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17 Jul 2014

Industrialization and Global Value Chains in Egypt

In early 2008, the IMF described Egypt as “one of the Middle East’s fastest-growing economies”, as the country’s real GDP had accelerated beyond 7% in 2006/07 from 3.2% in 2001/02. This acceleration was due to the economic reforms introduced in 2004 by President Hosni"...

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17 Jul 2014

Egypt needs $120 billion inflow over next 4 years

Western consultants helping Egypt compile an economic reform plan say it needs at least $60 billion of investment to reach average GDP growth of 5 percent by 2018 and the same amount again to bolster its foreign reserves, senior officials said.

The Egyptian officials said the country would seek dollar-denominated investments and loans from local and...

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17 Jul 2014

Mehleb meets Nassef Sawiris to settle tax dispute

Prime Minister Ibrahim Mehleb met with businessman Nassef Sawiris with the ministers of the cabinet’s economic group on Wednesday in order to seek a settlement to the tax dispute between Sawiris and the Tax Authority regarding an estimated EGP 7bn.


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17 Jul 2014

Almasria Universal Airlines considers operating flights to tourist areas at discounted prices: Chairman

Almasria Universal Airlines is considering establishing flight routes from Alexandria to Sharm El-Sheikh and Luxor during the current summer season and the coming winter at EGP 760 per person, according to the company’s chairman Hassan Aziz. He added that Almasria hopes for a presence"...

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17 Jul 2014

BP invests $10bn in Egypt

UK-based oil and gas company British Petroleum (BP) plans to invest $10bn in gas production in Egypt over the next 4 to 5 years, a cabinet statement said Tuesday.


BP said that it will restart a gas project in north Alexandria, halted since 2011 due to instability, and is scheduled to start production in 2017. After"......

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17 Jul 2014

Ethiopia, Sudan, Egypt to Resume Talks Over the Implementation of the IPoE Recommendations

Ambassador Dina Mufti, Ministry for Foreign Affairs Spokesperson said Tuesday that Egypt had officially asked for the resumption of the tripartite talks with Ethiopia and Sudan on the use of the Nile waters.


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17 Jul 2014

21st Century Fox Confirms Proposal to Combine with Time Warner Inc.

21st Century Fox (NASDAQ: FOXA, FOX) today issued the following statement confirming press reports that it made a proposal to combine with Time Warner Inc.:


“21st Century Fox can confirm that we made a formal proposal to Time Warner last month to combine the two companies. The Time Warner Board of Directors"......

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17 Jul 2014

Turkish Airlines Named ‘Best Airline in Europe’ for Fourth Consecutive Year at 2014 Skytrax World Airline Awards

Farnborough International Airshow 2014

Turkish Airlines, which flies to 257 destinations worldwide, in 107 countries, more than any other airline, was recognized at the 2014 Skytrax World Airline Awards, and announced today at the"......

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17 Jul 2014

Comba Telecom Implements Successful Solid Wireless Network Solution in Brazil Stadiums

Comba Telecom Systems Holdings Limited, a leading global wireless solutions provider has successfully supplied two million spectators who attended the Fifa World Cup with access to wireless services provided by mobile"...

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17 Jul 2014

Boehringer Ingelheim’s Investigational Therapy Nintedanib* Receives the First FDA Breakthrough Therapy Designation in IPF

For non-U.S. Media Only

Boehringer Ingelheim today announced that for the first time the U.S. Food & Drug Administration (FDA) has granted Breakthrough Therapy designation for a treatment in idiopathic pulmonary"...

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