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Egypt FM heads to US as helicopter delivery approved
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 ...
Wed, 23 Apr 2014 10:10:49 -0700

Egypt: Ex-army chief, leftist to run for president
CAIRO (AP) — Egypt's election commission said Sunday only two presidential hopefuls, one of them the powerful former military chief who nine months ago ousted the country's first democratically elected leader, have submitted their papers to run in next month's polls.
Sun, 20 Apr 2014 11:00:16 -0700

Egypt issues law barring challenges to state deals
Egypt's interim President Adly Mansour on Tuesday approved a law that would restrict the right to challenge state business and real estate deals to only the government, its involved institutes and business partners, a presidency statement said. The law, long-waited by businessmen and investors, is meant, according to the presidential statement, to boost business in Egypt, badly hit since a 2011 ...
Tue, 22 Apr 2014 13:50:45 -0700

Egypt FM heads to US as helicopter delivery freeze lifted
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 ...
Wed, 23 Apr 2014 07:01:40 -0700

Egypt Tastes Austerity With Gas Price Hike in May
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 ...
Wed, 23 Apr 2014 06:36:27 -0700

Egypt vote a two-man race between ex-army chief, leftist
Egypt's presidential election has turned into a contest between the ex-army chief lauded by millions for ousting an Islamist government and a leftist who claims to represent the ideals of the 2011 uprising. Former army chief Abdel Fattah al-Sisi is the frontrunner in the May 26-27 vote, riding a wave of popularity after deposing Mohamed Morsi, the country's first elected and civilian president ...
Mon, 21 Apr 2014 02:42:57 -0700

Egypt to pay some $1 billion owed oil firms within two months - minister
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 ...
Tue, 22 Apr 2014 15:12:52 -0700

Egypt to pay some $1 bln owed oil firms within two months - minister
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 ...
Wed, 23 Apr 2014 00:30:14 -0700

Egypt estimates local wheat crop at 9 million tonnes
Egypt estimates its local wheat crop at 9 million tonnes, according to a state newspaper that cited a government report, lower than the 9.5 million tonnes the Agriculture Minister had predicted. Traders surveyed in a Reuters poll estimated this year's crop at around 7 million tonnes, in line with the previous harvest. Egypt, the world's biggest wheat importer, is aiming to boost domestic ...
Mon, 21 Apr 2014 00:44:02 -0700

Egypt to lift natural gas prices for homes, businesses
* Energy prices in Egypt among cheapest in world * Price hike only affects users connected to gas grid * Most citizens not connected to grid * Fuel subsidies to blame for energy sector woes (Adds oil ministry comment from state news agency report) By Maggie Fick CAIRO, April 21 (Reuters) - Egypt plans to double the price of natural gas piped into some homes and businesses from next month, but ...
Mon, 21 Apr 2014 05:15:57 -0700


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