FINANCE & ECONOMY

10 Jul 2014

GrainCorp buys 10 pct of Egypt's largest private flour miller

Australian agribusiness GrainCorp Ltd said it has bought a 10 percent stake in Egypt's largest private flour miller, Five Star Flour Mills Co, strengthening its relationship with the world's largest importer of wheat.


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10 Jul 2014

Egypt buys more Romania wheat despite rain concern

Egypt extended its strong start to wheat buying for the new crop year with a 240,000-tonne order from Romania, an unusually large order from a single origin, despite lingering concerns over the impact of rains.


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10 Jul 2014

Egypt's domestic debt up to LE1.7 trillion

Gross domestic debt reached 83 percent of GDP last March, while external debt declined quarter-on-quarter to $45.3 billion, according to latest CBE figures.

Egypt's gross domestic debt reached 83 percent of the country's gross domestic product (GDP) in March, according to the Central Bank of Egypt's (CBE) June statistical bulletin.

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10 Jul 2014

Gas In Egypt Is 78 Percent More Expensive Now Than Last Week

It's 2 p.m. on a hot day in Cairo and cars are lined up for blocks at this gas station in the east of the capital. People are waiting to fill their cars with the cheapest gas available — which is 78 percent more expensive than it was last week.


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10 Jul 2014

Egypt: Proposed Government Law Makes NGOs Subordinate to Security and Ministry Control

The undersigned rights organizations express their deep concern regarding the Ministry of Social Solidarity's latest draft of the bill regulating non-governmental organizations, and declare it a flagrant breach of the constitution and Egypt's international obligations. The law, if adopted,"...

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10 Jul 2014

Bushehr 1st reactor reaches full capacity: Russia

Reactor number one of the Bushehr nuclear power plant in southern Iran has reached its full capacity after a scheduled fuel reload and planned maintenance, an affiliated company of the Russian contractor of the facility says.


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10 Jul 2014

Cochrane Collaboration Confirms Superiority of Oscillating-Rotating Power Brush Technology over Manual Brushing

For the third consecutive time, the independent, not-for-profit Cochrane Collaboration has concluded that oscillating-rotating technology – used in Oral-B power toothbrushes – is the only type of power brush consistently proven to reduce more plaque and gingivitis versus manual"...

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09 Jul 2014

Irrigation development project to provide 10bn cubic metres of water: Agriculture minister

The Ministry of Agriculture is aiming to achieve growth rates of up to 4.5% annually, creating approximately 1.6m jobs, increasing agricultural areas and reclaiming more land, according to Minister of Agriculture and Land Reclamation Adel El-Beltagy.


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09 Jul 2014

Post-30 June fund to provide 140 homes for homeless families by the end of 2014

The Support Egypt Fund 306306 will provide 140 homes costing EGP 61m to homeless families in three Cairo slums by the end of 2014, a cabinet statement said Tuesday.


Around 17 homes have been handed to families with another 23 to be handed over in August, the statement said, adding that the total 140 homes will"......

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09 Jul 2014

Germany lifts travel warnings to Sharm El-Sheikh: Chairman of International Tourism

The German foreign ministry lifted travel warnings for the city of Sharm El-Sheikh Tuesday, according to Chairman of the International Tourism Sector and the Tourism Activation Authority Ahmed Shoukry. He added that other European countries are considering lifting their warnings as well"...

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