FINANCE & ECONOMY

02 Apr 2014

Egypt museums hope grassroots fundraising will prove fertile

Construction has begun on the main hall of the Grand Egyptian Museum at Giza, though funding remains a problem for the long-running project. Despite around $300m in soft loans from the Japanese International Cooperation Agency, a fall in tourist revenue since the January 2011 revolution"...

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02 Apr 2014

Defence ties sought with Egypt, Jordan

Egypt and Jordan could become members of the Peninsula Defence Shield - if a parliamentary proposal is passed. The draft bill was unanimously approved by MPs yesterday, who referred it to the foreign affairs, defence and national security committee for further review, said a report in the Gulf Daily News (GDN), our sister publication. Minister of State...

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02 Apr 2014

Life Insurance Distribution Channels in Egypt to 2017: Market Databook - New Market Report

This report is the result of Timetric's extensive market research covering the life insurance industry in Egypt . It contains detailed historic and forecast data for distribution channels. "Life Insurance Distribution Channels in Egypt to 2017: Market Databook" provides detailed insight into the operating environment of the life insurance industry in Egypt ....

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02 Apr 2014

TransCentury departure gives Egypt’s Citadel the control of Rift Valley Railways

Egypt’s Citadel Capital has yesterday completed the long expected acquisition of a 34 percent stake previously held by Kenya’s TransCentury, a company listed on the Nairobi Stock Exchange.


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02 Apr 2014

Assiut power station project receives USD 106 m loan from KFAED


Kuwait Fund for Arab Economic Development (KFAED) signed on Monday a loan agreement with Egypt totaling KD 30 m (USD 106 m) to help finance a power station in southern Assiut province generating 650 Megawatt.

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02 Apr 2014

Smart card company complains of delay in Egyptian subsidy cut scheme


The Egyptian government is taking too long to roll out an electronic smart card system designed to reduce costly energy subsidies, the company contracted for the project alleged on Tuesday.


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02 Apr 2014

Italy provides Egypt EGP 3.5m for solar power in Wadi Al-Rayan

Italy has provided Egypt with a EGP 3.5m grant for the development of solar powered electrical units the Wadi Al-Hitan region of El Fayoum Governorate’s Wadi Al-Rayan wildlife reserve, according to a Tuesday statement from the Ministry of Environment. The grant comes under the framework of Egyptian-Italian cooperation in the fields of environmental protection...

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02 Apr 2014

Canon supports independent photographers with sponsorship of Egypt Photo Summit

Canon Middle East, a world leader in imaging solutions, supported the Egypt Photo Summit as a sponsor of the biggest photography and CGI community event in the country, held recently at the American University in Cairo.


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02 Apr 2014

EP Committee debates situation in Egypt with Nabil Fahmi

The European Parliament''''s Foreign Affairs Committee Tuesday debated with Egyptian Foreign Minister Nabil Fahmi the current developments in his country.

"The next president, who will take office sometime in June, will have the challenge of starting up the economy, ensuring security, and bringing all the people together again," Fahmi told the committee.

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01 Apr 2014

CMT’s LPG Series Widens Coverage to Africa, Explores Demand, Export & Infrastructure Needs

Like the past editions, the Accra chapter is also expected to draw major LPG players from across the world, plus key stakeholders from the region. With the rise in demand for LPG in various parts of Africa, the 1.5 day summit aims at exploring opportunities resulting from evolving consumption"...

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