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12 Aug 2015

Telecom Egypt publishes second quarter financials

Telecom Egypt (TE) reported consolidated revenues of EGP3.025 billion (USD385 million) in the quarter ended 30 June 2015, representing year-on-year growth of 9.6%. Turnover generated by the company’s ‘Home Services’ accounted for the largest portion of total revenues, 29%,"...

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12 Aug 2015

Statistics: Egypt’s exports to Nile Basin during April worth $88 million

Egypt’s exports to the Nile Basin countries rose to $88.6 million in April compared with $69.6m during the same month of 2014, announces the Central Agency for Public Mobilization and Statistics. However, Egypt’s exports to COMESA countries fell from $7.3m to $ 6.5m during April 2015, Aliqtisadi reports. The Statistics Authority explains that Egypt’s...

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12 Aug 2015

Local Steel Factories can meet Needs of Egypt's New Capital Project

The capacities of local steel factories can meet the needs of the New Administrative Capital project and other national projects, Chairman of Chamber of Metallurgical Industries (CMIE) Gamal El-Garhy said Tuesday.


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12 Aug 2015

Russia’s Gazprombank offers Egypt to use rule in grain deals

Russia's Gazprombank has proposed to Egypt that it consider using the Russian national currency in certain deals, Mounir Fakhri Abd-Nur said.


Gazprombank, Russia's third-largest lender, has offered Egypt to use the Russian national currency in certain deals, Egyptian minister of Industry said Tuesday.


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12 Aug 2015

Egypt’s Amr Al Sulaya refutes Al Ahly ‘transit’ claims, vows to ‘make a mark’ at Al Shaab

Egyptian star Amr Al Sulaya has dismissed suggestions his arrival at promoted Arabian Gulf League club Al Shaab is a stopgap arrangement to smooth an eventual move to the prominent Cairo club Al Ahly.


The"...

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12 Aug 2015

Egypt's airports prepare for growth with SITA technology

The Egyptian Airports Company (EAC) has announced that it has chosen SITA as its technology partner for its airport IT modernization program at five of the largest airports it manages across Egypt. EAC is using a combination of SITA airport technologies to improve the passenger experience and increase"...

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12 Aug 2015

Egypt to build housing units in Old Cairo slum

Egypt plans to build housing units for residents of Batn Al Bakara slum located in Old Cairo, Prime Minister Ibrahim Mehleb was quoted as saying in a report.

A part of the area is located on the edge of high-level land, which makes it a dangerous area in which to reside, added the Daily News Egypt report.

“We have 1,300 slums across...

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12 Aug 2015

Israeli delegation visits Egypt for bilateral security talks

An Israeli delegation arrived in Cairo Tuesday on a private plane in a short visit to meet a number of Egyptian officials over mutual security issues, Youm7 reported.


The delegation was led by Israel’s national security advisor Isaac Molho.


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12 Aug 2015

French-Egyptian Chamber of Commerce hails the new Suez Canal

On the occasion of the New Suez Canal inauguration, the French Chamber of Commerce in Egypt (CCFE) addresses its sincere congratulations to the leadership and the people of Egypt for this outstanding achievement, recognized as such by the entire international community and truly labelled"...

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12 Aug 2015

Egypt's new civil services law achieves fairness, says minister

Egypt's Minister of Finance Hany Qadry praised on Monday a new controversial civil services law saying that it achieves fairness, following protests by several thousands of public sector workers against its implementation.


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