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08 Jan 2015

20 Injured in Traffic Accidents Due to Fog in Abu Dhabi

Due to heavy fog conditions Thursday morning, dozens of vehicles collided on the Abu Dhabi-Dubai road leaving 20 persons with minor injuries from separate cases of collision.


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08 Jan 2015

BST Global Selected as Business Management Solution Partner by IBI Group

BST Global today announced that IBI Group (IBI), one of the world’s leading international architecture, planning, engineering, and technology consultancies, has selected BST10 as its global Enterprise Resource Planning (ERP) and business management software platform solution for managing"...

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08 Jan 2015

ZTE Signs Cooperation Agreements With Dutch TNO and the Economic Development Board of Almere to Enable Smart City Solutions

ZTE Corporation (“ZTE”) (H share stock code: 0763.HK / A share stock code: 000063.SZ), a publicly-listed global provider of telecommunications equipment, network solutions and mobile devices, has announced that ZTE Health, a member of the world wide acting ZTE Group, has signed"...

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07 Jan 2015

Egypt to issue bonds on international markets after higher credit ranking: Cabinet

The Ministerial Economic Committee approved a proposal to issue Egyptian bonds on international markets to attract new capital to boost the country’s resources, according to a cabinet statement Monday.


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07 Jan 2015

Agriculture minister to meet textile, weaving entities Thursday: Chamber official

Agriculture Minister Adel El-Beltagy will meet with the Textile Industries Chamber and the Holding Company for Spinning and Weaving Thursday to discuss the textile industry’s development, a Chamber official said.


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07 Jan 2015

Cairo ends subsidies to farmers of cotton

Growers of Egypt's high quality cotton will no longer receive any state support and have been advised not to plant the crop unless they have contracts to sell it, a move some traders say is a final blow to the long-neglected industry.

The market for Egypt's high quality extra long staple cotton, once known as the country's "white gold", has been shrinking...

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07 Jan 2015

Falling Oil Prices Both Blessing, Curse for Egypt

Egyptian economists are watching the decrease in oil prices with satisfaction and anticipation. Their satisfaction comes from the decrease, meaning a drop in the Egyptian budget deficit, because petroleum products were subsidized by the state to the value of 100 billion Egyptian pounds ($14"...

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07 Jan 2015

Sacoil to move quickly on new asset in Egypt

OIL and gas junior Sacoil Holdings is moving quickly to bring its recently acquired Lagia oil field in Egypt into production, which could generate the company’s first revenue from oil sales.


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07 Jan 2015

Egypt's Palm Hills plans $230 mln share issue to raise capital

Palm Hills, Egypt's second-largest listed real estate developer, plans to issue new shares worth 1.65 billion Egyptian pounds ($230.49 million) to raise its capital and fund growth.


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07 Jan 2015

Investments of Kuwait in Egypt touch $2.8 billion

Investments of Kuwait in Egypt have reached $2.8 billion, while there have been 32 per cent increase in commercial trade between the two countries during the first three quarters of 2014.

In 2013, commercial exchanges reached $405 million, an increase of 16 per cent compared to 2012.

Export from Egypt to Kuwait were $345 million, while Kuwaiti...

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