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16 Apr 2016

Egypt’s evolving services needs

Hisham El Grawany, the area manager of North Africa at DNV GL, sat down with TOGY to discuss the company’s role in some of Egypt’s mega-projects as well as Egypt’s potential to become a regional energy centre. DNV GL is a provider of independent certification and inspection"...

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16 Apr 2016

Berri convenes with Ambassadors of Egypt, China and Sultanate of Oman

House Speaker Nabih Berri met at his Ayn Teeneh residence on Friday with Ambassador of Egypt, Mohammad Badreddine Zayed, with discussions focusing on Berri's latest visit to Cairo and his meeting with President Abdel Fattah el-Sisi and other top officials, as well as the works of Arab Parliamentary Union Conference which Berri headed.

The Ambassador told...

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16 Apr 2016

Egypt protests after el-Sissi gives islands to Saudi Arabia

Egyptian security forces arrested dozens and fired tear gas Friday at thousands of demonstrators protesting President Abdel-Fattah el-Sissi's decision to hand over two Red Sea islands to Saudi Arabia. Chants of "leave, leave!" directed at el-Sissi marked the first"...

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16 Apr 2016

GE completes upgradation of Banha power plant in Egypt

General Electric (GE) has completed the upgradation of the Banha power plant, located at the Qalyubia Governorate in Egypt and owned by the Middle Delta Electricity Production Company (MDEPC).

The upgrade, which includes the first-ever Evaporative Cooler retrofit for the 9FA Gas Turbines in Egypt as a turnkey project, will boost efficiency and increase...

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16 Apr 2016

Raya Plans IPO of Call Center Unit for Expansion Outside Egypt

Egyptian telecommunications and information technology group Raya Holding Co. plans to sell a stake in its call centers business this year in an initial public offering, using proceeds to fund expansion overseas and take more revenues in foreign currencies.


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16 Apr 2016

Egypt, Lebanon benefit most from MENA migrant remittances

Egypt, Lebanon and Morocco and the North African and Middle Eastern (MENA) are the countries that benefited the most from migrant remittances last year, according to the World Bank's latest edition of the Migration and Development Brief. Remittances to the area in 2015 totalled 50.3 billion dollars. Of the countries that benefitted the most from them in the area,...

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16 Apr 2016

Harnessing Africa's Rich Natural Capital Tops Agenda at High-level African Conference on the Environment

The need to sustainably harness Africa's vast reserves of natural capital will be among the top issues discussed by the ministers of the environment and high level officials from more than 40 African countries at a major conference on the environment this week.


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16 Apr 2016

Egypt's Beltone says still pursuing CI Capital acquisition

Egypt's Beltone Financial will pursue its acquisition of CI Capital, the investment banking arm of the country's largest-listed bank, despite delays in regulatory approval, its deputy managing director Ahmed Salem said on Thursday.


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16 Apr 2016

14% of Nile cruises operate with ‘trickle’ of tourists onboard: official

A Tourism Ministry official has warned against a potential “unemployment crisis” among crews of Egypt’s Nile cruises operating between the country’s two top touristic destinations of Luxor and Aswan, calling on concerned bodies to intervene to save the employees amid"...

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16 Apr 2016

UN's De Mistura Meets Syrian Opposition's Moscow-Cairo Group


UN Special Envoy for Syria Staffan de Mistura is meeting the Syrian opposition's delegation created following meetings in Moscow and Cairo on the sidelines of the intra-Syrian talks in Geneva.GENEVA (Sputnik) The delegations of the Syrian"...

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