CAIRO (Reuters) – Power cuts dogging Egypt have become the biggest obstacle to luring back foreign investment after three years of political upheaval, the country’s investment minister said on Tuesday.
Electricity shortages mean the country often has intermittent outages for hours a day, hitting factory production, frustrating many Egyptians and raising questions over whether foreign firms can operate here effectively.
CAIRO (Reuters) – Egypt will press ahead with plans to cut costly energy subsidies and introduce further tax reforms to boost the economy and halve the budget deficit within seven years, the country’s finance minister said on Tuesday.
President Abdel Fattah al-Sisi raised fuel prices by up to 78 percent shortly after taking office in June — a politically-sensitive step that his predecessors had shunned.
CAIRO (Reuters) – Egypt’s tourism industry, battered by three years of political upheaval, violence and street protests, could fully recover by the end of next year if regional turmoil does not spread to the Arab world’s biggest country, the tourism minister said.
While Egypt is by no means wholly stable, Hisham Zaazou said in an interview with Reuters late on Sunday that he hoped tourist numbers would rise by up to 10 percent this year, and recover to pre-uprising levels of 14.7 million visitors in 2015.
CAIRO (Reuters) – An attack on a convoy killed 11 members of the Egyptian security forces in the Sinai Peninsula on Tuesday, security and medical sources said.
Two were killed by a roadside bomb and the others were shot as they tried to flee, the security sources said. Security sources said earlier that the attack killed 10 soldiers.
CAIRO (Reuters) – A Sinai-based militant group said on Thursday it had beheaded four Egyptians, accusing them of providing Israel with intelligence for an airstrike that killed three of its fighters.
Four headless corpses were found in the Sinai Peninsula earlier this month, security sources said — the first time that any decapitations had been made public in Egypt.
BAGHDAD (Reuters) – Islamic State, a militant group that witnesses and officials say has executed hundreds of members of Iraq’s Yazidis, has released a video that seeks to show it enlightened hundreds of members of the religious minority by converting them to Islam.
The production was issued not long after the group on Tuesday released a video showing one of its black-clad fighters beheading American journalist James Foley, sparking international outrage.
BAGHDAD, Aug 20 (Reuters) – Islamic State militants posted a
video that purported to show the beheading of American
journalist James Foley in revenge for U.S. air strikes in Iraq,
prompting widespread revulsion that could push Western powers
into further action against the group.
The video, titled “A Message To America,” also showed images
of another U.S. journalist, Steven Sotloff, whose life Islamic
State said depended on how the United States acts in Iraq.
BAGHDAD/BEIRUT Aug 20 (Reuters) – Islamic State’s beheading
of a U.S. journalist and its threat to “destroy the American
cross” suggests it has gained enough confidence seizing large
areas of Iraq and Syria to take aim at American targets despite
On Tuesday night, Islamic State released a video purporting
to show one of its fighters beheading James Foley, who was
kidnapped in Syria nearly two years ago.
BAGHDAD/BEIRUT (Reuters) – Islamist militants fighting in Iraq released a video on Tuesday which purported to show the beheading of American journalist James Foley and U.S. officials said they were working to determine its authenticity.
The video, titled “A Message to America,” was released a day after Islamic State, an al Qaeda offshoot that has overrun large parts of Iraq, threatened to attack Americans “in any place.”
BAGHDAD (Reuters) – Iraqi forces launched an offensive on Tuesday to drive Islamic State fighters out of Tikrit, hometown of executed dictator Saddam Hussein, while the militants warned they would attack Americans “in any place”.
In Geneva, the United Nations refugee agency said it was starting a major aid operation to get supplies to more than half a million people displaced by fighting in northern Iraq.