FINANCE & ECONOMY

28 Aug 2014

Quartet Committee to regulate financing, implementation of Suez Canal project


Finance Minister Hany Kadry Dimian has stated that Prime Minister Ibrahim Mehleb formed a “quartet committee” comprising the ministers of investment, industry and planning, alongside Kadry, to"...

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28 Aug 2014

World Bank finance for existing projects in Egypt hits $5.4 bln; Schafer


The total in World Bank (WB) funding across 25 projects in Egypt has now reached $5.4bn, according to the WB Country Director for Egypt, Yemen, and Djibouti Hartwig Schafer.


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28 Aug 2014

International conference to revive Downtown as heritage area via presidential commission

The government is set to hold an international conference, commissioned by President Abdel Fattah Al-Sisi, to revive Downtown Cairo as an important Middle Eastern heritage area after transferring street vendors to a new location.


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28 Aug 2014

Transportation minister inaugurates Egypt-Sudan Qustul Border Crossing

The inauguration of the Qustul Border Crossing represents a starting point for Egyptian products to begin entering the Sudanese market as well as the markets of other African countries, according to Minister of Industry and Trade Mounir Fakhry Abdel Nour.


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28 Aug 2014

Al Qalaa targets 25% revenue growth, $700m from noncore industries’ exit: Hisham El-Khazindar

Al Qalaa Holding is targeting a 25% year on year increase in its annual revenues, the company’s co-founder and managing director Hisham El-Khazindar told Daily News Egypt Tuesday. El-Khazindar added that the revenues from the company’s exit from its non core industries during"...

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28 Aug 2014

Daily increase of 100m cubic feet of gas production in Egypt

For the first time in this fiscal year, after facing several dips, gas production in Egypt has been upped. The current daily production rates stand at 4.65bn cubic feet of gas, as opposed to 4.75bn last week.


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28 Aug 2014

Egypt: Nile Basin Tension Mounts As Waters Decline

Today, nearly a billion people in the developing world don't have access to clean, safe drinking water. In sub-Saharan Africa, people's true potential is restricted by time lost trying to gather water and energy spent suffering from water-borne diseases. Education is lost to sickness. Economic"...

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28 Aug 2014

New GM for TNT Express Egypt

TNT Express Middle East has appointed Mohamed Kamal as the country general manager for TNT Express Egypt.

With over 20 years of experience, Kamal has previously held senior management roles within the industry across both the Middle East and Asian countries.

Kamal’s focus will be to align Egypt to the regional opportunities that exist...

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28 Aug 2014

UN Delivers Food To Gaza Via Egypt's Rafah Crossing For First Time Since 2007

A United Nations World Food Programme (WFP)'s humanitarian convoy successfully crossed from Egypt into the Gaza Strip on Wednesday for the first time in seven years, Xinhua news agency reported.

Trucks carrying five days' food supplies for 150,000 people arrived at the Rafah crossing after a seven-hour drive from Alexandria across the Sinai Peninsula.
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28 Aug 2014

Egypt’s unified licence regime expected to go live in early September

Egypt’s Ministry of Communication and Information Technology (MCIT) is said to have dated the long-awaited unified licensing regime, with it now expected to become valid from the start of September 2014. According to Daily News Egypt, which cites ministry"...

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