Daily Archives: July 28, 2013
Beware of understatement penalties.
Egypt: Egypt’s General Authority for Port Said Ports has said recent clashes in the country’s coastal cities have resulted in casualties, but have had no impact on maritime traffic, Daily News Egypt has reported. Ahmed El-Akkad, the chairman of Alexandria Chamber of Shipping, said there have been no suspensions in traffic since the June 30 protests. “Even during the unrest in Port Said in January, the port was working,” he added. [AMEInfo.com]
Egypt: Egyptian finance ministry has said the second quarter of 2013 saw a 2.2% growth of the country’s gross domestic product (GDP), Daily News Egypt has reported. The increase, however, was less than the first quarter, which saw an increase of 2.4% of the GDP, the ministry said. “Between May and July 2013, the budget deficit rose to 11.8% to reach EGP204.9bn, compared with EGP136.5bn during the same period last year,” it said. “In addition, it is expected that the budget deficit reaches 9.1% as a percentage of GDP during the fiscal year budget 2014/2013, to become approximately EGP186bn,” the ministry said in its report. [AMEInfo.com]
Egypt: Egyptian aviation officials have denied reports that passenger traffic at Cairo International Airport fell by 55% during the past few weeks of unrest, Daily News Egypt has reported. A report by Dutch news agency DPA said that traffic fell to “its lowest ever,” which pushed six airlines to cancel their flights to and from Cairo, calling it profitless. “55 % is a horrible decrease, and there is no withdrawal in number of passengers,” said the PR director of Cairo International Airport, Ahmed Saleh. “We are functioning properly, especially since we are in the Umrah season.” [AMEInfo.com]
Suspected members of Islamist group Boko Haram shot dead more than 20 civilians when a vigilante group attacked them in the northern Borno state.