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Despite Egypt’s efforts to expand the Suez Canal to reduce the transit period at the canal and increase revenues, the tunnel is seemingly snubbed by freighters as vessels are increasingly bypassing the Suez Canal for the traditional round the Africa Read more
Egyptian Prime Minister Sherif Ismail informed the parliament that the country’s debt has soared to around $293 billion (EGP 2.3 trillion) almost a year after the Central Agency for Public Mobilization and Statistics stated in a March 2015 report that Read more
Japanese Prime Minister Shinzo Abe Monday announced a $17.7 billion business project of Japanese companies in Egypt, funds that will weigh heavily into the Egyptian crumbling economy in need of foreign reserve and cash. Abe who made the announcement after Read more
The Egyptian parliament frowned at one of its members, Tawfik Okasha, for hosting Israeli Ambassador to Egypt Haim Koren at his home last Thursday. Some members of parliament called for sanctions against Okasha and also condemned him for inviting the Read more
After months of claiming that investigations did not find any foul play concerning the Russian airplane that was downed over the Sinai desert shortly after takeoff from Sharm el-Sheikh airport on October 31, Egypt hinted without clearly stating it that Read more
Prime Minister Sharif Ismail and Interior Minister apologized to Egyptians for the police brutalities that have been making the headlines since the beginning of the year. “We apologize for the acts of some policemen, we kiss the head of every Read more
A source at the Central Bank of Egypt (CBE) has ruled out plans to devalue the country’s currency as the state continues to struggle with meeting the demands of businessmen through tri-weekly US dollar auctions while balancing foreign reserves. Investment Read more
Morocco is taking part in the North Thunder joint military drills started on Monday in Hafer al-Batin in northeastern Saudi Arabia, along some 20 Arab and Islamic countries, notably Egypt, Jordan, Gulf Cooperation Council Members, Malaysia, Pakistan, Sudan, and Yemen. Read more
Gaza’s only access to the outside world beyond Israel’s control was opened by Egyptian authorities on Saturday for 2 days. The Rafah crossing point is in southern Gaza and hundreds have headed towards the area hoping to be able to Read more
Russia’s powerful Federal Security Service (FSB) announced it nabbed seven members of the Islamic State who were planning terrorist attacks on Russian soil. The seven members are from Russia and from some Central Asian countries and are led by a Read more