as the two neighbours bolster LNG imports following their recent installation of floating...
View ArticleCentral bank to auction 7.5B EGP in T-bills Sunday
CAIRO: The Central Bank of Egypt (CBE) on behalf of the Ministry of Finance is set to auction 7.5 billion EGP ($957.8 million) in treasury bills Sunday, according to the bank’s official website....
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