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06 Oct 2014

Egypt economy 'to grow 3.3 per cent this year'

Egypt's economy is set to grow 3.3 per cent this fiscal year, according to economists polled by Reuters, who nudged up their forecasts from last quarter as confidence has started to return.


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06 Oct 2014

Egypt Air and Citizen Abdul-Azeez’s torn passport

Much as this Newspaper wants to commend the Committee’s effort, it is expedient that the airline gives adequate compensation; more so, because the young man has suffered unquantifiable loss from the incident, ranging from mental torture, time lost on his education, and finances.

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06 Oct 2014

IMF to attend Egypt’s investors conference

The head of the International Monetary Fund says the world body will attend an investment conference in Egypt scheduled for February.

The gathering is meant to attract foreign funding.

IMF Managing Director Christine Lagarde made the announcement in an interview with Asharq Al-Awsat.

Lagarde says Egypt has not asked for an IMF loan but...

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06 Oct 2014

BG Group says received $350 mln from Egypt for gas debt

British gas producer BG Group said on Monday it had received $350 million from the Egyptian government following a commitment by Cairo to repay outstanding debts to the energy industry.


The"...

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06 Oct 2014

Egyptian FM: All extremist organizations should be eliminated

The Egyptian Foreign Minister Sameh Shoukry called on separating the issue of fighting the Islamic State (IS) from the efforts to reach a political solution in Syria. He said that his country was a part of an international-Arab coalition against IS, offering political support and solidarity, but Egypt wished to eradicate all similar organizations"......

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06 Oct 2014

Egypt, South Africa Discuss Tourism Cooperation

Tourism Minister Hisham Zaazou met with South Africa's Ambassador to Egypt Noluthando Mayende-Sibiya to discuss means of promoting tourism cooperation between both countries.


The"...

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06 Oct 2014

Health of Egypt activist on hunger strike worsens

A leading Egyptian activist who has been on hunger strike for more than a month to protest his imprisonment was transferred to hospital after his health deteriorated sharply, his family said.


Ahmed"...

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06 Oct 2014

Wave of Patriotism as Egypt Raises $9 Billion for Suez Canal

Brand “Egypt” has had a tough few years. After the euphoria of the Arab Spring swept authoritarian Hosni Mubarak from power 2011, the largest and arguably most important Arab nation has staggered from one crisis to another.

Its first democratically elected president, the Islamist Mohamed Morsi, was ousted amid deadly violence in July 2013...

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06 Oct 2014

Wave of Patriotism as Egypt Raises $9 Billion for Suez Canal

Brand “Egypt” has had a tough few years. After the euphoria of the Arab Spring swept authoritarian Hosni Mubarak from power 2011, the largest and arguably most important Arab nation has staggered from one crisis to another.


...

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06 Oct 2014

UAE firm leads bid to build Egypt's first coal-fired power plant

An Abu Dhabi-based private firm is leading a consortium to build Egypt's first coal-fired power plant in the Suez area to meet the country's acute power shortage, the chairman of the investing company has said.


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