FINANCE & ECONOMY

23 Aug 2014

Egypt, Sudan, Ethiopia to resume tripartite negotiations Monday

Water ministers of Egypt, Ethiopia and Sudan will resume next Monday three-party negotiations on the Ethiopian Renaissance Dam crisis in the Sudanese capital, Khartoum. President Abdel Fattah al-Sisi and Ethiopian Prime Minister Haile Mariam Dessalines agreed on the sidelines of the African Union summit in Malabo, capital of Equatorial Guinea, to resume negotiations...

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23 Aug 2014

Agriculture Ministry to provide meat at LE50 per kilo in Eid al-Adha


The Ministry of Agriculture and Land Reclamation announced its plans to provide large quantities of meat at various municipal distribution outlets at an affordable price before Eid al-Adha. Head of the production sector at the Ministry of Agriculture Abdel Karim Zeyada said in a statement Friday that the price of meat at the ministry-affiliated outlets...

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23 Aug 2014

Egypt is Ebola free, but not far from the outbreak

A few days ago, the World Health Organization (WHO) declared that Ebola viral disease outbreak is moving too fast to be adequately controlled with a death toll of 1,013 people and 1,848 infected across West African nations. The figures seem startling as the virus has spread widely in a very short period of time in Africa, not too far from Egypt. The Egyptian...

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23 Aug 2014

Iran to send aid to Gaza via Egypt

Iran plans to send aid to the Gaza Strip after Egypt said it would allow the shipment to enter the Palestinian territory, an Iranian diplomatic source said on Friday.


The official IRNA news agency said Cairo had agreed to transfer humanitarian aid bound for the coastal enclave, citing a foreign ministry source"......

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23 Aug 2014

Egypt: Summer of Discontent as Blackouts Frustrate Public

Egypt's energy crisis has reached a new low as some parts of the country struggles to cope with as many as six power blackouts per day.


With electricity consumption reaching record highs, the country's existing infrastructure is unable"......

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23 Aug 2014

Capacity building in Egypt

Following industrial actions in the workplace, the last few years have seen an increase in the number of independent unions in Egypt.


During the first half of August, IndustriALL Global Union organized four capacity building seminars for industrial unions in Egypt. The 80 representatives from affiliates and"......

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23 Aug 2014

DEKA natural gas flow starts offshore Egypt

Production has begun from the Denise-Karawan (DEKA) natural gas development offshore the Nile Delta in Egypt.


Eni SPA, which owns operator IEOC Production BV, said the Denise South 6 subsea development well produced 1.8 million cu m/day of gas and about 800 b/d of condensate.


The"......

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23 Aug 2014

Dole Honored for Work in Social Accountability

Dole Food Company’s DALE Foundation, the organization responsible for corporate responsibility projects for the DOLE group of companies in Ecuador and Peru, was recognized by the Municipality of Guayaquil, Ecuador for the Company’s activities in support of education.


...

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23 Aug 2014

Murata to Acquire Peregrine Semiconductor for $12.50 Per Share in Cash

Murata Electronics North America, Inc., a wholly owned subsidiary of Murata Manufacturing Co., Ltd. (TSE/OSE: 6981), and Peregrine Semiconductor Corporation (Peregrine) (NASDAQ: PSMI) today announced that they have entered into a definitive agreement under which Murata will acquire all outstanding"...

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21 Aug 2014

Ministry announces issuance of LE 14.2 bln for insurance indebtedness settlement


The finance ministry has issued two new bonds for public and private social insurance funds at a tax-exempt interest rate of 9% at a total value of LE 14.2 billion, Minister Hany Kadry Dimian announced in"...

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