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26 Mar 2014

World Bank Group Executive Directors Reiterate Support to Egypt

A delegation from the World Bank Board of Executive Directors concluded a four-day visit to Egypt by reiterating continued commitment to supporting the country’s development priorities.


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26 Mar 2014

Egyptian Tourism Federation warns of coal use's impact on tourism


The Egyptian Tourism Federation chambers came out against the industry ministry's plan to use coal as a source of energy on Tuesday, citing potential damage to the vital sector.


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26 Mar 2014

38 Students Graduate from U.S.-Sponsored Job Training Program


In a press release, Job Placement Training Program (JPTP), a U.S.-funded project that gives youth the skills to compete for challenging job opportunities announced that 38 students has graduated from the"...

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26 Mar 2014

Emirates NBD appoints new Egypt MD

Emirates NBD has appointed Giel-Jan Van Der Tol as the new managing director for its Egypt operations and a member of the board of directors. Shayne Nelson, group CEO, Emirates NBD, said: “We are pleased to announce the appointment of Giel-Jan Van Der Tol as the new managing director of Emirates NBD Egypt. Giel-Jan‘s excellent leadership skills...

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26 Mar 2014

From Egypt to Ukraine, Social Media Now Allows You to Share Revolution

On February 27 Russia ordered troops into Ukraine, taking control of an eastern naval base and then spreading operations through the Crimean peninsula. The invasion came as a part of a dramatic but complex — and now much analyzed — series of geopolitical events. On November 21 of last year, Ukrainian President Viktor Yanukovych scrapped negotiations...

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26 Mar 2014

Arab Fund for Economic and Social Development invests $412m in Egypt

Egypt’s interim government signed two agreements with the Arab Fund for Economic and Social Development (AFESD) on Monday to finance projects in the electricity sector, a statement from the cabinet said. A power station in Assiut, which is currently being upgraded to increase Egypt’s electric capacity by 650MW, will be funded by AFESD’s first...

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26 Mar 2014

France to support €80m employment project


Ministry of Planning and International Cooperation signed a €80m agreement with the French Agency for Development Monday to offer long-term credit to small and micro Egyptian businesses.


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26 Mar 2014

Egypt’s Naeem Holding to cross-list on Abu Dhabi exchange

Naeem Holding for Investments has received approval from the United Arab Emirate’s financial regulator to list on the Abu Dhabi exchange, the firm said, a further sign of closer economic ties between Egypt and the Gulf. “Coordination is ongoing with the Abu Dhabi market and the necessary measures for receiving the approval of the Egyptian Financial...

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26 Mar 2014

Egypt expects unit to import LNG to be ready by August

Egyptian Oil Minister Sherif Ismail said that the country would have a Floating Storage and Regasification Unit (FSRU) for gas imports in place by August. Egypt hopes to import liquefied natural gas to stave off an energy crunch this summer. If it fails to secure a means of importing LNG, Egypt would have even more limited options for fuel supplies as already...

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26 Mar 2014

Repression deepens in Egypt but strikes continue

An Egyptian court sentenced 529 Muslim Brotherhood supporters with the death penalty on Monday of last week after a two day trial.


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