FINANCE & ECONOMY

19 Sep 2016

EU slams Egypt over NGO clampdown

An Egyptian court froze assets of five prominent human rights defenders and three non-governmental organisations on Saturday (17 September), provoking fears of an intensified crackdown on civil society.

They had"...

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19 Sep 2016

Problems plague Egypt’s roads, rails

Two horrific accidents on the same day in Egypt earlier this month have brought transportation safety into question as authorities examine numerous flaws in the system. Officials claim those problems range from poor maintenance to drug-addicted drivers to unqualified employees hired through nepotism.

A"......

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19 Sep 2016

Egypt to send delegation to Russia after ban on Egyptian agricultural imports

The Russian decision comes after Egypt changed its import regulations to state that the country would no longer accept any amount of ergot, a decision that will hurt Russia, Egypt's number one wheat supplier.

Egypt will send a technical delegation to Russia at the end of September from the"...

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19 Sep 2016

1.2 mln housing units constructed in Egypt in past five years: CAPMAS

In its report on housing in Egypt, CAPMAS shows that public expenditure in the housing sector amounted to 41.7 percent, while private sector spending stood at 58.3 percent.

The number of housing units constructed in Egypt during the past five years is 1.2 million, with investments up to"...

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19 Sep 2016

UPDATE 2-Egypt seeks wheat for third time since ergot reversal

Egypt, the world's largest wheat buyer, is tapping global markets again to purchase the strategic grain, its third attempt since reinstating a controversial zero tolerance policy towards the ergot fungus that has infuriated traders.

"...

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19 Sep 2016

Egypt to spend $37.6m on Red Sea projects

Egyptian government has earmarked E£330 million ($37.6 million) for the redevelopment of slums in the Red Sea cities, said a report.

The development scheme will include Ras Gharib, Hurghada, Safaga, and Al-Qusayr cities, reported Amwal Alghad.

Around 250 homes will be built in Rawada district in Hurghada besides 30 new buildings as...

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19 Sep 2016

Biopharm, a EuroMena Portfolio Company, Gets Listed On the Algiers Stock Exchange

EuroMena has announced the listing of Biopharm, one of its portfolio companies, on the Algiers Stock Exchange. The shares listed represent 20% of the company for a value of DZD 6.3 billion (c. USD 60 million). The company is the third company of EuroMena to successfully enter a stock market,"...

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19 Sep 2016

TA Associates Announces Significant Investment in Radixx International

TA Associates, a leading global growth private equity firm, today announced it has completed a significant investment in Radixx International, Inc., an industry-leading provider of travel distribution and passenger service system software for airline reservations, distribution and merchandising."...

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19 Sep 2016

The First Group Names Indian Cricket Legend Sunil Gavaskar as Its Newest Ambassador

Indian Test cricket legend Sunil Gavaskar is the latest international sports star to endorse leading Dubai-based property developer, The First Group.


The much-loved former cricketer, who is widely regarded as one of the greatest opening batsmen in cricket history, has been named The"......

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