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25 Sep 2014

Barclays raises finance portfolio for small and medium enterprises to EGP 1.2bn

Barclays Bank aims to increase its financing portfolio for small and medium enterprises for the current year to EGP 1.2bn over the coming months, compared to the current EGP 700m currently, according Head of Executive Management Affairs Shady Kamal.


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25 Sep 2014

UNESCO seeks answers from Egypt on more than 4,600-year-old 'damaged' pyramid

UNESCO has asked Egypt for a detailed report on restoration work carried out at the Djoser pyramid following reports the more than 4,600-year-old monument has been damaged, an official of the UN agency said Wednesday. Egyptian media reported earlier this month that the pyramid, which dominates the necropolis of Saqqara, southwest of Cairo, has been damaged during...

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25 Sep 2014

Egypt charts a path toward growth and fiscal discipline

When millions of Egyptians took to the streets last summer and in 2011 to demand change, they were seeking effective and accountable governance and a fresh economic direction for the country.


However,"...

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25 Sep 2014

Kuwait, Egypt sign military deal

Kuwait and Egypt have signed a bilateral agreement in the military field as part of a previously hammered out military training deal. The deal was inked on the sidelines of the 8th meeting of the Joint Kuwaiti-Egyptian Military Committee held here today, the Kuwaiti army’s Moral Guidance"...

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25 Sep 2014

Drilling set to commence at South Malak-2 exploration well in Egypt

Drilling at the South Malak-2 exploration well in Egypt is set to commence immediately.


The operator of the West Esh el Mellaha production sharing contract (WEEM-2 PSC), onshore Gulf of Suez, Egypt, has advised"...

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25 Sep 2014

Gulf Capital buys into top Egypt glass firm

Gulf Capital, a leading alternative investment firm, has completed the acquisition of a strategic minority stake in Middle East Glass Manufacturing (MEG), Egypt’s largest container glass and PET manufacturer.

MEG is a worldwide approved supplier of glass bottles for Coca-Cola, an approved supplier for Pepsi, Nestle and other major beverage producers...

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25 Sep 2014

UK keen on expanding partnerships to help Egypt

President Abdel Fattah Al-Sisi and British Prime Minister David Cameron discussed on Tuesday Egypt’s “fight against Islamist extremism” and touched upon the situations in Gaza and Libya during a meeting in New York.


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25 Sep 2014

CAPMAS: Egypt's tourism grows by nearly 16% in July

Egypt's tourist numbers grew by 15.8 percent this July compared to last, according to the latest report from Central Agency for Public Mobilization and Statistics (CAPMAS) on Wednesday. The bulletin reported that the total number of tourists visiting Egypt in July 2014 reached 886,000 up from 765,000 in July 2013. Eastern Europe provided the majority at about...

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25 Sep 2014

Murata’s Robot Cheerleaders Achieve Highly Synchronized Dancing

Murata Manufacturing Co., Ltd., a global leader in advanced electronic components and solutions, today unveiled its latest innovation, the Murata Cheerleaders, a team of small robots that uses the latest sensing and communication technologies, as well as advanced group control technology to achieve perfect stability"......

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25 Sep 2014

Dubai Emerging as Global Higher Education Hub

Global transnational education (TNE) students are increasingly seeing Dubai as a global higher education hub akin to the USA, UK, Australia and Canada, said Dr. Ayoub Kazim, Managing Director of Dubai Knowledge Village (DKV) and Dubai International Academic City (DIAC), part of TECOM Investments’"...

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