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16 May 2016

Egyptian Billionaire Naguib Sawiris Sells His Television Channel

Egyptian telecom billionaire Naguib Sawiris has reportedly sold off ONTV, a local news television channel he owned, to Ahmed Abu Hashima, a successful Egyptian businessman.


Hashima, 40, who is the chairman of Egyptian"......

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16 May 2016

Sisi invited to attend 2016 Arab Summit in Mauritania

President Abdel Fatah al-Sisi received Sunday an invitation to attend the 2016 Arab Summit that is scheduled to convene in Mauritania, the Egyptian Presidential Spokesperson Alaa Youssef announced in a statement.


"...

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16 May 2016

Cairo's metro lowers speed for safety during heat wave

Speed for the first line will be lowered to 50 kilometres an hour, while speeds for the second line will be lowered to 60 kilometres an hour.

The greater Cairo metro system will lower its speeds on Sunday as the city is registering"...

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15 May 2016

AccorHotels’ presence in Egypt aided expansion across the region: Middle East COO -

During his stay in Egypt, Daily News Egypt had the opportunity to sit down with Olivier Granet, who was appointed managing director and COO of AccorHotels Middle East in January.

Granet oversees the overall operations of AccorHotels’ diverse portfolio of internationally renowned luxury,"...

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15 May 2016

Experts discuss importance of international law for Egypt’s national security

The Egyptian Association for International Law and Legislation tackled in its annual conference on Saturday challenges facing national security when taken into consideration with current issues in international law.

The"...

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15 May 2016

High demand for high-quality commercial real estate in Egypt

CBRE posted the largest revenue among international commercial real estate services and investment firms in 2014. The company has been classified as a S&P 500 by Standard and Poor’s financial services company. The company serves real estate owners, investors, and occupants at approximately 400 offices worldwide.

CBRE"...

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15 May 2016

Eni embrace green energy quest in Egypt, Italy and Pakistan

Italian oil major Eni, which has historically invested little in renewable energy given its success in discovering oil and gas, plans renewable energy projects in Italy, Pakistan and Egypt.

As part of a push into green energy, Eni aims to bring 420 megawatts of mostly solar power generation"...

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15 May 2016

Banque Du Caire says to inject $169 mln in SME projects this year

Egypt’s third biggest public lender Banque du Caire plans to inject 1.5 billion Egyptian pounds ($169 million) into small and medium-sized businesses, deputy head of credit division said Saturday.

The money"...

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15 May 2016

NBE-Dubai in talks to revive investments in Egypt bourse

The National Bank of Egypt’s (NBE) representative office in Dubai is in talks with some international institutions in a bid to allure new investors to the Egyptian bourse, its chairman announced Thursday.

Hisham"...

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15 May 2016

Egypt to import 80K tons of rice to meet local market demand during Ramadan

CAIRO: The Egyptian government announced in a statement Friday it will “soon” import a total of 80,000 tons of rice to meet an expected rising market demand during the holy month of Ramadan, the ninth month of the Islamic calendar when Muslims fast.

The"...

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