Egypt

Cafe Riche: An Ode to a Bygone Cairo

By Salma Islam Photos by Hany Maher The wooden door opens and a smart looking gentleman in a grey suit and a black briefcase in tow walks in, greets the staff, and makes a beeline for an empty table near the back of the long, narrow restaurant. He doesn’t wait long. He is soon joined by

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Egyptian Court Overturns Ex-President Morsi’s Death Sentence

CAIRO, Nov 15 – Egypt’s Court of Cassation on Tuesday overturned a death sentence against deposed president Mohammed Morsi of the Muslim Brotherhood and ordered a retrial. Morsi was sentenced to death in June 2015 in connection with a mass jail break during Egypt’s 2011 uprising. Morsi, the first president to be democratically elected after

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IMF Approves Egypt’s $12 Billion Loan Agreement, $2.75 Billion Disbursed

By Ahmed Aboulenein and David Lawder CAIRO/WASHINGTON, Nov 12- Egypt won International Monetary Fund approval on Friday for a three-year, $12 billion bailout program aimed at reviving a struggling economy, bringing down public debt and controlling inflation while seeking to protect the poor. The IMF said its executive board’s approval immediately disbursed an initial loan

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Riot Police Fill Streets as Egypt Braces for Austerity Protests

By Ahmed Aboulenein CAIRO, Nov 11 – Riot police and armoured vehicles filled the otherwise empty streets of central Cairo early on Friday as security forces built up a heavy presence in anticipation of popular protests over deteriorating economic conditions. A little-known group calling itself Movement of the Poor has called for Egyptians to protest

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Egypt to Face Pain Before Gain After Massive Currency Devaluation

By Andrew Torchia CAIRO, Nov 7  – The pain of Egypt‘s currency devaluation may be felt well before the benefits, creating a period of at least several months in which there is little positive news to offset rising inflation and falling living standards, businessmen and economists say. By bringing the Egyptian pound down to levels

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Saudi Oil Shipments to Egypt Halted Indefinitely, Egyptian Officials Say

CAIRO/ABU DHABI, Nov 7  – Saudi Arabia has informed Egypt that shipments of oil products expected under a $23 billion aid deal would be halted indefinitely, suggesting a deepening rift between the Arab world’s richest country and its most populous. Saudi Arabia agreed to provide Egypt with 700,000 tonnes of refined oil products per month

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Hungry for Dollars After Float, Egyptian Banks Offer Market Rates

By Eric Knecht and Arwa Gaballa CAIRO, Nov 5 – Hungry for dollars after the central bank floated the pound on Thursday, Egyptian banks are offering market rates for the greenback as they try to build their reserves before interbank trading begins in earnest next week. But some bankers warned that a backlog of demand

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Second Egyptian General Killed in Sinai in as Many Weeks

ISMAILIA, Egypt, Nov 4 – A senior Egyptian general was shot dead by militants on Friday near his home in North Sinai where a Daesh insurgency is raging, health and security sources said, the second such incident in as many weeks. Gunmen opened fire on Brigadier General Hesham Mahmoud Abualazm, 47, on the street from

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Egypt Says Arrests Seven Militants, Links Them to Muslim Brotherhood

By Ahmed Aboulenein CAIRO, Nov 4 (Reuters) – Egyptian authorities said on Friday they had arrested members of two recently emerged militant groups, along with weapons, explosives and proof that the organisations had been set up by the Muslim Brotherhood. Police detained five leaders and other members of the Hasam Movement and Louwaa al-Thawra, the

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Italian Prosecutor in Egypt to Discuss Probe Into Student’s Killing

CAIRO, Nov 1  – Italy’s deputy chief prosecutor arrived in Cairo on Tuesday to discuss developments in the investigation into the killing of Italian student Giulio Regeni, sources at Cairo airport said. Regeni, who was doing postgraduate research into Egyptian trade unions, was last seen by his friends on Jan. 25. His body, showing signs

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