Billions needed to upgrade Egypt's power grid as summer crunch looms
Egypt needs to find at least USD 5 billion to invest in its dilapidated power grid, a government official told Reuters, highlighting a major challenge for the next president as the country faces the risk of worsening blackouts this summer.
Bomb kills Egyptian police officer - state TV
A senior Egyptian police officer was killed when a bomb exploded under his car outside his home near Cairo on Wednesday, state television and a security source said.
Egypt to pay some USD1bn owed oil firms within two months - minister
Egypt will pay about USD 1 billion of the money it owes to foreign oil companies within the next two months, the state's MENA news agency said, quoting Oil Minister Sherif Ismail.