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Egypt News Journal

Egypt's cash-strapped rulers woo former regime tycoons

Almost three years after an uprising fuelled by the old regime's venality, Egypt's cash-strapped Islamist government is making amends with businessmen who offer to pay their way back into the fold.

Egypt's cash-strapped rulers woo former regime tycoons

Egypt's cash-strapped Islamist government is making amends with businessmen who offer to pay their way back into the fold. -AFP        

Egypt to issue smart cards to fuel stations next month

CAIRO (Reuters) - Egypt will begin using smart cards in the next few weeks to distribute gasoline and diesel, Oil Minister Sherif Haddara said on Thursday, in a step towards meeting IMF terms for a loan. The first smart cards will go to fuel stations and then the program will widen to include all car owners. The government is turning to smart cards to reduce the amount of money it spends on ...

Tourism in Egypt: Hope amid a slow recovery

The millions of people working in tourism in Egypt have been hit hard by the unrest. Here's what they're thinking.

EasyJet's Egypt deal remains up in the air

High-flying UK budget airline wants to bring tourists to Cairo, but a deal reached in 2010 has taken a nosedive.

2011 Jail Breaks Become Political Issue in Egypt

Egypt's 2011 jailbreaks still a mystery, carry potential embarrassment for Islamist leader        

Egypt leader claims victory in captives' release

CAIRO (AP) — The safe release Wednesday of seven conscripts kidnapped by suspected militants in Sinai brought a victory for Egypt's Islamist president after months of criticism that his government is mismanaging the country.

Kidnapped soldiers freed in Egypt

Seven Egyptian soldiers who were kidnapped six days ago in the Sinai Peninsula have been freed, the spokesman for Egypt's armed forces said Wednesday.

Egypt keeps currency price steady at special auction

CAIRO (Reuters) - Egypt's central bank kept the price of the country's currency steady against the dollar at a special $800 million foreign exchange auction on Wednesday, called to help importers pay for wheat, meat, cooking oil and other essential imports. It did not say how much currency it actually sold. Egypt has used up its foreign currency reserves, reducing them to critical levels to ...

Egypt Boosts FX Sale for Commodities as S&P Warns on Inflation

Egypt’s central bank will offer a record $800 million at a currency auction to local lenders today to finance imports of staple foods and medicines after Standard & Poor’s warned of accelerating inflation.

Egypt: 7 security men kidnapped in Sinai freed

CAIRO (AP) — Six Egyptian policemen and a border guard kidnapped by suspected militants in the Sinai Peninsula last week were freed by their captors Wednesday after successful mediation in the volatile region, the country's military spokesman said.

Egypt TV: 7 security men kidnapped in Sinai freed

CAIRO (AP) — Egyptian state TV says six policemen and a border guard kidnapped by suspected militants in the Sinai Peninsula last week have been freed.

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 ...

New Egypt tax law: cuts for poor, business hikes

CAIRO (AP) — 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.

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.