Egypt Unrest

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  • Al-Jazeera television journalists Mohamed Fahmy (L) and Baher Mohamed are seen at a court in Cairo
    Amnesty says Egypt using courts and jail to intimidate journalists Reuters - 1 hour 26 minutes ago

    Egyptian authorities are using the courts to stifle journalism, Amnesty International said on Sunday in a report that listed 18 reporters and media workers jailed … More »Amnesty says Egypt using courts and jail to intimidate journalists

    Al-Jazeera television journalists Mohamed Fahmy (L) and Baher Mohamed are seen at a court in Cairo

    Egyptian authorities are using the courts to stifle journalism, Amnesty International said on Sunday in a report that listed 18 reporters and media workers jailed and dozens more facing criminal investigations. Rights groups say a crackdown launched by the government of President Abdel Fattah al-Sisi after the overthrow …

  • A boy carries grain stocks to a threshing machine during a wheat crop harvest in 6 October village in Nile Delta province
    Egypt says local wheat purchases 750,000 tonnes so far -minister Reuters - Fri, 1 May, 2015

    Egypt's supplies minister said on Friday that Egypt had procured about 750,000 tonnes of local wheat since the current season began in mid-April. Khaled Hanafi … More »Egypt says local wheat purchases 750,000 tonnes so far -minister

    A boy carries grain stocks to a threshing machine during a wheat crop harvest in 6 October village in Nile Delta province

    Egypt's supplies minister said on Friday that Egypt had procured about 750,000 tonnes of local wheat since the current season began in mid-April. Khaled Hanafi said in a statement that Egypt expects to take in around 3.7 million tonnes of local wheat, which will allow it to ensure strategic reserves until the beginning …

  • An employee holds up a fuel pump nozzle after filling up a car at a CO-OP gas station in Cairo
    Egypt plans smart card system for fuel from mid-June Reuters - Thu, 30 Apr, 2015

    Egypt will begin rolling out a smart card system for subsidised fuel from June 15, the head of the firm overseeing the project said, part of plans to reduce costly … More »Egypt plans smart card system for fuel from mid-June

    An employee holds up a fuel pump nozzle after filling up a car at a CO-OP gas station in Cairo

    Egypt will begin rolling out a smart card system for subsidised fuel from June 15, the head of the firm overseeing the project said, part of plans to reduce costly energy subsidies over time. Fuel subsidies have long weighed on Egypt's state budget and contributed to the economic stagnation that President Abdel Fattah …

  • A boy carries grain stocks to a threshing machine during a wheat crop harvest in 6 October village in Nile Delta province
    Egypt's GASC says local wheat purchases 700,000 tonnes so far Reuters - Thu, 30 Apr, 2015

    ABU DHABI (Reuters) - Egypt's state grain buyer, the General Authority for Supply Commodities (GASC) said on Thursday it had procured around 700,000 tonnes of … More »Egypt's GASC says local wheat purchases 700,000 tonnes so far

    A boy carries grain stocks to a threshing machine during a wheat crop harvest in 6 October village in Nile Delta province

    ABU DHABI (Reuters) - Egypt's state grain buyer, the General Authority for Supply Commodities (GASC) said on Thursday it had procured around 700,000 tonnes of local wheat since the current season began in mid-April. The world's largest importer of wheat, Egypt is targeting 3.7 million tonnes of local purchases this …

  • Egypt's Suez Cement posts fall in Q1 net profit to $7.6 mln Reuters - Thu, 30 Apr, 2015

    CAIRO (Reuters) - Suez Cement, Egypt's largest listed cement maker by market value, on Thursday reported a first-quarter net profit of 58 million Egyptian pounds … More »Egypt's Suez Cement posts fall in Q1 net profit to $7.6 mln

    CAIRO (Reuters) - Suez Cement, Egypt's largest listed cement maker by market value, on Thursday reported a first-quarter net profit of 58 million Egyptian pounds ($7.60 million), down from 169 million a year earlier. Revenue fell 3 percent said Suez Cement citing "unforeseen pressures" in the construction …

  • Egypt's Qalaa Holdings posts $115 mln year loss Reuters - Thu, 30 Apr, 2015

    Qalaa Holdings, one of Egypt's largest investment firms, reported a full-year net loss of 879.6 million Egyptian pounds ($115.3 million) on Thursday but said it … More »Egypt's Qalaa Holdings posts $115 mln year loss

    Qalaa Holdings, one of Egypt's largest investment firms, reported a full-year net loss of 879.6 million Egyptian pounds ($115.3 million) on Thursday but said it would return to profit by the end of this year. Qalaa said its full-year net loss represented a 54 percent improvement from the previous year's pro forma loss …

  • Egypt sentences 69 to prison for church attack -judicial sources Reuters - Wed, 29 Apr, 2015

    Sixty-nine suspected Muslim Brotherhood supporters were each sentenced to 25 years in prison in Egypt on Wednesday for attacking and burning a church in a village … More »Egypt sentences 69 to prison for church attack -judicial sources

    Sixty-nine suspected Muslim Brotherhood supporters were each sentenced to 25 years in prison in Egypt on Wednesday for attacking and burning a church in a village near Cairo in 2013, judicial sources said. The church in the village of Kafr Hakim, near Kerdasa just outside Cairo, was burnt in August 2013 in a wave of violence …

  • Greece seeks to define sea boundaries with Egypt, Cyprus Reuters - Wed, 29 Apr, 2015

    Greece will launch consultations with Egypt and Cyprus to establish maritime boundaries in the eastern Mediterranean, Prime Minister Alexis Tsipras said on Wednesday. … More »Greece seeks to define sea boundaries with Egypt, Cyprus

    Greece will launch consultations with Egypt and Cyprus to establish maritime boundaries in the eastern Mediterranean, Prime Minister Alexis Tsipras said on Wednesday. Tsipras, who was visiting Cyprus, said those boundaries - which are normally a precursor to a state licensing for offshore oil and gas exploration - would …

  • Egypt's Mobinil sells unit stake to Eaton Towers subsidiary Reuters - Wed, 29 Apr, 2015

    Egypt's Mobinil said on Wednesday it had sold its stake in an Egyptian mobile tower services firm to a subsidiary of telecommunications tower firm Eaton Towers in … More »Egypt's Mobinil sells unit stake to Eaton Towers subsidiary

    Egypt's Mobinil said on Wednesday it had sold its stake in an Egyptian mobile tower services firm to a subsidiary of telecommunications tower firm Eaton Towers in a deal worth about 1 billion Egyptian pounds ($131.15 million). The mobile phone carrier said it had sold its 99.99 percent stake in the Egyptian Company for …

  • Sainsbury's Boss Jailed In Absentia In Egypt
    Sainsbury's Boss Jailed In Absentia In Egypt Sky News - Wed, 29 Apr, 2015

    Sainsbury's has moved to reject a legal judgment in Egypt that has resulted in a two-year jail sentence being imposed on its chief executive. The supermarket chain … More »Sainsbury's Boss Jailed In Absentia In Egypt

    Sainsbury's Boss Jailed In Absentia In Egypt

    Sainsbury's has moved to reject a legal judgment in Egypt that has resulted in a two-year jail sentence being imposed on its chief executive. The supermarket chain issued a statement after The Times reported that Mike Coupe was convicted, in absentia, in a case relating to Sainsbury's failed foray into the Egypt market …

  • Egypt's President Sisi speaks during a news conference with Greek President Pavlopoulos in Cairo
    Egypt's Sisi says parliamentary election to be held before year-end: El Mundo Reuters - Wed, 29 Apr, 2015

    An Egyptian parliamentary election that was due in March will be held before the end of the year, President Abdel Fattah al-Sisi told the Spanish newspaper El Mundo … More »Egypt's Sisi says parliamentary election to be held before year-end: El Mundo

    Egypt's President Sisi speaks during a news conference with Greek President Pavlopoulos in Cairo

    An Egyptian parliamentary election that was due in March will be held before the end of the year, President Abdel Fattah al-Sisi told the Spanish newspaper El Mundo in an interview published on Wednesday. The election was put on hold after the Supreme Constitutional Court ruled that part of the election law was unconstitutional. …

  • A Sainsbury's supermarket sign is seen in London
    Sainsbury's rejects Egypt legal case against CEO Coupe Reuters - Wed, 29 Apr, 2015

    British supermarket Sainsbury's on Wednesday rejected all allegations against its chief executive after it emerged he was sentenced in absentia last September to … More »Sainsbury's rejects Egypt legal case against CEO Coupe

    A Sainsbury's supermarket sign is seen in London

    British supermarket Sainsbury's on Wednesday rejected all allegations against its chief executive after it emerged he was sentenced in absentia last September to two years in an Egyptian jail after being found guilty of embezzlement. Chief Executive Mike Coupe attended a court hearing in Giza last Sunday to try to overturn …

  • Qalaa Holdings Chairman Ahmed Heikal is seen at Qalaa's section at the Egypt Economic Development Conference in Sharm el-Sheikh
    Egypt's Qalaa Holdings seeks exit from small loan firm Tanmeyah Reuters - Tue, 28 Apr, 2015

    Qalaa Holdings, one of Egypt's largest investment firms, is considering the sale of its 70 percent stake in Tanmeyah, which provides small loans to low-income people … More »Egypt's Qalaa Holdings seeks exit from small loan firm Tanmeyah

    Qalaa Holdings Chairman Ahmed Heikal is seen at Qalaa's section at the Egypt Economic Development Conference in Sharm el-Sheikh

    Qalaa Holdings, one of Egypt's largest investment firms, is considering the sale of its 70 percent stake in Tanmeyah, which provides small loans to low-income people who cannot otherwise access financial services. Divesting a controlling stake in the North African country's biggest private microfinance provider is part …

  • A military helicopter flies above a container ship in the Suez canal near Ismailia port city, northeast of Cairo
    Egypt's Suez Canal revenues at $420.1 mln in March - government website Reuters - Tue, 28 Apr, 2015

    CAIRO (Reuters) - Egypt's revenue from the Suez Canal was $420.1 million in March, a government website said on Tuesday, up from $382 million in February. The … More »Egypt's Suez Canal revenues at $420.1 mln in March - government website

    A military helicopter flies above a container ship in the Suez canal near Ismailia port city, northeast of Cairo

    CAIRO (Reuters) - Egypt's revenue from the Suez Canal was $420.1 million in March, a government website said on Tuesday, up from $382 million in February. The fastest shipping route between Europe and Asia is one of Egypt's main sources of foreign currency.

  • Former Egyptian President Mohamed Mursi sits behind bars with other Muslim Brotherhood members at a court in the outskirts of Cairo
    Egypt's trial of Mursi 'badly flawed': Human Rights Watch Reuters - Sun, 26 Apr, 2015

    The trial of former Egyptian President Mohamed Mursi, deposed by the army and sentenced to 20 years in jail, was "badly flawed" and appears to have been politically … More »Egypt's trial of Mursi 'badly flawed': Human Rights Watch

    Former Egyptian President Mohamed Mursi sits behind bars with other Muslim Brotherhood members at a court in the outskirts of Cairo

    The trial of former Egyptian President Mohamed Mursi, deposed by the army and sentenced to 20 years in jail, was "badly flawed" and appears to have been politically motivated, Human Rights Watch said on Sunday. A court on April 21 convicted Mursi and 12 other Muslim Brotherhood members of violence, kidnapping and torture …

  • An employee carries money at an exchange office in downtown Cairo
    Ending Egypt's currency black market brings new challenges Reuters - Sun, 26 Apr, 2015

    By Stephen Kalin and Nadia El Gowely CAIRO (Reuters) - Egypt's currency black market, a thorn in the side of successive governments, has virtually disappeared in … More »Ending Egypt's currency black market brings new challenges

    An employee carries money at an exchange office in downtown Cairo

    By Stephen Kalin and Nadia El Gowely CAIRO (Reuters) - Egypt's currency black market, a thorn in the side of successive governments, has virtually disappeared in the past two months following a central bank crackdown. Yet, while the authorities hope this will signal to foreign investors that the economy has returned to …