Church in Egypt

Egypt suspends customs duties on essential goods for six months

Egypt’s Premier Mostafa Madbouly announced Monday October 9 the government decision to suspend from next Saturday duties and customs on essential goods as part of the efforts to curb inflation, especially in food prices. Speaking at a press conference, Madbouly indicated that the government also agreed to reduce the prices of seven basic commodities by […]

AFP, or the voice of cynicism and hostility against Morocco

The bureau of Agence France Presse (AFP) in Rabat often discards the ethic of objectivity when dealing with Morocco and Moroccan news or exaggerates facts to lure readers.   The agency once again evidenced this lack of objectivity when it dealt lately with what it called the “case” of young student Nezha Majdi, from the […]

Egypt Gets $ 200 Million EBRD Loan for Power Plant Project

The European Bank for Reconstruction and Development (EBRD) has approved a US$ 200 million loan for the construction of a new 1.8 GW combined cycle gas-fired power plant in Damanhour, north west of Cairo. This loan will contribute to funding the US$ 1.3 billion total project cost, which is also being supported by the European […]