FINANCE & ECONOMY

25 Apr 2017

China, Egypt eye Belt and Road cooperation

China and Egypt on Monday voiced their willingness to enhance cooperation under the framework of the Road and Belt Initiative.

The latest development came as Chinese Foreign Minister Wang Yi met with his Egyptian"...

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25 Apr 2017

Promoting U.S.-Egypt Collaboration in Science and Technology

Meeting in Cairo April 23-24, the Board of Directors of the U.S.-Egypt Science and Technology Joint Fund continued a long tradition of U.S.-Egypt cooperation on high-impact research between Egyptian and American scientists by approving 15 joint projects in the fields of agriculture, energy,"...

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25 Apr 2017

Egypt is a strategic market for Italian apples

An increasingly important market. In just 5 years Italy has seen its apple exports in Egypt, go from a very small share to 16% of its total production.

Egypt is now the second market for Italian apples, after the German market (36%). In a few years the value of Italian exports"...

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25 Apr 2017

Climate change predicted to increase Nile flow variability

The unpredictable annual flow of the Nile River is legendary, as evidenced by the story of Joseph and the Pharaoh, whose dream foretold seven years of abundance followed by seven years of famine in a land whose agriculture was, and still is, utterly dependent on that flow. Now, researchers"...

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24 Apr 2017

The First Group Capitalises on Dubai’s Mid-Market Hotel Boom with Portfolio Expansion

The First Group will open four new upscale hotels in Dubai by 2020 as the city’s visitor profile diversifies, driving demand for affordable luxury accommodation. As new family attractions open their doors, appealing to a broader market, and in preparation for Expo 2020 Dubai, which is expected to draw 25 million visitors, the Dubai-based property development firm has earmarked plots for properties in four strategic locations across the city: Dubai Marina, Business Bay, Jumeirah Village Triangle (JVT) and Jumeirah Village Circle (JVC).......

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24 Apr 2017

Talaat Mostafa buys land for $243.8mln at Egypt's new capital site

Egypt's largest listed real estate developer Talaat Mostafa has bought a 500-feddan (acre) plot in Egypt's new administrative capital for 4.4 billion Egyptian pounds ($243.77 million), the company"...

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24 Apr 2017

Phoenix Contact Started 2017 Dynamically: Growth in All Areas

Phoenix Contact could generate a sales growth of 3.2 percent. Compared to the industry surely not bad. However, our planned target of six percent could not be achieved also due to exchange rate effects,” CEO Chairman of the Executive Board,"...

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24 Apr 2017

Egypt to impose 100% tariff on fish exports: source

Tariffs due to be imposed on Egypt's fish exports will range between EGP50,000 to 150,000 per tonne, constituting a 100% of one tonne value of fish exported abroad, a source at Ministry of Agriculture's General Authority for Fish Resources Development told Al-Mal newspaper....

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24 Apr 2017

Egypt, Saudi Arabia to decide on electricity interconnection tenders next month

Egypt and Saudi Arabia are set to finalise tenders for transformers and lines for the interconnection electricity project between the two countries next month.

Chairperson of the Egyptian Electricity Transmission"...

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24 Apr 2017

Sakr Group targets EGP 20m of exports to Africa

Sakr Group for Food Industries targets increasing exports to African countries to EGP 20m in 2017 through expanding to new markets.

Ahmed Sakr, chairperson of the company, said that they plan to expand in the"...

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