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13 Jun 2017

Misr Italia, CONSTEC sign contract to construct two administrative buildings at Cairo Business Park

Misr Italia Properties and Construction and Design (CONSTEC) signed a contract to construct two multi-level administrative buildings at Cairo Business Park in New Cairo. The cost of the project comes to a total cost of EGP 55m.

Hany"...

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13 Jun 2017

Egypt donates food, medical aid to South Sudan

Egypt has transported humanitarian aid to South Sudan to reduce the suffering of civilians caught up in the ongoing civil war in the world’s youngest nation on Monday.

The humanitarian aid was shipped to Juba"...

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13 Jun 2017

Egypt's Government Asked Uber to Help Track Passengers

Back in 2014, Uber took a lot of heat when reports emerged that employees regularly used the company's 'God Mode' tracking tool, which shows the live location of every driver and passenger using the app, to spy on everyone from their exes to celebrities. The company defended the tool's existence while admitting to a few improper uses, renamed it 'Heaven,' and paid a small fine, doing its best to pretend it never happened. That routine could be a lot harder to pull off in Egypt, where the government of President......

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13 Jun 2017

Egypt pays modest premium for wheat amid fresh ergot fuss

Egypt appeared to pay a premium, but not an excessive one, for wheat as it extended its timely start to wheat purchases for 2017-18, against a backdrop of concerns over the return of controversial zero tolerance rules over ergot.

Gasc,"...

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13 Jun 2017

Egypt Reduces Oil Debts By Paying off $2.2 Billion to Oil Companies

Egypt succeeded over the last three weeks, in paying off $2.2 billion dollars from oil debts dedicated to international oil companies. The recent payment led to a remarkable decline in Egypt’s"...

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13 Jun 2017

Egypt’s tourism ministry to facilitate visas for Arab Gulf residents and Maghreb citizens

Egypt will facilitate visa and entry procedures to Gulf residents accompanying tourists from the Arab Cooperation Council countries visiting the country, Tourism Minister Yehya Rashid told the press on Monday.

Tourist visas will also be granted at airports and ports to citizens"...

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13 Jun 2017

Egypt receives $125 mln from World Bank for Upper Egypt Development Programme

Egypt received $125 million from the World Bank allocated to support the Upper Egypt Development Programme, Egypt's Minister of Investment and International Cooperation Sahar Nasr said on Monday.

The"...

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13 Jun 2017

Egypt's parliament manpower committee approves 15% increase in pensions

The Egyptian parliament's manpower committee has approved a 15 percent raise in pensions, with a baseline increase of EGP 130 for those on the smallest of pensions, Al-Ahram Arabic website reported.

The"...

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13 Jun 2017

Rasmala plans to increase AUMs in Egypt to 7.5 bln pounds by year-end

Asset management firm, Rasmala Egypt says it plans to increase its assets under management (AUMs) to 7.5 billion Egyptian pounds ($414.4 million) at the end of the current year.

Rasmala AUMs in the North African country"...

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13 Jun 2017

Russia to Deliver Ka-52K Helicopters to Egypt

International Cooperation Department Chief of Russia’s Rostec state hi-tech corporation Viktor Kladov said:

“We have just returned from Egypt. We discussed these issues. The helicopter carriers were initially"...

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