FINANCE & ECONOMY

12 Sep 2016

Egypt eyes further Chinese investments, says minister

CAIRO: Egypt seeks further Chinese investments in its ongoing national development projects, while considering China as one of the most important strategic partners, said Egyptian investment minister.

The minister Dalia Khorshid said in an interview with Xinhua that Egypt expects more Chinese investments particularly in the fields of energy, transport...

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12 Sep 2016

When baby milk disappears, Egypt turns to the military

Stores were running low of baby milk and suppliers had hiked prices. So the Egyptian government called in the army.
Trying to placate a population frustrated over the state of the country’s finances and rampant inflation, the military said it would import millions of tins of formula this month to sell for half the retail cost. The nation is used to...

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12 Sep 2016

Egypt to sign €500 mln agreement with EIB in October for SMEs: Ministry

Egypt will sign a 500 million euro agreement to support small and medium enterprises (SMEs) with the European Investment Bank (EIB) among a number of financing agreements in the second half of October, the Ministry of International Cooperation announced Sunday on its website.

The statement"...

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12 Sep 2016

Rights defenders criticize Egypt's new Cabinet-approved NGO law

The government approved Egypt’s new draft NGO law on Thursday, sending it to the State Council and then Parliament for review.

The bill has been met with staunch criticism from civil society organizations and"...

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12 Sep 2016

Egypt expects to sign agreements with European Investment Bank worth EUR575m

CAIRO, Sept 11 (Aswat Masriya) - Egypt is expecting to sign agreements with the European Investment Bank worth EUR575 million in the second half of October, Ministry of International Cooperation said on Sunday.

The"...

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12 Sep 2016

Cyprus-Greece 'value security' says Egypt's FM Sameh Shoukry

Egypt’s Foreign Affairs Minister, Sameh Shoukry, told Independent Balkan News Agency on Sunday that the tripartite with Greece and Cyprus shows that the two countries “value security and understand the potential dangers for instability in Egypt.” Shoukry was speaking after Cyprus and Egypt signed a landmark deal to transport natural gas from...

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12 Sep 2016

Crédit Agricole resumes use of prepaid, credit cards for online purchases

Crédit Agricole-Egypt allowed the use of prepaid and credit cards for online shopping in foreign currencies on Sunday after this was suspended last week.

The bank said on its website: “You can resume"...

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12 Sep 2016

SES Delivers as Sky High Connectivity Takes Off

SES S.A. (Euronext Paris:SESG) (LuxX:SESG) boosts aeronautical demand, fueling a new age of connectivity in the air. Airlines require increasing amounts of bandwidth as passenger demand for inflight connectivity rises and they discover the operational efficiencies that are now possible."...

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12 Sep 2016

SES Orders High Throughput Satellite from Thales with First Secured Anchor Customer for Inflight Connectivity

SES-17 to extend SES's high throughput satellite capabilities to deliver inflight connectivity for aeronautical markets and managed services in other data markets

First long-term anchor agreement"...

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12 Sep 2016

McLarens Introduces Dubai Office & United Arab Emirates Country Manager

Global loss adjuster, McLarens, is pleased to introduce its newest office in Dubai, United Arab Emirates to further support clients in the region. The Dubai team will be led by Malcolm Addy, Country Manager – UAE, who will also oversee our existing operation in Abu Dhabi. Malcolm reports"...

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