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26 Dec 2016

FEDCOC, ITIDA launch initiative to link international and local companies

The General Division of Computer and Software at Federation of Egyptian Chamber of Commerce (FEDCOC) launched the “Tawteen” initiative in cooperation with the Information Technology Industry Development Agency (ITIDA).

According to Khalil Hassan Khalil, board member of FEDCOC"...

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26 Dec 2016

Knesset summons Egypt’s ambassador to Israel over UN resolution: Israeli media

Egypt’s ambassador to Israel Hazem Khairat was reportedly summoned by the Israeli foreign ministry among other ambassadors whose countries had supported the UN resolution condemning Israel’s settlement project in Palestine, several Israeli media outlets said on Sunday afternoon.

...

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26 Dec 2016

United Bank increases number of branches in Egypt to 51

United Bank-Egypt increased the number of its branches to 51, after last week’s inauguration of its latest branch in Fifth Settlement in New Cairo.

According to the bank’s chairperson, Ashraf Elkady, the expansion policy of the bank is based on an integrated plan to expand carefully"...

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26 Dec 2016

Egypt gets boost from inflow of loans

A string of loans recently secured by the Egyptian government are providing a badly needed fillip for the country’s struggling economy, experts have said.

The government on Thursday signed a $1 billion (Dh3.67 billion) loan agreement with the World Bank, officially dubbed the Second Consolidation Sustainable Energy and Competitiveness Programmatic"......

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26 Dec 2016

Egyptian-owned ride-hailing service Taxi Plus to launch next week

The Egyptian-owned Taxi Plus company has said that it will hold a press conference on Sunday to officially announce the launch of its cab-hailing service to Egyptians, Ahram Arabic website reported on Thursday.

Unlike"...

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23 Dec 2016

UNSC members push Egypt to move forward with anti-settlement resolution

Hours after Egypt caved under diplomatic pressure from Israel and postponed their proposal to hold a vote on an anti-settlement resolution at the UN Security Council Thursday evening, four members of the UNSC threatened to move forward with the text anyway, Reuters reported Friday.New"...

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23 Dec 2016

Egypt Restarts LNG Exports from Idku

Egypt has restarted export of LNG from the Idku LNG plant, according to Egyptian media. In the last three months, Shell exported from Idku three cargoes, with gas supplied from its Borollos gas field which is producing at a rate of 200mn ft³/d. The company is targeting a shipment every"...

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23 Dec 2016

Egypt will give Trump a chance to tackle Israeli-Palestinian conflict

Egypt’s president Abdel Fattah el-Sisi has received a call from President-elect Donald Trump, in which their pair discussed the incoming US administration’s role in Israeli-Palestinian negotiations.

The"...

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23 Dec 2016

Call for veto of UN anti-settlement resolution grows stronger

A growing list of Jewish groups and U.S. lawmakers joined the call urging the Obama administration to veto an anti-settlement resolution at the U.N. Security Council.

The World Jewish Congress, the American Israel"...

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23 Dec 2016

Egypt to import crude oil directly from Iraq

Egypt is seeking to import crude oil directly from Iraq in the first quarter of 2017, the country’s Minister of Petroleum Tariq El-Mollah said yesterday.

El-Mollah told reporters, on the sidelines of a meeting"...

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