‘Expedition Unknown: Egypt Live’ Uncovers 2,500-Year-Old High Priest Mummy During Broadcast

Audiences from around the world witnessed history on the Discovery show Expedition Unknown: Egypt Live, as a team of Egyptian archaeologists and explores uncovered a 2,500-year-old mummy of a high priest. Related Discovery Sets Cautionary Reminder 'Liberation Heroes: Last Eyewitnesses' For Holocaust Remembrance Day The two-hour live event also uncovered antiquities, including a mysterious wax head and two other mummies. […]

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Egypt to implement price indexation mechanism on 95 octane gasoline starting April

Jan 7 (Reuters) – Egypt will implement an automatic price indexation mechanism on 95 octane gasoline starting April, the petroleum minister said on Monday. The price of 95 octane gasoline may stay at the current rate or it could increase or decrease by no more than 10 percent, Petroleum Minister Tarek El Molla told Reuters. (Reporting by Ahmed Ismail, writing […]

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Egypt's pound set to weaken as banks deplete their foreign currency reserves

Egypt’s state banks have reportedly been propping up the Egyptian pound by selling their foreign exchange assets — a strategy that can only last a few more months, economists warn. While the pound has performed well versus its emerging market counterparts, capital flight out of Egypt has seen foreign holdings of Egyptian treasury bonds drop by $8 billion and the […]

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