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Reuters
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Egypt’s Suez Cement reports loss
Suez Cement ‘Profit Transfers Hit by Currency Crisis’
Following a foreign currency crisis that has hit Egypt, the Egyptian firm Suez Cement said on Monday that it was struggling to transfer shareholder profits out of Egypt. The firm is 55 percent owned by Italian firm Italicementi. Italcementi Group in Egypt runs five...Caption:
Cargo ships sail through the Suez Canal, seen from a helicopter, near Ismailia, Egypt, in this September 2009 file photo. (AP Photo, File)
Egypt: Authorities tighten security measures around Suez Canal
Cairo, Asharq Al-Awsat—Egyptian authorities have tightened security measures around the Suez Canal following intelligence suggesting Muslim Brotherhood supporters intend to target the key waterway on November 4, the first day of former president Mohamed Mursi’s trial....Caption:
An Egyptian soldier stands guard next to an armored personnel carrier in Cairo, Egypt, Tuesday, Sept. 10, 2013. (AP Photo/Lefteris Pitarakis)
Egypt extends state of emergency until November
Cairo, Asharq Al-Awsat—On Thursday, the Egyptian government extended the nationwide state of emergency for two additional months due to the deteriorating security that saw a failed assassination attempt against the interior minister and growing violence against police...Caption:
Image grab taken from NILE TV shows Egyptian President Mohamed Morsi giving an address on January 27, 2013 (AFP PHOTO)