FINANCE & ECONOMY

10 Aug 2014

Egypt “ready” to help Lebanese army

Egyptian Ambassador to Lebanon Ashraf Hamdi voiced his country’s readiness to provide “all possible aid” to the Lebanese army and security forces.


Hamdi also announced that he will discuss the issue with the army’s"......

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09 Aug 2014

Egyptian Exchange Gains Egp 3.2 Billion

The Egyptian Stock Exchange (EGX) continued its upward trend at the end of trading on Thursday 07/08/2014, backed by intensive purchases by institutions and local and foreign investment funds.


The"...

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09 Aug 2014

Egypt: Mamish - Fisheries At Length of 120 Km, Plants for Electronics and Glass in Suez Canal Development Project

Chairman of the Suez Canal Authority Mohab Mamish termed the Suez Canal project as the "Egyptian Great Dream," given the promising economic opportunities which it entails.


In press statements, Mamish said that coinciding with the works of digging the new canal, the winning consortium for working out the project's"......

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09 Aug 2014

Egypt Internet users reach 44.5 million in May

The number of Internet users in Egypt reached 44.5 million in June 2014, up 33.82 percent from a year ago, the latest data from the Ministry of Communications and Information Technology indicated on Thursday. Monthly Internet users increased 5.2 percent in May 2014, bringing the total percentange of Internet users in Egypt to 52.35 percent of the population....

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09 Aug 2014

Egypt to build LE80 billion Airport City

Egypt's aviation authorities are planning a LE80 billion airport city around Cairo International Airport that would serve as an investment zone, with LE422 billion in proceeds expected until 2040 according to feasibility studies. In a press conference on Thursday, Mahmoud Essmat, CEO of the Egyptian"...

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09 Aug 2014

Ethiopia done with 35.8 percent of construction at controversial dam

Ethiopia said Friday it had completed 35.8 percent of construction at its Renaissance Dam. The announcement comes just weeks before Ethiopia is set to resume negotiations in Sudan with Egypt, which opposes the project. Egypt"...

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09 Aug 2014

Gaza war takes its toll on business and jobs

Palestinian businessman Hatem Shammaly paid $2 million a year ago for a tile factory near Gaza City. Now the once profitable business is buried under rubble after Israel bombed it.


"...

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09 Aug 2014

Egypt's foreign minister donates part of salary to El-Sisi's fund

Egypt's foreign ministry says it is leading efforts to urge employees to contribute to the 'Long Live Egypt' fund in support of the country's economy.

Egypt's Foreign Minister Sameh Shoukri has donated half a month's salary to the Long Live Egypt fund, established by President Abdel-Fattah El-Sisi to aid the country's ailing economy. Shoukri's donation...

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09 Aug 2014

Barclays Contributes EGP3mn to Develop Slum Areas in Egypt

Barclays Egypt will contribute 3 million Egyptian pounds to combat the slums phenomena in Egypt under the initiative of Federation of Egyptian Banks (FEB), finance director Mohamed Sherif told Amwal Al"...

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08 Aug 2014

IBC2014 Premiere for High Frame Rate 8k Television from NHK

Latest advances in 8K (Super Hi-Vision), including 120 frames a second, to be unveiled at IBC2014.


In what is sure to be an incredibly popular demonstration at IBC2014, Japanese public broadcaster NHK is once more demonstrating its 8k Super Hi-Vision television system, including the latest enhancements such as high"......

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