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Egypt News Journal
New Egypt tax law: cuts for poor, business hikes
Egypt's president signed a new tax law Tuesday that cuts the amount paid by poorer Egyptians in the latest move aimed at reforming the country's economy. The changes, which are more favorable than the ...
Egypt troops in Sinai sweep mistakenly hit funeral
CAIRO (AP) — Egyptian troops and police mistakenly fired on a Bedouin funeral in the Sinai Peninsula on Tuesday, security officials said, in the opening salvo of a sweep searching for security personnel kidnapped by suspected militants.
New Egypt tax law: cuts for poor, business hikes
Egypt's president has signed a new tax law that cuts the amount paid by poorer Egyptians while increasing taxes on small and medium-sized businesses. The interim parliament approved the law last week. ...
Egypt's army blocks roads in Sinai in hunt for kidnappers
CAIRO (Reuters) - Egypt's army and police stepped up roadblocks in an area of northern Sinai as they tried to track down militant Islamists who kidnapped seven security officers last week, a security source said on Tuesday. The militants seized the men on a road between the towns of el-Arish and Rafah near the border with Gaza on Thursday, in a challenge to the government's failing efforts to ...
Egypt's 'rebels' protest Morsi
CAIRO – Once again, a handful of activists has managed to galvanize and inspire Egypt’s grumbling masses in a way no opposition political parties have been able to.
Egypt's army blocks roads in Sinai in hunt for kidnappers
CAIRO (Reuters) - Egypt's army and police stepped up roadblocks in an area of northern Sinai as they tried to track down militant Islamists who kidnapped seven security officers last week, a security source said on Tuesday. The militants seized the men on a road between the towns of el-Arish and Rafah near the border with Gaza on Thursday, in a challenge to the government's failing efforts to ...
IMF says Egypt budget gap worrying, urges Yemen to finalise economic programme
By Martin Dokoupil DUBAI (Reuters) - Egypt's worsening fiscal gap is a concern but the International Monetary Fund is still ready to continue talks on a $4.8 billion loan once Cairo completes a review of its economic programme, a senior IMF official said. "We are ready to engage with them on reviewing and finalising the programme as soon as they completed it," Masood Ahmed, IMF Director for the ...
Egypt’s Dollar Black Market Premium Falls Amid Pound Decline
The premium dealers demand for dollars in Egypt’s unofficial currency market is falling as the pound goes through what JPMorgan Asset Management called “non- chaotic maximum devaluation.”
Egypt tourist arrivals rise, not back to pre-revolt levels
CAIRO (Reuters) - The number of tourists visiting Egypt rose in the first four months of 2012, the cabinet said on Tuesday, but analysts say the sector is still suffering from the aftermath of the country's 2011 uprising. The revolt that ousted President Hosni Mubarak sparked more than two years of protests, riots and political instability, denting Egypt's tourism sector - a major employer and ...
Egypt tourist arrivals rise, not back to pre-revolt levels
CAIRO (Reuters) - The number of tourists visiting Egypt rose in the first four months of 2012, the cabinet said on Tuesday, but analysts say the sector is still suffering from the aftermath of the country's 2011 uprising. The revolt that ousted President Hosni Mubarak sparked more than two years of protests, riots and political instability, denting Egypt's tourism sector - a major employer and ...
Egypt's 'rebels' gather millions of signatures
CAIRO – Once again, a handful of activists has managed to galvanize and inspire Egypt’s grumbling masses in a way no opposition political parties have been able to.
IMF raises Egypt 2013 CPI f'cast to 10.9 pct, highest since 2010
DUBAI (Reuters) - Inflation in Egypt is expected to climb to 10.9 percent this year, the highest level since 2010, the International Monetary Fund said on Tuesday, more than it expected in April. "Inflation is expected to rise in Egypt, Jordan, Morocco, and Tunisia, reflecting recent and planned subsidy cuts and, in some cases, pressure from monetization of fiscal deficits and supply shortages ...
Echoes of Egypt's revolution far from Cairo
How the shake-up in Egypt is being felt far from Cairo
Egypt: Security Beefed up in Sinai After Abduction
Security beefed up in Egypt's Sinai after kidnapping of security personnel
The Egypt-Israel peace test
In a region as volatile as the Middle East, no country can afford to take peace for granted.