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Egypt’s air strikes on Sinai good timing for $1.3bn US military aid package

On Tuesday Egyptian warplanes launched airstrikes on North Sinai in response to the death of a senior army brigadier who was killed after Wilayat Sinai targeted his vehicle. Local sources told Al-Araby Al-Jadeed that fighter planes hit the city of Sheikh Zuweid and west of the town of Rafah.

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Egyptian army controls secret funds, report finds

Informed Egyptian sources have revealed specific information and exclusive details about vast secret funds controlled by the Egyptian military institution as part of its financial assets, which are not subject to any sort of supervision. These funds are not included in the general budget of the state or even the …

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Egypt’s private sector is squeezed by the army’s hold over the economy

The Egyptian Minister of Finance, Dr Mohamed Maait, has confirmed that the country is set to witness a greater role for the private sector in economic development, as it is the engine of growth. The government has an increasing interest in opening new development opportunities that will enhance private sector …

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