Egypt Headlines

Planned protest goes ahead in Egypt

Lots of thousands of people have stormed the Egyptian capital to protest and demand the Islamist President Mohamed Morsi to step down from power as it marks a year since he came to power after the Ex President Hosni Mubarak was force to step down from office. According to reports from the BBC at least […]

Egypt Headlines

Egypt calls back banned investors

In a move to bring Egypt’s growth back to its pre-revolution era, Investment minister Yehya Hamed declared that he was ready to negotiate with businessmen close to Mubarak who fled Egypt during and after the revolution. The goal is to bring the economy to a 7% annual growth rate, allowing the country to breathe. According […]

Egypt Headlines

Egypt Intercepts Smuggled Gaza-Bound Missiles

Egyptian security forces have captured lately six U.S. made anti-tank and surface-to-air missiles that were on their way to be smuggled into the occupied Palestinian Gaza Strip. The weapons, which were intercepted in the Sinai desert, are believed to have come from Libya and to have been manufactured by U.S. firms. But some experts cast […]

Business Finance

Egypt, Tunisia to recover frozen assets from EU countries

Egypt and Tunisia will shortly recover the assets that were frozen under sanctions decreed by the European Union against their former presidents Hosni Mubarak and Zine El Abidine Ben Ali, who were both toppled in Arab Spring uprisings. The Council of the European Union announced Monday that the EU took steps to facilitate the return […]

Editorials Features Opinions

What Arab Spring? The Folly that is Henry Kissinger

When the 26-year-old fruit vendor, Mohammed Bouazizi – after being slapped around by local authorities one time too many – in an act of desperation and protest, set himself on fire in the Tunisian city of  Sidi Bouzid, no analyst or politician could have foreseen the wave of regional uprisings that were to follow. What […]

Business Emerging Markets

Egypt: tourism industry revived by land auctions

The revolt that brought an end to Hosni Mubarak’s presidency also prorogued the departure of investors and tourists in Egypt. To regain the 14.5 million visitors that generated 12.5 billion dollars, the actual tourism minister announced that lands will be auctioned for tourist developments. According to him “28 million sq meters will be put on […]

Features Headlines Portrait Profile

Ismail Serageldin, an enlightened scholar brought to court

Ismail Serageldin, the director of the Bibliotheca Alexandrina, is being sued for squandering public funds after library staff accused him of abuse of power claiming he unfairly appointed advisors and gave them huge salaries. He was also accused of embezzling donations destined to the library and illegally transferring them to a bank account controlled by […]