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26 Mar 2017

China, Egypt lifted a ban on imports of meat from Brazil

China lifted a ban on imports of meat from Brazil on Saturday after Brazilian authorities clarified details of a police investigation into alleged bribery of health inspectors, in a victory for President Michel Temer's efforts to stem damage from the probe.

"...

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26 Mar 2017

Egypt commuters furious as Cairo metro doubles ticket price

Egypt has doubled the price of tickets on Cairo's busy metro network, which carries millions of commuters a day, angering Egyptians battling skyrocketing living costs.

Egyptian authorities increased the fare to two Egyptian pounds (0.11 US cents) on Friday, state media ...

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26 Mar 2017

Egypt's AC inks Kuwaiti Al-Nuwaiseeb road mega development project contract

Egypt's Arab Contractors Company (AC) said it has signed a contract to develop the Al-Nuwaiseeb road project in Kuwait, with cost of around 170 million Kuwaiti dinars ($558.3 million).

The Egyptian construction firm"...

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26 Mar 2017

CPA bans UBER advertising campaign in Egypt

The Consumer Protection Agency (CPA) has ordered UBER to stop all its affiliate ads as they were found to violate the common feelings and taste of the community; the company was ordered to immediately remove advertisements from the"...

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26 Mar 2017

Central Bank of Egypt governor denies resignation

Tarek Amer, Central Bank of Egypt's governor, said in remarks to Al-Arabiya news website that he did not resign from his position.

Amer further added that there was no reason to resign, especially now after the bold"...

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26 Mar 2017

Stock prices are rising, but 92mn Egyptians care about their food

Since Egypt devalued its currency, life in Cairo has gotten a lot easier if you sell stocks for a living – and a lot harder if you sell fruit.
Mostafa Nagaty at Arqaam Capital says he’d begun to fear that “this profession was dying.”
Investors had fled Egypt after the...

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26 Mar 2017

UAE participates in Council of the Arab League meeting

The United Arab Emirates, UAE, today participated in a meeting of the Council of the Arab League, being held by permanent representatives of Member States in preparation for a meeting of Arab foreign ministers, set to be held on Monday ahead of the 28th Arab Summit.

Ambassador"...

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26 Mar 2017

'Good theatre for children is essential': UK's renowned 'scrapologist' Patricia Baker in Cairo

The seventh edition of the Hakawy International Arts Festival for Children (7-16 March) brought plays and creative activities from Egypt, Germany, the UK and the USA. As is the case each year, while the plays gave the young audience a lot of fun, they also opened their eyes to many issues, triggering thoughts and igniting the imagination. Each play offered something...

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26 Mar 2017

Egypt aware of Iran’s regional significance, says Cairo

Egypt has described the Islamic Republic of Iran as a big and significant country in the region. As a big and vast regional nation, Iran remains to be an influential country, Ahmed Abu Zeid Spokesperson of Egypt’s Ministry of Foreign Affairs was quoted as saying during an interview with Egypt’s state radio.

We are well aware of Iran’s...

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26 Mar 2017

Egypt doubles ticket price on Cairo metro, angering commuters

Egypt doubled the price of tickets for millions of commuters on Cairo's loss-making metro on Thursday, angering residents already hit by a sharp rise in living costs.

Transport Minister Hisham Arafat said the increase to 2 Egyptian pounds (11 U.S. cents), effective from Friday, followed losses of 500 million pounds which put the network at risk,"......

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