FINANCE & ECONOMY

09 May 2015

Egypt’s budget deficit picks up 9.4% of GDP in 9 months

Egypt’s budget deficit in nine months from July to March of FY2014/2015 hiked to 9.4 percent of the country’s gross domestic product (GDP), nearly 2 percent up from 7.3 percent in the same period last year, Finance Ministry announced Friday.


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09 May 2015

Egypt receives LNG shipment from Algeria’s Sonatrach

Egypt’s Ain Sokhna port received Friday a liquefied natural gas (LNG) shipment of 3 billion cubic meters (bcm) from Algeria’s Sonatrach, Petroleum Ministry said in a statement.


This"...

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09 May 2015

Food prices surge in Egypt ahead of further rise in summer

Surging prices of meat, poultry, vegetables, oil and sugar in Egypt have sparked public anger, a further rise in prices is expected in July to coincide with a scheduled increase in electricity prices.


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09 May 2015

London Stock Exchange welcomes Egypt’s Integrated Diagnostics Holdings

London Stock Exchange formally welcomed Egypt’s Integrated Diagnostics Holdings (IDHC) to its markets today. The Cairo-based company, which operates 283 medical testing and radiology laboratories raised $290m in an initial public offering. IDHC’s market capitalisation on completion"...

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09 May 2015

Egypt’s Tamarod outlives its purpose

Several questions have been raised on the second anniversary, on April 28, of the Tamarod movement (Arabic for “rebellion”) — a grass-roots campaign that played a major role in the overthrow of former"...

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09 May 2015

Egypt, China trade balance hits $11.6b in 2014

The trade balance between Egypt and China has reached a total of $11.6 billion in 2014, according to the Republic of China ambassador to the African country.

The Egypt-China cooperation is set to be further boosted by China Development Bank (CDB), which is ready to supply Egypt with the necessary fund for small and medium-sized enterprises (SMEs).

The...

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09 May 2015

New marketplace brings Egyptian manufacturing online

An Egyptian man named Mina Labib launched Tajerinn on Dec. 24, 2014, the first Egyptian communication network that aims to connect Egyptian manufacturers of raw materials to each other, locally for the time"...

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09 May 2015

The ties that bind the US and Egypt

Last week, the American Chamber of Commerce in Egypt introduced the new U.S. Ambassador, Stephen Beecroft, to an audience that filled every seat in the Four Seasons massive ballroom in Cairo. It was a memorable lunch for all of us in the room. Listening to Ambassador Beecroft address over"...

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09 May 2015

The Emirates Strategic Planning Association to Organize Third Annual Conference on May 18

Under the patronage of Lt. General HH Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Interior and President Emeritus of the Emirates Strategic Planning Association, the association will be holding its third annual conference on May 18th. The conference will be held"...

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08 May 2015

SELFSAT>IP, The World’s First SAT>IP Antenna, Gives Mobile Reception Devices Full Accessibility to Satellite Broadcasts

SES S.A. (NYSE Paris:SESG) (LuxX:SESG) is showcasing the first commercially manufactured Ku-band flat antenna with integrated IP-LNB at its annual Industry Days. The antenna is produced by Korean manufacturer I DO IT Co., LTD., and will soon be available in major European markets.

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