Latest in Tag: DNE Highlight
Latest in Tag: DNE

Beltone refuses sale rate offered from Hermes
Curtain draws on Beltone-Sawiris deal to purchase 20% stake in Hermes after alliance purchased only 9% of shares
3 Israelis confess to Abu Khudeir murder
Egypt calls on Israel to âstop policy of revengeâ, Netanyahu promises justice for murdered Palestinian teen

Egyptian FM to start Arab tour
Sameh Shoukry to visit Jordan Tuesday on first stop of tour

World Bank approves $500m loan for home gas delivery
The Ministry of Petroleum is looking to increase domestic natural gas usage to ration butane consumption, which makes up a large portion of subsidies on petroleum products.
Army officer shot dead in Damietta
Army lieutenant shot in the chest by masked gunmen, fiancé survives attack

31 âterror cellsâ uncovered during last month and a half: MOI
Some of those arrested were in possession of grenades, firearms, and improvised explosive devices.

Military looks to âease burdenâ of rising prices
Armed forces to provide food at discounted prices and bolster transportation system

Ramadan beneath the surface: Tuk-tuk race in Dar El-Salam
We, a meat-loving Egyptian and a flexible vegetarian foreigner with a shared love of food, go on a culinary quest through the streets of Cairo to experience Ramadan beneath the surface.
Syrians come to Egypt seeking refuge, bring shawerma
Civil war in Syria has led to an increase in Syrian restaurants in Egypt

Survey analysis on street vendors
By the Federation of Economic Development Associations (FEDA), With the Support of the Center for International Private Enterprise (CIPE)

âNo shameâ in Egypt using Israeli gas through British oil Company, after state’s approval: Petroleum minister
Egyptian government struggles to contain discontent of BG Group, which had to stop supplying Egyptian gas for export because of fuel shortage

Al-Sisi imposes additional 50% tax on cigarettes, 200% on beer
The tax on other alcoholic beverages, such as wine and spirits manufactured locally or imported from abroad, has been increased by 150%, with the minimum set at EGP 15 per litre.
Planning ministry targets 14% investment growth, 3.2% economic growth for FY 2014/2015
Government seeks to increase investments to EGP 336.9bn, increase imports by 3.8% and offer 550,000 job opportunities
Egypt to allow foreign companies to provide mortgage finance
In an effort to expand low-income housing

Sawiris-Beltone deal only succeeds in purchasing 9% of EFG Hermes, falling short of 20% target
54.4m shares purchased represent less than 9% of total Hermes shares

No price rise in telecommunications: Telecom companies
Vodafone and Mobinil deny 10% increase in telephone callsâ prices
Egypt paid $700m to Paris Club on 4 July: Ramez
Governor of the Central Bank of Egypt Hisham Ramez told Reuters on Sunday that Egypt paid $700m of its debts to the Paris Club of creditor nations on 4 July. In January, Egypt paid another $700m of its debts to the Paris Club, an informal group of creditor nations made up the worldâs top 20 …

Iron producers demand customs duties, protection fees on imported steel following energy price increases
The government had recently increased natural gas prices by $3 for the iron and steel industry, bringing the total price to $7 per million BTUs.

Islamic State caliph makes first appearance
State media reports Iranian fighter pilot killed, militants destroy shrines and mosques
Balance of payments surges, deficit drops over 9 months: Ministry of Finance
Industrial production, debt, revenues and expenditures all saw increases
Prosecution investigates alleged rape by police
Student says policeman sexually assaulted her after confronting him for harassment

Photojournalist captures life in Upper Egypt’s quarries
More than 20,000 unregistered workers risk life and limb to mine the mountain, often starting work as young as 9 years old

Mixed media exhibit leaves history open for interpretation
Artist Taha Belal detaches text and images from their original contexts in newspapers, magazines and books, proposing different narratives
Landslide leads to Sohag archaeological find
Well-preserved underground compartment features relief carvings about the first pharaoh of the Middle Kingdom, Mentuhotep II

Rise in fuel prices will bring in EGP 24bn in additional revenue for EGPC: Chairman
The rise in price of such petroleum products as gasoline, diesel, and kerosene in the domestic market.

âCatastrophicâ it is!
Amnesty International said last week that Egypt is witnessing a âcatastrophicâ decline in human rights. Indeed, human rights conditions in Egypt are currently a disaster, but the âcatastropheâ Egyptians are witnessing these days is all-encompassing. On Friday, the government announced an increase in fuel prices â a step every government has struggled to take and …

Gaza will live
By Dr Cesar Chelala Gaza is subject, once again, to severe Israeli bombing for the death of three Jewish teenagers. This only aggravates a situation that has been causing enormous and unnecessary civilian suffering to a population whose main sin is to want to remain alive and prosper in their own land. As a result of …

Crisis in Syria: Civil war, global threat
By Ban Ki-moon The horrific war in Syria continues to worsen and bleed beyond its borders. A cold calculation seems to be taking hold: that little can be done except to arm the parties and watch the conflict rage. The international community must not abandon the people of Syria and the region to never-ending …

Petroleum price hikes spark widespread outcry
âThugsâ forcing fuel stations to sell at old price yet police are unresponsive, petrol station manager

Cruise prices to double due to diesel price hike: Tourism ministry official
Ministry official says the increase follows a diesel fuel price rise from EGP 1.10 to EGP 1.8 per litre