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Saudi Arabia to give Egypt up to $4 billion more aid: report

Source : Reuters / 31 Jan 2014

Saudi Arabia is expected to give Egypt up to $4 billion in additional aid in the form of central bank deposits and petroleum products, state-run Egyptian newspaper Al Ahram reported on Thursday.

Citing an unnamed ministerial source, the newspaper said the package would be worked out during a visit next week to the kingdom by Egypt's interim prime minister Hazem el-Beblawi.


UNESCO to help Egypt museum recover from blast

Source : AP / 28 Jan 2014

A UNESCO team will travel to Cairo to assess the damage inflicted on a renowned Islamic art museum by a bombing targeting the nearby security headquarters, Egypt's Minister of Antiquities said Sunday.

The museum will also receive $100,000 from the U.N. cultural agency to help the museum recover from the explosion, which damaged much of the museum's artifacts, Mohammed Ibrahim said.


Traditional art and craft decline worries Egypt

Source : Arab news / 7 Dec 2013

The centuries-old Khan El-Khalili market is one of the few places in modernizing Cairo that retains the atmosphere of a by-gone era, but its artisans warn their crafts are slowly dying.
They blame slumping tourism and a lack of interest among young people in learning traditional trades.


1,500 km cable to supply electricity from Madinah to Cairo

Source : IINA / 3 Dec 2013

Saudi Arabia has formally agreed to provide electricity to Egypt.

An agreement to this effect will be signed at the end of the month, said Saleh Alawaji, chairman of board of directors of Saudi Electricity Company and deputy minister for electricity in Saudi Arabia.


EU to grant Egypt €90m for development projects

Source : World Bulletin / 29 Nov 2013

The european Union has signed an agreement with Egypt to provide the latter with a 90-million-euro grant.

The funds will be used to finance a national school meals program, to develop slum areas in several Egyptian provinces, and to fund NGOs working in the field of social and economic development, according to a Thursday statement issued by Egypt's Ministry of International Cooperation.


Egypt sees worst tourism figures in 30 years

Source : World Bulletin / 22 Nov 2013

Egyptian Tourism Minister Hisham Zazou on Wednesday asserted that September had seen the lowest number of tourist arrivals to Egypt in three decades.

"Egypt received around 50,000 tourists last September compared to about one million during the same month last year," Zazou said at a Cairo conference devoted to tourism in the Arab world.

Egypt has suffered mounting political tension since the July 3 ouster of Mohamed Morsi, the country's first freely elected president, by Egypt's military establishment.


Surviving "death boat", Syria Palestinians locked up in Egypt

Source : Reuters / 20 Nov 2013

After escaping shelling in Damascus and terrifying bloodshed at sea, 14 month-old Palestinian twin girls are now among hundreds of people living in limbo in grimy Egyptian police stations, with no end in sight to their plight.

Of the 2 million people who fled Syria's civil war, none may have it worse than Palestinians, who have known no other home than Syria but do not have Syrian citizenship and have therefore been denied even the basic rights secured for other refugees.


Egypt plans ambitious renovation for Cairo museum

Source : AP / 16 Nov 2013

Egypt unveiled Friday a multimillion dollar renovation project for Cairo’s famed Egyptian Museum, including plans to demolish a scorched building that stands between it and the Nile, in a bid to draw tourists back and restore a sense of normalcy after more than two years of unrest.

Organizers said they want to return the dusty 111-year-old museum to its former glory by painting the walls and covering the floors in their original colors and patterns.


Cairo art exhibition displays the ‘Ugly Feelings’ of Egypt’s revolution

Source : Al Arabiya / 13 Nov 2013

A recent exhibition held at Cairo’s Townhouse Gallery art space aims to shed light on the different emotions displayed by Egyptian people during times of political instability, reported Ahram Online.

The organizers of the show, entitled “Ugly Feelings,” seek to respond to what they call the “state of helplessness” among Egyptians, stimulated by the political turmoil which followed the 2011 uprising, according to the website.


Egypt inflation rises to 10.4 percent in October

Source : Reuters / 11 Nov 2013

Egypt's urban consumer inflation accelerated in October, driven by higher consumer spending on food and transportation, the state CAPMAS statistics agency reported on Sunday.

CAPMAS said inflation rose to an annual 10.4 percent in October from 10.1 percent in September.

Egyptian inflation has been pushed up this year by a weaker Egyptian pound, though the currency has steadily appreciated against the dollar since the army deposed elected Islamist President Mohammad Mursi on July 3.


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