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05 May 2016

Egypt’s foreign exchange reserves gain $450m in April: CBE

The Central Bank of Egypt (CBE) revealed Wednesday that Egypt’s net international reserves increased by approximately $450m in April 2016.

It explained in a statement on its website that the reserves increased to $17.011bn in April, compared to approximately $16.561bn in March.

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05 May 2016

Domestic investors pour money into Egypt’s property market

The Mamdouh family regularly takes trips around Greater Cairo in search of residential property to buy. In recent years, they have snapped up two apartments and they are now building a villa.


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05 May 2016

Soft Power: China backs Egypt’s new $45 bln capital

When President Abdel Fattah Al Sisi announced an ambitious plan to build a new administrative and business capital for Egypt on 270 square miles of desert land, many were understandably skeptical about the $45 billion project.


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05 May 2016

Egypt Hopes for Hotel Market Revival

Egyptian government dignitaries and local celebrities last November gathered on the banks of the Nile for the opening of Egypt’s only Ritz-Carlton hotel complete with a lavish dinner and traditional dancers.


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05 May 2016

Egypt scores one of MENA regions highest bribery rates in 2015: Transparency International

Among Middle East and North African countries, Egypt had one of the highest rates of bribery in its public services sector in the past year, though it also received the highest positive anti-corruption ratings, Transparency International said in a report published on Tuesday.

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05 May 2016

Luxembourg Government and Deep Space Industries Sign MoU

The Luxembourg Government, the public-law banking institution “Société Nationale de Crédit et d’Investissement” (SNCI) and the Silicon Valley-based asteroid mining company ...

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05 May 2016

Police Confiscate 10 kilos of Hashish Concealed in Coffee Bags on a Farm in Abu Dhabi

Abu Dhabi Police arrested four young people (two Gulf and two Asian Nationals) and confiscated 10 kilograms of hashish found concealed in coffee bags hidden on a farm in Abu Dhabi..


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05 May 2016

Sloan Introduces TruFlush Flushometer for Global Markets

Sloan, the world’s leading manufacturer of commercial plumbing systems, has added to its product line a new flushometer specifically designed to address the needs of a number of global markets, including"......

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