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01 Sep 2014

Ready to go with NGO funding in Egypt

For Hazem Saleh, the idea to start an online funding portal for non-governmental organisations (NGOs) grew out of his eight years of experience working in the field. While NGOs run projects in Egypt that strive to improve basic living standards, there is little awareness of these initiatives"...

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01 Sep 2014

UAE oil deal for Egypt amid signs of recovery

The UAE has agreed to supply Egypt with 63 billion Egyptian pounds (Dh31.73bn) worth of oil products over the coming year, a continuation of aid efforts that began last year to support Egypt’s new government as it seeks to rebuild the economy.


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01 Sep 2014

Good planning foundation of success; Egypt lacks prioritization says minister


Planning Minister Ashraf El-Arabi said that good planning is the foundation for the success of any economic plans targeting the achievement of growth rates, supplying job opportunities, and social justice.

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01 Sep 2014

3rd year tourism losses will raise insurance premiums 15%: Former Hotels Chamber head

Hotel and tourist facilities insurance premiums were raised 15% this past year, due to the high risks faced by the tourism sector, said former Chamber of Hotels chairman Wasim Mohieddin.


Mohieddin"...

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01 Sep 2014

Gras Savoye France declares Egypt a regional hub for reinsurance in the Middle East and Europe: Hamid Mabrook, managing director of Gras Savoye Masr

Gras Savoye Reinsurance Brokers recently announced the Arab Insurance Federation Conference, scheduled to be held in Sharm El-Sheikh and attended by a delegation of the group’s representatives in Egypt and France.


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01 Sep 2014

Egypt winner returns from Dubai after successfully completing DSS Apprenticeship Program 2014

The Egypt winner of the coveted DSS Apprenticeship Program 2014, Nouran Mahfouz from the British University in Egypt, has returned home after successfully completing a two-week internship program held in Dubai, where she represented her country alongside 16 other students from across the Middle East and North Africa (MENA) region. The award-winning destination...

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01 Sep 2014

Kellogg Co makes bid approach to Egypt's Bisco Misr - statement

Kellogg Co, the world's top breakfast cereal maker, is interested in acquiring at least a 51 percent stake in Bisco Misr, the Egyptian snack maker, Bisco Misr said in a statement on Sunday.

Bisco Misr is one of the country's main bakers, producing more than 90 types of biscuits and"...

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01 Sep 2014

Egyptian security investigates Sinai beheadings

A security official said Sunday it is unclear whether the recently released beading videos took place in Egypt, adding that security forces are still investigating the issue.


Aswat"...

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01 Sep 2014

UPDATE 1-Egypt revises up July annual inflation to 11.04 pct

Egypt revised up its annual consumer price inflation rate to 11.04 percent for July from an earlier figure of 10.61 percent, the statistics agency said on Monday, after the government cut subsidies on fuel.


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01 Sep 2014

Egypt's Palm Hills Q2 net profit down 8.3%


Egyptian real estate developer Palm Hills (PHDC) posted an 8.3 percent fall in second-quarter net profit, the firm said in a statement on Sunday.

It recorded a net profit of 84.7 million Egyptian pounds($11.85 million) in the three months ended June 30 compared with 92.4 million pounds in the same period last year.

Palm Hills struggled in 2012 after it faced investigations"......

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