The Central Bank of Egypt (CBE) dealt a blow to the black market when in a sudden move it devalued the pound by around 13 per cent around a month ago, flooding the market with dollars and making it easy to buy hard currency at any foreign exchange (...)
The political chaos in Brazil stepped up a notch Sunday, after an impeachment vote on sitting Brazilian President Dilma Rousseff was held in the lower house of the National Congress.
In a marathon vote that took around six hours, 367 of the 513 (...)
An international marketing campaign aimed at attracting more tourists to Egypt was originally planned to kick off in November last year, but was put on hold after a series of events that impacted the tourism industry.
Al-Ahram Weekly spoke to (...)
More than 11 million documents were leaked from the secretive Panamanian law firm Mossack Fonseca last week, showing how the richest and most powerful people on the globe hide their money. The documents were given to the German newspaper (...)
British Gas Egypt (BG) is negotiating with the Egyptian General Petroleum Corporation (EGPC), an oil company affiliated to the Egyptian ministry of petroleum, to increase the price paid for gas produced in the 9B concession area in Egypt's (...)
You almost get goosebumps seeing the glorious Mohamed Ali Mosque on top of the Citadel above Cairo. It grows bigger every step you take towards it, with its two 85-metre minarets pointing towards the sky.
It stands as a symbol of pride for Egyptian (...)
On its second attempt to land at the Rostov-on-Don airport in Russia on Saturday, a FlyDubai plane, a Boeing 737-800, crashed, killing all 62 people on board. Forty-four of the 55 passengers were Russian, eight were Ukrainian, two Indian and one (...)
It was supposed to be a big celebration, with several new cars being introduced to the Egyptian market. But the recent devaluation of the Egyptian pound cast a shadow over Automech, the 23rd Cairo International Motor Show held this week.
Just three (...)
A debate about refugees is going on in every part of the European Union, with several countries taking measures to be less attractive to refugees, in the hope that they will seek asylum in other countries.
Several countries have introduced border (...)
The American University in Cairo hosted a prominent visitor last week when Mark Juergensmeyer, professor of sociology and global studies at the University of California in Santa Barbara, gave a guest lecture titled “How will ISIS end?”
With (...)
The Suez Canal
THE SUEZ Canal Authority (SCA) recorded revenues of $5.175 billion in 2015, or 5.3 per cent less than those in 2014. This is partly due to the decline in international currencies against the dollar, used for payments to the Suez (...)
Egyptian President Abdel Fattah Al-Sisi was briefly mentioned in a US presidential debate in Miami Thursday night, when right-wing candidate Ted Cruz from the Republican Party discussed Muslims and US national interests.
"Let me give you an example (...)
It was a confident Donald Trump who took questions from reporters in Florida after the results of the so-called “Super Tuesday” last week. Seven out of 11 states pointed at him as the Republican presidential candidate for the November presidential (...)
Sawdust fills the air around the Nadim factory in Cairo. This is the result of all the carving, turning and cutting required to make traditional crafts. In other areas, the smell of paint makes the head spin.
Hundreds of people make their way around (...)
The European Union is holding its breath these days. A lot is on the line as representatives from the EU negotiate with Greece about the latter country's debt problem, one that has been ongoing for years.
The result if an agreement is not reached, (...)
A bilateral investment treaty (BIT) is an agreement establishing the conditions for private investment by the nationals and companies of one state in another. It is better known as facilitating foreign direct investment (FDI).
When such treaties are (...)
With every step, every footprint, with every millimetre that brings you just a little bit closer to Saint Anthony Monastery, the feeling of being a tiny, insignificant person in an enormous world increases.
A 20-metre-high wall, built between the (...)
Egyptian government institutions may have lost information to spies, according to a new report by the Russian cybersecurity firm Kaspersky Lab. It has found evidence of surveillance in more than 30 countries around the globe, including Iran, (...)