FINANCE & ECONOMY

06 Jan 2017

Hayatou under scrutiny in Egypt over Lagardère media rights deal

Veteran African football chief Issa Hayatou, who briefly ran FIFA after Sepp Blatter was forced out of office but who is no stranger himself to controversy, is back in the firing line for allegedly abusing his position.

Hayatou,"...

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06 Jan 2017

First ride-hailing app for Cairo's traditional taxis launched

The app is downloaded on cellphones and connects customers with traditional taxi drivers.

"Taxi Plus is a shareholding company, and all its employees are Egyptians," said Hesham El-Sayed, the CEO of Taxi Plus.

"The"...

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06 Jan 2017

Dabbour confers with Egyptian Ambassador over Palestinian situation

Ambassador of the State of Palestine, Ashraf Dabbour, met on Friday with Egyptian Ambassador Nazih el-Najari, at the Embassy headquarters, with talks cantering on conditions inside the Palestinian occupied territories.


According to a statement by Dabbour's Media Bureau, it indicated that "discussions touched on the Palestinian situation and the Israeli...

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06 Jan 2017

East Africa: Egyptians Say in Talks With Several RVR Suitors

Egyptian investment firm Qalaa Holdings has confirmed that it is talking to several local and international investors as it seeks to sell its stake in Rift Valley Railways.

The Business Daily on Wednesday reported"...

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06 Jan 2017

Ancient palm wood craft faces extinction in Egypt

Virtually cut off from the world around him, Faraj Darwish is working to finalise a wooden cage, a daily job he has been doing for more than 30 years.

Darwish, 43, is one of a few hundreds of artisans across Egypt"...

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04 Jan 2017

Projects worth $208bn to be awarded across Mena this year

A pipeline of about $208bn of major contracts is scheduled to be awarded across the Middle East and North Africa (Mena) this year, a new report has shown.

A majority of these, 61% are in the GCC region, the latest"...

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04 Jan 2017

Cost of telecommunications services increase during Q3 of 2016

The Ministry of Communications and Information Technology’s report disclosed that prices of telecommunication services increased slightly in the third quarter (Q3) of 2016 compared to the second quarter (Q2) of the same year, rising from"...

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04 Jan 2017

PM Chairs Tahya Misr Board meeting on Nuba, most needy villages projects

Prime Minister Sherif Ismail on Monday 2/1/2017 chaired a meeting by the board of the Long Live Egypt "Tahya Misr Fund" on several projects financed by the fund in various govern orates.

The"...

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04 Jan 2017

PM reviews plans to increase export to reduce trade deficit

Prime Minister Sherif Ismail reviewed on Monday2/1/2017 the government’s plans and programs which aim to increase export and decrease import in order to fix the trade balance deficit.

This"...

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04 Jan 2017

CPA refers Orange, Vodafone to public prosecution for false advertising

The Consumer Protection Agency (CPA) referred the legal representatives of Vodafone and Orange-Egypt to the public prosecution on charges of false advertisement. According CPA’s statement they referred Yves Gauthier, the legal representative of Orange Egypt, despite being out of office since June and appointing John Mark Haryon, and Ahmed Essam, legal...

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