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13 Nov 2014

Arabtec hopes to begin construction of 1mn homes in Egypt this year

Dubai firm plans to begin construction of one million homes in Egypt by the end of 2014.

Dubai's largest listed construction firm, Arabtec, hopes to begin the construction of one million housing units in Egypt before the end of the year.

Arabtec has conducted "intensive negotiations"...

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13 Nov 2014

PM: Egypt desires to solve investment disputes before economic summit in March

Egyptian Prime Minister Ibrahim Mehleb emphasized the government's desire to solve investment related disputes quickly before the Egyptian Economic Forum due to be held in March 2015, according to a statement published on the Danish Embassy in Egypt official website.


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13 Nov 2014

Tunnel authority receives EGP 9bn for metro line expansion

Chairman of the National Authority for Tunnels (NAT) Ismail El Nagdy told Daily News Egypt that the Ministry of Finance has transferred EGP 9bn from the state treasury to implement the final phase of the “airport metro” project.


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13 Nov 2014

Wheat stock sufficient until March: Supply minister

Minister of Supply and Internal Trade Khaled Hanafy told Reuters that Egypt’s stocks of wheat for the subsidised bread programme will last until the end of March.


Hanafy added that the country bought 235,000 tonnes of French and Ukrainian wheat last Wednesday to be shipped to the country between 11 and 20"......

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13 Nov 2014

Non-payment court cases total EGP 128.7m: CAPMAS

The value of “protesto” court cases reached EGP 128.7m, according to an annual bulletin released by CAPMAS on Wednesday.


A “protesto” is a case that contests the non-payment of any kind of bills on time, whether between individuals, companies or banks.


"......

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13 Nov 2014

Al-Sisi approves €99m in loans, grants from EU and EIB

President Abdel Fattah Al-Sisi issued a presidential decree Wednesday approving a financial loan agreement between the Egyptian government, the European Investment Bank (EIB) and the European Union (EU).


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13 Nov 2014

Egypt wheat stocks to last until end of March -minister

Egypt's stock of wheat for its subsidised bread programme will last until the end of March, just before the local harvest begins, Supplies Minister Khaled Hanafi told Reuters.


The"......

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13 Nov 2014

KLab Signs Licensing Agreement with Fox Digital Entertainment to Develop Glee Mobile Game

KLab Inc., a leader in mobile online games based in Japan, today announced their licensing agreement with Fox Digital Entertainment to develop a mobile game based on the FOX television series Glee. KLab will produce a free-to-play rhythm game featuring characters and songs from the musical"...

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13 Nov 2014

MEEZA Unveils Middle East’s First LEED Platinum and Tier III Certified Data Centre

MEEZA the leading IT services and solutions provider in Qatar, announced that its latest and biggest data centre to date. M-VAULT 2, with a total building area of 10,000 m2 is now fully operational and offering access to MEEZA’s full"...

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13 Nov 2014

3 Individuals Swindle Restaurants using Counterfeit Money

The Al Ain Police arrested a three-member gang who used counterfeit Dh1000 notes to pay for food they order from restaurants in the city, in order to get real money back as change from delivery guys. The police referred the three suspects (a woman and two men) to the concerned authorities"...

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