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10 Jan 2017

Rumours of holding medicines customs clearance unfounded: head of ECA

Magdy Abdel Aziz, head of the Egyptian Customs Authority, confirmed that rumours spread by media and some news websites that airport customs refused the clearance of important hepatic medicines and other medications are unfounded.

Abdel"...

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10 Jan 2017

Automotive industry strategy postponed indefinitely

After its meeting on Monday with representatives of the automotive feeding industries companies, the parliament approved postponing the automotive industry strategy indefinitely.

A senior parliamentary source at the parliament’s Industry Committee said that postponing the negotiations"...

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10 Jan 2017

Egypt to launch new satellite in 2019

Egypt will launch a new Russian-made spacecraft in 2019, Russian News Agency (TASS) reported on Tuesday.

In an interview with TASS on Tuesday, the Chief Executive Officer of Russia’s Rocket and"...

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10 Jan 2017

Egypt’s entrepreneurs

ANALYSIS/OPINION:

Egypt’s core asset and main engine of growth is its youth. Its total population of more than 92 million is characterized by a demographic youth bulge, with a young median age of 23.8 years, compared to 37.9 in United States and 46.8 in Germany.

Tapping"......

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10 Jan 2017

Egypt sets up new fund to revive tourism industry

Egypt has set up a new fund worth 5 billion Egyptian pounds ($267 million) to upgrade hotels, tourist resorts and Nile floating boats across the country as part of efforts to revive its ...

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10 Jan 2017

Dutch parliamentary committee briefed on Egypt developments

House speaker Abdel-Aal told a parliamentary Dutch delegation that Egypt's new NGO law was a necessary step to help dry up sources of funding for terrorist activities. Gamal Essam El-Din reports

A 12-member Dutch parliamentary delegation was informed of Egypt’s internal developments"...

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10 Jan 2017

Delegation will ask Egypt’s president to free hunger striker Ibrahim Halawa

A cross-party delegation of Irish politicians is to personally ask Egyptian president Abdel Fattah el-Sisi to free jailed Irishman Ibrahim Halawa.

The delegation spent an hour and a half with the 21-year-old in Wadi"...

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10 Jan 2017

Secon plans $129m investment in Egypt projects

Saudi Egyptian Construction Company (Secon) has announced plans to pump over E£2 billion ($129 million) into its projects in Egypt this year, said a report.

The company will continue implementing its existing"...

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10 Jan 2017

Egypt, world’s largest wheat buyer, appoints new head of agriculture quarantine

Egypt, the world’s largest wheat buyer, has appointed a new head to its agriculture quarantine agency, the body that last year threw the massive wheat buying programme into disarray when it tightened import regulations on a common wheat fungus.

The new head is Najla Mousa Balabel, the Agriculture Ministry said in a statement on Sunday.

...

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10 Jan 2017

Egypt, Russia agree on bank guarantees and credit packages for Dabaa nuclear power plant

Egypt and Russia have agreed on a number of items included in the Dabaa nuclear power plant contract, including the items on credit packages and bank guarantees.

Government sources told Daily News Egypt that technical"...

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