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03 Aug 2016

Ministry of Electricity owes Siemens €350m for maintenance, power plant upgrades

German company Siemens has maintained and upgraded a number of production units for the Ministry of Electricity worth €350m.

An official at the Ministry of Electricity said that it had signed a contract with Siemens"...

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03 Aug 2016

Industry Ministry inaugurates ‘Proudly made in Egypt’ campaign

Minister of Industry and Foreign Trade Tarek Kabil inaugurated the ‘Proudly made in Egypt’ campaign, which focuses on manufacturers of high quality Egyptian products.

The minister stated that the campaign"...

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03 Aug 2016

Egypt private sector slows for 10th month in a row but speed of contraction eases

Business activity in Egypt shrank for the 10th consecutive month in July as output, new orders and employment all declined, although the speed of contraction slowed, a survey showed on Wednesday.

The Emirates NBD Egypt"...

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03 Aug 2016

Egypt proposes to implement major economic measures

CAIRO: Egypt has proposed to implement major economic measures to turn the country’s ailing economy around, as the government negotiates a $12 billion loan programme with the International Monetary Fund (IMF). In this bid, the government plans a series of measures that will include subsidy cuts, tax reforms and privatisations of state-owned companies. Egypt...

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03 Aug 2016

Egypt-Turkey Relations Sour Post-Failed Coup

The Egyptian media erupted in excitement during the coup attempt in Turkey, prematurely declaring it successful. A headline on one prominent paper read, “The military force’s message: relationships with the world will continue.”
"...

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03 Aug 2016

Egypt curtails wheat buying as offer prices tick higher

Gasc, at its fourth tender of the season, slowed its buying to just one cargo after most merchants nudged higher their offer prices, on contrast to weakness on futures markets.

Gasc, the grain authority for Egypt,"...

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03 Aug 2016

Egypt rights groups denounce 'ineffective' FGM provision, propose amendments

CAIRO, Aug 2 (Aswat Masriya) - Local rights groups criticised on Tuesday the legal provision on female genital mutilation (FGM) in its current format, proposing several amendments besides those put forth by the health ministry.

Since"...

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03 Aug 2016

Egypt studies eight state-owned oil firms for listing or share-issuance

(Reuters) - Egypt's Ministry of Investment will assess eight state-owned petroleum companies for their suitability for a possible listing on the Egyptian stock market or share issuances, Petroleum Minister Tarek El Molla told Reuters on Tuesday.

The"...

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03 Aug 2016

Russia-Egypt air security agreement to be referred to Cairo this week

TORZHOK, August 2. /TASS/. An intergovernmental agreement on air service security with Egypt may be referred to the Egyptian side later this week, Russian Minister of Transport Maxim Sokolov said on Tuesday.

"It has already been elaborated and is now being agreed with the Russian Foreign Ministry, which, under the current rule of procedure, is to refer...

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03 Aug 2016

Egypt And Turkey: Aligned, But Out Of Step

When Egypt opened its 2011-12 election season, the first election to be held since the end of the Arab Spring, the country’s political atmosphere came alive with promise and debate. At the time, I lived in the coastal city of Alexandria, where “let’s give them a try”"...

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