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Egypt sees Suez Canal zone making up 30-35 pct of economy: minister
By Shadi Bushra and Ehab Farouk CAIRO (Reuters) - Egypt expects a planned economic zone near the Suez Canal to eventually make up about a third of Egypt's economy, the country's investment minister said on Thursday. Egypt plans to build an international industrial and logistics hub near the canal to attract foreign investment, alongside a separate scheme in which the army is digging a second ...
Thu, 05 Mar 2015 22:41:23 -0800

Egypt to offer projects worth $35 billion during conference
CAIRO (AP) — Egypt plans to offer some 50 projects valued at up to $35 billion at an international investment conference later this month, officials said Thursday, as the country looks to revive an economy battered by four years of unrest.
Thu, 05 Mar 2015 11:55:22 -0800

Sudan, Egypt, Ethiopia agree basis of Nile water deal
The foreign ministers of Sudan, Egypt and Ethiopia said early on Friday they had reached the basis of an agreement on the sharing of Nile waters and Ethiopia's Grand Renaissance Dam. "A full agreement has been reached between our three countries on the principles of the use of the eastern Nile Basin and the Ethiopian Renaissance Dam," Sudanese Foreign Minister Ali Karti told reporters early on ...
Thu, 05 Mar 2015 16:04:02 -0800

Egypt scales down death toll in crash, says 7 killed
CAIRO (AP) — Egypt's Health Ministry said an accident early Friday east of Cairo killed seven people, less than half of the fatalities reported in the initial confusion surrounding the crash.
Fri, 06 Mar 2015 05:44:28 -0800

Egypt's cabinet approves long-awaited investment law
By Stephen Kalin and Yara Bayoumy CAIRO (Reuters) - Egypt's cabinet approved a long-awaited draft law on investment on Wednesday aimed at making deals less vulnerable to legal disputes or changes in government, and reducing stifling bureaucracy. The government is seeking to address foreign business concerns before an investment conference in Sharm el-Sheikh set for mid-March, when Egypt hopes to ...
Wed, 04 Mar 2015 06:52:30 -0800

Egypt's pound steady on official auction and black market
Egypt's central bank kept the pound steady at 7.53 pounds to the dollar at a foreign exchange auction on Thursday, while the pound stayed stable on the black market. The central bank said it offered $40 million on Thursday and sold $38.4 million at a cut-off price of 7.5301 pounds per dollar, unchanged from the last auction on Wednesday. The central bank has now kept the official exchange rate ...
Thu, 05 Mar 2015 04:55:41 -0800

Egypt names new interior minister to combat religious extremism
By Mahmoud Mourad and Yara Bayoumy CAIRO (Reuters) - Egypt replaced its interior minister on Thursday with a retired general who has experience combating religious extremism as the country fights radical Islamist militants seeking to topple the Cairo government. Egypt has been grappling with rising Islamist militancy since then-army chief Abdel Fattah al-Sisi ousted freely elected President ...
Thu, 05 Mar 2015 08:41:58 -0800

Egypt warns women against marrying IS fighters online
Egypt's state-sponsored Islamic authority warned women Wednesday against marrying fighters from the Islamic State group online, saying such unions would push them into a "circle of terrorism". Dar al-Ifta, the body that issues rulings on Islamic sharia law, said it made the warning after noticing several IS calls on social networks for girls to marry its jihadists "through video conferences ...
Wed, 04 Mar 2015 14:52:17 -0800

Egypt puts over 200 on trial, accused of militant activity
An Egyptian court opened the trial on Thursday of 213 suspected militants, including members of the army and police, on charges of joining Egypt's most active militant group and attempting to assassinate the interior minister, judicial sources said. Egypt has been grappling with rising Islamist militancy since then-army chief Abdel Fattah al-Sisi ousted freely elected President Mohamed Mursi of ...
Thu, 05 Mar 2015 07:48:10 -0800

Egypt replaces interior minister in minor cabinet reshuffle
By Mahmoud Mourad CAIRO (Reuters) - Egypt replaced its interior minister on Thursday as part of a minor cabinet reshuffle that also included changes to the agriculture, tourism and telecommunications portfolios, just over a week ahead of a high-profile investment conference. Prime Minister Ibrahim Mehleb told reporters the reshuffle would not affect the conference, from which Egypt hopes to ...
Thu, 05 Mar 2015 06:40:28 -0800

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