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25 Apr 2017

Mobily holds back Saudi index as Dubai drops and Egypt stabilises

Saudi Arabian telecoms company Mobily slumped after worse than expected results on Monday, but the market was buoyed by stronger quarterly earnings from the insurance sector, while performance across the rest of the region was mixed.

Shares of Etihad Etisalat (Mobily) tumbled"...

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25 Apr 2017

Ministry starting operations of 5 tanneries end of May

Minister of Trade and Industry Tarek Kabil announced the completion of processing the first batch of tanneries of the Al Robeiki Leather City project in Badr City, stating that they have been provided with machines and equipment for the start of operations.

Kabil"...

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25 Apr 2017

Trade ministry to create logistics hub in West Africa

Ministry of trade and industry considers establishing logistics hubs for Egyptian products in West African states during the current year to ensure continuous supply to many agents and importers in these countries.

The ministry is currently differentiating between Côte"...

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25 Apr 2017

⁠⁠⁠⁠SFD, Hermes Leasing sign EGP 20m contract to finance small enterprises

Secretary general of the Social Fund for Development (SFD) Niveen Gamea; Ahmed El-Kholy, CEO and managing director of EFG Hermes Leasing; and Talal Hamza, head of the finance department at Hermes Leasing, signed a contract for the development of new and existing small enterprises through"...

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25 Apr 2017

Badr El Din inaugurates mall in District 16 of Sheikh Zayed

Badr El Din Real Estate Projects inaugurated Thursday the first phase of its MAZAR Mall project in District 16 of Sheikh Zayed on an area of 20,000 square metres with investments of EGP 200m.

Chairperson of the company"...

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25 Apr 2017

King Salman, Egyptian president hold talks

Egypt’s President Abdel Fattah El-Sisi, who arrived here Sunday on an official visit, held talks with King Salman on various aspects of bilateral cooperation and the latest regional developments.
Upon arrival, El-Sisi was received by the monarch at King Salman Air Base, from"...

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25 Apr 2017

China, Egypt eye Belt and Road cooperation

China and Egypt on Monday voiced their willingness to enhance cooperation under the framework of the Road and Belt Initiative.

The latest development came as Chinese Foreign Minister Wang Yi met with his Egyptian"...

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25 Apr 2017

Egypt's tourism officials insist popular sites are safe

Egypt's tourism levels are still around a third of what they once were and, despite security concerns, Egypt's tourism minister on Monday insisted the country's popular Red Sea resorts and Ancient Egyptian sites are a safe choice for travelers.

'We"...

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25 Apr 2017

Promoting U.S.-Egypt Collaboration in Science and Technology

Meeting in Cairo April 23-24, the Board of Directors of the U.S.-Egypt Science and Technology Joint Fund continued a long tradition of U.S.-Egypt cooperation on high-impact research between Egyptian and American scientists by approving 15 joint projects in the fields of agriculture, energy,"...

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25 Apr 2017

EFACC: March saw highest rates of child abuse in Egypt in 5 years

The Egyptian Foundation for Advancement of the Childhood Condition (EFACC) revealed in its monthly report that March 2017 saw the highest rates of child abuse in Egypt over the last five years. In March alone, at least 1,121 children were subjected to several forms abuse including murder,"...

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