Egypt

CAIRO, Jan. 7 (Xinhua) -- Shop owners in Khan el-Khalili, one of the most famed tourist bazaars in the Egyptian capital Cairo, are expecting the return of Chinese guests after China announced its easing of travel restrictions starting from Jan. 8.

Located in the heart of Cairo's old Islamic district, the centuries-old market used to bustle with tourists coming from all over the world.

However, the COVID-19 pandemic that broke out three years ago has depleted the market of its vibrant vibe.

03 Jan 2023; MEMO: Mohamed Samir, who murdered his fiancée Kholoud Al-Sayed Farouk, has been sentenced to death by a court in Egypt.

In October last year Mohamed strangled his fiancée to death in Port Said after she broke off the engagement.

Mohamed then threatened to kill her, and the following day broke into Kholoud's house and murdered her.

27 Dec 2022; MEMO: Egyptian President Abdel Fattah El-Sisi said the government will not cut spending on national projects, despite the scarcity of US dollars in the market.

Speaking during the inauguration of a project in Egypt, El-Sisi said Egypt is continuing to spend on national projects without paying attention to the pressure resulting from the scarcity of the US dollar supply in the market.

Since the outbreak of the Russian-Ukrainian war, more than $23 billion worth of investments have exited Egypt.

21 Dec 2022; MEMO: The Egyptian government will be transferring its headquarters next month to the New Administrative Capital, located 45 kilometres east of the country's current capital Cairo. The announcement was made by the Chairman of the Board of Directors of the New Administrative Capital Company, Khaled Abbas, reported Egypt Independent yesterday.

21 Dec 2022; MEMO: Britain's Capricorn Energy Company which manages natural gas and oil assets in Egypt plans to dismiss seven of its executives who reject a takeover deal by Israel's NewMed Energy, Reuters has reported. The proposed merger would see a new company operating in the Egyptian and Israeli natural gas fields, amid efforts by Cairo and Tel Aviv to reserve a share of exports for energy-hungry Europe.

CAIRO, Dec 20 (NNN-MENA) – Egypt’s Suez Canal, registered a record-breaking revenue of 7.932 billion U.S. dollars in 2022, the chairman of Egypt’s Suez Canal Authority (SCA), announced yesterday.

“The revenues of 2022 are the highest in the SCA’s history,” Osama Rabie told parliament, in a public session. The revenue for 2021 was 6.333 billion dollars.

More than 23,000 ships, carrying 1.4 billion tonnes of cargo, passed the navigation course in 2022, up from 21,700 ships, in the previous year, he said.

CAIRO, Dec 20 (NNN-MENA) – An Egyptian archaeological mission, discovered 20 tombs, dating back to the 26th Dynasty of ancient Egypt, running from 664 to 525 BC, the Egyptian ministry of tourism and antiquities, said yesterday.

The tombs were unearthed at the site of Tell El Deir (Hill of the Monastery), in the northern city of Damietta, said a ministry statement, adding, the find would “rewrite the city’s history.”

19 Dec 2022; MEMO: Egyptian media tycoon Mohamed Al-Amin has died of cancer yesterday while serving a three-year jail sentence for human trafficking and sexual misconduct.

Journalist Mustafa Bakri announced the 62-year-old's death on Twitter, saying he had been transferred to Al-Salam International Hospital in Cairo a few months ago from Wadi El-Natrun Prison, where he was serving his sentence.

18 Dec 2022; MEMO: The International Monetary Fund early Saturday approved a $3 billion loan for Egypt under a 46-month program.

In a statement, the IMF said the arrangement under the Extended Fund Facility (EFF) includes the immediate disbursement of $347 million.

CAIRO, Dec 15 (Reuters) - Egypt has discovered a large gas field in the Nargis block in the eastern Mediterranean, Petroleum Minister Tarek El Molla said on Thursday.

Evaluation is still ongoing to determine the field's reserves, he said in a briefing to a parliamentary committee.

Nargis is one of four offshore exploration blocks in which Chevron (CVX.N) holds operating interests in Egypt along with Tharwa Petroleum Co, according to Chevron's website.