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27 Jul 2014

Ministry of Interior Intensifies its Efforts to Promote Traffic Safety during the Eid Holiday

Traffic Coordination Department at the Ministry of Interior (MoI) announced that Traffic and Patrol Directorates in the UAE will intensify their efforts during the Eid Al Fitr holiday to promote traffic safety. They will also deploy traffic patrols on various internal and external roads"...

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26 Jul 2014

Egypt: World Bank -U.S. $500 Million Loan to Connect 1.5 Million Households in Egypt to Natural Gas

The World Bank's Board of Directors Friday approved a loan of US$500 million for a project aimed to expand natural gas access to 1.5 million Egyptian households in eleven governorates, including three governorates (Sohag, Qena and Aswan) located in Upper Egypt, where poverty levels are the"...

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26 Jul 2014

World Bank project to cut Egypt's energy subsidies by $301.5 million

The Household Natural Gas Connection Project is designed to reduce energy costs for households and lower the government's subsidy bill.

Egypt's government looks set to save $301.5 million annually in subsidies by connecting 1.5 million households to the natural gas grid.

The"...

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26 Jul 2014

Egypt medical aid convoy reaches Rafah crossing

Convoy member Khaled Ali says aid is waiting to be collected by the Palestinian Red Crescent at the Rafah crossing to An Egyptian aid convoy bound for Gaza has reached the Rafah border crossing, with plans to deliver medicine to the besieged Palestinian enclave, members of the convoy told Ahram Online.

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26 Jul 2014

Ambassador: Egypt hails Silk Road proposal, expects concrete projects

Last year, Chinese President Xi Jinping made the proposal of building the "Silk Road Economic Belt" and the "21st Century Maritime Silk Road" (also known as "One Belt and One Road"). As a very important country along the ancient Silk Road, how can Egypt benefit from this initiative and"...

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26 Jul 2014

Circle Oil story starts to take shape as Egypt stabilises

The return to a more stable political footing for Egypt is expected to coincide with an upturn in foreign investment.


For those already in the country, among them Circle"......

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26 Jul 2014

Egypt to continue expanding household connections to natural gas grid

Ahmed is an elderly man with weather-beaten skin who spends long hours on an old bicycle selling gas cylinders from door-to-door in Cairo, alerting customers to his wares by tapping the cylinders with a piece of metal. With the official price of a gas cylinder is 8 Egyptian pounds, Ahmed"...

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26 Jul 2014

Egypt Needs a New Social Protection System

In his speech this week commemorating the July 23rd 1952 revolution President El-Sisi stated: “all my appreciation, gratitude and respect for Egyptians’ reaction to the cut in energy subsidies and the reduction in the budget deficit. It is a harsh policy measure but a necessary"...

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26 Jul 2014

Egypt Government Mulls Securing EGP18bn for Metro Line 3's Phase IV

Egypt's government is studying to contribute EGP 18 billion to implement the fourth phase of Cairo Metro Third Line project.


According to the Chairman of National Authority for Tunnels (NAT) Ismail El-Nagdy, the Egyptian government will issue its final decision to finance the fourth phase by end of next August.

......

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26 Jul 2014

Russia, Jordan Back Egypt Ceasefire Initiative - Foreign Ministry

Russian Foreign Minister Sergei Lavrov and his Jordanian counterpart Nasser Jude in a phone conversation Thursday voiced their support for Egypt’s initiative on reaching a deal on ceasefire in the Gaza Strip, the Russian Foreign Ministry has said.


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