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10 Aug 2016

Award winners of Egypt's 9th National Theatre Festival

Egypt’s 9th National Theatre Festival ran between 19 July and 8 August

The awards for the 9th National Theatre Festival were handed out by Culture Minister Helmy El-Namnam at the closing ceremony held at the Cairo Opera House's"...

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10 Aug 2016

Indian Mahindra Group plans building $40mn-factory in Egypt for farm equipment

Indian multinational automobile and agricultural equipment maker Mahindra and Mahindra Limited (M&M) studies executing new project in Egypt, Trade and Industry Minister Tarek Qabil stated Wednesday.

He added that"...

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10 Aug 2016

Spain’s Abengoa to build desalination plant in Egypt’s Galala Mountain

Spanish renewable energy company Abengoa has signed Wednesday an agreement with Egypt’s Construction and Design Co. (CONSTEC) to build a desalination plant in Galala Mountain, in Suez.

The Spanish firm studies"...

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10 Aug 2016

Egypt supports efforts to restore peace in South Sudan: Sisi

Violence resumed in South Sudan on the second anniversary if its independence day

President Abdel-Fattah El-Sisi stressed on Wednesday Egypt's full support for efforts to restore peace and stability in South Sudan during a meeting"...

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10 Aug 2016

Sawiris' OTMT plans investing in Egypt's food, agricultural industries sector

Egypt's Orascom Telecom Media and Technology Holding company (OTMT) -owned by tycoon Naguib Sawiris - is currently studying injecting direct investments in food and agricultural industries sector within the upcoming period.

Speaking"...

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10 Aug 2016

Russia: 25% of wheat was exported in the destination of Egypt

In 2015/16 Russian wheat exports totaled 24.65 MMT of wheat, which was 15% more than the record of the previous season 21.4 MMT.

Main tendencies of the finished season were decrease in wheat purchases from Turkey"...

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10 Aug 2016

Egypt sees 50pct decrease in tourists in first half of 2016: Tourism Authority

The number of tourists coming to Egypt dropped by 50 percent in the first half of 2016 compared to the same period last year, the head of Egypt's Tourism Authority Samy Mahmoud said.

Only three million tourists visited Egypt in the first six months of 2016, Mahmoud told Ahram Online.

"...

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10 Aug 2016

Egyptian, Cypriot FMs discuss upcoming Egypt-Greece-Cyprus Trilateral Summit

Egypt's foreign minister Sameh Shoukry and his Cypriot counterpart Ioannis Kasoulides discussed in a meeting on Tuesday the launching of the Egypt-Greece-Cyprus Trilateral Summit to boost cooperation, which will take place in Cairo"...

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10 Aug 2016

Egypt parliament approves jailing of black market currency dealers

Egypt's parliament approved on Tuesday a cabinet bill allowing the government to prosecute and jail sellers of foreign currency on the black market.

According to the state-owned MENA agency, the law sets jail sentences of six months to three years as well as fines reaching EGP 5 million"...

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10 Aug 2016

Egypt’s Arab Contractors says Chad volume of businesses worth €334 mln

Egypt-based construction firm, Arab Contractors’ volume of businesses in Chad is currently worth €344 million ($381.6 million).

Ties between Chad and Arab Contractors go back as far as 1999, the Egyptian company"...

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