IBTimes Australia : Egypt Topic

Egyptian factories, hit by subsidy cuts, highlight Cairo's fiscal dilemma

Thu, 23 May 2013 00:35:02 +1000

Hundreds of soot-stained factory chimneys dot the horizon in the industrial city of al-Saff, south of Cairo, but only a few spew black smoke.

Kerry visits Oman for arms deal signing, talks on Syria, Mideast

Tue, 21 May 2013 10:49:02 +1000

U.S. Secretary of State John Kerry flies to Oman on Tuesday for Raytheon Co's signing of an estimated $2.1 billion arms deal and to consult on Syria and Iran, U.S. officials said.

KFC Takeaway Meals Smuggled into Gaza Via Tunnels [VIDEO]

Sun, 19 May 2013 02:17:47 +1000

Demand is booming in Gaza for a new service smuggling Kentucky Fried Chicken over the border from Egypt, with deliveries taking about a day.

Six-Year-Old London Girl Drowns at Egyptian Holiday Resort

Sat, 18 May 2013 19:47:47 +1000

British girl Chloe Johnson drowned while on holiday in Sharm el-Sheikh, according to First Choice travel company.

Chelsea and Manchester United Chase Egyptian Wonderkid - Report

Sat, 18 May 2013 16:22:08 +1000

Chelsea and Manchester United have reportedly entered the race for Egyptian teenage sensation Ramy Rabia.

Ancient Egyptians Abandoned Pyramids ‘Because of Extreme Temperature Changes'

Fri, 17 May 2013 22:52:33 +1000

Structural engineer Peter James says expansion and contraction of rocks caused demise of the pyramids.

Gaming News: City Interactive’s PS4 & Xbox 720 Next-Gen Game, Ghost of a Tale & Batman: Arkham Origins [TRAILER]

Fri, 17 May 2013 16:22:15 +1000

Updates for City Interactive’s newest next-gen game, Ghost of a Tale, and Batman: Arkham Origins.

Thomas Cook flags return to dividends after refinancing

Thu, 16 May 2013 20:49:02 +1000

Thomas Cook on Thursday unveiled a 1.6 billion pound ($2.4 billion) refinancing plan on Thursday designed to cut debt and enable it to resume paying dividends in the latest stage of a turnaround at the world's oldest travel firm.

Egypt judges suspend talks with Mursi over disputed reforms

Thu, 16 May 2013 00:35:02 +1000

Senior Egyptian judges halted talks with President Mohamed Mursi on judicial reforms on Wednesday after parliament decided to discuss the proposed laws despite presidential promises to seek consensus first.

Zimbabwe: Mourners Shocked as Dead Man Wakes up at Own Funeral

Wed, 15 May 2013 23:09:24 +1000

Brighton Zanthe returns to life in nick of time just as last rites about to be performed on his body.

Ali Abdulemam, the Bahraini Blogger: 'Bahrain is a Prison with TV and Internet'

Wed, 15 May 2013 03:09:49 +1000

Two years after going into hiding, prominent blogger speaks exclusively to IBTimes UK.

Motorola X Phone Beats Galaxy S4, HTC One in Graphics Test? Motorola Gearing Up for New Devices

Tue, 14 May 2013 15:46:01 +1000

Rumours of X Phone continues to spread and conflicting information lead to nothing but headache of what does this upcoming smartphone really boasts. According to speculation, it is going to be customisable but may not be as powerful as others might think. Motorola XT1058 or suspected X Phone beats Galaxy S4 and HTC One based on graphics benchmark.

Egyptian assembly approves higher taxes on the wealthy

Tue, 14 May 2013 03:14:02 +1000

Egypt's parliament approved a new income tax law on Monday that will increase levies paid by the wealthy and by companies but reduce it for people in lower income brackets.

Bunga-Bunga Prosecutors: Jail Berlusconi for Six Years over Ruby Vice Ring

Mon, 13 May 2013 22:53:18 +1000

Milan prosecutor Ilda Boccassini says no doubt Ruby Heart Stealer was a prostitute.

Egyptian lawyer denies that Mubarak spoke to paper

Sun, 12 May 2013 23:21:01 +1000

A lawyer representing former Egyptian president Hosni Mubarak denied on Sunday that his client had spoken to a newspaper, describing as a fabrication reports that he had said it was too early to judge Mohamed Mursi's performance as president.

EBRD considers lifelines for small business in emerging Europe

Sat, 11 May 2013 22:42:02 +1000

The European Bank for Reconstruction and Development is considering ways to help small businesses in emerging Europe, including through direct lending, as the region suffers lacklustre growth, its president said on Saturday.

Egypt: Woman, Three Daughters Survive after Husband Slits Their Throats

Sat, 11 May 2013 22:01:20 +1000

An unidentified man has been accused of attempted murder on the lives of his wife and daughters.

Ousted Egyptian President Hosni Mubarak's Retrial Begins in Cairo

Sat, 11 May 2013 19:45:57 +1000

Former leader faces charges relating to deaths of 846 protesters, along with corruption charges.

European development bank cuts growth forecast for emerging economies

Sat, 11 May 2013 03:14:02 +1000

Europe's development bank slashed its 2013 growth forecasts for emerging Europe and North Africa on Friday by almost a full percentage point, saying a sharp slowdown in Russia would drag down the regional economy.

Libyan police stations bombed, British embassy cuts staff

Sat, 11 May 2013 01:00:03 +1000

Bombs exploded outside two police stations in Libya's eastern city of Benghazi on Thursday and Britain temporarily cut staff at its embassy in Tripoli because of security fears.

Dubai nears last big debt restructuring as crisis fades

Thu, 09 May 2013 21:35:02 +1000

The Dubai Group investment firm said on Thursday it expected a $10-billion (6.42 billion pounds) restructuring of its debt within weeks, sealing the Gulf emirate's recovery from a financial crisis that brought it to the brink of default.

Eritrea: Smuggled Video Shows Freedom Friday Movement Spreading in North Korea of Africa

Wed, 08 May 2013 23:29:55 +1000

Exclusive footage shows residents of the capital Asmara reading posters calling for mass protests.

Syrian Internet Blackout ‘Deeply Concerning’

Wed, 08 May 2013 19:58:59 +1000

Access to the internet within Syria has been shut off again in an attempt to disrupt activists' movements.

Stephen Hawking Joins Israel Boycott by Snubbing Peres' Jerusalem Conference

Wed, 08 May 2013 18:52:38 +1000

Science superstar Stephen Hawking pulls out from conference hosted by Israeli president Shimon Peres

Societe Generale Plans €900M Cost Savings as Profit Halves on Own-Debt Charges

Tue, 07 May 2013 16:47:03 +1000

Group net income declines 50% to €364m on lower banking revenues.

SocGen eyes 900 million euro savings after profit fall

Tue, 07 May 2013 15:35:03 +1000

Societe Generale , France's No. 2 listed bank, is to cut 900 million euros (759.03 million pounds) in costs over the next three years after a weak domestic economy and one-off charges halved quarterly earnings.

Australia Exporters Suspend Shipment of Cattle to Egypt Due to Cruelty Animals Suffer in Abattoir (VIDEO)

Mon, 06 May 2013 10:26:08 +1000

The Australian Livestock Exporters' Council suspended over the weekend live export of cattle to Egypt following the release of video footing by Animals Australia showing extreme cruel practices on animals for culling at Egyptian abattoirs.

Insight - Egypt opposition can't harvest Brotherhood unpopularity

Sun, 05 May 2013 18:21:03 +1000

It's harvest time in Egypt but the secular opposition is reaping scant benefit from the Muslim Brotherhood's difficulties in government, two years after an Arab Spring uprising swept away President Hosni Mubarak.

Egyptian billionaire Sawiris returns home to warm welcome

Sat, 04 May 2013 06:21:03 +1000

Egyptian billionaire Naguib Sawiris returned home on Friday, ending a self-imposed exile that began after the election of President Mohamed Mursi last year, and was warmly welcomed by a government grappling with an economic crisis.

ElBaradei says Egypt needs political consensus to heal economy

Wed, 01 May 2013 10:07:02 +1000

Egypt's government must seek political compromise to win broad support for a crucial IMF loan and revive the country's ailing economy, senior opposition figure Mohamed ElBaradei said on Tuesday.