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01 Aug 2015

Decreasing internet prices aims to spread service in Egypt

Minister of Communications Khaled Negm said on Friday that a decision recently made to decrease internet prices in Egypt aims to spread internet services in the country for all Egyptians to be able to go online.


He"......

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01 Aug 2015

Egypt Combats Energy Challenges With Electricity Hike

Continuing an effort to draw down dependence on energy subsidies and low-cost electricity, Egypt moved to raise electricity prices this week for mid to high household usage by an average of 19 percent for the next fiscal year.


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01 Aug 2015

Egypt, Saudi Arabia sign joint security agreement

Egypt and Saudi Arabia signed an agreement on Thursday that will improve stability and safety in the region. The agreement [Al Arabiya report], entitled the "Cairo Declaration" and signed in Cairo by President Abdel-Fattah al-Sisi [BBC"......

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01 Aug 2015

Egypt’s CB keeps benchmark interest rates unchanged

Egypt’s central bank (CB) kept its benchmark interest rates unchanged at a monetary policy committee meeting late on Thursday.

The overnight deposit rate remained 8.75 per cent and the overnight lending rate was steady at 9.75.

The key CBE rates “are currently appropriate” considering the balance of risks that include both inflation...

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01 Aug 2015

French warship arrives in Egypt: media

A French warship bought by Egypt as part of a multi-billion-dollar defence deal arrived Friday near Alexandria, official media said, days after Cairo took delivery of a first batch of Rafale fighters.


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01 Aug 2015

Egypt's navy receives FREMM frigate from France

The new frigate reached Alexandria on Thursday

Egypt's navy celebrated the arrival of the new FREMM multipurpose frigate at Ras El-Teen naval base in Alexandria on Friday a day after it arrived, Egypt's armed forces spokesperson"...

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01 Aug 2015

Egypt to Get More F-16s

Egypt will receive eight Lockheed Martin F-16D Block 52 Fighting Falcons from the U.S. in the coming days following an uptick in diplomatic relations between the two nations.


The U.S. Embassy in Cairo says eight jets will arrive at Cairo West Air Base by 31 July followed by four more sometime between September and"......

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01 Aug 2015

Egypt unable to aid Halawa until ‘terrorism’ case ends

The Egyptian government cannot intervene to release Ibrahim Halawa while his case is before the courts, but there may be “room” for talks on the teenager’s return to ......

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01 Aug 2015

Gas Discovery Spurs Eni Further Into Egypt

As energy firms face challenges across North Africa, Italy’s Eni continues to find fortune in Egypt.


This week saw the energy giant announce that they would be strengthening their commitment to its operations in the country following further discoveries in the Nile Delta.


"......

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01 Aug 2015

Egypt to Open New Improved Suez Canal

Canal expected to double its capacity by 2023

Egypt has completed construction of a multibillion-dollar expansion of the Suez Canal that the government says will boost the country’s economy and aid world trade.


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