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15 Feb 2017

KnockMart.com launches initiative to partner with retail outlets in Greater Cairo

KnockMart.com, the online supermarket, has launched an initiative to partner with retail stores. The initiative aims for KnockMart to link shops to its electronic network and provides goods at the same prices. This comes to coincide with the state’s plan to support small and medium enterprises (SMEs).

Ahmed"...

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15 Feb 2017

Egypt self-sufficiency in gas production seen in the next two years

Egypt expects to attain self-sufficiency in gas production within the next two years under the programs recently adopted by the government as part of its efforts to pursue reforms and continue development, Egyptian Minister of Petroleum and Mineral Resources Tarek El Molla said at the Egypt"...

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15 Feb 2017

Egypt unpegged its currency to the dollar and what happened next wasn't pretty

On November 3, the Egyptian Central Bank removed all exchange-rate restrictions and raised its benchmark rate by three percentage points. This was done to obtain that all-important $12-billion bailout loan the IMF had provisionally agreed to provide in August, though by November 3, the"...

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15 Feb 2017

Big Oil to Make Massive Investments in Egypt

Eni SpA will start producing from the giant Zohr natural gas field off Egypt’s Mediterranean coast by the end of 2017 and plans to invest $10 billion in the North African country over the next five years, Chief Executive Officer Claudio Descalzi said at a"...

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15 Feb 2017

Breathing new life into Egypt's Nubian heritage

For two consecutive days, Egyptian President Abdel Fattah al-Sisi headed the second round of the National Youth Forum, this time taking place in the southern city of Aswan. The president did not address the decades-old lingering issue of Nubian displacement. While he spoke of making Aswan"...

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15 Feb 2017

Egypt's president discusses regional issues with UN chief

Egyptian president and visiting United Nations chief vowed here Wednesday to continue cooperation and solve regional problems.

President Abdel Fattah al-Sisi held talks with UN Secretary General Antonio Guterres,"...

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15 Feb 2017

Egypt New Capital City’s power plant ‘70% complete’ – official

Construction of the Egyptian new administrative capital city’s first power plant is progressing with construction works now 70 percent complete, according to an official in the Ministry of Electricity.

The"...

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15 Feb 2017

Dubai’s Majid Al Futtaim confirms opening Mall of Egypt project in March

Dubai-based mall operator Majid Al Futtaim confirmed Wednesday that it is planning to inaugurate its Mall of Egypt project on March 2nd.

Mall of Egypt represents a total investment of 6.3 billion Egyptian pounds"...

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15 Feb 2017

Court dismisses claim demanding closure of HRW in Egypt

The Administrative Court dismissed a claim, filed by lawyer Shehata Mohamed Shehata, on Tuesday for the Solidarity Ministry to shutdown the Human Rights Watch headquarters in Egypt and other foreign rights organizations which operate without official permits. The court said the closure of illegal NGOs was the duty of the Interior Ministry not the Solidarity...

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15 Feb 2017

Some Aspects of Egypt Flights Security Remain Problematic - Upper House Speaker

Russian upper house of parliament speaker said that Cairo has improved most security aspects providing for safe Egypt-Russia flights, but Moscow believes that a few details remain problematic.

MOSCOW (Sputnik) "...

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