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29 Nov 2014

Tourists return to Egypt after three-year break

The backpackers have returned. They are wandering through Cairo’s ancient Khan el-Khalili market and making their way through the traffic-choked streets to the pyramids at Giza.


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29 Nov 2014

Egyptian Economy Recovering, Says IMF

The International Monetary Fund (IMF) stressed that the Egyptian economy begun to recover four years after a total economic slowdown.


In a report issued at the end of the IMF delegation visit to Egypt, IMF's Mideast and Central Asia Department Head Christopher Jarvis, said all members of the delegation sensed a"......

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29 Nov 2014

UPDATE 1-Egypt keeps key interest rates steady, eyes risks to growth

Egypt's central bank held its main interest rates steady at a policy meeting on Thursday but said softening growth in emerging markets and mounting concerns about the global economy could pose a threat to the country's nascent recovery.


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29 Nov 2014

Egypt's FM calls on Qatar to aid national security

Cairo's Foreign Minister Sameh Shoukry called on Qatar to adopt "supportive policies" for Egypt's national security, urging Doha to stay away from any acts that harm the country's stability.


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29 Nov 2014

Sea Dragon Energy announces third quarter 2014 financial and operating results

Sea Dragon Energy Inc. (TSXV: SDX) announces its 2014 third Quarter Financial and Operating Results (the "Quarter" or "Q3 2014").

Third Quarter 2014 Highlights:

Operational Performance

29 Nov 2014

EU gives Cairo annual donation of 1 billion euros

Alongside efforts to boost Egypt's green energy sector, the European Union is helping Cairo achieve ambitious goals through providing annual donations estimated at 1 billion euros, said Ambassador James Moran, head of the European Union delegation to Egypt. In the conference entitled ‘Chances and Challenges of Energy in Egypt’, organized by the Italian...

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29 Nov 2014

175 companies bid for renewable energy projects

The Electricity Ministry declared 175 companies have bid for renewable energy contracts after the tariffs for power supply using renewable sources of energy was set. Elecricity Minister Mohamed Shaker said the companies will submit their financial offers as well as their project plans next week. The ministry will then evaluate the companies according to their...

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29 Nov 2014

Abu Dhabi investments fuel banking recovery in Egypt

Investments by Abu Dhabi companies in Egypt are feeding a revival in the country’s corporate banking industry.

After years of sluggish growth in the sector, the outlook now is for aggressive growth, says the Middle East’s biggest investment bank.

“This is going to have an impact, not on the investment banking side, but the...

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29 Nov 2014

Egypt, IAEA sign deal to support nuclear security

Egypt's Nuclear and Radiological Regulatory Authority (ENRRA) and International Atomic Energy Agency (IAEA) Thursday night signed a deal to support nuclear security.

Egypt and the IAEA inked also a protocol of cooperation regarding requirements of operating the first phase to develop the systems of protection of Egyptian first and second research reactors.

"Egypt...

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