FINANCE & ECONOMY

03 Sep 2014

Feasibility study underway for propylene project through $1.5bn in investments: ECHEM official

A feasibility study for a propylene production project in Alexandria worth $1.5bn in investments is underway, according to an international consultancy office that requested anonymity, said an official from the Egyptian Petrochemicals Holding Company (ECHEM).


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03 Sep 2014

Government begins reviewing bids for renewable energy projects

The government has begun reviewing offers submitted by private companies to carry out renewable energy projects in Egypt, said Minister of Electricity Mohamed Hamed Shaker.


Shaker"...

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03 Sep 2014

Mega projects may shore up Egypt's ailing economy

Egyptians hope the national economy will witness recovery in the coming few years amid experts' forecast that planned mega projects will boost such positive outlook The World Bank forecast a 2.7 percent economic growth during remaining months of the current year, as compared to 2.3 percent last year.

Such an outlook comes amid plans for new mega projects...

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03 Sep 2014

Egypt's FM flies to Ethiopia on Thursday for dam talks

Egypt's Foreign Minister Sameh Shoukry is to visit Addis Ababa on Thursday for further Grand Renaissance Dam talks.

Egypt's Foreign Minister Sameh Shoukry is set to visit Addis Ababa on Thursday for further talks on Ethiopia's Grand Renaissance Dam, a diplomatic source told Ahram"...

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03 Sep 2014

Belgium lifts travel ban on Egypt's Sharm El-Sheikh

Several key European countries have recently lifted travel warnings against the Red Sea resort town, imposed after February bombing of tour bus in South Sinai.

Belgium has lifted its warning against travel to Sharm El-Sheikh in South Sinai, Egypt's tourism ministry announced on Monday.

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03 Sep 2014

Egypt rises on real estate; Saudi, Dubai pull back

Egypt's bourse outperformed an otherwise sluggish region on Tuesday on the back of property firms and other blue chips, while banks dragged down Saudi Arabia after the kingdom's central bank tightened consumer lending regulations.

The Cairo index rose 1.8 percent, its biggest gain"...

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03 Sep 2014

Iran sends 95 tons of humanitarian aid to Gaza via Egypt

Iran's Red Crescent Society has sent 95 tons of aid – including medicine, medical equipment, food, tents and blankets – to the Gaza Strip, the country's Fars News Agency reported, quoting a senior official of the humanitarian organization.


Egypt"...

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03 Sep 2014

Independent Study Shows Asia Pulp and Paper has Sufficient Plantation for its Zero Deforestation Commitment

  • Study confirms long-term viability of APP’s 100 per cent plantation, Zero Deforestation products
  • Announcement made as part of Forest Conservation Policy 18 month update

An independent study has today confirmed that Asia Pulp and Paper Group (APP) has sufficient"...

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03 Sep 2014

Property Network to Showcase Exclusive Developments by Dubai Properties

Property Network, one of the leading real estate brokerage agencies in UAE, will be hosting an exclusive sales event in partnership with Dubai Properties, one of the leading property developers in Dubai to showcase premium properties by the developer to the individual and corporate investors"...

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03 Sep 2014

Easy Taxi Secures Funding from Mobily Ventures

Easy Taxi, one of the world’s leading mobile taxi apps, is one of the first two companies to secure funding from “Mobily Ventures”, the Corporate Venture Capital arm of Mobily, the leading telecommunication operator in Saudi Arabia. This brings Easy Taxi’s total"...

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