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22 Aug 2016

Egypt: Sisi Approves Amended Law Jailing Black Market Foreign Currency Traders

Cairo — Egypt's President Abdel Fattah al-Sisi approved on Sunday the amendments of a central bank law that imposes harsher punishments on illegal foreign currency traders, amid wider efforts to crackdown on the black market.

The"...

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22 Aug 2016

Egypt to receive $451 million from Japan to build GEM - cabinet

CAIRO, Aug 21 (Aswat Masriya) - Egypt will receive a concessional loan worth $451 million from Japan to resume the Grand Egyptian Museum project, said the cabinet on Sunday.

The Grand Egyptian museum will include"...

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22 Aug 2016

Egypt’s supply minister accused of billing state for 2-year hotel stay amid wheat scandal

During the airing of his talk show "Haqa'eq wa Asrar" (Truths and Secrets) on Sada al-Balad satellite channel on Friday, member of parliament and journalist Mostafa Bakry accused Supply Minister Khaled Hanafy of misusing"...

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22 Aug 2016

Turkey Wants to Repair Ties With Egypt: PM

Istanbul (AFP) – Turkey wants to repair its ties with Egypt, after relations soured over the ouster of Islamist president Mohamed Morsi in 2013, Prime Minister Binali Yildirim (pictured) said on Saturday.

Relations between Ankara and Cairo took a nosedive after the Egyptian military"...

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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

Jewelry maker L'azurde sales in Egypt hit $383mln in 2015

The sales volume of largest jewelry designer, manufacturer, and distributor in the Middle East L'azurde in Egypt reached 3.4 billion Egyptian pounds (US$382.9 million) in 2015.

Speaking to Amwal Al Ghad Tuesday, L'azurde"...

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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

Banks in Egypt to finish ranking SMEs, microenterprises by end of August

Banks operating in the Egyptian market will finish classifying the small- and medium-sized enterprises (SME) and microenterprises they are financing by the end of August in accordance with the unified definition the Central Bank of Egypt (CBE) set for these enterprises, according to executive chairperson for the Egyptian Credit Bureau I-Score, Mohamed Kafafi....

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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"......

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