Egypt’s Public Domestic Debt as a percent of the country’s Gross Domestic Product has fallen to its lowest level in ten years during the 2018/2019 fiscal year, according to a Cabinet Media Center statement on Sunday. The cabinet’s statement said the Public Domestic Debt reached its highest level in 2016/2017 at 94.5 percent of the GDP. It then began to ...

Haunted by the 2016 death in Cairo of an Italian student, Giulio Regeni, Italians are campaigning for the release of an Egyptian who has said he was tortured. When an Egyptian student was arrested at the Cairo Airport recently, it was hardly an unusual event. Egypt’s security services routinely detain human rights defenders, lawyers, academics and other government critics, most ...

Egypt plans to launch an exploration round for gold in its Eastern Desert in the first half of March, an official at the mineral resources authority said on Sunday. Investors will be bidding on blocks which will be awarded to them within four months of the bid round being launched, the official said. The country’s Eastern desert is believed to ...

Cairo, Khartoum and Addis Ababa are preparing to sign a deal on the Grand Ethiopian Renaissance Dam (GERD) sponsored by Washington.   Egypt’s President Abdel Fattah al-Sisi stressed commitment to the success of negotiations on the Grand Ethiopian Renaissance Dam (GERD) under Washington’s sponsorship, a statement by the presidency read on Saturday. Sisi said that a near agreement between Egypt, ...

Egypt’s Minister of Housing and Urban Utilities Assem al-Gazzar visited the New Administrative Capital’s third residential district to follow up the progress of construction work there. The third district project covers an area of ​​about 1,000 acres divided into eight neighborhoods, including villas, beside various services buildings. During his tour, the minister personally inspected one finished villa. He said that the ...

Egypt welcomed the formation of a transitional unity government in South Sudan, hoping it would lead to comprehensive peace in the country, the Egyptian Foreign Ministry said in a statement on Sunday. The statement expressed “Egypt’s hope that this step would generate the necessary push to implement all the items of the revitalized peace agreement to achieve permanent and comprehensive ...

Egyptian Prime Minister Mostafa Madbouly said on Sunday that Egypt is free from any COVID-19 case as his government is fully transparent about the infection, the Egyptian cabinet said in a statement. Madbouly’s remarks came during his cabinet meeting to follow up the protective measures against the novel coronavirus. The meeting was attended by the ministers of health, information, social ...

“Harming public money or the health of citizens entails serving sentences. Any economic or administrative violations are punishable” CAIRO: The Egyptian parliament has announced that laws that imprison investors have been scratched, stressing that imposing jail time on financial wrongdoers affects investment in Egypt. Speaker Ali Abdel-Aal said in a public parliamentary session that he and parliament will not allow ...

A rare ceremony at an ancient synagogue brought 180 Jews back to Egypt, decades after they were pressured to leave. But few Egyptians knew about it, highlighting government ambivalence. Clutching a decades-old black-and-white photo, Doris Wolanski directed a vehicle through Cairo’s chaotic traffic, her gaze trained on the street corners, in search of rue du Metro. The photo showed an ...

The two sons of former President Hosni Mubarak of Egypt were acquitted on Saturday of illicit share trading during the sale of a bank four years before the 2011 uprising that ended their father’s 30-year autocratic rule. The brothers, Alaa and Gamal Mubarak, and seven others had faced charges of illegally profiting from the process of selling Al Watany Bank ...