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06 Aug 2014

Egypt, Iran, Jordan Call Off Gas Pipeline Talks

Egypt, Iraq and Jordan have called off talks regarding construction of a gas pipeline as a result of violence, instability and insecurity, reports Daily News Egypt.


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06 Aug 2014

Etisalat Egypt unit plans stock listing

United Arab Emirates telecommunications operator Etisalat said on Wednesday that its Egyptian business was considering a listing on the Egyptian stock exchange, but no decision had been taken yet.

Local media reports had said earlier this week that Etisalat Misr was considering a listing. Bloomberg reported the planned share sale would be worth $500...

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06 Aug 2014

Egypt launches digging of second Suez canal

Egypt’s president has launched the digging of a new canal in the country which will will run in parallel to the Suez Canal.


The military-run project is seen as a major step by Abdel Fattah al-Sisi to stimulate his country’s struggling ......

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06 Aug 2014

Dana Gas says to recover overdue Egypt payments by 2018

Dana Gas, the United Arab Emirates energy firm, expects to recover the vast majority of overdue payments which the Egyptian government owes it by 2018, group chief executive Patrick Allman-Ward said on Wednesday.

The company is now putting in place a new arrangement with the government that will permit it to invest in new Egyptian wells and redevelop...

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06 Aug 2014

IFC Boosts Urban Development, Create New Jobs in Egypt

IFC and the European Bank for Reconstruction and Development (EBRD), are providing loans of $60 million each for a benchmark urban development project in West Cairo that is expected to create more than 2,400 new jobs. The loans will be complemented by a $20 million loan from the Commercial International Bank (CIB), a local Egyptian bank.

The"...

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06 Aug 2014

General Electric, Bechtel, and Cerberus Capital plan to increase investments in Egyptian market

Prime Minister Ibrahim Mehleb has received pledges from major US companies to invest in the Egyptian market, as part of the government’s efforts to attract more foreign investment and raise economic growth rates in an effective way.


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06 Aug 2014

Egypt makes necessary contacts to fix lull in Gaza -- FM

Egypt's Foreign Minister Sameh Shoukry reiterated Tuesday that his country is making necessary contacts to "fix the lull in the war-ravaged Gaza Strip to help the concerned parties start negotiations".

Shoukry made this remark while discussing with US Secretary of State John Kerry the latest developments in Gaza Strip in a telephone call, Foreign Ministry...

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06 Aug 2014

Bringing Cheer to the Elderly: HARTMANN Eid Celebrations at Old People's Home

PAUL HARTMANN Middle East, in partnership with Gulf Drug, organized a special event to celebrate Eid Ul Fitr at the Old People's Home in Sharjah, as part of the company's Corporate Social Responsibility initiative.


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06 Aug 2014

21st Century Fox Withdraws Its Proposal to Acquire Time Warner Inc.

21st Century Fox (NASDAQ: FOXA, FOX) today announced that it has withdrawn its proposal to acquire Time Warner Inc.

Chairman and CEO Rupert Murdoch commented:

“We viewed a combination with Time Warner as a unique opportunity to bring together two great companies, each with celebrated content and brands. Our proposal"......

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