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29 Jun 2016

Leaders in the auto industry prepare for ‘Egypt Automotive’ summit

Business News, the organiser of the annual Egypt Automotive summit, held a preparatory meeting for its third automotive summit scheduled for December.

The meeting was attended by a number of key officials in the automotive"...

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29 Jun 2016

Egypt 2nd in FDI in Africa

Cairo: According to the World Investment Report 2016 issued by the United Nations Conference on Trade and Development (UNCTAD) on Thursday 22/6/2016, Egypt came second in Africa in attracting Foreign Direct Investments (FDI) during 2015.

...

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29 Jun 2016

EU: No change in aid programs to Egypt in coming two years

Cairo: There will be no change in aid programs of the EU to Egypt in the coming two years, said EU Ambassador in Cairo James Moran.

Moran was commenting on the possible repercussions of Britain's exit from the bloc.

The EU will continue its role in supporting stability, Moran"......

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29 Jun 2016

Cabinet studies Ministry of Electricity’s suggestion to lift subsidies

Cairo: The Ministry of Electricity and Renewable Energy has sent a study about extending the period of lifting electricity subsidies to the cabinet. The study aims to adopt the most appropriate scenario in order to apply the subsidy lifting plan"...

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29 Jun 2016

Egypt's press union calls for end to 'violations against journalists and media'

The syndicate remarks came on the heels of the deportation of prominent Lebanese ONTV host Liliane Daoud and 'assaults' on journalists covering student protests

Egypt's press syndicate has called for an end to violations"...

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29 Jun 2016

Egypt welcomes lifting Sinai from no-fly zones

Sinai peninsula is no longer in the Notice to Airmen warnings worldwide

Egypt's Civil Aviation Minister Sherif Fathy welcomed on Tuesday the decision issued by International Civil Aviation Organization (ICAO) to lift the Sinai Peninsula from the Notice to Airmen (NOTAM) warnings worldwide.

"...

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29 Jun 2016

Egypt welcomes Turkish PM’€s statements on better relations

Egyptian Foreign Ministry welcomed Turkish Prime Minister Binali Yıldırım's remarks on opening a new phase of relations between Turkey and Egypt.

"€We welcome all efforts on improving the relations between Egypt"...

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29 Jun 2016

Will reviving old parliament bring Egypt-Sudan relations back to life?

CAIRO — The Egyptian Foreign Ministry recently accused the media of exaggerating the dispute between Egypt and Sudan over the Halayeb and Shalateen triangle, arguing that the issue"......

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29 Jun 2016

Will IMF Loan Boost the Egypt ETF?

Egypt's central bank, after raising key interest rates earlier this month, has initiated negotiations with the International Monetary Fund (IMF) for a loan worth more than $5 billion, as per a report by ...

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29 Jun 2016

EIB studies €500 mln financing for Egypt SMEs

The European Investment Bank is studying the provision of €500 million ($553 million) financing to some Egyptian public banks to support the country’s small and medium-sized businesses, an EIB official said Tuesday.

Bruno"...

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