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EGYPT

Egypt president Sisi says in talks with Palestinians, Israel

Thursday, 17 May 2018

Egyptian President Abdel Fattah al-Sisi on Wednesday urged Israel and the Palestinians to abstain from further steps that could lead to more Palestinian deaths, following Monday's deadly violence on the Gaza-Israel border. Israel has come under international pressure after its border forces on Monday killed some 60 Palestinians protesting against the transfer the same day of the US embassy to Jerusalem. “I hope that this message reaches our Palestinian brothers that self-expression and ...

Egypt’s president Sisi hails ‘breakthrough’ in Nile dam talks

Thursday, 17 May 2018

Egyptian President Abdel Fattah al-Sisi said on Wednesday that a “breakthrough” had been reached in talks with Sudan and Ethiopia over a controversial dam the latter is building on the Nile. The progress, which he did not specify, took place over the last two days as the three countries’ foreign and irrigation ministers as well as heads of intelligence met in Addis Ababa on Tuesday. “The delegation that arrived six am this morning spent all of last night in meetings and ...

Egypt’s Sisi: US embassy move to Jerusalem will lead to instability

Wednesday, 16 May 2018

In first public comment on the issue Egypt’s President Abdelfattah al-Sisi said on Wednesday that the US embassy move to Jerusalem would lead to instability. In a live broadcast of "Ask the President" initiative, as part of his fifth conference with the country’s youth in the capital Cairo, Sisi answered questions on many current issues. “On the move of the US Embassy, we have said this issue will have negative repercussions on Arab and Islamic public opinion and ...

Egypt’s central bank seen keeping key rates unchanged

Tuesday, 15 May 2018

Egypt’s central bank will likely keep its key interest rates unchanged at its meeting on Thursday, a Reuters poll showed on Tuesday, as inflation rose slightly for the first time in eight months. Nine out of 11 economists polled by Reuters said the bank was expected to maintain the deposit and lending rates, currently at 16.75 and 17.75 percent. To combat soaring inflation, the central bank raised the rates by seven percentage points after it floated the currency ...

Egypt says seeks to raise $1 bln by selling stakes in four-six state firms

Tuesday, 15 May 2018

Egypt is seeking to float shares in four to six state-owned companies this year to raise up to 18 billion Egyptian pounds ($1 billion), the cabinet said in a statement on Tuesday.The statement said that shares in the oil and petrochemical industries sectors will be offered on the Egyptian stock market starting in June and until the beginning of 2019. Egypt in March announced the names of 23 state companies that will sell stakes from this year under its plan to raise 80 billion ...

Bodies of 20 victims of 2015 ISIS atrocity in Libya arrive in Egypt

Tuesday, 15 May 2018

Hundreds of Egyptians from the village of Aour and neighboring village of Minya gathered on Monday to receive the remains of 20 Egyptian copts killed by ISIS in Libya in the year 2015. A shrine has been built for the victims inside the Church of Shuhadaa al-Watan W al-Eman in the village, to commemorate them. They carried a picture of each victim to be placed at their burial site, while prayers were held in the presence of senior priests and parents. The families of victims were grateful for the ...

Quinoa in your Koshari? The grainy road ahead for Egyptian rice

Tuesday, 15 May 2018

Anyone who is a fan of Egyptian food knows about koshari – a hearty, carb-rich dish, mainly consisting of rice, pasta, chickpeas and lentils.Now, imagine swapping the rice with quinoa. While the idea isn't new, not many chefs have made the ingredient swap - but now may just be the right time for quinoa to shine in Egyptian cuisine. Egypt’s government is now promoting cultivation of the highly nutritious quinoa grain amid a drive to reduce dependence on wheat and rice, while saving ...

Egypt’s foreign inflows exceeded $120 bln since pound float

Monday, 14 May 2018

Egypt’s Central Bank Governor said foreign inflows have exceeded $120 billion since its pound currency was floated in November 2016, state newspaper Al-Ahram quoted him as saying on Monday. Tarek Amer also said Egypt would make a debt payment of $850 million to international oil companies, without specifying when. Once an energy exporter, Egypt has turned into a net importer in recent years, squeezed by declining production and increasing consumption. Cairo has promised to eliminate ...

Lawyer obtains new footage on the brutal killing of Mariam Moustafa in the UK

Sunday, 13 May 2018

In the latest developments on the brutal killing of Mariam Moustafa, an Egyptian-Italian student in Britain back in February, a family lawyer said that he had obtained a video of the whole incident surrounding the attack. Lawyer Emad abu Hussein said in a press conference organized by the Syndicate of Egypt’s lawyers in Cairo Saturday, surrounded by the victim’s parents, that the legal medical team asked for the hearing of six new witnesses and re-hearing two previous witnesses. He ...

WATCH: Moroccan rapper’s song about Mo Salah goes viral within hours

Sunday, 13 May 2018

Moroccan rapper La Fouine’s song about Egyptian footballer Mohamed Salah has attracted more than one million views within hours of its release earlier this week. The rapper wanted to pay tribute to Salah after an outstanding season in which he scored 43 goals in all competitions. Salah has helped Liverpool, who are third in the Premier League, into the Champions League semi-finals for the first time in 10 years. He has also helped his national team enter this year’s World Cup in ...

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