Zawya.com - Egypt Top Stories http://www.zawya.com/top-stories/rss/egypt/ en-us Copyright 2015 Zawya Ltd. All rights reserved. Mon, 31 Aug 2015 04:36:00 GMT 100 Zawya.com | Middle East Business News and Company Directory 144 76 http://www.zawya.com//top-stories/rss/egypt/ http://www.zawya.com/images/newsletter_zawya_logo.gif Orascom licenced to build Aswan's solar plant http://www.zawya.com/story/Orascom_licenced_to_build_Aswans_solar_plant-ZAWYA20150901043636/ Egypt-based O Capital for Energy, a fully owned by Orascom Telecom, Media & Technology, has obtained a licence and the land plot to build up a 50-megawatt solar plant in Aswan. Tue, 01 Sep 2015 05:22:32 GMT Amwal Alghad ZAWYA20150901043636 Open Bank Audi-Egypt, EIB, EBRD start dollar liquidity talks http://www.zawya.com/story/Bank_AudiEgypt_EIB_EBRD_start_dollar_liquidity_talks-ZAWYA20150901044545/ Bank Audi SAE, the eighth largest commercial bank in Egypt, is in ongoing talks with some European banks to secure dollar liquidity, a senior banking source said. Tue, 01 Sep 2015 05:21:26 GMT Amwal Alghad ZAWYA20150901044545 Open Egypt's Zohr gas re-writes Israel's happy ending http://www.zawya.com/story/Egypts_Zohr_gas_rewrites_Israels_happy_ending-TR20150831nL5N1162T5X2/ Egypt's historic gas discovery threatens to sink Israel's fledgling gas export bonanza, which was counting on deals with Cairo to get it off the ground. Tue, 01 Sep 2015 03:54:27 GMT Reuters TR20150831nL5N1162T5X2 Subscription Saudi drops on oil, Egypt jumps after gas find http://www.zawya.com/story/Saudi_drops_on_oil_Egypt_jumps_after_gas_find-TR20150831nL5N1162ELX2/ Saudi Arabia's bourse dropped on Mon tracking volatile oil prices, while Egypt's stock market jumped after energy major Eni announced a potentially huge natural gas discovery. Mon, 31 Aug 2015 12:06:30 GMT Reuters TR20150831nL5N1162ELX2 Subscription Egypt money supply up 16.5% in July-c.bank http://www.zawya.com/story/Egypt_money_supply_up_165_in_Julycbank-TR20150831nL4N1163PZX2/ Egypt's M2 money supply was up 16.5 % at the end of July from a year earlier, the central bank said. Mon, 31 Aug 2015 11:46:14 GMT Reuters TR20150831nL4N1163PZX2 Subscription Indonesia-Egypt trade exchange records $1.2bn annually http://www.zawya.com/story/IndonesiaEgypt_trade_exchange_records_12bn_annually-ZAWYA20150831061637/ Egypt and Indonesia's trade exchange is estimated at US$1.2 billion annually, according to the head of the Egyptian-Indonesian Business Council. Mon, 31 Aug 2015 09:33:20 GMT Amwal Alghad ZAWYA20150831061637 Open Saudi Arabia, Egypt join regional pull-back http://www.zawya.com/story/Saudi_Arabia_Egypt_join_regional_pullback-TR20150831nL5N1161HYX2/ Stock markets in Saudi Arabia and Egypt fell in early trade on Mon after oil prices dropped and emerging market equities in Asia slipped. Mon, 31 Aug 2015 09:15:54 GMT Reuters TR20150831nL5N1161HYX2 Subscription Egyptian Railways eyes $919m investments http://www.zawya.com/story/Egyptian_Railways_eyes_919m_investments-ZAWYA20150831061617/ The Egyptian National Railways Authority targets attracting investments worth 7.2 billion Egyptian pounds (US$918.8 million) during fiscal year 2015-16, official sources said. Mon, 31 Aug 2015 06:22:37 GMT Amwal Alghad ZAWYA20150831061617 Open Mideast funds more positive on stocks as valuations improve -survey http://www.zawya.com/story/Mideast_funds_more_positive_on_stocks_as_valuations_improve_survey-TR20150831nL5N11605WX3/ Middle East fund managers have turned more positive towards equities in the region after a plunge in markets reduced valuations and oil prices rebounded, a monthly Reuters survey shows. Mon, 31 Aug 2015 05:13:52 GMT Reuters TR20150831nL5N11605WX3 Subscription Egypt's Orascom Construction posts net income of $35.2m in Q2 http://www.zawya.com/story/Egypts_Orascom_Construction_posts_net_income_of_352m_in_Q2-TR20150830nL5N1150L4X3/ Egypt's Orascom Construction OCIC.CA OC.DI said on Sunday it posted net income of $35.2 million in the second quarter of 2015. Mon, 31 Aug 2015 04:09:06 GMT Reuters TR20150830nL5N1150L4X3 Subscription Egypt sets Oct election date, after 3 years without parliament http://www.zawya.com/story/Egypt_sets_Oct_election_date_after_3_years_without_parliament-TR20150830nL5N1150MMX3/ Egypt will hold a long-awaited parliamentary election, starting on Oct. 18-19, the final step in a process to bring back democracy that critics say has been tainted by widespread repression. Mon, 31 Aug 2015 03:07:09 GMT Reuters TR20150830nL5N1150MMX3 Open Egypt summons UK ambassador over criticism of AlJazeera trial http://www.zawya.com/story/Egypt_summons_UK_ambassador_over_criticism_of_AlJazeera_trial-TR20150830nL5N11506OX3/ Egypt's foreign ministry summoned British ambassador over comments he made on Egyptian court's decision to hand down prison sentences for Al Jazeera journalists, state TV reported. Sun, 30 Aug 2015 11:05:10 GMT Reuters TR20150830nL5N11506OX3 Open Industrial Development Bank pumps $2m into micro-finance associations http://www.zawya.com/story/Industrial_Development_Bank_pumps_2m_into_microfinance_associations-ZAWYA20150830050628/ The Industrial Development and Workers Bank of Egypt (IDWBE) has granted 16 million Egyptian pounds (US$2 million) to a micro-finance association, executive board member Hamdi Azzam announced Saturday. Sun, 30 Aug 2015 10:35:13 GMT Amwal Alghad ZAWYA20150830050628 Open Egypt, Jordan to enhance bilateral trade http://www.zawya.com/story/Egypt_Jordan_to_enhance_bilateral_trade-ZAWYA20150830045448/ Egyptian Trade and Industry Minister, Mounir Abdel Nour, pledged that his country would remove impediments to better commercial relations with Jordan, the Amman Chamber of Commerce (ACC) said. Sun, 30 Aug 2015 10:34:18 GMT Jordan News Agency - Petra ZAWYA20150830045448 Open Egypt:Direct foreign investments hit $6bn in 9 months http://www.zawya.com/story/EgyptDirect_foreign_investments_hit_6bn_in_9_months-ZAWYA20150830045657/ The volume of net direct foreign investments in Egypt hits US$5.7 billion in the first nine months of fiscal year 2014-15, General Authority for Investment and Free Zones' (GAFI) CEO Alaa Omar said. Sun, 30 Aug 2015 08:43:13 GMT Amwal Alghad ZAWYA20150830045657 Open Egypt's El-Abd halts works on Libyan housing projects http://www.zawya.com/story/Egypts_ElAbd_halts_works_on_Libyan_housing_projects-ZAWYA20150830050655/ Said Fattouh - Vice-Chairman of the Board of Directors and Managing Director of Technical Affairs at El-Abd - added that the reason behind halting the company's works in Libya was the ongoing security Sun, 30 Aug 2015 07:58:51 GMT Amwal Alghad ZAWYA20150830050655 Open Egypt's real estate sector needs regulation-Beta Egypt http://www.zawya.com/story/Egypts_real_estate_sector_needs_regulationBeta_Egypt-ZAWYA20150830070026/ The Egyptian real estate sector is attracting USD 3.83 billion in investments per year, the chairman of Beta Egypt told Zawya. Sun, 30 Aug 2015 07:02:58 GMT Zawya ZAWYA20150830070026 Open Post-revolution investment initiatives in Egypt http://www.zawya.com/story/Postrevolution_investment_initiatives_in_Egypt-ZAWYA20150830051512/ Egypt has become a magnet for foreign investment. It boasts numerous advantages: a strategic location; low labour costs; and moderate weather and tourism. Sun, 30 Aug 2015 05:31:29 GMT Al Tamimi & Company ZAWYA20150830051512 Open Deported Al-Jazeera journalist: Verdict a blow for Egyptian press freedom http://www.zawya.com/story/Deported_AlJazeera_journalist_Verdict_a_blow_for_Egyptian_press_freedom-ZAWYA20150830034816/ A decision by an Egyptian court to sentence three Al Jazeera TV journalists to three years in prison was politically motivated and aimed at intimidating the press, one of the three, Australian journalist Peter Greste, said on Saturday. Sun, 30 Aug 2015 04:00:46 GMT Reuters ZAWYA20150830034816 Open Egyptian court sentences 3 Al Jazeera journalists to prison http://www.zawya.com/story/Egyptian_court_sentences_3_Al_Jazeera_journalists_to_prison-TR20150829nL5N11405AX3/ An Egyptian court sentenced three Al Jazeera TV journalists to three years in prison on Saturday for operating without a press license and broadcasting material harmful to Egypt. Sun, 30 Aug 2015 03:33:22 GMT Reuters TR20150829nL5N11405AX3 Open Egyptian court sentences 3 Al Jazeera journalists to 3 years in prison http://www.zawya.com/story/Egyptian_court_sentences_3_Al_Jazeera_journalists_to_3_years_in_prison-TR20150829nL5N11405AX2/ An Egyptian court sentenced three Al Jazeera TV journalists to three years in prison on Saturday for operating without a press license and broadcasting material harmful to Egypt, a case that has triggered an international outcry. Sat, 29 Aug 2015 09:20:06 GMT Reuters TR20150829nL5N11405AX2 Open Banks offers USD1.2bn for Egyptian power plants http://www.zawya.com/story/Banks_offers_USD12bn_for_Egyptian_power_plants-ZAWYA20150828065531/ A banking consortium has made an offer worth 10 Egyptian pounds (US$1.2billion) for the Egyptian Electricity Holding Company to fund three power plants, a source with knowledge of the matter said. Fri, 28 Aug 2015 08:11:10 GMT Amwal Alghad ZAWYA20150828065531 Open Italy, Egypt to sign 10 horizontal silos agreement in days http://www.zawya.com/story/Italy_Egypt_to_sign_10_horizontal_silos_agreement_in_days-ZAWYA20150828065659/ Supply and Domestic Trade ministry is to ink an agreement with Italy to build 10 horizontal silos for wheat storage in Egypt within days, Minister Khaled Hanafy said. Fri, 28 Aug 2015 08:09:00 GMT Amwal Alghad ZAWYA20150828065659 Open Egypt to ban rice export as of September 1 http://www.zawya.com/story/Egypt_to_ban_rice_export_as_of_September_1-ZAWYA20150828065636/ The ministry is yet to decide on the duration of the ban, Sayed Abu Qomsan, a deputy for the minister, told Reuters. Fri, 28 Aug 2015 08:07:08 GMT Amwal Alghad ZAWYA20150828065636 Open Saudi stock market surges, petchems climb on oil rebound http://www.zawya.com/story/Saudi_stock_market_surges_petchems_climb_on_oil_rebound-TR20150827nL5N1121XBX2/ Saudi Arabia's stock market rose sharply in heavy turnover during early trade on Thursday as petrochemical shares in particular surged in response to a rebound of global oil prices, to which petrochemical profit margins are linked. Thu, 27 Aug 2015 08:30:57 GMT Reuters TR20150827nL5N1121XBX2 Subscription Russia plans to increase wheat supplies to Egypt http://www.zawya.com/story/Russia_plans_to_increase_wheat_supplies_to_Egypt-TR20150826nR4N0WF01UX3/ Russia plans to increase wheat supplies to Egypt, Russia's President Vladimir Putin said. Wed, 26 Aug 2015 13:50:30 GMT Reuters TR20150826nR4N0WF01UX3 Open France in talks with Egypt over helicopter carriers http://www.zawya.com/story/France_in_talks_with_Egypt_over_helicopter_carriers-TR20150826nL5N111283X2/ France is in talks to sell two Mistral helicopter carriers to Egypt after their sale to Russia was cancelled earlier this month, two sources close to the matter said. Wed, 26 Aug 2015 12:19:24 GMT Reuters TR20150826nL5N111283X2 Subscription Saudi stocks pull back, Egypt stalls http://www.zawya.com/story/Saudi_stocks_pull_back_Egypt_stalls-TR20150826nL5N1111DIX2/ Saudi Arabia's stock market pulled back in early trade on Wednesday as buying in blue chips petered out, while Egypt's market stalled. Wed, 26 Aug 2015 08:30:23 GMT Reuters TR20150826nL5N1111DIX2 Subscription Egypt doubles stake in AfDB's Africa50 Fund to $200m http://www.zawya.com/story/Egypt_doubles_stake_in_AfDBs_Africa50_Fund_to_200m-ZAWYA20150826041158/ Egypt has doubled its commitment to Africa50 Infrastructure Fund to US$200 million, senior banking sources with knowledge of the matter told Amwal Al Ghad. Wed, 26 Aug 2015 06:34:07 GMT Amwal Alghad ZAWYA20150826041158 Open Egyptian Electricity Holding eyes $525m banking finances http://www.zawya.com/story/Egyptian_Electricity_Holding_eyes_525m_banking_finances-ZAWYA20150826041355/ State-run Egyptian Electricity Holding Company (EEHC) is requesting banks to secure a USD 525 million financing. Wed, 26 Aug 2015 06:11:11 GMT Amwal Alghad ZAWYA20150826041355 Open CIB to acquire Citibank's Egypt businesses http://www.zawya.com/story/CIB_to_acquire_Citibanks_Egypt_businesses-ZAWYA20150826042726/ Commercial International Bank (CIB), biggest commercial bank in Egypt, announced Tuesday that it has received the approval of the Central Bank of Egypt to acquire the retail portfolio and cards businesses of Citibank Egypt. Wed, 26 Aug 2015 06:09:20 GMT Amwal Alghad ZAWYA20150826042726 Open Hyundai exports "Made in Russia" cars to Egypt, Lebanon http://www.zawya.com/story/Hyundai_exports_Made_in_Russia_cars_to_Egypt_Lebanon-ZAWYA20150826041124/ Hyundai Motors' factory in St. Petersburg has started production of cars to be exported to the Egyptian and Lebanese markets. Wed, 26 Aug 2015 05:24:37 GMT Amwal Alghad ZAWYA20150826041124 Open NBE-NBAD alliance named financial advisor for Midor's $1.4bn financing http://www.zawya.com/story/NBENBAD_alliance_named_financial_advisor_for_Midors_14bn_financing-ZAWYA20150825042039/ Egypt's state-owned Middle East Oil Refinery (Midor) has selected National Bank of Egypt and National Bank of Abu Dhabi as the financial advisors for a US$1.4-billion financing. Tue, 25 Aug 2015 05:33:07 GMT Amwal Alghad ZAWYA20150825042039 Open Cairo bourse: 135 out of 177 listed firms proven profitable in H1 http://www.zawya.com/story/Cairo_bourse_135_out_of_177_listed_firms_proven_profitable_in_H1-ZAWYA20150825042743/ Around 135 companies listed in Cairo bourse have posted first half profits totalling 14.5 billion Egyptian pounds (US$1.85 billion), the stock market management announced. Tue, 25 Aug 2015 05:26:22 GMT Amwal Alghad ZAWYA20150825042743 Open Egypt to join African Union's CCICT next September http://www.zawya.com/story/Egypt_to_join_African_Unions_CCICT_next_September-ZAWYA20150825042217/ Egyptian communication minister Khaled Negm will join the ministerial session of First ordinary session of the African Union Specialized Technical Committee on Communication and Information Technologies (CCICT) in Ethiopia. Tue, 25 Aug 2015 05:06:56 GMT Amwal Alghad ZAWYA20150825042217 Open Misr Life Insurance: premiums 9% higher in July http://www.zawya.com/story/Misr_Life_Insurance_premiums_9_higher_in_July-ZAWYA20150825042828/ Misr Life Insurance Company has posted a 9 percent y-o-y growth to 203.5 million Egyptian pounds (US$25 million) during July this year, chairman Mohamed Ghazy announced. Tue, 25 Aug 2015 04:54:52 GMT Amwal Alghad ZAWYA20150825042828 Open Rasmala Egypt to launch Banque Du Caire's 5th Fund late 2015 http://www.zawya.com/story/Rasmala_Egypt_to_launch_Banque_Du_Caires_5th_Fund_late_2015-ZAWYA20150825043554/ The leading asset management firm, Rasmala Egypt is to launch a new investment fund for Banque Du Caire before the end of 2015, chairman Ahmed Aboul El-Saad announced. Tue, 25 Aug 2015 04:54:00 GMT Amwal Alghad ZAWYA20150825043554 Open Egypt stocks suffer worst one-day drop since 2013 http://www.zawya.com/story/Egypt_stocks_suffer_worst_oneday_drop_since_2013-ZAWYA20150824025844/ Fears of a China-led global economic slowdown drove Cairo stocks to their steepest one-day drop since December 2013 on Sunday. Mon, 24 Aug 2015 03:30:47 GMT Amwal Alghad ZAWYA20150824025844 Open Egypt launching its first partially-made air-conditioned train http://www.zawya.com/story/Egypt_launching_its_first_partiallymade_airconditioned_train-ZAWYA20150824025836/ A partially locally-made air-conditioned train is to kick off its first trip tomorrow, Monday from Cairo to Alexandria. Mon, 24 Aug 2015 03:28:08 GMT Amwal Alghad ZAWYA20150824025836 Open Egypt's Arab Contractors delivers 'biggest infrastructure project' in Africa in 2017 http://www.zawya.com/story/Egypts_Arab_Contractors_delivers_biggest_infrastructure_project_in_Africa_in_2017-ZAWYA20150824025826/ Egyptian-based firm, Arab Contractors is to deliver one of the largest road projects in Congo within 2017. Mon, 24 Aug 2015 03:26:47 GMT Amwal Alghad ZAWYA20150824025826 Open Egypt lowers top tax rate and suspends capital gains tax http://www.zawya.com/story/Egypt_lowers_top_tax_rate_and_suspends_capital_gains_tax-TR20150823nL5N10Y0MBX2/ Egypt lowered the top tax rate and the threshold for companies and individuals in high income brackets on Sunday and suspended a 10 percent tax on capital gains in an attempt to attract investors and boost the economy. Mon, 24 Aug 2015 03:13:26 GMT Reuters TR20150823nL5N10Y0MBX2 Subscription Egypt's mobile phone exports hit $138.7m in 4 months http://www.zawya.com/story/Egypts_mobile_phone_exports_hit_1387m_in_4_months-ZAWYA20150823025705/ Egypt's exports of mobile phones reached 1.086 billion Egyptian pounds (US$138.7 million) during the period from January to April this year, said the official statistics agency CAPMAS Saturday. Sun, 23 Aug 2015 09:47:23 GMT Amwal Alghad ZAWYA20150823025705 Open Egypt stocks shed $5.2bn in market cap over week http://www.zawya.com/story/Egypt_stocks_shed_52bn_in_market_cap_over_week-ZAWYA20150823025723/ Egypt's stock market encountered weekly heavy losses worth 40.8 billion Egyptian pounds (US$5.2 billion) sparked by Fears of a China-led global economic slowdown in addition to local incidents affecting a number of leading listed firms. Sun, 23 Aug 2015 09:46:03 GMT Amwal Alghad ZAWYA20150823025723 Open SUKUK PIPELINE - Issue plans around the world http://www.zawya.com/story/SUKUK_PIPELINE__Issue_plans_around_the_world-ZAWYA20150823054539/ Following are major Islamic bond issues in the global pipeline. Sun, 23 Aug 2015 05:56:34 GMT Reuters ZAWYA20150823054539 Open Egypt aims to lower unemployment rate by 5% http://www.zawya.com/story/Egypt_aims_to_lower_unemployment_rate_by_5-ZAWYA20150823025709/ Egypt's national strategy for population targets lowering unemployment rate by 5 percent within the upcoming five years; 1% per a year, Population Minister Hala Youssef said. Sun, 23 Aug 2015 05:27:54 GMT Amwal Alghad ZAWYA20150823025709 Open Al Baraka Bank secures $127.8m for Suez Canal projects http://www.zawya.com/story/Al_Baraka_Bank_secures_1278m_for_Suez_Canal_projects-ZAWYA20150823025656/ Al Baraka Bank - Egypt part of the Bahraini Al Baraka Group, plans to pump one billion Egyptian pounds (US$127.8 million) into mega projects in the country, including the development of Suez Canal. Sun, 23 Aug 2015 05:26:40 GMT Amwal Alghad ZAWYA20150823025656 Open Suez development work begins http://www.zawya.com/story/Suez_development_work_begins-ZAWYA20150823041002/ Work on the Suez Canal Area Development Project can start rolling out now that the legal framework has been agreed, Sun, 23 Aug 2015 05:07:49 GMT Al Ahram Weekly ZAWYA20150823041002 Open POLL-Egypt's economic growth accelerating http://www.zawya.com/story/POLLEgypts_economic_growth_accelerating-ZAWYA20150823035740/ Egypt's economic growth rate is set to accelerate to 4.5% in the current fiscal year. Sun, 23 Aug 2015 04:04:23 GMT Reuters ZAWYA20150823035740 Open Egyptian Brotherhood leader handed life prison http://www.zawya.com/story/Egyptian_Brotherhood_leader_handed_life_prison-TR20150822nL5N10X05YX2/ Egyptian Muslim Brotherhood leader Mohamed Badie and several other prominent Islamists were sentenced to life in prison on Saturday for murder and inciting violence. Sun, 23 Aug 2015 03:16:02 GMT Reuters TR20150822nL5N10X05YX2 Open Egypt looking to Jordan for LNG cargoes http://www.zawya.com/story/Egypt_looking_to_Jordan_for_LNG_cargoes-TR20150821nL5N10W100X2/ Egypt is seeking liquefied natural gas (LNG) from Jordan, three traders told Reuters on Friday, as the two neighbours bolster LNG imports following their recent installation of floating storage and regasification units (FSRUs). Fri, 21 Aug 2015 09:52:24 GMT Reuters TR20150821nL5N10W100X2 Subscription AAIB plans divesting property assets worth 9mn Egyptian pounds http://www.zawya.com/story/AAIB_plans_divesting_property_assets_worth_9mn_Egyptian_pounds-ZAWYA20150821054845/ The Arab African International Bank seeks to divest real estate assets at value ranging between 8.5-9 million Egyptian pounds (US$1.1-1.15 million) before the end of 2015, the bank's head of remedial division Ahmed Shawky said. Fri, 21 Aug 2015 07:14:02 GMT Amwal Alghad ZAWYA20150821054845 Open Britain's Aberdeen raises stake in Egypt's Juhayna http://www.zawya.com/story/Britains_Aberdeen_raises_stake_in_Egypts_Juhayna-ZAWYA20150821055133/ Britain-based fund company Aberdeen Asset Management increased its stake in Egyptian dairy producer giant Juhayna to 5.08% from 4.38%. Fri, 21 Aug 2015 07:12:28 GMT Amwal Alghad ZAWYA20150821055133 Open Protocol signed to establish Egypt's Damietta Furniture Zone http://www.zawya.com/story/Protocol_signed_to_establish_Egypts_Damietta_Furniture_Zone-ZAWYA20150821055046/ Ministries of Housing, Investment, and Industry have signed a protocol on cooperation to establish an industrial zone for furniture manufacturing in Daimetta, situated in about 200 kilometres (120 miles) north of Cairo. Fri, 21 Aug 2015 07:09:41 GMT Amwal Alghad ZAWYA20150821055046 Open Egypt Cabinet endorses Siemens' power maintenance contract http://www.zawya.com/story/Egypt_Cabinet_endorses_Siemens_power_maintenance_contract-ZAWYA20150821055110/ Egyptian Cabinet has ratified a 12-year maintenance contract with German industrial giant Siemens for three power plants. Fri, 21 Aug 2015 07:07:39 GMT Amwal Alghad ZAWYA20150821055110 Open South Valley Cement to complete new production line in 2017 http://www.zawya.com/story/South_Valley_Cement_to_complete_new_production_line_in_2017-ZAWYA20150821055229/ Egypt-based South Valley Cement Company (SVCE) plans to complete a new production line by 2017 with investments worth 1.5 billion Egyptian pounds (US$191.6 million), general manager Ahmed Ibrahim said. Fri, 21 Aug 2015 07:05:57 GMT Amwal Alghad ZAWYA20150821055229 Open Orient Takaful Insurance to boost investment portfolio http://www.zawya.com/story/Orient_Takaful_Insurance_to_boost_investment_portfolio-ZAWYA20150821054911/ Orient Takaful Insurance Company-Egypt plans to increase its investment portfolio to EGP 405 million at the end of current fiscal year. Fri, 21 Aug 2015 06:35:45 GMT Amwal Alghad ZAWYA20150821054911 Open Arab Contractors looking at Djibouti potential http://www.zawya.com/story/Arab_Contractors_looking_at_Djibouti_potential-ZAWYA20150821054935/ The company sent a delegation to Djibouti to study the real estate market and business environment. Fri, 21 Aug 2015 06:33:20 GMT Amwal Alghad ZAWYA20150821054935 Open Egypt, Saudi Aramco sign USD1.4 bn oil products deal- minister http://www.zawya.com/story/Egypt_Saudi_Aramco_sign_USD14_bn_oil_products_deal_minister-TR20150820nL5N10V35CX2/ Egypt agreed a three-month oil products deal worth USD1.4 billion with Saudi Arabia's state-owned Aramco to begin in September, the oil minister told Reuters. Thu, 20 Aug 2015 13:12:38 GMT Reuters TR20150820nL5N10V35CX2 Subscription Juhayna's chairman barred from trading on Cairo bourse http://www.zawya.com/story/Juhaynas_chairman_barred_from_trading_on_Cairo_bourse-TR20150820nL5N10V2QDX2/ Chairman of Juhayna, Egypt's largest dairy products and juices producer, has been barred from trading on Cairo bourse and his shares have been frozen, two sources told Reuters. Thu, 20 Aug 2015 13:03:46 GMT Reuters TR20150820nL5N10V2QDX2 Open Palestinian Hamas militants abducted in Egypt http://www.zawya.com/story/Palestinian_Hamas_militants_abducted_in_Egypt-TR20150820nL5N10V2T2X2/ Four members of Hamas' armed wing were abducted in Egypt's Sinai Peninsula after bus they were on was stopped by unidentified gunmen, sources said. Thu, 20 Aug 2015 13:00:49 GMT Reuters TR20150820nL5N10V2T2X2 Open French, Egyptian rescued as boat sinks in Red Sea http://www.zawya.com/story/French_Egyptian_rescued_as_boat_sinks_in_Red_Sea-TR20150820nL3N10V3V5X2/ Twenty-six French tourists and 10 Egyptians were rescued on Thurs after a boat transporting them hit coral reefs and sank off the Red Sea coast, security sources said. Thu, 20 Aug 2015 10:56:05 GMT Reuters TR20150820nL3N10V3V5X2 Open Aberdeen increases stake in Egypt's Juhayna http://www.zawya.com/story/Aberdeen_increases_stake_in_Egypts_Juhayna-TR20150820nL5N10V24TX2/ Aberdeen Asset Management increased its stake in Egyptian food firm Juhayna to 5.08% from 4.38%, the Britain-based fund company said in statement to Cairo bourse. Thu, 20 Aug 2015 10:07:20 GMT Reuters TR20150820nL5N10V24TX2 Subscription Egypt to lower top tax rate and threshold, freeze capital gains tax http://www.zawya.com/story/Egypt_to_lower_top_tax_rate_and_threshold_freeze_capital_gains_tax-ZAWYA20150820085928/ Egypt will lower the top tax rate and threshold for companies and individuals in high income brackets and freeze a 10 percent tax on capital gains within two weeks, the finance minister has said. Thu, 20 Aug 2015 09:04:34 GMT Reuters ZAWYA20150820085928 Open Kuwait's Al Ahli gets nod to buy Piraeus unit http://www.zawya.com/story/Kuwaits_Al_Ahli_gets_nod_to_buy_Piraeus_unit-TR20150820nL5N10V1QPX2/ Kuwait's Al Ahli Bank received approval from the Egyptian Financial Supervisory Authority (EFSA) to acquire a controlling stake in Piraeus Bank's Egypt unit, it said. Thu, 20 Aug 2015 08:18:38 GMT Reuters TR20150820nL5N10V1QPX2 Subscription Egyptian Takaful eyes stake in a new carbon black company http://www.zawya.com/story/Egyptian_Takaful_eyes_stake_in_a_new_carbon_black_company-ZAWYA20150820043455/ The Egyptian Takaful Insurance Company - Non-life is studying a contribution in the capital of an under-construction carbon black company in Alexandria, the insurer official said. Thu, 20 Aug 2015 05:29:52 GMT Amwal Alghad ZAWYA20150820043455 Open Six wounded in Cairo blast http://www.zawya.com/story/Six_wounded_in_Cairo_blast-VIDTR_20082015043256266/ At least 6 people were wounded when a car bomb exploded near a courthouse in a Cairo suburb. Thu, 20 Aug 2015 05:03:12 GMT Reuters Videos VIDTR_20082015043256266 Open Explosion in Cairo may have caused casualties http://www.zawya.com/story/Explosion_in_Cairo_may_have_caused_casualties-TR20150820nL5N10V00PX2/ An explosion was heard near a state security building and courthouse in Cairo and may have caused casualties, Egyptian security sources said. Thu, 20 Aug 2015 04:52:20 GMT Reuters TR20150820nL5N10V00PX2 Open Dubai's Arabtec denies withdrawing from Egypt housing project http://www.zawya.com/story/Dubais_Arabtec_denies_withdrawing_from_Egypt_housing_project-TR20150820nL5N10V086X2/ Dubai-listed builder Arabtec issued a statement on Thursday denying a media report that it was withdrawing from a planned project to build one million homes in Egypt. Thu, 20 Aug 2015 04:38:29 GMT Reuters TR20150820nL5N10V086X2 Subscription Libyan guards at main crossing to Egypt stop working http://www.zawya.com/story/Libyan_guards_at_main_crossing_to_Egypt_stop_working-TR20150819nL5N10U3PAX2/ Libya's regular border security guards have stopped working at the main border crossing to Egypt, officials said on Wednesday, a further breakdown of state authority. Thu, 20 Aug 2015 04:18:38 GMT Reuters TR20150819nL5N10U3PAX2 Open Egypt to issue EUR600m 1-yr T-bill http://www.zawya.com/story/Egypt_to_issue_EUR600m_1yr_Tbill-TR20150819nL5N10U26DX3/ Egypt will issue a 1-year treasury bill worth EUR600 million to local and foreign financial institutions on Aug. 25, the central bank said in a statement. Wed, 19 Aug 2015 11:37:53 GMT Reuters TR20150819nL5N10U26DX3 Subscription Egypt: Oriental Weavers denies monopoly practices http://www.zawya.com/story/Egypt_Oriental_Weavers_denies_monopoly_practices-TR20150819nL3N10U2Z6X2/ Oriental Weavers, world's biggest machine-woven carpet maker, said it was not engaging in monopolistic practices, a day after Egypt's watchdog accused co of anti-competitive behavior. Wed, 19 Aug 2015 09:56:51 GMT Reuters TR20150819nL3N10U2Z6X2 Open Egypt's Oriental Weavers accused of 'monopolistic practices' http://www.zawya.com/story/Egypts_Oriental_Weavers_accused_of_monopolistic_practices-ZAWYA20150819042328/ The watchdog, the Egyptian Competition Authority (ETA) attributed its decision to refer the company to the public production saying Oriental Weavers had agreed with several distributors not to Wed, 19 Aug 2015 07:04:17 GMT Amwal Alghad ZAWYA20150819042328 Open Dubai-based VSUN Mobility makes Egypt foray http://www.zawya.com/story/Dubaibased_VSUN_Mobility_makes_Egypt_foray-GN_18082015_190814/ The Dubai-headquartered smartphone maker VSUN Mobility has launched full-fledged operations in Egypt and appointing International Business Systems (IBS) as exclusive partner. Wed, 19 Aug 2015 03:47:38 GMT Gulf News GN_18082015_190814 Open Egypt detains Hamas official at Cairo airport http://www.zawya.com/story/Egypt_detains_Hamas_official_at_Cairo_airport-TR20150818nL5N10T3NTX2/ Egypt detained a senior Hamas official at Cairo International Airport, security sources said on Tuesday, a day after it reopened the Rafah border crossing to allow Palestinians to travel in and out of the Gaza Strip. Wed, 19 Aug 2015 03:38:57 GMT Reuters TR20150818nL5N10T3NTX2 Open Saudi, Egypt fall as US oil hits fresh 6-1/2-year low http://www.zawya.com/story/Saudi_Egypt_fall_as_US_oil_hits_fresh_612year_low-TR20150818nL5N10T1DYX2/ Bourses in Saudi Arabia and Egypt fell in early trade on Tuesday after oil prices extended losses, dampening the mood across the Middle East. Tue, 18 Aug 2015 09:30:40 GMT Reuters TR20150818nL5N10T1DYX2 Subscription Misr Insurance wins power contracts worth multi-billion Egyptian pounds http://www.zawya.com/story/Misr_Insurance_wins_power_contracts_worth_multibillion_Egyptian_pounds-ZAWYA20150818035630/ The leading insurer in MENA region, Misr Insurance Company has been awarded new contracts to insure two power plants in Egypt. Tue, 18 Aug 2015 05:21:04 GMT Amwal Alghad ZAWYA20150818035630 Open Arab Contractors executing projects in Algeria http://www.zawya.com/story/Arab_Contractors_executing_projects_in_Algeria-ZAWYA20150818035919/ Egyptian leading construction firm, Arab Contractors is currently carrying out a group of giant housing and industrial projects in Algeria, chairman Mohsen Salah said. Tue, 18 Aug 2015 05:06:30 GMT Amwal Alghad ZAWYA20150818035919 Open Industrial Development grants approvals for 61 projects to expand http://www.zawya.com/story/Industrial_Development_grants_approvals_for_61_projects_to_expand-ZAWYA20150818041022/ Industrial Development Authority (IDA) has granted approvals for 61 projects to expand inside and outside the industrial zones in July 2015, Trade Minister Monir Fakhry Abd El Nour said. Tue, 18 Aug 2015 05:04:54 GMT Amwal Alghad ZAWYA20150818041022 Open Faisal Islamic Bank in talks to finance medium-class housing units http://www.zawya.com/story/Faisal_Islamic_Bank_in_talks_to_finance_mediumclass_housing_units-ZAWYA20150818035815/ Faisal Islamic Bank of Egypt is currently negotiating with four real estate investment firms to take part in the central bank's social housing initiative, Product Manager-Mortgage Unit Mahmoud Idris said. Tue, 18 Aug 2015 04:50:23 GMT Amwal Alghad ZAWYA20150818035815 Open Kellogg buys stake in Egyptian biscuit maker http://www.zawya.com/story/Kellogg_buys_stake_in_Egyptian_biscuit_maker-ZAWYA20150818040715/ The US Kellogg's grip on Egypt-based biscuit maker Bisco Misr has become firmer after buying Misr Insurance Company's 3.84 percent stake in the Egyptian company. Tue, 18 Aug 2015 04:16:42 GMT Amwal Alghad ZAWYA20150818040715 Open Markets fall but Dubai, Egypt hold above chart support http://www.zawya.com/story/Markets_fall_but_Dubai_Egypt_hold_above_chart_support-TR20150817nL5N10S26PX2/ Most Middle East stock markets fell on Mon as oil prices remained weak, but some shares in Dubai, Saudi Arabia and Egypt rebounded after steep drops in previous session. Mon, 17 Aug 2015 13:42:46 GMT Reuters TR20150817nL5N10S26PX2 Subscription Egypt's Sisi approves anti-terrorism law http://www.zawya.com/story/Egypts_Sisi_approves_antiterrorism_law-TR20150817nL5N10S13FX3/ Egyptian President Abdel Fattah al-Sisi approved an anti-terrorism law that sets up special courts. Mon, 17 Aug 2015 11:24:17 GMT Reuters TR20150817nL5N10S13FX3 Open Egyptian unemployment eases to 12.7% in Q2 http://www.zawya.com/story/Egyptian_unemployment_eases_to_127_in_Q2-TR20150817nL3N10S31MX2/ Egypt's unemployment rate edged down to 12.7% in the second quarter of 2015, from 12.8% in the first quarter. Mon, 17 Aug 2015 10:06:19 GMT Reuters TR20150817nL3N10S31MX2 Open Saudi Arabia, Egypt extend losses on oil, currency worries http://www.zawya.com/story/Saudi_Arabia_Egypt_extend_losses_on_oil_currency_worries-TR20150817nL5N10S16AX2/ Stock markets in Saudi Arabia and Egypt extended losses in early trade on Mon, with Riyadh bourse trading below technical support following a fresh drop of oil prices. Mon, 17 Aug 2015 09:44:54 GMT Reuters TR20150817nL5N10S16AX2 Subscription Egypt's Arab Contractors inks three new projects in Africa http://www.zawya.com/story/Egypts_Arab_Contractors_inks_three_new_projects_in_Africa-ZAWYA20150817045223/ Egyptian-based leading Arab Contractors has recently signed new contracts to carry out three giant projects in Africa, official announced. Mon, 17 Aug 2015 07:03:44 GMT Amwal Alghad ZAWYA20150817045223 Open Egypt seeks 50% Internet penetration by end-2016 http://www.zawya.com/story/Egypt_seeks_50_Internet_penetration_by_end2016-ZAWYA20150817060210/ Egypt is looking to add 500,000 new Internet users by the end of 2015 and increase its internet penetration rate to 50 percent from 34 percent by the end of 2016, communication minister said. Mon, 17 Aug 2015 06:05:45 GMT Reuters ZAWYA20150817060210 Open Egyptian stocks lose USD1.3bn amid Juhayna CEO's assets freeze http://www.zawya.com/story/Egyptian_stocks_lose_USD13bn_amid_Juhayna_CEOs_assets_freeze-ZAWYA20150817045719/ The Egyptian stocks have incurred losses worth EGP 10.6 billion (US$1.3 billion) Sunday amid freezing the assets of Juhayna food Industries' CEO Safwan Thabet. Mon, 17 Aug 2015 05:02:13 GMT Amwal Alghad ZAWYA20150817045719 Open Egypt drops, tracking weak Gulf http://www.zawya.com/story/Egypt_drops_tracking_weak_Gulf-TR20150816nL5N10R0CYX2/ Egypt's main stock index dropped on Sunday, tracking markets in the Gulf states which are the country's main financial donors. Sun, 16 Aug 2015 13:05:33 GMT Reuters TR20150816nL5N10R0CYX2 Subscription Egypt's Orascom Construction back in profit in 2014 http://www.zawya.com/story/Egypts_Orascom_Construction_back_in_profit_in_2014-TR20150816nC6N0ZT00YX3/ Egypt's Orascom Construction Industries said it made a net profit in 2014 of EGP4.6 billion (USD588 million), having made a loss in 2013 of EGP1.4 billion. Sun, 16 Aug 2015 10:49:26 GMT Reuters TR20150816nC6N0ZT00YX3 Subscription 374 ships cross Egypt's old and new Suez Canal in a week http://www.zawya.com/story/374_ships_cross_Egypts_old_and_new_Suez_Canal_in_a_week-ZAWYA20150816045331/ Following the inauguration of the new Suez Canal, the Egyptian waterway has witnessed the crossing of 374 ships in seven days. Sun, 16 Aug 2015 10:44:54 GMT Amwal Alghad ZAWYA20150816045331 Open Markets in Saudi Arabia, Egypt edge down http://www.zawya.com/story/Markets_in_Saudi_Arabia_Egypt_edge_down-TR20150816nL5N10R05XX2/ Stock markets in Saudi Arabia and Egypt fell in early trade on Sun as negative news weighed on some stocks and investor sentiment across the region was gloomy. Sun, 16 Aug 2015 09:56:41 GMT Reuters TR20150816nL5N10R05XX2 Subscription Egypt's Mursi appeals death sentence http://www.zawya.com/story/Egypts_Mursi_appeals_death_sentence-TR20150815nL3N10Q05HX2/ The court-appointed legal team representing deposed Egyptian president Mohamed Mursi filed an appeal on Saturday at the country's highest court challenging sentences of life imprisonment and death handed down in June. Sun, 16 Aug 2015 08:00:20 GMT Reuters TR20150815nL3N10Q05HX2 Open Egyptian dairy giant's owner to challenge asset seizure move http://www.zawya.com/story/Egyptian_dairy_giants_owner_to_challenge_asset_seizure_move-ZAWYA20150815050817/ Businessman and owner of Egypt's largest dairy producer Juhayna, Safwan Thabet said he would appeal against the decision of seizing his assets. Sat, 15 Aug 2015 05:42:51 GMT Amwal Alghad ZAWYA20150815050817 Open Sisi endorses Japan's $46m loan for water project http://www.zawya.com/story/Sisi_endorses_Japans_46m_loan_for_water_project-ZAWYA20150814065404/ President Abdel Fattah al-Sisi approved Thursday a loan worth 5.854 billion yen (USD 46.5million) provided by Japan to the Egyptian government to establish new aqueduct project in Dairut city. Fri, 14 Aug 2015 07:59:01 GMT Amwal Alghad ZAWYA20150814065404 Open Kuwait's Wethaq Takaful divests Egyptian unit http://www.zawya.com/story/Kuwaits_Wethaq_Takaful_divests_Egyptian_unit-ZAWYA20150814065014/ Kuwait-based Wethaq Takaful Insurance Company announced it intends to sell its stake in the Egyptian unit, Wethaq Takaful Egypt for KWD1.3 million (US$4.3 million). Fri, 14 Aug 2015 07:57:30 GMT Amwal Alghad ZAWYA20150814065014 Open Egypt police colonel gets 5 years jail at re-trial http://www.zawya.com/story/Egypt_police_colonel_gets_5_years_jail_at_retrial-TR20150813nL5N10O3HOX2/ An Egyptian police colonel was sentenced to a reduced five years in jail on Thursday in a re-trial over the deaths of 37 Islamist prisoners being transported to jail in an overcrowded van, lawyers and judicial sources said. Fri, 14 Aug 2015 05:31:29 GMT Reuters TR20150813nL5N10O3HOX2 Open Egyptian military plane crashes near Libya, 4 dead http://www.zawya.com/story/Egyptian_military_plane_crashes_near_Libya_4_dead-TR20150813nL5N10O4WXX2/ An Egyptian military aircraft crashed near the Libyan border while on a mission against Islamist militants on Thursday, killing four people and injuring another two, the military said. Fri, 14 Aug 2015 05:14:21 GMT Reuters TR20150813nL5N10O4WXX2 Open Egypt could freeze Juhayna chairman's shares on alleged Brotherhood links http://www.zawya.com/story/Egypt_could_freeze_Juhayna_chairmans_shares_on_alleged_Brotherhood_links-TR20150813nL5N10O469X2/ Egypt's stock exchange will freeze the shares in Juhayna owned by its chairman Safwan Thabet because of his alleged links to the banned Muslim Brotherhood, once an official request is received, state media said. Fri, 14 Aug 2015 04:35:25 GMT Reuters TR20150813nL5N10O469X2 Subscription Gulf markets slip on oil price concerns, Q2 results http://www.zawya.com/story/Gulf_markets_slip_on_oil_price_concerns_Q2_results-TR20150813nL5N10O3FMX2/ Most Middle East stock markets edged down as a brief rebound in oil prices failed to improve investor sentiment and series of disappointing earnings dragged down bourses in UAE. Thu, 13 Aug 2015 13:26:39 GMT Reuters TR20150813nL5N10O3FMX2 Subscription Egypt's Amer Group Q2 net profit plunges 98% http://www.zawya.com/story/Egypts_Amer_Group_Q2_net_profit_plunges_98-TR20150813nL5N10O2BYX2/ Egypt's Amer Group reported a sharp fall in second quarter net profit to EGP856,763 (USD109,490). Thu, 13 Aug 2015 10:18:05 GMT Reuters TR20150813nL5N10O2BYX2 Subscription