FINANCE & ECONOMY

22 Aug 2016

Egypt’s GIG studies entering into inward reinsurance arrangements in Gulf

Egypt’s Arab Misr Insurance Group – GIG is studying inward requests from Gulf insurance brokers for reinsurance support in petroleum sector in the region, its managing director announced Sunday.

“Despite"...

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22 Aug 2016

Egypt to issue 3 tenders in three new cities

Shorouk City Development Agency is set to offer the establishment of a new youth convention center in Shorouk City on a public auction for the companies registered in the Egyptian Federation for Construction and Building Contractors (EFCBC), according the authority chairman Atef Zakria.

"...

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22 Aug 2016

26,000 tonnes of gold assayed in 7 months- Egypt's Assay Administration

Egyptian Assay and Weights Administration (AWD) -affiliated to supply ministry- assayed 26,000 tonnes of gold during the first seven months of 2016, Chairman Mohamed Hanafy stated Sunday.

The official told Amwal Al"...

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22 Aug 2016

Al-Falih Set to Attend Top Global Gathering of Energy Leaders

  • World Energy Congress: 1st global energy event since COP21
  • Soufan Group appointed to assess event security in Istanbul

(ME NewsWire)-- Khalid Al-Falih, Saudi Arabia's Minister of Energy, Industry and Mineral Resources, and Amin Nasser, CEO of Saudi Aramco, will speak at the World Energy Congress to be held in Istanbul on 09-13"......

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21 Aug 2016

DW ends journalist's contract for inciting against political activist

Germany's international broadcaster Deutsche Welle announced on Friday the termination of a contract with an Egyptian freelance journalist after he incited against political activist and lawyer Mahinour al-Masry in a Facebook post.

Deutsche"...

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21 Aug 2016

Egypt Cabinet to review amendments to capital market law in days: minister

Egypt’s Cabinet is set to review the proposed amendments to the Capital Market Law for approval in the coming few days, minister of investment Dalia Khorshed said Saturday.


Minister"...

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21 Aug 2016

Egypt establishes a new road network in North Aswan worth $73mn

Egypt is set to build a new road network connecting east and west Nile in Upper Egypt with total investment worth 650 million Egyptian pounds ($73mn) according to the minister of transport Galal El-Said.


...

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21 Aug 2016

Price increase on govt services will quickly follow VAT law: Finance Ministry

The Egyptian government has said it will announce details of increased prices of certain public services as soon as the parliament ratifies a bill on value-added tax (VAT), deputy Finance Minister for taxation"...

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21 Aug 2016

112,000 acres of 1.5m-acre project to be offered next month: CEO of NECD

Next month, 112,000 acres will be offered from a 1.5m acre project, said the CEO of New Egyptian Countryside Development (NECD) on Thursday during a meeting conducted by Prime Minister Sherif Ismail with the ministers of planning, and water resources and irrigation and representatives of several bodies.

The"...

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21 Aug 2016

232 ships transit Suez Canal carrying 13.7m tonnes in past 5 days

Suez Canal traffic data showed that 232 ships transited the canal, with a total load of 13.7m tonnes, from 14 to 18 August 2016.

An average of 46.4 ships per day transited the canal during that period, with an average load of 2.74m tonnes per day. The average load per ship was about 59,050"...

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