Egypt News
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Updated 43 minutes ago
NuEnergy Gas Ltd., an Australian power-development company, said it’s optimistic of making significant shale-gas finds in eastern Africa, where it has begun exploration.
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Updated 2 hours, 13 minutes ago
U.S. Secretary of State John Kerry plans to meet this weekend with European and Mideast allies to discuss what weapons to provide Syrian rebels, who face an imminent offensive by regime troops in Aleppo and the Damascus suburbs.
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An Egyptian who slapped a woman after she confronted him over his sexual harassment was sentenced in absentia to three months in prison, in a test case for the North African country.
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The United Arab Emirates state security prosecutor referred 30 people, including Emiratis and Egyptians, to court on charges of setting up a branch of the Muslim Brotherhood, state-run WAM news agency reported.
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Air Arabia PJSC surged to the highest level in more than two weeks on bets Dubai’s tourism recovery will boost profit at the Middle East’s biggest no- frills airline.
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Nigeria, Pakistan and Kazakhstan don't top many traveler bucket lists. Sending money there's another story: The MSCI Frontier 100 Index is up 14 percent this year and assets in exchange-traded funds that specialize in such "frontier markets" have risen 52 percent to $820 million. By contrast, nearly $10 billion has flowed out of emerging market ETFs this year, and the MSCI Emerging Markets Index is down 8.1 percent.
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Uganda loses about $899 million a year due to effects of malnutrition such as lost productivity, according to a report backed by the African Union Commission.
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Egyptian black-market currency dealers raised their dollar rates as demand for the U.S. currency increases in the run up to nationwide protests planned for later this month.
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Ethiopia, Egypt and Sudan agreed to conduct further studies on what impact a hydropower dam on the main tributary of the Nile River will have on downstream countries, Egyptian Foreign Minister Mohamed Kamel Amr said.
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Egypt must drop its objection to an Ethiopian dam on the main tributary of the Nile River or it may struggle to ensure adequate supplies from the world’s longest waterway, former U.S. Ambassador to Ethiopia David Shinn said.
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