FINANCE & ECONOMY

01 Oct 2016

Egypt MP ridiculed for proposing college virginity tests

An Egyptian member of parliament is facing ridicule for saying that universities should perform virginity tests on female students.

Ilhamy Agina reportedly told an Egyptian newspaper on Thursday that virginity should"...

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01 Oct 2016

EBRD boosts international trade in Egypt

The European Bank for Reconstruction and Development (EBRD) is stepping up its support for Egypt’s exporters and importers with a $50 million trade facility to Crédit Agricole Egypt under the EBRD’s Trade Facilitation Program (TFP).

The TFP promotes foreign trade to, from and within the EBRD’s countries of operations, including...

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01 Oct 2016

Yao Ming’s facial expression appears on Egyptian traffic sign

An illustrated version of Chinese basketball star Yao Ming’s face now appears on traffic signs in Luxor, Egypt, along with the instructions “do not reverse,” according to photos posted by a netizen on Sept. 29. A local guide explained that Yao’s likeness is recognized"...

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01 Oct 2016

Egypt authorises Mubarak ally to be dropped from Interpol watchlist

Egypt has told Interpol and the European Union to drop charges against business tycoon Hussein Salem, an ally of former Egyptian president Hosni Mubarak. Salem’s family reached a reconciliation agreement with the Egyptian government in March which stipulated that they would give up"...

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01 Oct 2016

Egypt's ETHYDCO opens PE plant

Egyptian petrochemicals group Egyptian Ethylene and Derivatives Co. (ETHYDCO) has started a $1,9 billion plastics and chemicals complex to manufacture polyethylene products in Alexandria, Egypt.

Egypt’s President"...

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01 Oct 2016

Russia Officially Resumes Imports of Vegetables, Fruits From Egypt

Russia on Friday resumes imports of fruits and vegetables, except for potatoes, from Egypt, following the agricultural safety watchdog Rosselkhoznadzor's decision to lift the ban.

On September 22, Russia introduced temporary restrictions on the import of Egyptian agricultural produce over the systematic violations of phytosanitary requirements by the...

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01 Oct 2016

World Bank offers Egypt $500m loan to create jobs

A new $500 million World Bank loan will help create jobs in Upper Egypt by enhancing the business climate and improving infrastructure and the delivery of services.

The Upper Egypt Local Development Programme, approved by the World Bank Group’s Board of Directors today, will focus on two lagging regions, Qena and Sohag, which are amongst the...

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01 Oct 2016

Egypt’s Islamic institutions continue to condemn illegal immigration

In this week’s Friday sermon, Minister of Religius Endowments Mohamed Mokhtar Gomaa condemned the concept of illegal immigration, describing it as un-Islamic.

He added that it is illegal on both a judicial"...

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01 Oct 2016

Russian minister says talk about resumption of flights to Egypt 'premature' - agency

Russian transport minister said that it is "premature" to talk about resumption of flights to Egypt, Russian private news agency Interfax reported on Friday.

Minister Maksim Sokolov said that reports about resumption"...

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01 Oct 2016

Potential Assassin's Creed screen leak might confirm Egypt and crafting

As ever, we might have an Assassin's Creed leak on our hands. It can't be easy to keep track of everything as multiple global teams tackle the projects but it looks like this leaked screen confirms the rumoured ancient Egyptian setting.

While there's"......

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