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24 Jan 2016

UAE Companies Investing Abroad Council says Egypt is important destination for Emirati investments

The UAE Companies Investing Abroad Council said Egypt is a major destination for Emirati and Arab investors due to its diversified market, infrastructure as well as the government’s efforts to remove obstacles to inbound investments, from the UAE in particular.


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24 Jan 2016

Ethylene producer Ethydco targets $600mn sales in Egypt

The Egyptian Ethylene and Derivatives Company (Ethydco) targets its sales volume to record US$600 million during a year from starting operation, marketing general manager Ahmed Abouzeid said Saturday.


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24 Jan 2016

Jumeirah Group Appointed By Select Group for Marina Gate

Jumeirah Group, the global hotel company and a member of Dubai Holding, has signed an agreement with Select Group to manage 508 properties within Marina Gate, their flagship residential development at the gateway to Dubai Marina.


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23 Jan 2016

Egypt signs conditional contracts with China to build coal-fired power plants

Egypt signed conditional contracts with Chinese electrical engineering companies to build two coal-fired power plants and develop a transmission grid, electricity ministry spokesman Mohamed El-Yammany told Ahram Online on Friday.

Dongfang Electric Corporation plans to build six"...

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23 Jan 2016

Egypt's EGAS says BP LNG cargo postponed, denies payment trouble

Egypt's state-owned EGAS said on Friday it had postponed a liquefied natural gas (LNG) delivery from BP last month until later this year, rejecting suggestions there were any payment difficulties.


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23 Jan 2016

German think tank pulling out of Egypt over restrictions

A well-known German think tank says it is moving its Mideast operations out of Egypt, maintaining that ever-stricter government restrictions have made it impossible to carry out its work. Wolfgang Gerhardt, chairman of the Friedrich Naumann Foundation, which has links to Germany's Free Democratic Party, told the dpa news agency Wednesday the he was moving the...

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23 Jan 2016

Egypt's main indicator retreats by 2.46% during last week

Egypt's benchmark index EGX30 slumped by 2.46 percent to reach 5,173 points during last week , said state-owned MENA citing the Egyptian stock exchange's weekly report. The report revealed the contrast between the benchmark and secondary market indicators as the index for small and medium enterprises EGX 70 increased by 2.29 percent to reach 344 points while...

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23 Jan 2016

Egyptian official dismisses claims of mediation between Turkey and Egypt

Egyptian Foreign Ministry Spokesperson Ahmed Abu Zeid has denied that there is ongoing mediation between Turkey and Egypt to normalize bilateral ties.


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23 Jan 2016

Moscow Not Discussing Resumption of Flights to Egypt

The Russian authorities are not currently discussing the resumption of flights between Russia and Egypt, Russian Deputy Prime Minister Olga Golodets said on Friday.

Moscow imposed a ban on Russian flights to and from Egypt a week after a Russia-operated Airbus A321 crashed on October"...

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23 Jan 2016

Egypt's courageous few fighting for human rights

Never before in my 10-year career has working on human rights in Egypt been so dangerous.


Today in Egypt, human rights activists, lawyers, political activists and independent journalists, all have to live with their phone calls being tapped, endless smear campaigns and hate speech from state-affiliated media as"......

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