FINANCE & ECONOMY

10 Feb 2018

Egypt-Turkey tensions reignite over gas – report

Political tensions between Turkey and Egypt, which mounted following the deposing of Egyptian President Mohamed Morsi in July 2013, are ratcheting up again, this time over ownership of natural gas fields in the Mediterranean.

Egypt"...

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10 Feb 2018

EgyptAir Cargo invests EGP 1.98bn to develop fleet through 2021

EgyptAir Cargo intends to invest EGP 1.98bn to replace and renew its cargo until the end of the fiscal year 2020/2021.

Chief Executive Officer Bassem Gohar said that the company supports exports through a tripartite"...

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10 Feb 2018

Belco exports brought in €9.5m last season

Belco fresh produce company’s exports reached €9.5m in the past season, up from €9m in the prior year, 5% higher than its target.

Sherif El-Beltagy, chairperson, said that Belco did not have great"...

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08 Feb 2018

Egypt warns Turkey over East Med economic interests

Egypt on Wednesday warned Turkey against any infringement of its economic rights in the eastern Mediterranean under a maritime border demarcation agreement signed in 2013 with Cyprus that allows exploration for gas in the area.

The"...

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08 Feb 2018

Social Housing Fund negotiating with Egypt’s government to provide new capital’s lands

Egypt’s Social Housing Fund (SHF) is negotiating with the county’s New Administrative Capital Company for Urban Development to provide a number of land plots, said SHF’s vice chairman May Abdel Hamid on Tuesday.

The"...

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08 Feb 2018

Egypt set to launch innovation fund worth 1 bln pounds

Governor of the Central Bank of Egypt (CBE) Tarek Amer said that the possibility of the launching a 1 billion fund is under study tol support innovation, according to his speech at the second day of the Financial Technology (FinTech) conference 'Seamless North Africa'.

He"...

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08 Feb 2018

Joint United Nations in Egypt Statement on the International Day of Zero Tolerance for Female Genital Mutilation

Joint United Nations in Egypt Statement on the International Day of Zero Tolerance for Female Genital Mutilation: Female Genital Mutilation/Cutting (FGM/C) is one of the harmful practices that young women and girls around the world are subjected to. It is a human rights violation affecting at least 200 million girls and women alive today in the world. FGM/C is deeply rooted in traditions and culture and has lasting negative health consequences, both physical and emotional, on women and girls. In commemoration of the International......

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08 Feb 2018

Indian investments in Egypt reach $3bn: Indian Ambassador

India’s Ambassador to Egypt, Sanjay Bhattacharyya, stated on Wednesday that the value of the Indian economy soared to $2.5 trillion following substantial investments in its commercial and technological sector, and that the number of Indian companies operating in different Egyptian"...

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08 Feb 2018

Egypt-Sudan intelligence meeting to be held in Cairo

Sudan’s Foreign Minister Ibrahim Ghandour and the Director of Security and Intelligence Mohammed Atta will travel to Cairo today for a two-day official visit.

Ghandour and Atta are scheduled to meet with"...

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08 Feb 2018

Egypt to build its first therapeutical entity to boost medical tourism

Parliamentarian and former head of the American Tourism Federation Amr Sedky announced Tuesday the finalization of a bill stipulating the construction of Egypt’s first therapeutical entity in an effort to boost Egypt’s medical tourism.

"...

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