FINANCE & ECONOMY

26 Jul 2014

Egypt Needs a New Social Protection System

In his speech this week commemorating the July 23rd 1952 revolution President El-Sisi stated: “all my appreciation, gratitude and respect for Egyptians’ reaction to the cut in energy subsidies and the reduction in the budget deficit. It is a harsh policy measure but a necessary"...

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26 Jul 2014

Egypt Government Mulls Securing EGP18bn for Metro Line 3's Phase IV

Egypt's government is studying to contribute EGP 18 billion to implement the fourth phase of Cairo Metro Third Line project.


According to the Chairman of National Authority for Tunnels (NAT) Ismail El-Nagdy, the Egyptian government will issue its final decision to finance the fourth phase by end of next August.

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26 Jul 2014

Understanding ‘the other:’ My travels from Egypt to Ethiopia

Egypt and Ethiopia issued a joint statement a few weeks ago, confirming their mutual commitment to the principles of cooperation, mutual respect and good neighborly relations as well as to the principles of respecting international law and achieving common interests.


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26 Jul 2014

21st Century Fox Agrees to Combine European Satellite Television Holdings; New Sky will be Europe’s Leading Pay-Television Business

Company Will Continue Share Repurchases in FY 2015 Under New Authorization

21st Century Fox (NASDAQ:FOXA, FOX) today announced that it will transfer Sky Italia and its 57.4 percent interest in Sky Deutschland to BSkyB"...

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25 Jul 2014

WTAS Global Establishes Presence in Italy

WTAS Global is establishing a presence in Milan and Brescia, Italy, through the addition of Studio Associato De Vecchi. Founded in 1925, Studio De Vecchi is a third generation firm and recognized leader in providing tax, legal, accounting and financial advisory services to domestic and multinational"...

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25 Jul 2014

P&G Launches Work with Small Farmers to Ensure No Deforestation in Its Palm Oil Supply Chain

Separating sustainable sources from non-sustainable sources in the production of palm oil and palm kernel oil is highly complicated, but Procter & Gamble (NYSE:PG) is stepping up to address the problem. The Company is conducting an in-field study to understand the practices of small"...

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24 Jul 2014

Up Close and Personal: 3D Printing Brings Ancient Egypt to Life

Years ago, I visited Berlin and had the privilege of seeing first-hand the bust of Nefertiti, the crown jewel in the collection of the city’s fantastic Egyptian Museum. Being in the same room as such an iconic and recognizable artifact, I was first taken aback by how small and delicate"...

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24 Jul 2014

Egypt Strengthening: Tourism Recovery Is Next?

The Egyptian economy has rebounded at the start of 2014, so has its equities. The Market Vectors Egypt Index ETF (EGPT) advanced 28.2% this year, outpacing the iShares MSCI Frontier 100 ETF (FM)’s 16.9%.


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24 Jul 2014

Egypt Likely to Pay Higher Price for Algerian LNG

Egypt will most likely pay a high price for the Algerian LNG it plans to import to meet domestic demand, reports Wall Street Journal quoting industry officials.


Media reports in June said Algeria has agreed to deliver to Egypt"......

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24 Jul 2014

Delay in imports of gas for electricity threatens the industrial sector in Egypt


Egyptian Natural Gas Holding Company (EGAS) has stopped pumping gas to Misr Fertilizers Production Company (MOPCO), Egyptian Fertilizer Company (EFC), and Egyptian Basic Industries Corporation (EBIC) factories"...

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