French oil company buys Shell’s fuel network in Egypt
The details of the transaction and its price have not been disclosed.
Qatar gas deal postponed
Natural gas import agreement between Egypt and Qatar delayed because of “unresolved legal details”
Egyptian pound slumps to seven against US dollar
Egypt’s currency continues to devalue despite attempts by Central Bank to slow the decline with foreign currency auctions
IMF: Tax reforms to increase Egypt’s GDP by 0.75%
The IMF expected Egypt’s GDP to grow 2% over the next year as opposed to 2.2% in 2012
Education minister and Al-Azhar to establish Islamic Studies curriculum
Minister of Education Ibrahim Ghoneim says an increase of EGP 13bn to the education budget will improve education levels in Egypt
Video allegedly shows kidnapped Sinai soldiers
Kidnappers demand release of Sinai political prisoners, President Mohamed Morsi calls for national dialogue and NSF boycotts
Arafa sentenced to life in prison
Arafa is at large and the police are currently looking for him after he was sentenced to life in absentia
Commissioners Authority: Information Ministry’s continuation is constitutional
In response to lawsuit, the State Commissioners Authority’s Saturday report says the Ministry of Information is still in charge of media affairs