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Feb 10, 2015

Vodafone Egypt spending $1.25 billion on network upgrade

CAIRO (Reuters) – Vodafone Egypt (VODE.CA: Quote, Profile, Research) plans to spend around 9.5 billion Egyptian pounds ($1.25 billion) on upgrading its network over the next three years to keep pace with demand for data services, its CEO said.

Vodafone Egypt, majority owned by British mobile operator Vodafone (VOD.L: Quote, Profile, Research), is the leading communications player by customer numbers in the country of 90 million.

Feb 1, 2015

Egypt frees Al Jazeera journalist Greste, two others still held

CAIRO (Reuters) – Al Jazeera journalist Peter Greste was released from a Cairo jail on Sunday and left Egypt after 400 days in prison on charges that included aiding a terrorist group, security officials said.

There was no official word on the fate of his two Al Jazeera colleagues – Canadian-Egyptian Mohamed Fahmy and Egyptian national Baher Mohamed – who were also jailed in the case that provoked an international outcry.

Feb 1, 2015

Jailed Al Jazeera journalist Peter Greste leaves Egypt for Australia

CAIRO (Reuters) – Al Jazeera journalist Peter Greste was released from a Cairo jail on Sunday and left Egypt for his native Australia after 400 days in prison on charges that included aiding a terrorist group, security officials said.

There was no official word on the fate of his two Al Jazeera colleagues – Canadian-Egyptian Mohamed Fahmy and Egyptian national Baher Mohamed – who were also jailed in the case that provoked an international outcry.

Jan 31, 2015

Sisi says Egypt faces long, tough battle against militants

CAIRO (Reuters) – President Abdel Fattah al-Sisi said on Saturday that Egypt faces a long, hard battle against militancy, days after one of the bloodiest attacks on security forces in years.

“This battle will be difficult, strong, evil and will take a long time,” he said in comments broadcast on state television after meeting Egypt’s top military officers.

Jan 31, 2015

Egyptian court bans Hamas’ armed wing, lists as terrorist organization

CAIRO (Reuters) – An Egyptian court on Saturday banned the armed wing of Palestinian group Hamas and listed it as a terrorist organization, a ruling in keeping with a systematic crackdown on Islamists by President Abdel Fattah al-Sisi.

Sisi said on Saturday Egypt faces a tough, prolonged campaign against militancy. “(It) will be difficult, strong, evil and will take a long time,” he said in comments broadcast on state television after meeting top military officers.

Jan 20, 2015

Procter & Gamble optimistic over Egypt’s economic recovery

CAIRO (Reuters) – Procter & Gamble (PG.N: Quote, Profile, Research) expects Egypt’s economic growth could return to levels seen before the country’s 2011 popular uprising within three years, but the government needs to make life easier for investors, the company’s general manager for the region said.

Mohamed Sultan, general manager and vice president, Near East, expressed confidence that stability had returned to the Arab country with its huge market of about 90 million people.

Dec 10, 2014

Egypt needs legal reforms for Suez Canal hub to succeed -consultant

CAIRO, Dec 10 (Reuters) – The consultant on a project to
develop the Suez Canal says cumbersome Egyptian government
bureaucracy could hamper its chances of success.

Yehia Zaki, director of Egypt operations at global
engineering firm Dar Al-Handasah, said he had urged the
government to introduce bureaucratic and legal reforms.

Nov 27, 2014

Iraq finance minister urges battle against graft in military

BAGHDAD (Reuters) – Iraq’s finance minister called for deep-rooted reforms to stamp out corruption in a military that collapsed in the face of an Islamic State advance, as he prepares to spend nearly a quarter of the 2015 budget on defense.

Hoshiyar Zebari will push for about 23 percent of a proposed 2015 budget of $100 billion to be poured into defense and security when it is presented to Iraq’s cabinet “very soon”.

Nov 13, 2014

Kurdistan region, Baghdad reach deal on oil exports and payments

BAGHDAD/ARBIL, Nov 13 (Reuters) – The government of Iraq and
the semi-autonomous region of Kurdistan have reached a deal to
ease tensions over Kurdish oil exports and civil service
payments from Baghdad, Iraq’s finance minister told Reuters on
Thursday.

Hoshiyar Zebari said the central government had agreed to
resume payments from the federal budget for Kurdish civil
servants’ salaries.

Nov 8, 2014

U.S. air strikes target Islamic State convoy in Iraq

BAGHDAD/WASHINGTON (Reuters) – U.S. air strikes destroyed an Islamic State convoy near the Iraqi city of Mosul but U.S. officials said on Saturday it was unclear whether the group’s top commander Abu Bakr al-Baghdadi had been in any of the 10 targeted vehicles.

Colonel Patrick Ryder, a Central Command spokesman, said the U.S. military had reason to believe that the convoy was carrying leaders of Islamic State, an al Qaeda offshoot which controls large chunks of Iraq and Syria.