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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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15 May 2016

5k baby chicks die in a poultry farm fire in Egypt’s Sharqia

CAIRO: More than 5,000 chicks died in a blaze at a farm in Egypt’s Delta, while at least two more fires erupted across Egypt Friday leaving no fatalities, according to Youm7.

A fire broke out at a poultry farm"...

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15 May 2016

Israel angry with Egypt for allowing cement into Gaza

Egyptian diplomatic sources have revealed that Israel filed a complaint to the government in Cairo after it allowed cement to enter the Gaza Strip without Israeli consent, Quds Press reported on Friday. The cement entered the besieged territory via the Rafah Crossing. It had been bought by"...

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15 May 2016

EgyptAir pilots strike, flights delayed

CAIRO, May 14 (Aswat Masriya) - EgyptAir pilots' strike has led to the delay of nine international and domestic flights, including a trip to New York, sources at Cairo International airport said on Saturday.

The flights"...

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15 May 2016

Most currencies remain stable; Devaluation behind fall in Egyptian pound

DOHA: Most of the currencies have remained stable during the first four months of this year against Qatari riyal. Euro, Indian rupee, Philippine peso, Pakistani rupee, Sri Lankan rupee and Bangladeshi taka remained stable.

Nepalese rupee declined by around 3 percent during the same"...

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15 May 2016

Egypt becomes second largest economy in Africa: IMF

CAIRO: The latest world economic outlook by the International Monetary Fund (IMF) has revealed Egypt is the second largest economy in Africa. Nigeria has taken the top spot as the largest economy of the continent.

Economists say South Africa’s economy has not grown enough and only shows a future growth prospect of 0.6 per cent. KPMG economist Lullu...

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15 May 2016

Cairo, Qena governors inspect preparatory school exams

Acting Cairo Governor Ahmed Taymour inspected several schools on Saturday, the first day of preparatory school exams in Cairo, to ensure fairness and good performance in this year's exams.

The tour was scheduled to"...

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