FINANCE & ECONOMY

23 Mar 2017

Egypt, Russia to finalise contracts for Dabaa nuclear plant within two months

The government is set to complete the agreement on two contracts with Russia regarding the Dabaa nuclear power plant within two months. The two contracts include provisions on technical support, operation, maintenance, and fuel depots.

...

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23 Mar 2017

Egypt targets 4 to 4.5 m tonnes of wheat in 2017: Minister

Egypt is targeting between 4 to 4.5 million tonnes of wheat in 2017, Supply Minister Ali Moselhi said on Monday according to state news agency MENA.

Moselhi said at a press conference that there are two wheat silos from the UAE and Bloomberg"...

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23 Mar 2017

TBEA, Orascom win tender for Walideya power plant

Chinese company TBEA and the Egyptian Orascom won the tenders for implementing transformers’ substations and civil works for the 650 MW Walideya, Assiut power plant.

Sources at the Upper-Egypt Electricity Production Company (UEEPC) said that TBEA will be awarded a contract worth EGP"...

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23 Mar 2017

Only One Kind of Trader Is Doing Well Out of Egypt's Cheap Pound

Since Egypt devalued its currency, life in Cairo has gotten a lot easier if you sell stocks for a living -- and a lot harder if you sell fruit.

Mostafa Nagaty at Arqaam Capital says he’d begun to fear that “this profession was dying.”"......

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23 Mar 2017

Are women the solution to Egypt’s economic problems?

Efforts and programs calling for the empowerment of women at all levels, especially the economic level, have become an important part of the statements and plans of international organizations and Egyptian institutions. Hassan"......

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23 Mar 2017

98 students in Egypt treated for food poisoning

Ninety-eight students in the Nile Delta north of Cairo have been treated for food poisoning symptoms in the second case of suspected mass poisoning caused by government-issued lunches this month.
Hanaa Sorour, an official of the Egyptian Health Ministry based in the delta, said all the affected students were released from the hospital after suffering stomach...

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23 Mar 2017

Egypt negotiating third $1 bln tranche of World Bank loan

Investment minister Sahar Nasr met with World Bank officials for discussions after delivery of second tranche of $3 bln loan

Egypt is negotiating the third and final $1 billion tranche of a $3 billion World Bank loan to support the government’s economic reform programme, the Ministry"...

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23 Mar 2017

Egypt’s inflation is just a symptom of a greater problem

The sharp devaluation of the Egyptian pound, an increase in fuel prices and the three percentage point increase in the valued added tax late last year triggered a jump in the country’s price inflation to the highest in three decades.

But"...

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23 Mar 2017

ASG Technologies Helps Modern Enterprises Evolve Their ECM with New Content Services

(BUSINESS WIRE)--ASG Technologies has announced Mobius 7.0, a next generation content solution delivering content services for the modern enterprise. Mobius 7.0 provides access to any type of content, at any time and is deployable on-premise, in the cloud, or in a hybrid model, with advanced"...

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23 Mar 2017

Fenergo to Deliver 200 New Jobs to Support Global Growth

Fenergo, the leading provider of Client Lifecycle Management software solutions for investment, corporate and private banks, has today announced the creation of 200 new jobs due to rapid global expansion, bringing its total global employee base to 500.

The"...

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