FINANCE & ECONOMY

18 Apr 2015

Orascom Construction CEO bullish on Egypt, wants more reforms

Orascom Construction is bullish about growth opportunities in Egypt but wants the government to make clear commitments to further economic reforms, the company's chief executive said in an interview on Thursday.


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18 Apr 2015

Egypt supports sugar producers, ay slap big imports’ tariff

Egypt is considering a 20 per cent tariff on white sugar imports as it bolsters its own sugar industry with a subsidised export push, a ministerial statement and a filing at the World Trade Organisation said on Friday.

“It is proposed to impose a provisional safeguard measure in the form of additional duty 20 per cent of the CIF (cost, insurance...

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18 Apr 2015

Egypt signs agreement with World Bank to support 1.5 m poor families

Minister of Social Solidarity Ghada Waly said that the government is to sign a $400 million agreement with the World Bank Friday for a project that is set to benefit 1.5 million poor Egyptian families, Youm7 reported.


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18 Apr 2015

CzechRep, Egypt support each other in U.N. candidatures

The Czech Republic and Egypt will support each other's candidatures for international institutions within the United Nations, the two countries´ foreign ministers, Lubomir Zaoralek and Sami Shukri, respectively, agreed today.


The"...

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18 Apr 2015

Egypt discovers record-length smuggling tunnel

“Tunnels are gates for terrorism and external support of terrorism from Gaza to Sinai,” security expert Maj. Gen. Khalid Okasha said when asked about the news of the buffer"...

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18 Apr 2015

Egypt safe, tourism rebounding, Egyptian archeologist Hawass says

Egypt’s best-known archeologist is a passionate showman with an explorer’s fedora who joined the last, doomed cabinet of President Hosni Mubarak, then resigned in a swirl of corruption allegations after the 2011 revolution ousted his patron. Admired or reviled, he is once again"...

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18 Apr 2015

Egypt: We asked EU to freeze assets of two Brotherhood leaders

Egypt has asked the EU to freeze the assets of two Muslims Brotherhood leaders however they have not received a response yet, an official revealed yesterday.

Speaking to the Anadolu Agency by telephone, Judge Adel Fahmy, assistant Attorney General for International Cooperation,"...

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17 Apr 2015

Pershing Square Holdings, Ltd. Releases Regular Weekly Net Asset Value as of April 14 2015

Regulatory News:


Pershing Square Holdings, Ltd. (ticker: PSH:NA) today released its regular weekly Net Asset Value (NAV) on its website, www.pershingsquareholdings.com."......

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17 Apr 2015

Schlumberger Declares Quarterly Dividend

The Board of Directors of Schlumberger Limited (NYSE:SLB) today declared a quarterly dividend of $0.50 per share of outstanding common stock. The dividend is payable on July 10, 2015 to stockholders of record at the close of business on June 3, 2015.


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17 Apr 2015

CAMAC Energy Announces Corporate Changes

Changes name to Erin Energy Corporation

New ticker symbol “ERN”

Announces 1:6 reverse stock split


CAMAC Energy Inc. (NYSE MKT:CAK) (the “Company”) will implement a reverse stock split of its common stock pursuant to which each six shares of common"......

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