Egypt: Latest News

  • Global Firms Compete For Share Of Kenya’s Lucrative Auto Market

    By Frank Mutulu, 10:58 am

    Kenya’s auto business has recorded increased competition between U.S. and Japanese firms, each edging for a share of the country’s new vehicle market. This battle pits Toyota Group’s trading unit, Tshusho Corp. against its rivals led by U.S. auto giant, General Motors East Africa (GMEA) Ltd. Watching from the sidelines is Kenya’s growing middle class […]

  • Forecast: Who Will Be Africa’s Biggest Spenders On Oil Drilling

    By Dana Sanchez, 1:44 pm

    Oil drilling expenditure is expected to grow for all major producers in the region, with West Africa leading. Countries relatively new to the offshore drilling industry, such as Sierra Leone and Liberia, may prove to be future competition for the more established West African producers.

  • Incredibly Bizarre Conspiracy Theories

    By Keren Mikva, 1:00 pm

    How many times have people predicted the end of the world? It’s hard to get an accurate read (especially since the man that yells outside my subway stop keeps pushing it back each day).

  • 2011 Ousted Egyptian President Hosni Mubarak to be Released From Jail

    By Makula Dunbar, 9:12 am

    Former Egyptian President Hosni Mubarak, who is on trial for murder-related charges in the deaths of hundreds of protesters in 2011, may be released from prison this week after a judge set aside a corruption case against him.

  • Tunisia Crisis Continues, Sparked By Worries Over Egypt Violence

    By Ann Brown, 4:00 pm

    From Business Standard Tunisia’s political crisis showed no sign of being resolved, amid warnings against a slide into the carnage that has swept fellow Arab Spring country Egypt since democratic polls. Rached Ghannouchi, head of the moderate Islamist party Ennahda that heads a coalition cabinet, slammed the opposition as “anarchists” for demanding the resignation of […]

  • Egypt’s Famous Malawi National Museum Damaged And Looted By Rioters

    By Ann Brown, 12:00 pm

    From Business Standard Egypt’s famous Malawi National Museum has been damaged and looted by rioters during the countrywide clashes this week that left more than 600 people dead and thousands injured. The museum, in the Upper Egyptian city of Minya, was allegedly broken into and some artifacts were damaged and stolen, Ahram online reported quoting […]

  • Travel Firms Cancel Trips To Egypt Due To Violence

    By Ann Brown, 5:00 pm

    From BBC Europe’s largest tour operator TUI has cancelled all holidays bought by German customers to Egypt until mid-September. The move comes in the wake of the country’s escalating violence, following advice from the German government. TUI’s rival, Thomas Cook, also announced similar measures for its German customers. The two companies said holidaymakers who are […]

  • AfkInsider Commodities Report: Oil Climbs On Egypt Concerns

    By Staff, 11:00 am

    China’s imports and exports unexpectedly jumped in July, a positive sign for the Chinese economy. Some analysts, however, remain cautious about China’s prospects, believing the country’s economy continues to face some serious challenges. Gold edged up over the past week, supported by strong demand from China, the world’s second biggest consumer of the precious metal, as well as better-than-expected economic data from the country.

  • Obama Says U.S. Wants a ‘Peaceful, Democratic, Prosperous Egypt’

    By Makula Dunbar, 1:05 pm

    Thursday morning, from his Martha’s Vineyard vacation home, President Obama delivered his first statement about the political uproar and killings taking place in Egypt. Obama began his briefing by recognizing the long-standing relationship between America and Egypt, which he said is backed by respect for the middle eastern paradigm of peace and civilization.

  • Egypt Oilfields Open, Stock Exchange To Close

    By Dana Sanchez, 12:51 pm

    Egypt’s oilfields remain open but its stock exchange and other businesses are closing amid escalating unrest after a crackdown to end Muslim Brotherhood protests sparked violence that left more than 525 people dead. An unscheduled shutdown of Egypt’s stock market has raised concerns, especially with foreign investors, who were reminded of a near two-month suspension in trading in early 2011 following the ouster of former President Hosni Mubarak.

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