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08 May 2017

Egypt expects second installment of IMF loan in June

Egypt expects to receive a second installment, worth $1.2 billion, of a three-year International Monetary Fund loan in the second half of June.

Finance Minister Amr el-Garhy announced at a press conference Sunday"...

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08 May 2017

اقرأها بالعربية Overpopulation, religion and fatwas on demand in Egypt

In the midst of an economic crisis, the Egyptian state has focused on the question of overpopulation as an impediment to economic growth and recovery, calling on people to bear only as many children as they can provide for.

In"...

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08 May 2017

Egypt’s economists laud new residency-for-deposits law

The law was approved April 27 by the Egyptian parliament’s Defense and National Security Committee with its head saying that it will serve Egypt’s interests and will not negatively affect national security.

Kamel"...

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08 May 2017

Egypt Opens Bordering Corridor in Gaza for Three Days

Egypt has opened its border crossing with Palestinian Gaza Strip for three days, starting Saturday. Egyptian authorities opened the Rafah crossing in one direction, just for Palestinians to return to their native land. Last time the crossing point was opened to allow movement of people both way was on March 6 but only limited to humanitarian cases, sick people and students, among them. Since October 2014, Egypt has kept Rafah closed most of the time, after the attacks by Islamic extremists in the north of the Sinai Peninsula. In......

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08 May 2017

Egypt allocates 744,000 m2 to build power plant in new capital city

Egypt’s Cabinet has approved Wednesday to allocate a land plot on a space of 744,000 square metres to build a 4,800 MW power plant in the new capital city.

Egypt unveiled plans for what it presented as a new"...

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08 May 2017

Egypt’s Al-Abd to deliver slum dwellers’ project next December

Egypt’s leading Contracting Company Al-Abd says it is planning to deliver 960 housing units in Al Asmarat City project in Mokattam district for slum dwellers next December.

The total cost of the units reaches"...

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07 May 2017

Egypt Cabinet doubles property value needed for residency to $100k

Egypt’s Cabinet approved Wednesday a proposal to amend regulations allowing non-Egyptians to apply for residency permits on the basis of their property in the country.

According to the new regulations, property"...

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07 May 2017

Iraqi crude oil to arrive in Egypt within 2 weeks: source

An official source with the Ministry of Petroleum said that the Iraqi shipment of Basra crude oil, which began shipping operations in Iraqi ports on Thursday, will arrive in Egypt within two weeks.

The source added,"...

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07 May 2017

SDX Energy finishes drilling campaign at SD-1X well in Egypt

North Africa focused oil and gas company SDX Energy Inc said on Friday drilling on the SD-1X on the South Disouq concession in Egypt has reached its second target depth.

The well has been drilled to a total depth"...

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07 May 2017

Egypt-Sudan relations hit new low after journalist deportations

Egyptian-Sudanese relations have been badly hit as both countries engage in a tit-for-tat dispute after the deportation of two Sudanese journalists by Egypt.

Egyptian authorities last week refused the entry of and"...

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