Egypt's GDP growth rate rose in the fourth quarter of fiscal 2013/14 to 3.7 per cent, up from 2.5 per cent, the government said, in the latest sign that confidence is returning to an economy battered by three years of political turmoil.
Islamic State, fighting to redraw the map of the Middle East, has been coaching Egypt's most dangerous militant group, complicating efforts to stabilize the biggest Arab nation.
Confirmation that Islamic Sate, currently the mo
Egypt's President said on Saturday a ceasefire plan proposed by his country offered the chance to end the Gaza conflict between Israel and Hamas, but warned that lost time further complicated matters.
"The Egyptian initia
Egypt's new president Abdel Fattah Al-Sisi has made a head start on tackling the country's economic problems, managing to introduce long-awaited subsidy reform without stirring popular unrest.
Sisi's government, formed
The economist behind a plan to unlock at least $380 billion worth of assets from Egypt's black market says President Abdel Fattah Al-Sisi must first restore another asset that has depreciated over the years:
An Egyptian court sentenced Muslim Brotherhood leader Mohamed Badie to life in prison on Saturday, the court's judge said, for inciting violence that erupted after the army deposed Islamist President Mohamed Mursi last year.
Algeria agreed to ship five cargoes of liquefied natural gas to Egypt before the end of the year, a source at Algerian state energy firm Sonatrach said, helping its north African neighbour with its worst energy crunch in years.
Egypt's new president Abdel Fattah Al-Sisi pledged on Tuesday to give up half his salary and property and called on the Egyptian people to make similar sacrifices in a bid to prepare the public for a period of painful economic austerity.
Egypt is receiving fuel shipments to cover its needs for this month, an energy official said on Friday, despite $6 billion of free fuel given by its Gulf allies after the army took power last year.
Amr Mostafa, vice president of t
The dangerous developments unfolding in Iraq, Syria and Libya topped talks between King Abdullah of Saudi Arabia and Egyptian President Abdul Fattah Al Sisi yesterday.
The Saudi monarch, during his first visit to Cairo since the 2