Africa Egypt Headlines

Egypt’s support to Haftar’s army is a national priority, President al-Sisi

President al-Sisi of Egypt has confirmed that his government has been providing support to the Libyan National Army (LNA) under the command of Field Marshall Khalifa Haftar. The Egyptian president stated that “it is our country’s priority to back up national armies, for example in Libya, to assert control over Libyan territories and deal with […]

Africa Egypt Headlines

Al-Sisi, against all odds, expresses support for Bachar

Egyptian President Abdel Fattah al-Sisi has said he supports the Syrian military, a position at odds with his country’s Gulf donators like Saudi Arabia. The former army chief, who has overseen a warming of ties with Syrian President Bashar al-Assad’s main backer Russia, made the comments during an interview aired Tuesday with Portuguese broadcaster RTP. […]

Egypt Headlines

Egypt: Minister of Supply Steps Down amid Wheat Corruption Scandal

Egypt’s Minister of Supply in charge of the governmental food subsidy program has resigned amid growing public outrage over a wheat corruption scandal, triggered by false wheat procurement figures. Khaled Hanafi could not withstand public discontent over state funds embezzlement cases reported in his department. “Experience has proven that being in a position of authority […]

Egypt Headlines

Egypt: Gunmen Kill Two Soldiers, Informant at Checkpoint

Gunmen Sunday killed an informant and two soldiers in the province of Menoufia, north of capital Cairo, in an attack at a security check-point, reports say. Security authorities are combing the area -80 km north of the capital, in search of the attackers, who managed to flee, Reuters reports. Egyptian security forces have been facing […]

Egypt Headlines

Egypt: Gunmen Kill Two Soldiers, Informant at Checkpoint

Gunmen Sunday killed an informant and two soldiers in the province of Menoufia, north of capital Cairo, in an attack at a security check-point, reports say. Security authorities are combing the area -80 km north of the capital, in search of the attackers, who managed to flee, Reuters reports. Egyptian security forces have been facing […]

Egypt Headlines

Egypt: Cabinet Lambasts Western Media Critical of al-Sisi’s Economic Management

The Egyptian government has slammed New York-based Blomberg media and London-based The Economist for their critical reports on the Egyptian economy, which, they said, is doing poorly due to President al-Sisi’s incapacity to drive the country out of the difficult economic situation it has been facing since 2011. Blomberg’s editorialist on Tuesday put the economic […]

Egypt Headlines

Egypt: Judoka Islam El Shehaby Sent Home for Snubbing Israeli Opponent’s Handshake

The Egyptian judo athlete who caught world attention for snubbing handshake with his Israeli opponent after their contest in the Rio Olympics has been sent back home by his own team for the unfriendly behavior, the International Olympic Committee announced Monday. “The Disciplinary Commission (DC) considered that his behavior at the end of the competition […]

Algeria Business Egypt Finance Headlines

Nigeria’s Crisis Rings Alarm Bell in Algeria

Nigeria’s President Muhammadu Buhari comment saying that his country has suddenly became a poor country, resounded in Algiers as an alarm bell on the repercussions of the plummeting oil prices. Like Algeria, Nigeria depends on oil whose prices crashed to 37 dollars a barrel, and in the best cases oscillate between 40 dollars and 45 […]

Egypt Headlines

Controversy Surrounds IMF-EGYPT $12 billion Loan Deal

The International Monetary Fund (IMF) recently reached an initial agreement to lend $12 billion to Egypt to bolster an economy battered by years of unrest, a move that was denounced by some activists who see the loan terms will further cripple the Egyptian economy. A letter by a number of political groups and figures was […]

Egypt Headlines

Egypt Strives to Attract Foreign Investment

The Egyptian government is putting the final touches on new foreign direct investment (FDI) council to be launched very soon in a bid to drain more foreign capital needed by the North African country to support its battered economy. President Abdel Fatah al-Sisi has given green light for setting up a Higher Council for Investment. […]