Fuel prices rose dramatically in Egypt on Friday after the central bank floated the currency to address a dollar crunch that has threatened to cause some imports to grind to a halt. The oil ministry announced the increases in prices of subsidised petroleum products late Thursday as part of broader financial reforms. …
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Egypt floated the country’s pound Thursday as part of a raft of economic reforms. The government of President Abdel Fattah al-Sisi is rolling out an austerity programme and is seeking billions in support from abroad to meet conditions for a $12 billion loan from the International Monetary Fund. Floating the …
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Four Egyptian soldiers have been killed in the Sinai Peninsula, where the local branch of the Islamic State group regularly attacks security forces, the army said on Sunday. The troops were killed during operations around El-Arish in northern Sinai province, close to the border with the Gaza Strip, army spokesman …
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By Abdallah Homouda The Egyptian city of Luxor will host the 104th Session of the World Tourism Organisation (UNWTO) Executive Council over three days, from 30 October to 1 November 2016. Tuesday, 1 November, will also mark the beginning of the two day Fifth Global Summit on City Tourism, with …
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The President of the Cairo International Film Festival, Magda Wassef (L) and the artistic director, Youssef Cherif Rizkallah, give a press conference to present the 2016 edition on October 27, 2016 in the Egyptian capital Cairo. The 38th edition of the festival will take place from November 15 to 24. …
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Egyptian President Abdel Fattah al-Sisi has said the government will look into revising an anti-protest law and take recommendations on releasing jailed youths. Sisi’s comments came at the end of a two-day “youth conference” on Thursday, an effort to reach out to young Egyptians as the country braces for austerity …
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The International Monetary Fund said Thursday that Egypt should press ahead with economic reforms needed for a $12 billion loan. The government of President Abdel Fattah al-Sisi is rolling out an austerity program and seeking billions in financial support from other countries to meet conditions necessary for the IMF’s loan …
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At least 12 people were killed in heavy rains and flooding in parts of Egypt on Friday, the health ministry said. The toll included six people who died when a bus overturned on a flooded road in the southern province of Sohag. Four people died in the east’s Red Sea …
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A roadside bombing in the Egyptian capital targeting policemen killed a civilian on Friday, the interior ministry said. The bomb planted on the side of a road exploded as a police convoy was passing through the Ain Shams district in east Cairo, the ministry said in a statement. It wounded …
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An Egyptian appeals court upheld on Saturday a 20-year sentence for ousted president Mohamed Morsi, the first final ruling in a string of trials for the deposed Islamist leader. The Court of Cassation also upheld sentences against eight of his codefendants, including seven who received the same prison term and …
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