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Updated: 24 weeks 3 days ago

Egypt to receive Apache helicopters

Thu, 04/24/2014 - 15:06
Ed Adamczyk WASHINGTON, April 24 (UPI) -- Egypt will recieve the eagerly-anticipated delivery of 10 Apache helicopters from the United States.

Egypt's army says has 'complete control' over Sinai Peninsula

Thu, 04/24/2014 - 07:53
Egypt's military said on Thursday it had gained "complete control over the situation" in the Sinai Peninsula, where Islamist insurgents have been carrying out attacks against security forces for several months. Violence has spiraled in the Sinai since last July when the army toppled President Mohamed Mursi of the Muslim Brotherhood, prompting militants who had previously focused on attacks ...

Centamin rises on hopes new Egypt law could dismiss legal case

Thu, 04/24/2014 - 05:43
Egypt-focused gold miner Centamin said a new law could result in the dismissal of a legal case which has put the licence of its only operating mine in jeopardy, boosting its shares by as much as 15 percent on Thursday. In 2012, an Egyptian court ruled that Centamin's right to operate its Sukari mine was invalid, the latest in a string of difficulties the company has faced in Egypt. Centamin, in ...

Centamin rises on hopes new Egypt law could dismiss legal case

Thu, 04/24/2014 - 05:43
Egypt-focused gold miner Centamin said a new law could result in the dismissal of a legal case which has put the licence of its only operating mine in jeopardy, boosting its shares by as much as 15 percent on Thursday. In 2012, an Egyptian court ruled that Centamin's right to operate its Sukari mine was invalid, the latest in a string of difficulties the company has faced in Egypt. Centamin, in ...

Egypt girl's death after genital excision leads to unprecedented trial

Wed, 04/23/2014 - 20:17
Activists hope the case will help bring an end to genital excision in Egypt, a banned practice that's still common in rural areas. DEYARB BOQTARES, Egypt — By all accounts, Soheir Bataa was a bright and lively girl. At 13, she was diligent in her schoolwork, with her math teacher recalling an eager pupil. On her run-down street in this Nile Delta village, she could often be seen hoisting a ...

Defiant Egypt workers pose challenge to next president

Wed, 04/23/2014 - 16:43
Egypt's next president will have to contend with frustrated workers who have threatened a new wave of nationwide strikes if their demands are not met by an already cash-strapped government. Abdel Fattah al-Sisi, the ex-army chief who overthrew Islamist president Mohamed Morsi last July and is hailed by supporters as a tough leader who can restore stability, is widely expected to win next month's ...

Defiant Egypt workers pose challenge to next president

Wed, 04/23/2014 - 16:43
Mahallah (Egypt) (AFP) - Egypt's next president will have to contend with frustrated workers who have threatened a new wave of nationwide strikes if their demands are not met by an already cash-strapped government. Abdel Fattah al-Sisi, the ex-army chief who overthrew Islamist president Mohamed Morsi last July and is hailed by supporters as a tough leader who can restore stability, is widely ...

Defiant Egypt workers pose challenge to next president

Wed, 04/23/2014 - 16:43
Mahallah (Egypt) (AFP) - Egypt's next president will have to contend with frustrated workers who have threatened a new wave of nationwide strikes if their demands are not met by an already cash-strapped government. Abdel Fattah al-Sisi, the ex-army chief who overthrew Islamist president Mohamed Morsi last July and is hailed by supporters as a tough leader who can restore stability, is widely ...

Defiant Egypt workers pose challenge to next president

Wed, 04/23/2014 - 15:43
Egypt's next president will have to contend with frustrated workers who have threatened a new wave of nationwide strikes if their demands are not met by an already cash-strapped government.

Egypt FM heads to US as helicopter delivery approved

Wed, 04/23/2014 - 13:10
Egypt's foreign minister Nabil Fahmy was travelling to the United States on Wednesday, his ministry said, a day after Washington decided to provide Cairo with 10 Apache military helicopters. Washington had imposed a temporary freeze on the delivery of major weapons to Egypt, including the Apaches, following the military-installed authorities' brutal crackdown on supporters of Islamist president ...

Egypt FM heads to US as helicopter delivery freeze lifted

Wed, 04/23/2014 - 10:01
Egypt's foreign minister Nabil Fahmy was travelling to the United States on Wednesday, his ministry said, a day after Washington decided to provide Cairo with 10 Apache military helicopters. Washington had imposed a temporary freeze on the delivery of major weapons to Egypt, including the Apaches, following the military-installed authorities' brutal crackdown on supporters of Islamist president ...

Egypt Tastes Austerity With Gas Price Hike in May

Wed, 04/23/2014 - 09:36
Egypt will double the price it charges homes and businesses for natural gas next month, as the interim government looks to slash its huge subsidy bill. A government decree issued this week said a new price of 0.40 Egyptian pounds ($0.06, £0.035, €0.04) per cubic metre would be charged for residential and commercial users of less than 25 cubic metres of gas per month. According to the Oil ...

Egypt to pay some $1bn owed oil firms within two months

Wed, 04/23/2014 - 04:01
CAIRO: Egypt will pay about $1 billion of the money it owes to foreign oil companies within the next two months, the state's MENA news agency said, quoting Oil Minister Sherif Ismail.

Billions needed to upgrade Egypt's power grid as summer crunch looms

Wed, 04/23/2014 - 03:33
By Maggie Fick CAIRO (Reuters) - Egypt needs to find at least $5 billion to invest in its dilapidated power grid, a government official told Reuters, highlighting a major challenge for the next president as the country faces the risk of worsening blackouts this summer. Energy is a politically explosive issue in Egypt, where power cuts have become commonplace even in the capital Cairo. Blackouts ...

Egypt to pay some $1 bln owed oil firms within two months - minister

Wed, 04/23/2014 - 03:30
Egypt will pay about $1 billion of the money it owes to foreign oil companies within the next two months, the state's MENA news agency said, quoting Oil Minister Sherif Ismail. Egypt says it owes some $6.3 billion to those companies. The country has previously said it would repay a further $3 billion in monthly installments until 2017 as an incentive to encourage foreign oil companies to ...

Paying for giant Nile dam itself, Ethiopia thwarts Egypt but takes risks

Wed, 04/23/2014 - 03:00
* Ethiopia rebuffed downstream Egypt's offer of funds ADDIS ABABA, April 23 (Reuters) - Ethiopia's bold decision to pay for a huge dam itself has overturned generations of Egyptian control over the Nile's waters, and may help transform one of the world's poorest countries into a regional hydropower hub. By spurning an offer from Cairo for help financing the project, Addis Ababa has ensured it ...

Egypt cleared for U.S. military aid

Tue, 04/22/2014 - 23:15
The White House certifies that the country is upholding its 35-year-old peace treaty.

Egypt to pay some $1 billion owed oil firms within two months - minister

Tue, 04/22/2014 - 20:37
CAIRO (Reuters) - Egypt will pay about $1 billion (594.2 million pounds) of the money it owes to foreign oil companies within the next two months, the state's MENA news agency said, quoting Oil Minister Sherif Ismail.

Egypt to pay some $1 billion owed oil firms within two months - minister

Tue, 04/22/2014 - 18:12
Egypt will pay about $1 billion (594.2 million pounds) of the money it owes to foreign oil companies within the next two months, the state's MENA news agency said, quoting Oil Minister Sherif Ismail. Egypt says it owes some $6.3 billion to those companies. The country has previously said it would repay a further $3 billion in monthly instalments until 2017 as an incentive to encourage foreign ...

Egypt to pay some $1 bln owed oil firms within two months - minister

Tue, 04/22/2014 - 18:08
Egypt will pay about $1 billion of the money it owes to foreign oil companies within the next two months, the state's MENA news agency said, quoting Oil Minister Sherif Ismail. Egypt says it owes some $6.3 billion to those companies. The country has previously said it would repay a further $3 billion in monthly installments until 2017 as an incentive to encourage foreign oil companies to ...