Egypt Independent
Banks consider $300 mn loan to Suez Canal Authority
Business
November 1, 2015
Banks consider $300 mn loan to Suez Canal Authority
Egyptian banks are considering a US$300 million loan to the Suez Canal Authority (SCA) to assist it with its financial…
Loss of Egyptian satellite ‘natural’: Russian expert
Egypt
October 31, 2015
Loss of Egyptian satellite ‘natural’: Russian expert
The loss of contact with a Russian-made Egyptian satellite was the result of natural factors, rather than mismanagement, the Russian…
Congress to hold hearing on Egypt’s human rights Tuesday
Egypt
October 31, 2015
Congress to hold hearing on Egypt’s human rights Tuesday
The US Congress will hold a hearing on November 3 concerning what it describes as “commonplace” human rights abuses in Egypt…
Govt to disburse 10% bonus to public business sector workers, excludes protesting workers
Egypt
October 30, 2015
Govt to disburse 10% bonus to public business sector workers, excludes protesting workers
The Cabinet responded to months-long protests by laborers demanding the 10 percent annual bonus announced by a presidential decree. The Investment…
Egypt’s market gains LE2 bn on Thursday, EGX30 inches up 0.4%
Business
October 29, 2015
Egypt’s market gains LE2 bn on Thursday, EGX30 inches up 0.4%
Egypt's stock market closed in the green zone on Thursday, as the benchmark EGX30 index inched up 0.38 percent to…
Israeli soldiers shoot 2 Palestinians dead, death toll 68
Middle East
October 29, 2015
Israeli soldiers shoot 2 Palestinians dead, death toll 68
The death toll among Palestinians involved, or allegedly involved, in the wave of knife attacks on Israeli settlers and troops…
US embassy invests US$45 mn in training Egyptian students
Egypt
October 29, 2015
US embassy invests US$45 mn in training Egyptian students
The US Embassy will invest US$45 million in supporting small-and medium-sized enterprises in Egypt as well as training students on…
Wael Ghoneim admits naivety in post-2011 outlook
Egypt
October 29, 2015
Wael Ghoneim admits naivety in post-2011 outlook
A young activist widely-credited for triggering Egypt’s 2011 uprising against former President Hosni Mubarak has said he had a naive…
Egypt’s bonds slip as economy remains shaky
Business
October 29, 2015
Egypt’s bonds slip as economy remains shaky
Egypt's bonds have been sliding hard and fast and the cost of insuring them against default has risen to levels…
Shawkan’s detention epitome of Egypt’s war on press: The Independent
Egypt
October 29, 2015
Shawkan’s detention epitome of Egypt’s war on press: The Independent
The detention of an Egyptian freelance photographer for more than 800 days without trial, three months beyond the legal custody…
Egypt’s market loses LE4.5 bn on Wednesday, EGX30 down 0.7%
Business
October 28, 2015
Egypt’s market loses LE4.5 bn on Wednesday, EGX30 down 0.7%
Egypt's market closed in the red zone for the third session in a row, as the benchmark EGX30 index Wednesday…
Runoffs a boring reenactment: Aswany
Egypt
October 28, 2015
Runoffs a boring reenactment: Aswany
Novelist Alaa al-Aswany, a vocal critic of President Abdel Fattah al-Sisi's government, has continued to attack the ongoing parliamentary elections,…
Egypt drops to 131st place in quality of business environment: World Bank
Business
October 28, 2015
Egypt drops to 131st place in quality of business environment: World Bank
Egypt has ranked 131st among 188 countries when gauging positive factors encouraging local and foreign investors to start a business,…
Zahi Hawass to hold conference in DC Wednesday
Archaeology
October 28, 2015
Zahi Hawass to hold conference in DC Wednesday
Former Antiquities Minister and renowned Egyptian Egyptologist Zahi Hawas will talk about the latest antiquities excavations and discoveries in Egypt…
ElBaradei slams activists’ detention as campaigns for release surge
Egypt
October 28, 2015
ElBaradei slams activists’ detention as campaigns for release surge
Former Vice President Mohamed ElBaradei has renewed his criticisms of the detention and prosecution of Egyptian political activists under the…
Swedish reporter briefly arrested covering Mahalla demos
Egypt
October 28, 2015
Swedish reporter briefly arrested covering Mahalla demos
A Swedish reporter was briefly detained on Tuesday while covering protests by Egyptian textile workers in Mahalla condemning the withholding…
Egypt’s market loses LE1.9 bn on Tuesday, EGX30 declines 0.6%
Business
October 27, 2015
Egypt’s market loses LE1.9 bn on Tuesday, EGX30 declines 0.6%
Egypt's market closed in the red zone for the second session in a row, as the benchmark EGX30 index Tuesday…
Weather crisis affected runoff votes in Alexandria: observers
Egypt
October 27, 2015
Weather crisis affected runoff votes in Alexandria: observers
A violent rainstorm that submerged main streets of the coastal province of Alexandria and killed five people on Sunday negatively…
Social network campaign demands release of Alaa Abd El Fattah
Egypt
October 27, 2015
Social network campaign demands release of Alaa Abd El Fattah
Political activists have launched a social network campaign to demand the release of activist Alaa Abd El Fattah and three…
Scatec Solar launches field activities in Egypt
Egypt
October 26, 2015
Scatec Solar launches field activities in Egypt
Norwegian Solar power producer Scatec Solar has launched field activities in Egypt and has begun engineering and procurement related activities…