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12 May 2016

Egypt discusses Nile Delta’s challenges in the Netherlands

CAIRO: The Minister of Water Resources and Irrigation Mohamed Abdel-Atti has discussed the challenges that face the Nile River during the Coalition of Deltas meetings in Netherlands, the Ministry announced in a statement Wednesday.

He"...

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12 May 2016

Egypt's GB Auto reports 70pc fall in Q1 net profit

Ghabbour Auto's first-quarter net profit fell 70 per cent, the Egyptian auto distributor said in a bourse statement on Wednesday.

The country's distributor of tuk-tuks and motorbikes made by India's Bajaj Auto has been affected by a currency crisis that has made importing more difficult.

Net profit fell to E£14.1 million ($1.59 million)...

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12 May 2016

Dairy maker Domty to inject $67.6mn investments in Egypt until 2017

Egyptian dairy maker Arabian Food Industries Company (Domty) plans to pump investments of 500-600 million Egyptian pounds (US$67.6 million) until the end of 2017, its CEO said.

Speaking to Amwal Al Ghad Wednesday,"...

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12 May 2016

Hep. C yearly infection rate in Egypt to be reduced to 14K by 2025

CAIRO: The annual rate of those suffering from Hepatitis C will be reduced from 100,000 to 14,000 by 2025, according to a Health Ministry plan.

The ministry is prepared to provide the needed medications to accomplish"...

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12 May 2016

Egypt surpasses South Africa as second largest economy in Africa: IMF

CAPE TOWN, May 11 (Xinhua) -- Egypt has surpassed South Africa as the second largest economy in Africa, said the International Monetary Fund (IMF) in its latest World Economic Outlook.

The IMF said South Africa has"...

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12 May 2016

Egypt to host SME Banking Egypt 2016 conference next week

Arab Finance: Considering the importance of Small and Medium Enterprises (SME) and their contributions to the economy, the Central Bank of Egypt (CBE) has announced various programs to promote their growth in Egypt.

The"...

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12 May 2016

Egypt welcomes the season of wheat harvesting

As the temperature rises and Egypt emerges from its winter months, spring becomes the time of year in which everything turns to gold. Shades of bronze take over farmlands as the season of wheat harvesting begins.

Although"...

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12 May 2016

Egypt to offer 49m square metres of land to tourism investors within days: Tourism Development Authority CEO

The government will offer 73 parcels of land that range from 10,000 square metres and 1m square metres to investors in the next few days, according to Tourism Development Authority (TDA) head Serag El Din Saad. The offered lands are located in the North Coast, Red Sea Governorate, South Sinai,"...

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12 May 2016

US takes a swipe at Egypt's treatment of journalists

The US ambassador to the UN on Wednesday took a swipe at Cairo's treatment of journalists, during a Security Council meeting chaired by Egypt.

Ambassador Samantha Power told the Security Council that counter-terrorism"...

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12 May 2016

Alexandria to allow food trucks on streets near three Metro stops

Food trucks will get a six-month tryout at three Alexandria city street locations, the City Council decided Tuesday, starting within 30 days.

The trucks, which currently are allowed only on certain 0ff-street locations,"...

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