FINANCE & ECONOMY

25 Jun 2016

No Swedes on board missing EgyptAir flight

Officials from several countries are searching for an Egyptian passenger plane that went missing over the Mediterranean early Thursday. The Swedish Foreign Ministry said it has no information on whether Swedes were on board.


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25 Jun 2016

Journalism regulation law to pass through legislative branch of Egypt’s state council

The head of the technical office of the legislative department of the State Council, Ahmed, Qutb, said on Saturday that they have received the draft law regulating journalism and media.


Qutb"...

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25 Jun 2016

Egypt's Daqahliya Security Directorate HQ reopens after two-year reconstruction

Egypt's Daqahliya Security Directorate headquarters reopened Saturday following more than two years of reconstruction after the building was hit with deadly bombings in late 2013.

The directorate’s operations were temporarily run out of the state-owned Talkha fertiliser company"...

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25 Jun 2016

US House lifts rights requirements on aid to Egypt in draft budget

The draft budget released June 22 by the United States House of Representatives calls for US$1.45 billion in military economic aid to Egypt, with no restrictions based on human rights or democratization.

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25 Jun 2016

French AXA Insurance pumps $6.8 million into CIL Egypt’s capital

French insurance group AXA has completed pumping 60 million Egyptian pounds ($6.8 million) into its recently-acquired Commercial International Life Insurance Company (CIL)’s capital, said chief executive of AXA Egypt.


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25 Jun 2016

Egypt stock market lost 2.2% in rate-hike and Brexit vote week

Weighed by the central bank’s latest rise in key interest rates and ahead of United Kingdom’s vote to leave the European Union, Egypt’s main index EGX30 plunged 2.2 percent in a week to 7253.31 points.


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25 Jun 2016

Egypt' Maxim Group launches $736mn Bo Sands Sidi Abdel Rahman

Egypt leading real estate company, Maxim Investments Group launched a new project in the heart of “ Bo Sidi Abdel Rahman” located at the North Coast with total investments worth 6.5 Billion Egyptian Pounds (US$ 736 million).


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25 Jun 2016

Interview: Xi's G20 invitation to Sisi reflects strong China-Egypt ties: Egyptian official

Chinese President Xi Jinping's invitation to his Egyptian counterpart, Abdel-Fattah al-Sisi, to attend the Group of 20 (G20) summit to be held in China in September reflects the uniqueness of the China-Egypt relationship, an Egyptian official has said.


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25 Jun 2016

Giza official arrested for embezzling LE4.5 M from wheat harvest

Giza security services arrested Saturday an official responsible for a government wheat silo in 6th of October City on suspicion of illegally manipulating the government wheat storage system for financial gain.


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25 Jun 2016

EgyptAir recorders to go to France for repairs

Initial attempts to download information from the flight data and voice recorders of an EgyptAir plane that crashed into the Mediterranean last month have failed, and key parts of the recorders are being sent to France for repairs, according to Egyptian and US officials.

The “electronic boards” of the recorders are being flown next week to...

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