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27 Jul 2014

Egypt, Turkey trade insults over Gaza

Egypt warned Ankara Saturday of “further action” as it protested for the second time in a week at the Turkish premier criticizing its president and Cairo’s handling of the Gaza conflict.


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27 Jul 2014

Egypt’s Least Bad Option for Addressing Energy Troubles

A proposed deal to export Israeli natural gas through Egypt has the potential to enable Israel’s entry into its first major export markets, help Egypt escape a deepening energy crisis, and welcome the first European players into Israel’s natural gas industry. However, the deal"...

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27 Jul 2014

Court to consider placing Pharmacists Syndicate under judicial guardianship Saturday

Cairo Court for Urgent Matters will consider on Saturday an appeal filed by the Syndicate of Pharmacists against imposing judicial guardianship on the syndicate. The court set 23 September to consider the appeal, but the defense asked to shorten the period between the two hearings making it on 14 July. The syndicate said in a statement last Monday that the defense...

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27 Jul 2014

Vodafone Egypt investing $1.3bn on network upgrade

Vodafone Egypt is expected to invest a figure of LE9.5 billion ($1.3 billion) in order to improve its network.


According to the recently appointed Chief Executive, Ahmed Essam: “The investment shall be financed from an existing fund of Vodafone Egypt, which is owned by Vodafone UK and Telecom Egypt.”

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27 Jul 2014

Celebrate EID with Hollywood Attractions at Arabian Center & Lamcy Plaza

Arabian Center and Lamcy Plaza are pulling out all the stops to double the entertainment attractions for their customers during Eid Al Fitr celebrations.

This festive holiday kids and adults can meet their favorite"...

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27 Jul 2014

DFRE and DSMG announce ‘Eid in Dubai’ offering prizes up to AED 4 million

  • “Summer is Dubai” comes to a close with malls recording a significant growth in sales
  • Second phase of the campaign will kick on July 15th featuring ‘Eid in Dubai’ and ‘Dubai Summer Surprises’
  • Prizes worth AED 4 MILLION in Cash and Shopping Vouchers to be won

The"...

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27 Jul 2014

National Ambulance Prepared to Face Emergencies during Eid

The National Ambulance Company said that it is prepared for any emergency across the Northern Emirates during the Eid Al Fitr holiday. Medical personnel and ambulances are equipped with the tools and medical devices needed in order for the company to provide services to the public and reduce"...

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27 Jul 2014

High occupancy in Red Sea and South Sinai pre-Eid Al-Fitr: Hotels Chamber


Hotel occupancies in the Red Sea and South Sinai rose to 70% and 50% respectively as domestic tourists arrived for Eid Al-Fitr, said Hany Al-Shaer, the Chamber of Hotels’ Deputy Chairman.


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27 Jul 2014

7 banks raise interest rates on deposits after Central Bank decision


Seven banks have raised prices on returns, in a weak response to the Central Bank of Egypt’s (CBE) decision to raise various rates on deposits and lending.


A recent CBE decision saw an increase in the benchmark overnight"......

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27 Jul 2014

Sisi's bold start on reforms buys Egypt some time

Egypt's new president Abdel Fattah Al-Sisi has made a head start on tackling the country's economic problems, managing to introduce long-awaited subsidy reform without stirring popular unrest.

Sisi's government, formed in June, announced this month it was raising prices of heavily subsidised energy products by up to 78 percent and slapped new taxes...

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