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06 Jan 2017

Egypt's developer Inertia executes Veranda Resort on 130K m2: official

Egypt’s developer property Inertia Holding Group (IHG) is implementing Veranda Sahl Hasheesh Resort on a space of 130,000 square metres, CEO Ahmed El Adawy announced Wednesday.

"......

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06 Jan 2017

Egypt’s foreign debt reaches $60bn

Egypt’s external debt has increased by 7.8 per cent, reaching approximately $60 billion by the end of the first quarter of the current financial year 2016/17, official sources at the Central Bank of Egypt revealed yesterday.

During"...

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06 Jan 2017

Hayatou under scrutiny in Egypt over Lagardère media rights deal

Veteran African football chief Issa Hayatou, who briefly ran FIFA after Sepp Blatter was forced out of office but who is no stranger himself to controversy, is back in the firing line for allegedly abusing his position.

Hayatou,"...

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06 Jan 2017

Return of Russian Tourism 'Will Give Strong Impetus' to Egypt's Economy

Russian tourists returning to Egypt after a year's pause will provide a significant boost to the country's economy, expert Mahmud Abdel Jawad told Sputnik Arabic.

In an interview with Sputnik Arabic, Egyptian expert Mahmud Abdel Jawad said Russians once played a vital role in the Egyptian tourist economy and are sorely missed.

Moscow suspended...

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06 Jan 2017

First ride-hailing app for Cairo's traditional taxis launched

The app is downloaded on cellphones and connects customers with traditional taxi drivers.

"Taxi Plus is a shareholding company, and all its employees are Egyptians," said Hesham El-Sayed, the CEO of Taxi Plus.

"The"...

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06 Jan 2017

Zayed Giving mobile hospital to deliver healthcare services to Egyptian children, elderly people

Egyptian children and the elderly will be provided with free medical care by the Zayed Giving Initiative humanitarian mission in Africa.

The initiative announced that it would send humanitarian convoys to African"...

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06 Jan 2017

Dabbour confers with Egyptian Ambassador over Palestinian situation

Ambassador of the State of Palestine, Ashraf Dabbour, met on Friday with Egyptian Ambassador Nazih el-Najari, at the Embassy headquarters, with talks cantering on conditions inside the Palestinian occupied territories.


According to a statement by Dabbour's Media Bureau, it indicated that "discussions touched on the Palestinian situation and the Israeli...

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06 Jan 2017

East Africa: Egyptians Say in Talks With Several RVR Suitors

Egyptian investment firm Qalaa Holdings has confirmed that it is talking to several local and international investors as it seeks to sell its stake in Rift Valley Railways.

The Business Daily on Wednesday reported"...

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06 Jan 2017

Indian lifer in Egypt to serve remainder of his term in India

Egyptian govt has granted permission for S Sarvekaran to be transferred to an Indian jail.

S Sarvekaran, an Indian national who was sentenced to life imprisonment three years ago in Cairo, Egypt, will serve the rest of his term in India. He had applied to the Egyptian government to be shifted back to a jail in India under the repatriation act, and specified...

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06 Jan 2017

Ancient palm wood craft faces extinction in Egypt

Virtually cut off from the world around him, Faraj Darwish is working to finalise a wooden cage, a daily job he has been doing for more than 30 years.

Darwish, 43, is one of a few hundreds of artisans across Egypt"...

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