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13 Sep 2016

Egypt inflation driven to highest in at least 7 years

Egypt’s annual inflation rate accelerated to 15.5 percent in August, driven to its highest level in at least seven years by the weakening of the currency and an increase in electricity prices.

Consumer prices"...

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13 Sep 2016

Dubai's MAF says Mall of Egypt project to open in March 2017

Dubai-based mall operator Majid Al Futtaim has announced that it is moving ahead with the final phases of its Mall of Egypt project, with the opening planned for March 2, 2017.

Mall of Egypt represents an investment"...

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12 Sep 2016

Orange Egypt appoints Jean-Marc Harion as CEO

Orange Egypt recently announced the appointment of Jean-Marc Harion as CEO. With over 25 years of experience within the telecommunications sector, Harion previously served as CEO of Orange Belgium, as well as CEO of Orange Dominica.

"...

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12 Sep 2016

Reviving Indo-Egypt ties

Egyptian President Abdel Fattah El-Sisi’s recent India trip has provided an excellent opportunity to expand bilateral cooperation at a much wider scale, covering a range of regional and international issues.
Second in a year, the delegation included top ministers and business leaders. Indeed, as Sisi wrote in an article immediately prior to his historic...

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12 Sep 2016

Egypt eyes further Chinese investments, says minister

CAIRO: Egypt seeks further Chinese investments in its ongoing national development projects, while considering China as one of the most important strategic partners, said Egyptian investment minister.

The minister Dalia Khorshid said in an interview with Xinhua that Egypt expects more Chinese investments particularly in the fields of energy, transport...

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12 Sep 2016

When baby milk disappears, Egypt turns to the military

Stores were running low of baby milk and suppliers had hiked prices. So the Egyptian government called in the army.
Trying to placate a population frustrated over the state of the country’s finances and rampant inflation, the military said it would import millions of tins of formula this month to sell for half the retail cost. The nation is used to...

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12 Sep 2016

Egypt to sign €500 mln agreement with EIB in October for SMEs: Ministry

Egypt will sign a 500 million euro agreement to support small and medium enterprises (SMEs) with the European Investment Bank (EIB) among a number of financing agreements in the second half of October, the Ministry of International Cooperation announced Sunday on its website.

The statement"...

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12 Sep 2016

Rights defenders criticize Egypt's new Cabinet-approved NGO law

The government approved Egypt’s new draft NGO law on Thursday, sending it to the State Council and then Parliament for review.

The bill has been met with staunch criticism from civil society organizations and"...

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12 Sep 2016

Egypt expects to sign agreements with European Investment Bank worth EUR575m

CAIRO, Sept 11 (Aswat Masriya) - Egypt is expecting to sign agreements with the European Investment Bank worth EUR575 million in the second half of October, Ministry of International Cooperation said on Sunday.

The"...

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12 Sep 2016

Cyprus-Greece 'value security' says Egypt's FM Sameh Shoukry

Egypt’s Foreign Affairs Minister, Sameh Shoukry, told Independent Balkan News Agency on Sunday that the tripartite with Greece and Cyprus shows that the two countries “value security and understand the potential dangers for instability in Egypt.” Shoukry was speaking after Cyprus and Egypt signed a landmark deal to transport natural gas from...

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