Egypt Features Headlines

Underground Egyptian Cell Nabbed in UAE

United Arab Emirates security services have said they disrupted lately an Egyptian Muslim Brotherhood network that “recruited Egyptian expatriates in the UAE” and “received instruction on means of changing leadership in Arab countries”. According to Al-Khaleej newspaper, the group, made of a dozen people including three doctors, held “secret meetings” across the oil-rich country, set […]

Business Finance

S&P Lowers Egypt’s Credit Rating Outlook to Negative

World rating agency Standard & Poors has downgraded its long-term foreign- and local-currency sovereign credit ratings of Egypt to ‘B-‘ from ‘B’. It has also switched its outlook is negative, citing recent political developments that weakened Egypt’s institutions and the increasingly polarized political discourse that could undermine the effectiveness of policy-making. According to S&P, a […]

Egypt Headlines

Egypt Gets Turkish-made ANKA Drones

Egypt has purchased ten Turkish-made ANKA drones after months of secret negotiations between the two countries before reaching deal, first of its kind after the fall of former President Hosni Mubarak in a popular uprising in 2011. With a 56-foot wingspan, the unmanned aerial vehicle (UAV) has the ability to fly 24 hours at a […]