Egypt: EgyptAir flight disappears without any trace

On Thursday, an Airbus A320 of EgyptAir flying from Paris to Cairo, with 66 people onboard, including 10 crewmembers, disappeared from the radar while in Egyptian airspace. The circumstances surrounding its disappearance are yet unknown because it didn’t send out Read more

Egypt: Fitch Welcomes Pound Devaluation, Warns of Inflation Risk

The Central Bank of Egypt’s decision to devaluate the Egyptian pound by 14.4% against the US dollar was welcomed by credit rating agency, Fitch, as “credit positive” but added that “insecurity” and “political uncertainty” call for more measures as foreign Read more