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17 Feb 2015

Undersecretary of the Ministry of Interior Inaugurates Regional Conference on Synthetic Drugs

Lt. General Saif Abdullah Al Sha’far, Undersecretary at the Ministry of Interior, officially inaugurated the Regional Conference on New Synthetic Drugs and Psychotropic Substances on Tuesday. The two-day conference is organized by the Ministry of Interior in collaboration with the"...

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16 Feb 2015

World Bank wants to loan $1 bln to ‘polluted villages project’: Housing minister


The World Bank is interested in participating in the “polluted villages’ project” with $1bn in loans, Minister of Housing Mostafa Madbouly said Sunday.


The loan will be used for the project in Al-Salam Canal in"......

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16 Feb 2015

State of alert prevails in tourism investment in 2015: GATD official


This year will be an extension of last year regarding the anticipation of the tourism investment situation, according to an official at the General Authority for Tourism Development (GATD).


"...

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16 Feb 2015

Arabtec project will increase competition in real estate market


Real estate companies believe that the Arabtec project (for one million housing units) will increase and promote competition between companies, while some companies believe that the project will harm their"...

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16 Feb 2015

13% increase in trade balance deficit in November: CAPMAS

The deficit in trade balance increased by 13.9% in November 2014, the Central Agency for Public Mobilization and Statistics (CAPMAS) stated in a Sunday report.


The new figures show the deficit now registers EGP 26.49bn, compared to EGP 23.26bn in the corresponding month in 2013.


"......

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16 Feb 2015

Etisalat Egypt receives $120m Bank of Abu Dhabi and HSBC loan

Etisalat Egypt has signed an agreement with the National Bank of Abu Dhabi (NBAD) and HSBC for a $120m loan, $60m from each bank, to be repaid within three years.


Engineer Said El-Hamly, Executive Director of Etisalat Egypt, said the cooperation with the two banks comes along with the company’s strategy to"......

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16 Feb 2015

Egyptian-Kuwaiti partner in several sectors with investments worth $6.8bn: Cabinet

On Sunday, Egypt and Kuwait signed a memorandum of understanding to invest in projects in the petrochemical and phosphate fertiliser sectors.


The projects include: a complex for polypropylene production and its derivatives; a project for formaldehyde and its derivatives; and a complex for phosphate fertilisers"......

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16 Feb 2015

Orascom Construction to list on Dubai, Egypt exchanges

Orascom Construction, a leading global engineering and construction contractor, after a demerger from Netherlands-based OCI NV, a global producer of fertilizers, will be listed on Nasdaq Dubai and Egyptian Exchange (EGX), a report said.

OCI announced today that it has formally commenced proceedings to effect the demerger of the company’s engineering...

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16 Feb 2015

SITA technology transforms Egypt's Hurghada Airport

Hurghada International Airport—the gateway to Egypt’s Red Sea Riviera—is transforming the passenger experience at its new terminal with airport solutions from air transport IT specialist, SITA. The airport is using SITA’s passenger processing platform, baggage management and"...

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16 Feb 2015

Egypt seeks to ‘diversify’ weapon providers: Experts

After increasingly strained relations with the US, Egypt is now seeking to diversify its sources of weaponry, Egyptian military experts told Daily News Egypt on Sunday.


Egypt is set to finalise its purchase of 24 Rafale fighter jets, a naval frigate, and other related military equipment on Monday, after French"......

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