Wednesday 24 August 2016
 
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Sisi

Sisi vows tough reforms to improve economy

Egyptian President Abdel Fattah Al-Sisi said on Saturday he was committed to pushing through the reforms necessary to turn the economy around and cut public debt, days after Egypt negotiated a $12 billion loan programme with the International Mo

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Sisi warns of harsh and tough measures to fix economy

Egyptian President Abdel Fattah al-Sisi warned citizens on Monday that tough measures would be needed to turn the country's ailing economy around as the government negotiates a $12 billion loan programme with the International Monetary Fund.

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Egypt building new homes to replace crumbling slums

The Egyptian government has started building new flats for slum dwellers under an ambitious housing plan which is expected to cost about E£14 billion ($1.58 billion). A few of them like Bayada Mohamed have already moved into

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Egyptian group starts work on key residential project

Egypt's leading construction company Mokhtar Ibrahim is developing a new residential city on a 2.1 million sq m area in the coastal Al Alamein region of Egypt at an investment of E£400 million ($45 million), said a report.

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Egypt sends submarine to hunt for crashed jet

Egypt deployed a submarine on Sunday to hunt for the EgyptAir plane that crashed in deep Mediterranean waters, President Abdel-Fattah al-Sisi said, warning investigations into the disaster would take time. In his first public rema

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Sisi names 10 new ministers in cabinet shake-up

Egyptian President Abdel Fattah al-Sisi reshuffled his cabinet on Wednesday, appointing 10 new ministers including ones for the key finance and investment portfolios, Egyptian state TV reported. Banking veteran Amr Al Garhy was ap

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Japanese companies eye $18bn Egyptian projects

Japanese companies are set to take part in Egyptian projects worth about 2 trillion yen ($17.7 billion) in the electricity and other sectors, Prime Minister Shinzo Abe said on Monday after meeting Egyptian President Abdel Fattah Al Sisi in Tokyo

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Japanese companies eye $18bn Egyptian projects

Japanese companies are set to take part in Egyptian projects worth about 2 trillion yen ($17.7 billion) in the electricity and other sectors, Prime Minister Shinzo Abe said on Monday after meeting Egyptian President Abdel Fattah Al Sisi in Tokyo

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Sisi ready to send troops to Gulf if asked

Egypt will not hesitate to send military forces into the territory of Arab Gulf allies to offer protection if asked by the leaders of those countries, President Abdel Fattah al-Sisi said. The most populous Arab state, the recipien

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Egypt outlines $25bn plan to help small firms

Egypt's central bank on Sunday issued guidelines on how it will incentivise banks to participate in a "comprehensive programme" to help finance small- and medium-sized enterprises in the latest move to try and create jobs and suppo

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