FINANCE & ECONOMY

16 Jul 2016

Egypt’s Arab Contractors to finish works on Qasr al-Nil Bridge in 2 weeks

Egypt’s state-run construction company, Arab Contractors, would finish the maintenance works on Qasr al-Nil Bridge within the next two weeks , Ahmed Taymour deputy Cairo governor said Saturday.


The"...

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16 Jul 2016

Heliopolis to build key treatment plant in Egypt

Egypt-based Heliopolis Company for Housing and Development has announced plans to set up a water tertiary treatment plant in capital Cairo at an investment of E£100 million ($11.2 million), said a report.

A suburb in north eastern Cairo Governorate, New Heliopolis City will boast key residential areas besides educational and recreational facilities...

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16 Jul 2016

Egypt Lost between Large National, Individual Projects

The State Information Service published a month ago the “Enormous National Projects… Development’s Engine” book that included 17 national projects on which the Egypt has been working to finish as soon as possible. The book falls in line with the government’s"...

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16 Jul 2016

Sugar prices stabilise in the local market despite global volatility: Ministry of Supply

The Sugar Committee, headed by Minister of Supply and Internal Trading Khaled Hanafy, decided to maintain the stability of sugar prices in ministry outlets and in private sector markets despite the global volatility of prices in order to provide sugar at low prices for citizens, especially"...

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16 Jul 2016

Banque Du Caire allocates EGP 1.5bn to finance SMEs over 6 months: bank chairperson

Banque du Caire has allocated EGP 1.5bn to finance small and medium-sized enterprises (SMEs) throughout the next six months, according to the bank’s CEO Mounir El-Zahid.

El-Zahid explained in a statement on Thursday that the SMEs portfolio in the bank is estimated at more than"...

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16 Jul 2016

Mumm and A15 join forces to provide home-made food online

Egypt’s entrepreneurship ecosystem witnessed another significant partnership; technology investor A15 and digital food platform Mumm came together, bringing about an investment and a merger.

Mumm is a digital platform through which customers can order home-cooked meals delivered"...

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16 Jul 2016

Minister of Communications, Information Technology to meet with electronics manufacturing companies

Minister of Communications and Information Technology Yasser El-Qady will meet with five companies specialised in manufacturing mobile phones and devices next week to discuss opportunities for the future manufacture of mobile phones, tablets, and Internet of Things products in Egypt, an official at the ministry revealed.

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16 Jul 2016

$400m dues owed to RWE for its stake in Suez Oil Company fields

The Ministry of Petroleum owes its German partner RWE $400m in dues in exchange for its stake in oil and gas from concession areas.

A source in the petroleum sector revealed to Daily News Egypt the real reason behind the employees issue with the Egyptian General Petroleum Corporation"...

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16 Jul 2016

Coup could be 'positive development' for U.S. and allies

As an attempted military coup unfolds in America’s NATO ally Turkey, one of the nation’s top Middle East experts sees it as a possible blessing that could hurt the jihadist cause and decrease tyranny.

“It’s still too early to tell, as fighting reportedly"...

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16 Jul 2016

Cairo would cooperate with Ankara 'if Turkey ends interference'

Cairo is ready to cooperate with Turkey provided it does not interfere in its domestic affairs, Egypt's parliament speaker said during an official visit to Russia, alluding to Ankara's support for the outlawed Muslim Brotherhood as Egypt claims.


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