Egypt News
Egypt to replace finance minister in reshuffle: Source - (11 days ago)
ReutersEgypt's Prime Minister Hisham Kandil will remove Finance Minister Al-Mursi Al-Sayed Hegazy in a reshuffle expected to be completed later on Tuesday, a cabinet source said.Hegazy is expected to be replaced by Fayyad Abdel Moneim, the source said, giving no further details.Hegazy is an expert on Islamic finance who was appointed in January when Kandil last reshuffled his cabinet. Kandil has
New Egyptian ministers expected to swear oath on Tuesday morning - (11 days ago)
Eleven new government ministers are expected to be sworn into office by President Morsi on Tuesday morning before he departs for an official visit to Brazil.Sources within the government had said the reshuffle would be announced late Monday or early Tuesday.The ministries targeted in the reshuffle are expected to include the Ministry of Justice, whose minister Ahmed Mekki recently resigned, the
Egypt's new oil minister faces energy crunch - (11 days ago)
ReutersThe Egyptian prime minister said Monday that 11 ministers would be changed in a cabinet reshuffle that will include the oil ministry but is expected to fall short of opposition demands for a complete overhaul.The reshuffle looked set to include at least one member of President Mohamed Morsi's Muslim Brotherhood, though the group's overall share of seats will not be clear until the full
Stubbornness and lack of vision paralyse country: Egypt ElBaradei - (11 days ago)
Constitution Party founder Mohamed ElBaradei cited “popular” demands for a Cabinet reshuffle, appointment of a new prosecutor-general, and formulation of a committee to discuss the electoral law on his Twitter account on Monday, asking “where does the stubbornness and lack of vision come from?”ElBaradei’s posts seemed to implicitly criticise a presidential decision
Shots at Egypt PM's convoy not political act: Spokesman - (11 days ago)
A spokesman for Egypt’s Cabinet said on Monday that there were no political motivations behind an incident the day before when gunfire was directed at Prime Minister Hisham Qandil's convoy.A pickup truck fired birdshot pellets at Prime Minister Hisham Qandil's convoy as it was passing through Giza's Nahda Square on Sunday night.Spokesperson Alaa El-Hadidy explained in a press statement that
SocGen eyes 900 million euro savings after profit fall - (11 days ago)
Societe Generale (SOGN.PA), Frances No. 2 listed bank, is to cut 900 million euros ($1.18 billion) in costs over the next three years after a weak domestic economy and one-off charges halved quarterly earnings. The new savings will help the bank reach a new return-on-equity (ROE) target of 10 percent by end-2015, said Chief Executive Frederic Oudea. Excluding one-off items, SocGens ROE
Egypt's tourism rates are close to the 2010 peak: Minister - (12 days ago)
Egypt received roughly 2.86 million tourists during the first quarter of 2013, a 14.4 percent rise compared with the same period of last year, announced tourism minister Hisham Zaazou.Zaazou added that tourist numbers during the period from January to March show that the sector is recovering, and is expected to reach 2010 levels, when an estimated 14.7 million tourists visited Egypt generating
Opposition and Brotherhood clash in Egypt's Nile Delta - (12 days ago)
Clashes erupted late Sunday between opposition protesters and Muslim Brotherhood members in the city of Kafr El-Sheikh, leaving no reported casualties.The fight started when several assailants, identified as anti-Brotherhood, attacked a hall where members of the Muslim Brotherhood were holding a Labor Day celebration using stones, reported the Ahram Arabic website.The Muslim Brotherhood in return
Gunmen kill alcohol seller in Egypt's Sinai - (12 days ago)
Gunmen shot a man dead who was selling alcohol in Egypts Sinai Peninsula on Sunday in an attack security officials said was likely carried out by Islamist militants. The four gunmen killed Rami Ahmed, 28, at a bar on a main road near El-Arish, a town in the northern Sinai Peninsula. It is an area where Islamist militant influence has expanded since the uprising that toppled President Hosni
Egypt to reshuffle 11 ministers, including oil - (12 days ago)
The Egyptian prime minister said on Monday that 11 ministers would be changed in a cabinet reshuffle that will include the oil ministry but is expected to fall short of opposition demands for a complete overhaul. The reshuffle looked set to include at least one member of President Mohamed Mursis Muslim Brotherhood, though the groups overall share of seats will not be clear until the full
UPDATE 2-Egypt to reshuffle 11 ministers, including oil - (12 days ago)
The Egyptian prime minister said on Monday that 11 ministers would be changed in a cabinet reshuffle that will include the oil ministry but is expected to fall short of opposition demands for a complete overhaul.The reshuffle looked set to include at least one member of President Mohamed Mursis Muslim Brotherhood, though the groups overall share of seats will not be clear until the full
UPDATE 1-Egypt to reshuffle 11 ministers, including oil - (12 days ago)
The Egyptian prime minister said on Monday that 11 ministers would be changed in a cabinet reshuffle that is expected to include the ministry of petroleum but will fall short of opposition demands for a complete overhaul.President Mohamed Mursi announced on April 20 that he would reshuffle a cabinet widely criticised for failing to revive an economy facing a deep crisis because of more than two
MIDEAST STOCKS - Factors to watch - May 6 - (13 days ago)
Here are factors that may affect Middle East stock markets on Monday. Reuters has not verified the press reports and does not vouch for their accuracy. INTERNATIONAL/REGIONAL* GLOBAL MARKETS-Asian stocks inspired by Wall St rally, U.S. data* Crude rallies after Israel hits Syrian targets; US data supports* MIDEAST STOCKS-Improving macro indicators support UAE mkts; Saudi slips* Gulf airlines
Egypt's prime minister unhurt by shooting near his car: police - (13 days ago)
Egyptian police on Sunday detained a young man who opened fire on Prime Minister Hisham Kandils convoy and his four companions in Cairo in an incident the authorities said had no political motive. Kandil was not injured. The young men were on their way to settle a feud when their vehicle crossed paths with Kandils convoy at 11 p.m. (5 p.m. EST)in Dokki, a residential and commercial
Gunmen kill alcohol seller in Egypt's Sinai - (13 days ago)
Gunmen shot a man dead who was selling alcohol in Egypts Sinai Peninsula on Sunday in an attack security officials said was likely carried out by Islamist militants. The four gunmen killed Rami Ahmed, 28, at a bar on a main road near El-Arish, a town in the northern Sinai Peninsula. It is an area where Islamist militant influence has expanded since the uprising that toppled President Hosni
Israel strikes Syria, says targeting Hezbollah arms - (13 days ago)
Israeli jets devastated Syrian targets near Damascus on Sunday in a heavy overnight air raid that Western and Israeli officials called a new strike on Iranian missiles bound for Lebanons Hezbollah. As Syrias two-year-old civil war veered into the potentially atomic arena of Irans confrontation with Israel and the West over its nuclear program, people were woken in the Syrian capital by
Egypt condemns Israeli attack on Syria - (13 days ago)
Egypt condemned an Israeli attack on Syria on Sunday, saying it complicated a crisis that Cairo was trying to help resolve. Israel carried out its second air strike in days on Syria, targeting Iranian-supplied missiles headed for Lebanons Hezbollah, a Western intelligence source said.In a statement, Egypts presidency said the attack was a violation of international law and a threat to regional
MIDEAST STOCKS-Improving macro indicators support UAE mkts; Saudi slips - (13 days ago)
Most Gulf markets rose on Sunday as upbeat sentiment in local fundamentals encouraged renewed buying, while Saudi Arabias bourse slipped from a three-week high as investors book gains. UAE bourses rallied, with Dubais measure up 1.9 percent to end at a fresh 41-month high. The number of shares changing hands - at 547.9 million - is the highest one-day volume on the index in 14 months.Air Arabia
Improving macro indicators support UAE mkts; Saudi slips - (13 days ago)
Most Gulf markets rose on Sunday as upbeat sentiment in local fundamentals encouraged renewed buying, while Saudi Arabias bourse slipped from a three-week high as investors book gains. UAE bourses rallied, with Dubais measure up 1.9 percent to end at a fresh 41-month high. The number of shares changing hands - at 547.9 million - is the highest one-day volume on the index in 14
Booze and bikinis are welcome in Egypt, says tourism minister - (13 days ago)
Islamist-ruled Egypt is open to visitors who drink alcohol and wear bikinis as it sets out to boost numbers by at least a fifth this year, the tourism minister said on Sunday. Tourism is a pillar of the Egyptian economy but has suffered since a popular uprising toppled President Hosni Mubarak in 2011 and set off two years of periodic rioting and instability. The minister, Hisham Zaazou,
Egypt court adjourns trial of Egyptian activist Doma - (13 days ago)
A court in Tanta has adjourned the trail of Ahmed Doma for insulting the president until 13 May, Al-Ahram Arabic news website reported on Sunday.The case against Doma is suspicious and raises a lot of question marks, Khaled Ali, one of Doma's lawyers, said on Sunday.Ali, who stood for president last year, said Prosecutor-General Talaat Abdullah referred the case to Tanta's appeal prosecution but
Union to appeal railway workers guilty verdict in Badrashin accident - (13 days ago)
The Railway Workers' Union announces it will appeal the involuntary manslaughter and negligence ruling against rail workers involved in the Badrashin train accident in Upper Egypt that killed at least 19 police conscripts.Union President Mohamed Fouad abstained from commenting on the ruling against train driver Magdy Gerges and supervisors Mohamed Metwaly and Kareem Rofaeil. They each were fined
Egypt eyes 5.5 pct budget deficit in 2016-17 - Fin Min - (13 days ago)
Egypt hopes to lower its budget deficit to 5.5 percent in the 2016-1017 fiscal year from 10.7 percent in 2012/13, the finance minister told Egypts Al-Ahram daily newspaper on Saturday. Egypts budget deficit will reach 197.5 billion Egyptian pounds ($28.7 billion) or 9.5 percent of gross domestic product in the fiscal year starting July 1 after a revised 184.9 billion pounds or 10.7 percent in
Insight: Egypt opposition can't harvest Brotherhood unpopularity - (13 days ago)
Its harvest time in Egypt but the secular opposition is reaping scant benefit from the Muslim Brotherhoods difficulties in government, two years after an Arab Spring uprising swept away President Hosni Mubarak. Many Egyptians are looking to the army, or to more radical Salafi Muslim groups, rather than to liberal or leftist parties as Islamist President Mohamed Mursi and his cabinet struggle to
Egyptian cabinet to be reshuffled by end of week: report - (13 days ago)
The Egyptian cabinet will be reshuffled by the end of the week, a state-run newspaper reported, pointing to a delay in efforts to revamp a government widely criticized for failing to get the economy moving and to conclude a much-needed IMF loan deal. President Mohamed Mursi announced on April 20 he would carry out the reshuffle, generating hope of a more inclusive cabinet that could build
Insight: Egypt opposition can't harvest Brotherhood unpopularity - (13 days ago)
Its harvest time in Egypt but the secular opposition is reaping scant benefit from the Muslim Brotherhoods difficulties in government, two years after an Arab Spring uprising swept away President Hosni Mubarak. Many Egyptians are looking to the army, or to more radical Salafi Muslim groups, rather than to liberal or leftist parties as Islamist President Mohamed Mursi and his cabinet struggle to
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Ministers in Prime Minister Hisham Qandil's cabinet following the recent reshuffle (new appointees are in italics): 1. Minister of Agriculture Ahmed Mahmoud Ali El-Gizawi2. Minister of Antiquities Ahmed Eissa3. Minister of Aviation Wael Maadawi4. Minister of Communication Atef Helmy5. Minister of Culture
AP— April 15, 2013: Two bombs explode in the packed streets near the finish line of the Boston Marathon, killing three people and injuring more than 140.— January 17, 2011: A backpack bomb is placed along a Martin Luther King Day parade route in Spokane, Washington, meant to kill and injure participants in a civil rights march, but is found and disabled before it can explode. White
The convenient marriage between Iran and the Arab left would have been unthinkable only a few years ago, given the traditional ideological paradoxes between patriarchal Persian Shiism, on the one hand, and leftist orthodoxy on the other.Indeed, a casual viewer of Hizbullah's Al-Manar television, or the Iranian-funded Al-Mayadin TV, these days would probably think that the two Shia propaganda
"Abdullah's appointment was done via constitutional decree; it was a sovereign act by the head of the executive and therefore cannot be reversed by court ruling," said one leading FJP/Brotherhood figure. His comments echoed earlier assertions by Brotherhood lawyer Abdel-Moneim Abdel-Maksoud.The return of former prosecutor-general Mahmoud is "not going to happen," according to several government
