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23 Aug 2016

Road accidents cost an estimated LE30.2bln in 2015: CAPMAS

The estimated value of the minimum economic cost of road accidents in Egypt in 2015 reached EGP 30.2bn, according to the Central Agency for Public Mobilisation and Statistics (CAPMAS).

In"...

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23 Aug 2016

112% increase in Egyptian exports to UAE: Minister of Trade & Industry

Egyptian exports to the United Arab Emirates registered $1.125bn in the first half of 2016, compared to $530m during the same period of 2015, an increase of 112%, according to Minister of Trade and Industry Tarek Kabil.

Kabil"...

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23 Aug 2016

TMG to invest EGP 2.5bn in Madinaty, Rehab, Four Seasons in second half of 2016: executive vice president

Talaat Moustafa Group Holding Company (TMG) aims to invest EGP 2.5bn across its current projects in the second half of 2016, including Madinaty, Rehab, and a Sharm El-Sheikh hotel extension. In an interview with Daily News Egypt, executive vice president and chief financial officer of TMG,"...

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23 Aug 2016

Parliament pre-approves proposed import records law

Parliament’s Economic Committee pre-approved on Monday the proposed import records law.

The Ministry of Trade and Industry, in collaboration with the Federation of Egyptian Chambers of Commerce (FEDCOC), had prepared the law and sent it to the cabinet for approval. In March, the cabinet"...

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23 Aug 2016

Gas re-pumped to MOPCO, AlexFert after maintenance

The Egyptian Holding Gas Company (EGAS) has re-pumped 90m cubic feet of gas on a daily basis to Misr Fertilisers Production Company’s (MOPCO) old factory and Alexandria Fertilisers factory. Gas pumping went back to normal following the completion of regular maintenance work and the provision the electricity plants’ requirements for electricity. Continue Reading

23 Aug 2016

Egypt's Foreign Ministry says minister's comments were 'twisted'

Egypt’s Foreign Ministry on Monday evening said the media had twisted comments by Foreign Minister Sameh Shoukry into implying that the killing of Palestinian Arab children did not constitute terror.

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23 Aug 2016

Cyprus-Egypt energy deal a possible PR stunt

Cyprus’ sovereign rights, including the right to commercially exploit its natural resources, cannot be sidelined because reunification talks are ongoing, the government said on Monday.

“The longstanding"...

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23 Aug 2016

Egypt's Sisi says Putin willing to host Palestinian-Israeli peace talks

CAIRO, Aug. 22 (Xinhua) -- Egyptian president Abdel-Fattah al-Sisi said that his Russian counterpart Vladimir Putin is willing to host ......

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23 Aug 2016

Egypt wheat commission submits corruption report amid calls for minister to resign

CAIRO, Aug 22 (Reuters) - A fact-finding commission investigating corruption in Egypt's domestic wheat supplies has delivered its final report to parliament, a lawmaker said on Monday, amid mounting pressure on the minister of supplies to resign.

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23 Aug 2016

Egypt completes 31 water, sanitation projects in FY 2015/16

A total of 31 drinking water and sanitation projects have been completed in Greater Cairo and Alexandria for 2015/2016 fiscal year, according to the Egyptian Minister of Housing Mustafa Madbouli.

The projects were"...

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