Egypt

IMF chief to recommend $12 bn Egypt loan approval
Egypt

IMF chief to recommend $12 bn Egypt loan approval

IMF chief Christine Lagarde said Tuesday she will recommend the institution approve a US$12 billion loan for Egypt when the…
Silver lining for Egypt’s tourism this winter
Egypt

Silver lining for Egypt’s tourism this winter

As the winter begins, the tourism sector in Egypt flourished slightly in some cities, including Hurgada, Sharm El-Sheikh, Luxor, Alexandria…
Red Sea islands transfer to Saudi Arabia nullified again
Egypt

Red Sea islands transfer to Saudi Arabia nullified again

Egypt's Administrative Court on Tuesday upheld an earlier ruling nullifying an agreement between Egypt and Saudi Arabia that placed the…
Egyptian troops in Jordan to take part in Aqaba 2016 training
Egypt

Egyptian troops in Jordan to take part in Aqaba 2016 training

Egyptian ground and naval troops as well as special forces arrived Monday in Jordan to take part in a joint…
More measures for lifting fuel subsidies, Petroleum Minister
Egypt

More measures for lifting fuel subsidies, Petroleum Minister

Egypt's Petroleum Minister Tarek El Molla said that total subsidies for petroleum products reached LE64 billion as a result of…
US dollar at over LE17
Egypt

US dollar at over LE17

The US dollar price jumped on Monday to a new level amid concerns that this state of confusion, which began…
Lawyer files lawsuit to cancel floating of Egyptian pound
Business

Lawyer files lawsuit to cancel floating of Egyptian pound

Lawyer Ali Ayyub filed a lawsuit on Sunday at the State Council to demand canceling of the decision by Central…
Saudi’s Savola says faces 171 mln riyal Q4 hit from Egypt pound float
Business

Saudi’s Savola says faces 171 mln riyal Q4 hit from Egypt pound float

Saudi Arabia's Savola Group , the country's largest food products company, said on Monday that the floatation of the Egyptian…
Justice Ministry could supervise presidential committee on releasing detainees – Sources
Egypt

Justice Ministry could supervise presidential committee on releasing detainees – Sources

Informed sources have referred to a legal crisis facing the presidential committee tasked with checking cases of the detained youth,…
Saudi Aramco halts petroleum product shipments to Egypt until further notice
Business

Saudi Aramco halts petroleum product shipments to Egypt until further notice

National oil firm Saudi Aramco informed Egyptian authorities that it would halt shipments of petroleum products to Egypt "until further…
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