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10 May 2016

UNWTO invites world to visit Egypt, calls for lifting of travel and tourism bans

The Egyptian Minister of Tourism, His Excellency Yehia Rashed, today welcomed the UNWTO's call for the lifting of any unnecessary bans on travel for tourists.


The UNWTO comments were made at the start of the UNWTO Executive Council meeting in Malaga Spain. This meeting marks the start of Egypt and Minister Yehia"......

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10 May 2016

Egypt to uphold Palestinian cause at UN

Egypt will use its influence as chair of the UN Security Council in May to defend the interests of the Palestinian people, the presidency said.

The pledge, made during talks between President Abdel Fattah Al Sisi and Palestinian leader Mahmud Abbas, comes after France called for an international conference later this month to relaunch peace talks.

Palestinian-Israeli...

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10 May 2016

Russia, Egypt discuss resumption of direct flights

Russian President Vladimir Putin, in a phone conversation with his Egyptian counterpart on Tuesday, discussed the resumption of direct flights between the two countries, APA reports"...

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10 May 2016

Egypt’s urban consumer inflation hits 10.3% in April

Egypt’s urban consumer inflation jumped in April after easing since the end of last year, the statistics agency said yesterday, putting pressure on the government to raise subsidies with Ramadan approaching in June.

Food demand"...

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10 May 2016

Talk of Egypt gas deal merely ‘lip service’

With oil and gas prices suppressed for the foreseeable future and with Egypt – touted as the premier market for Cypriot natural gas – set to ramp up its own energy production in the near term, Cyprus needs to fast rethink its whole gas export policy, an energy analyst has told the Cyprus Mail.

“If we’re serious about selling our...

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10 May 2016

CMOC to Acquire Freeport’s Indirect 56% Interest in Tenke Fungurume for US$2.65 Billion

  • Adds to CMOC’s portfolio a scarce, world-class producing copper-cobalt mine with substantial upside
  • Establishes CMOC as a leading copper producer and one of the largest cobalt producers globally
  • Diversifies CMOC’s portfolio geographically with a strategic position in the Central African Copperbelt
  • Positions CMOC...

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10 May 2016

Madison Realty Capital Debt Fund III LP Closes with $695 Million Committed, Substantially Exceeding Initial Target

Madison Realty Capital (MRC), a vertically-integrated real estate private equity firm focused on real estate equity and debt investments in the U.S. middle markets, announced the final closing of Madison Realty Capital Debt Fund III LP (“MRC Debt Fund III”), the firm’s third"......

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10 May 2016

Expo 2020 Dubai® reveals its Master Plan at Arab Media Forum 2016

Expo 2020 Dubai has revealed its master plan in the form of a dedicated experiential zone displayed at the 15th edition of the Arab Media Forum. Visitors were among the first to take a glimpse at how the Expo 2020 Dubai site will"...

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10 May 2016

Saif bin Zayed: The UAE has the lowest recorded violent crimes rate in the world

  • Measures to be taken to curb assaults using swords and other bladed weapons
  • The UAE amongst the world’s countries with the lowest drug-related deaths rates
  • Project to launch electronic narcotic drugs monitoring program
  • 173 websites promoting drugs blocked in cooperation with Etisalat

Lt."...

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