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22 Nov 2016

Ministry keen on upgrading pharmaceuticals industry to meet local needs

Minister of Trade and Industry Tarek Qabil on Sunday 20/11/2016 asserted that his ministry is keen on upgrading the pharmaceuticals industry to meet the needs of local market at affordable prices.

The"...

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22 Nov 2016

Exchange rate liberalisation contributes to attracting foreign investment to real estate sector: Palm Hills

CEO and managing director of Palm Hills Developments Mohamed Sultan said that the Central Bank of Egypt’s decision to raise the exchange rate of the US dollar would positively affect the real estate sector by attracting foreign investment to the sector in the coming period.

Sultan added"...

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22 Nov 2016

Pound’s devaluation attracts price-sensitive tourists to Sharm El-Sheikh, Hurghada: Colliers International report

The occupancy rates at hotels in Hurghada and Sharm El-Sheikh continued to decline during the third quarter (Q3) of 2016, driven by the suspension of flights from Russia and the UK following last year’s Russian aeroplane crash in Sinai.

Despite"...

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22 Nov 2016

Egypt's Orascom Construction Q3 net income rises

Egypt's Orascom Construction said on Tuesday its third-quarter net income to shareholders rose 6.1 percent to $26 million from a year earlier.

However, revenue fell to $962.1 million from $1.15 billion a year earlier, while and earnings before interest,"......

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22 Nov 2016

Egypt’s Advance toward a New Social Contract - Ofir Winter

On November 11, 2016, following protracted negotiations, the International Monetary Fund (IMF) approved a loan of $12 billion to Egypt over three years, to help it undertake an ambitious reform plan that should enable it to overcome years of structural problems that burden its economy. The"...

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22 Nov 2016

Why recent calls for protests failed to materialize in Egypt

Egyptians were anxiously waiting to see if anything would happen on Nov. 11, after widespread calls for protests for this day went public on social media. Under the banner of “Thawret El Ghalaba”"...

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22 Nov 2016

Farstad lands charters offshore Brazil, Egypt

Farstad Shipping ASA has announced several charter contracts.

Petrobras has extended the contract for the multi-purpose supply vessel (MPSV) Far Swift for another year in direct continuation with the present contract until October 2017.

The vessel will continue to deliver air diving and ROV services"......

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22 Nov 2016

Ahram Hebdo economic conference to highlight French investment in Egypt

The conference, held in partnership with the French Chamber of Commerce and Industry and the French embassy in Cairo, will be held from 9am to 5pm at Al-Ahram's headquarters in Downtown Cairo.

Former Egyptian prime minister Ibrahim Mahlab, along with French Ambassador to Cairo André"...

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22 Nov 2016

Egypt: hands off journalists’ union, says IFJ

The IFJ urged the Egyptian government to “keep its hands off” after a court sentenced the head of the Egyptian journalists’ union (EJS) and 2 board members to a 2-year jail sentence.

...

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22 Nov 2016

Egypt delivers 5467 social housing units contracts in Qena

Egypt’s Minister of Hosing Mostafa Madbouly and Qena governor Abdel Hamid El Hagan have delivered Monday 5467 social housing units in New Qena, 8 Km far from the Upper Egyptian city Qena.

Madbouly said that"...

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