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Posted inEGYPT IN THE NEWS
Egypt is Germany’s top export destination for arms
Egypt is the top export destination for German arms in 3Q2017, having purchased around EUR 300 mn worth of weapons during the quarter. Germany approved arms exports to Egypt and Saudi Arabia worth a combined EUR 450 mn in 3Q2017 alone, “more than five times the EUR 86 mn it sold in the same quarter […]
Posted inEGYPT IN THE NEWS
Presidential elections could offer chance to mobilize opposition
The upcoming presidential elections campaign “offers an opening to mobilise opposition and breathe life into a political scene choked by the civil liberties crackdown,” despite an expected victory for President Abdel Fattah El Sisi, writes Heba Saleh for The Financial Times. “The [campaign provides] an opportunity to debate important issues because people feel there is […]
Posted inEGYPT IN THE NEWS
US evangelicals visiting Egypt were “reassured” by El Sisi’s commitment to religious freedom
An American evangelical delegation that visited Egypt last month was encouraged and reassured by Egypt’s commitment to religious freedom and combating terrorism, Jayson Casper writes for Christianity Today. The statement comes as Egypt has been getting flak for its treatment of religious minorities from both NGOs and the US State Department. US Vice President Mike […]
Posted inEGYPT IN THE NEWS
Man repeats feat of claiming Bir Tawil
An Indian man called Suyash Dixit has planted a flag in Bir Tawil, the terra nullius between Egypt and Sudan, and declared himself “king.” Dixity is not the first person to attempt such a stunt. Author Jack Shenker attempted a similar feat in 2011 and in June 2014 a 38-year-old farmer from Virginia named Jeremiah […]
Posted inEGYPT IN THE NEWS
Greco Roman Mummy discovered in Egypt
A Russian archaeological team discovered a mummy from the Greco Roman period in the village of Qalamshah, according to Pakistan Today. Mummification is generally associated with ancient Egypt but the practice did carry over into the Greco Roman era. While the wooden casket carrying the mummy was in need of restoration the mummy itself was […]
Posted inDiplomacy + Foreign Trade
Shoukry meets MBS, Omani FM
Foreign Minister Sameh Shoukry ended his Gulf tour yesterday with meetings with Saudi Crown Prince Mohamed Bin Salman and his counterpart Adel Al Jubeir, according to a Foreign Ministry statement. Egypt completely rejects attempts by Iran to shake the stability of Arab states, Shoukry told MbS. He stressed Egypt's strong condemnation of attacks against Riyadh […]
Posted inEnergy
Contracts for Egypt-Saudi interconnection project to be signed in February 2018
The Electricity Ministry is in the final stages of drafting the contracts for the Egypt-Saudi electricity interconnection project and expects to ink the agreement in February 2018, Minister Mohamed Shaker said yesterday, Al Shorouk reports. The project will see Egypt and Saudi Arabia exchange up to 3 GW of electricity. Trial operations are slated for […]
Posted inBasic Materials + Commodities
Supply Ministry denies reducing flour allocations for subsidized bread bakeries
The Supply Ministry is not imposing an across-the-board reduction to the flour it supplies to subsidized bread bakeries, Ministry Spokesperson Mamdouh Ramadan tells Al Masry Al Youm. A ministry source had claimed on Monday that the ministry would cut down flour allocations to bakeries in urban areas and the countryside to 70% and 50% of […]
Posted inReal Estate + Housing
Hisham Talaat Mostafa proposes imposition of 2% real estate industry development fee
Talaat Moustafa Group Chairman Hisham Talaat Moustafa proposed yesterday that real estate companies set aside 2% of their annual income as an industry development fee, Al Borsa reports. He added that proceeds could be as high as EGP 35 bn a year.