Zawya.com - Egypt Top Stories http://www.zawya.com/top-stories/rss/egypt/ en-us Copyright 2015 Zawya Ltd. All rights reserved. Wed, 27 May 2015 11:39:38 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 Bisco Misr announces delisting from Egyptian exchange http://www.zawya.com/story/Bisco_Misr_announces_delisting_from_Egyptian_exchange-TR20150527nL5N0YI1O8X2/ Board of Egyptian biscuit maker Bisco Misr has approved a voluntary delisting from the Egyptian stock exchange as requested by controlling shareholder U.S. company Kellogg, the company said Wed, 27 May 2015 11:48:32 GMT Reuters TR20150527nL5N0YI1O8X2 Open Telecom Egypt board to replace chairman, CEO http://www.zawya.com/story/Telecom_Egypt_board_to_replace_chairman_CEO-TR20150527nL5N0YI2C2X2/ Telecom Egypt new board will meet on Wednesday to choose a new chairman and chief executive officer, it added. Wed, 27 May 2015 11:06:34 GMT Reuters TR20150527nL5N0YI2C2X2 Open Qatar drops on FIFA World Cup probe, arrests http://www.zawya.com/story/Qatar_drops_on_FIFA_World_Cup_probe_arrests-TR20150527nL5N0YI1X8X2/ Qatar's stock market fell sharply on Wednesday after Swiss authorities opened criminal proceedings related to the award of rights to host the 2018 and 2022 soccer World Cups. Wed, 27 May 2015 10:06:41 GMT Reuters TR20150527nL5N0YI1X8X2 Subscription UAE hands over public buses to Egypt http://www.zawya.com/story/UAE_hands_over_public_buses_to_Egypt-WAM20150526161043793/ UAE delivered 200 buses to Egypt, second installment in 600 buses donation to public transport authority in Cairo, said Coordination Office of UAE-funded development projects in Egypt. Wed, 27 May 2015 09:17:09 GMT WAM (Emirates News Agency) WAM20150526161043793 Open Weaker oil, global equities may weigh on Gulf http://www.zawya.com/story/Weaker_oil_global_equities_may_weigh_on_Gulf-TR20150527nL5N0YI09TX2/ Gulf stock markets may come under pressure on Wednesday after Brent oil prices dropped below $64 per barrel and global equities fell. Wed, 27 May 2015 05:23:32 GMT Reuters TR20150527nL5N0YI09TX2 Subscription Gulf moves little but Saudi's Ma'aden surges to record http://www.zawya.com/story/Gulf_moves_little_but_Saudis_Maaden_surges_to_record-TR20150526nL5N0YH2FYX2/ Shares in Saudi Arabian Mining Co (Ma'aden) helped lift Riyadh bourse as they surged to a record high, while other Gulf markets barely moved and profit-taking continued in Egypt. Tue, 26 May 2015 14:02:23 GMT Reuters TR20150526nL5N0YH2FYX2 Subscription Egypt opens Rafah to let stranded Palestinians return to Gaza http://www.zawya.com/story/Egypt_opens_Rafah_to_let_stranded_Palestinians_return_to_Gaza-TR20150526nL5N0YH1LSX2/ Egyptian authorities opened the Rafah crossing, for first time in nearly 80 days, to allow stranded Palestinians to return to the Gaza Strip, witnesses and officials said. Tue, 26 May 2015 11:40:32 GMT Reuters TR20150526nL5N0YH1LSX2 Open Egypt extends Mediterranean gas exploration tender by two months http://www.zawya.com/story/Egypt_extends_Mediterranean_gas_exploration_tender_by_two_months-TR20150526nL5N0YH0XOX2/ Egypt has extended its tender for natural gas exploration in the Mediterranean Sea by two months with the addition of four new blocks, the state gas board said. Tue, 26 May 2015 08:21:01 GMT Reuters TR20150526nL5N0YH0XOX2 Open Siemens to build wind turbines blades factory in Egypt with USD100m soon http://www.zawya.com/story/Siemens_to_build_wind_turbines_blades_factory_in_Egypt_with_USD100m_soon-ZAWYA20150526052020/ Egypt's state-owned New and Renewable Energy Authority plans to start construction works on the country's first factory to produce wind turbine blades soon. Tue, 26 May 2015 07:20:11 GMT Amwal Alghad ZAWYA20150526052020 Open Orascom TMT: Waste-to-Energy can save Egypt USD500m annually http://www.zawya.com/story/Orascom_TMT_WastetoEnergy_can_save_Egypt_USD500m_annually-ZAWYA20150526052105/ Generating electricity from recycling agricultural and environmental wastes can save up to USD 500 million dedicated to import coal annually in Egypt. Tue, 26 May 2015 07:17:27 GMT Amwal Alghad ZAWYA20150526052105 Open Abraj Misr launches 'The Shore' project in Egypt http://www.zawya.com/story/Abraj_Misr_launches_The_Shore_project_in_Egypt-ZAWYA20150526052311/ Egypt-based real estate developer, Abraj Misr announced the start of a new project, 'The Shore', with investment cost estimated at 1.5 billion Egyptian pounds. Tue, 26 May 2015 07:16:14 GMT Amwal Alghad ZAWYA20150526052311 Open Gulf may consolidate further on steady oil prices http://www.zawya.com/story/Gulf_may_consolidate_further_on_steady_oil_prices-TR20150526nL5N0YH078X2/ Gulf stock markets may continue treading water as oil prices are steady and corporate news flow has been thin. Tue, 26 May 2015 06:00:27 GMT Reuters TR20150526nL5N0YH078X2 Subscription Gulf markets little moved, Saudi's Ma'aden surges; Egypt slips http://www.zawya.com/story/Gulf_markets_little_moved_Saudis_Maaden_surges_Egypt_slips-TR20150525nL5N0YG1FHX2/ Gulf stock markets were narrowly mixed on Monday as oil prices moved very little and bourses were shut for public holidays in the United States and much of Europe. Mon, 25 May 2015 14:05:12 GMT Reuters TR20150525nL5N0YG1FHX2 Subscription Egyptian developer Palm Hills raises USD212m in share issue http://www.zawya.com/story/Egyptian_developer_Palm_Hills_raises_USD212m_in_share_issue-TR20150525nL5N0YG174X3/ Palm Hills, Egypt's second-biggest listed property developer, said on Monday it had completed a EGP1.62 billion (USD213 million) share sale to fund growth. Mon, 25 May 2015 10:29:40 GMT Reuters TR20150525nL5N0YG174X3 Subscription Abu Dhabi's Gulf Capital eyes four deals in Egypt http://www.zawya.com/story/Abu_Dhabis_Gulf_Capital_eyes_four_deals_in_Egypt-TR20150525nL5N0YG110X5/ Abu Dhabi's Gulf Capital is considering four deals in Egypt in healthcare, oil and gas, petrochemicals and consumer goods, the firm's chief executive said. Mon, 25 May 2015 09:52:00 GMT Reuters TR20150525nL5N0YG110X5 Subscription Saudi Arabia edges up on Ma'aden; Egypt slips http://www.zawya.com/story/Saudi_Arabia_edges_up_on_Maaden_Egypt_slips-TR20150525nL5N0YG10BX2/ Saudi Arabian Mining Co (Ma'aden) lifted the kingdom's bourse in early trade, while Egypt's market slipped after a rally but stayed well above a technical support level. Mon, 25 May 2015 09:29:00 GMT Reuters TR20150525nL5N0YG10BX2 Subscription Egypt denies Arabtec project to build million homes stalled http://www.zawya.com/story/Egypt_denies_Arabtec_project_to_build_million_homes_stalled-TR20150525nL5N0YG0FAX2/ An Egyptian government official denied media report that a project for Dubai-based builder Arabtec to build a million homes in Egypt had stalled. Mon, 25 May 2015 07:54:03 GMT Reuters TR20150525nL5N0YG0FAX2 Open Arabtec project to build a million homes approved by Egypt http://www.zawya.com/story/Arabtec_project_to_build_a_million_homes_approved_by_Egypt-TR20150525nL5N0YG0CCX3/ Dubai-based builder Arabtec has received Egyptian cabinet approval for a housing project to build a million homes, Egypt's assistant housing minister told Reuters. Mon, 25 May 2015 06:48:43 GMT Reuters TR20150525nL5N0YG0CCX3 Subscription Egypt may extend rally; Gulf could move sideways as oil flat http://www.zawya.com/story/Egypt_may_extend_rally_Gulf_could_move_sideways_as_oil_flat-TR20150525nL5N0YG07JX2/ Egypt's bourse may rise further on Monday on positive technical signs, while flat oil prices and a lack of positive catalysts may leave Gulf stock markets moving sideways. Mon, 25 May 2015 05:53:24 GMT Reuters TR20150525nL5N0YG07JX2 Subscription IDB's funding portfolio in Egypt hits USD12.5bn http://www.zawya.com/story/IDBs_funding_portfolio_in_Egypt_hits_USD125bn-ZAWYA20150525045858/ The Islamic Development Bank's total funding portfolio for Egypt has reached US$12.5 billion, director country department Mohammad Al-Saati said Mon, 25 May 2015 05:32:56 GMT Amwal Alghad ZAWYA20150525045858 Open Egypt: Arabtec mega housing project talks still on http://www.zawya.com/story/Egypt_Arabtec_mega_housing_project_talks_still_on-ZAWYA20150525050010/ Egypt's Minister of Housing has denied reports saying negotiations with the UAE's Arabtec to create one million housing units in Egypt has been permanently dismissed. Mon, 25 May 2015 05:22:36 GMT Amwal Alghad ZAWYA20150525050010 Open IMF: Egypt tax delay means rich pay less http://www.zawya.com/story/IMF_Egypt_tax_delay_means_rich_pay_less-ZAWYA20150525050024/ IMF criticized Egypt's decision to delay imposing capital gains tax on stocks because it means that the cost of shoring up public finances will be borne by "people who are less able to afford it." Mon, 25 May 2015 05:19:55 GMT Amwal Alghad ZAWYA20150525050024 Open GCC markets dip, tracking oil; Egypt extends gains http://www.zawya.com/story/GCC_markets_dip_tracking_oil_Egypt_extends_gains-TR20150524nL5N0YF0BJX2/ Most Gulf stock markets slipped on Sunday after oil prices fell, while Egyptian equities extended gains following the delay of an unpopular capital gains tax. Sun, 24 May 2015 13:52:57 GMT Reuters TR20150524nL5N0YF0BJX2 Subscription Saudi slips after oil price drop, bomb attack; Egypt up http://www.zawya.com/story/Saudi_slips_after_oil_price_drop_bomb_attack_Egypt_up-TR20150524nL5N0YF06WX2/ Saudi Arabia's stock market fell in early trade, after oil prices fell and IS militants carried out their first attack in kingdom, while Egypt's bourse extended gains. Sun, 24 May 2015 09:18:36 GMT Reuters TR20150524nL5N0YF06WX2 Subscription Kuwait's Burgan Bank considers expanding http://www.zawya.com/story/Kuwaits_Burgan_Bank_considers_expanding-ZAWYA20150524081549/ Burgan Bank will consider expanding in the United Arab Emirates, Saudi Arabia and Egypt as it raises the share of international operations in its business. Sun, 24 May 2015 08:26:18 GMT Reuters ZAWYA20150524081549 Open Vodafone Egypt hits EGP4bn in revenues http://www.zawya.com/story/Vodafone_Egypt_hits_EGP4bn_in_revenues-ZAWYA20150524060223/ Vodafone's Egyptian arm has achieved 4 billion Egyptian pounds (US$524 million) in revenues during the fourth quarter of fiscal year 2014-15 ended in March 2015. Sun, 24 May 2015 06:52:40 GMT Amwal Alghad ZAWYA20150524060223 Open Egypt's NBE records 25% rise in 6-mnth profit before tax http://www.zawya.com/story/Egypts_NBE_records_25_rise_in_6mnth_profit_before_tax-ZAWYA20150524060314/ Egypt's biggest state-run bank, the National Bank of Egypt (NBE) reported a 25 percent growth in profit before taxation during the first six months of current fiscal year. Sun, 24 May 2015 06:43:01 GMT Amwal Alghad ZAWYA20150524060314 Open Sisi to sign energy and oil agreements in Germany visit http://www.zawya.com/story/Sisi_to_sign_energy_and_oil_agreements_in_Germany_visit-ZAWYA20150524060337/ Egyptian President Abdel Fattah al-Sisi is to sign several significant agreements in sectors of energy, new and renewable energy and oil in Germany visit. Sun, 24 May 2015 06:39:10 GMT Amwal Alghad ZAWYA20150524060337 Open Egypt PM witnesses two housing pacts' signing worth EGP60bn http://www.zawya.com/story/Egypt_PM_witnesses_two_housing_pacts_signing_worth_EGP60bn-ZAWYA20150524060500/ Prime Minister witnessed the signing of two pacts to activate MOU signed with Mountain View and Seiseban companies during Egypt Economic Development Conference in March. Sun, 24 May 2015 06:36:27 GMT Amwal Alghad ZAWYA20150524060500 Open Egyptian Airports Holding raises capital http://www.zawya.com/story/Egyptian_Airports_Holding_raises_capital-ZAWYA20150524060742/ State-run Egyptian Holding Company for Airports and Air Navigation plans to raise the company's capital to USD 760 million. Sun, 24 May 2015 06:31:29 GMT Amwal Alghad ZAWYA20150524060742 Open Egypt's Beheira launches USD15m investment projects http://www.zawya.com/story/Egypts_Beheira_launches_USD15m_investment_projects-ZAWYA20150524060931/ The Egyptian Supreme Investment Committee approved on Thursday the launch of five investment projects in Beheira governorate, with investment cost of 117 million Egyptian pounds. Sun, 24 May 2015 06:29:30 GMT Amwal Alghad ZAWYA20150524060931 Open Egypt PM delivers 1500 low-income housing units http://www.zawya.com/story/Egypt_PM_delivers_1500_lowincome_housing_units-ZAWYA20150524060913/ About 1500 residential units have been delivered on Saturday to low-income citizens in Badr City, in the presence of Egypt's Prime Minister Ibrahim Mahlab. Sun, 24 May 2015 06:27:27 GMT Amwal Alghad ZAWYA20150524060913 Open NBK-Egypt reports EGP126.3m net profits in Q1 http://www.zawya.com/story/NBKEgypt_reports_EGP1263m_net_profits_in_Q1-ZAWYA20150524052112/ Total assets grew 47.6% y-o-y to EGP 31.3 billion, customers' deposits up 42.8% to EGP 26.0 billion. Sun, 24 May 2015 06:22:02 GMT Press Release ZAWYA20150524052112 Open Mursi, 24 others on trial for insulting judges http://www.zawya.com/story/Mursi_24_others_on_trial_for_insulting_judges-GN_24052015_240554/ An Egyptian court on Saturday started the trial of toppled president Mohammad Mursi on charges of insulting the judiciary. Sun, 24 May 2015 05:21:21 GMT Gulf News GN_24052015_240554 Open Egyptian court acquits 17 charged for protest http://www.zawya.com/story/Egyptian_court_acquits_17_charged_for_protest-TR20150523nL5N0YE08PX2/ An Egyptian court on Saturday acquitted 17 people of charges related to a street protest earlier this year, a rare decision since Egypt introduced a strict protest law in late 2013. Sun, 24 May 2015 03:10:14 GMT Reuters TR20150523nL5N0YE08PX2 Open Israel thanks US for stand on nuclear arms ban http://www.zawya.com/story/Israel_thanks_US_for_stand_on_nuclear_arms_ban-TR20150523nL1N0YE0HAX2/ Netanyahu thanked the United States for blocking an Egyptian-led drive on a possible Middle East nuclear weapons ban at a major United Nations conference. Sun, 24 May 2015 02:56:59 GMT Reuters TR20150523nL1N0YE0HAX2 Open Hundreds march in Sudan against Mursi death sentence http://www.zawya.com/story/Hundreds_march_in_Sudan_against_Mursi_death_sentence-TR20150522nL5N0YD3WAX2/ Around 800 protesters marched through Sudan's capital on Friday against a court's decision this week to seek the death penalty for Egypt's ousted Islamist president Mohamed Mursi. Sat, 23 May 2015 04:49:52 GMT Reuters TR20150522nL5N0YD3WAX2 Open Wounded Egyptian soldier kidnapped and killed in Sinai http://www.zawya.com/story/Wounded_Egyptian_soldier_kidnapped_and_killed_in_Sinai-TR20150522nL5N0YD4CWX2/ Suspected Islamist militants kidnapped a wounded Egyptian soldier then killed him in the restive North Sinai province on Friday. Sat, 23 May 2015 04:29:01 GMT Reuters TR20150522nL5N0YD4CWX2 Open Dispute over Mideast nuclear arms ban torpedoes U.N. conference http://www.zawya.com/story/Dispute_over_Mideast_nuclear_arms_ban_torpedoes_UN_conference-TR20150523nL1N0YD2MSX3/ A month-long review conference on the nuclear Non-Proliferation Treaty ended in failure on Friday after its members were unable to overcome disagreements on an atomic weapons ban for the Middle East, which the United States blamed on Egypt. Sat, 23 May 2015 04:24:09 GMT Reuters TR20150523nL1N0YD2MSX3 Open Final deals for Cairo Metro Line III's 4th phase next week http://www.zawya.com/story/Final_deals_for_Cairo_Metro_Line_IIIs_4th_phase_next_week-ZAWYA20150522064308/ Egypt's Nasr General Contracting Co. - Hassan Allam will sign the final contracts to implement the fourth phase of Cairo Metro Line 3 within next week. Fri, 22 May 2015 07:10:37 GMT Amwal Alghad ZAWYA20150522064308 Open AfDB's Technical Assistance Fund secures USD4.6bn grants for Egypt http://www.zawya.com/story/AfDBs_Technical_Assistance_Fund_secures_USD46bn_grants_for_Egypt-ZAWYA20150522064244/ Egypt signed a grant agreement with the African Development Bank Group's Middle Income Country Technical Assistance Fund (MIC TAF). Fri, 22 May 2015 07:09:31 GMT Amwal Alghad ZAWYA20150522064244 Open Gulf markets edge up as oil rises; Egypt resumes rally http://www.zawya.com/story/Gulf_markets_edge_up_as_oil_rises_Egypt_resumes_rally-TR20150521nL5N0YC3EEX2/ Most major Gulf stock markets edged up on Thursday, supported by positive corporate news, while Egypt's bourse resumed a broad rally that had been sparked by the delay of an unpopular capital gains tax. Thu, 21 May 2015 13:51:41 GMT Reuters TR20150521nL5N0YC3EEX2 Subscription IS's Egypt affiliate urged followers to attack judges http://www.zawya.com/story/ISs_Egypt_affiliate_urged_followers_to_attack_judges-TR20150521nL5N0YC2YNX2/ Islamic State's Egypt affiliate urged followers to attack judges, declaring a new front in an insurgency in the world's most populous Arab state. Thu, 21 May 2015 12:12:52 GMT Reuters TR20150521nL5N0YC2YNX2 Open Egypt needs cheaper land to tackle housing crunch- SODIC http://www.zawya.com/story/Egypt_needs_cheaper_land_to_tackle_housing_crunch_SODIC-ZAWYA20150521113403/ SODIC, one of Egypt's largest listed real estate developers, says the state must find new ways to allocate land at lower prices if it wants private sector to help meet massive demand for housing. Thu, 21 May 2015 11:41:20 GMT Reuters ZAWYA20150521113403 Open Egypt's Juhayna to form joint venture with Denmark's Arla Foods http://www.zawya.com/story/Egypts_Juhayna_to_form_joint_venture_with_Denmarks_Arla_Foods-TR20150521nL5N0YC2K4X2/ The venture, ArJu Food Industries, will add cheese, butter and infant formula to Juhayna's existing product lines, the statement said. Thu, 21 May 2015 11:33:57 GMT Reuters TR20150521nL5N0YC2K4X2 Open Egypt's Copts praise Sisi, await more tangible support http://www.zawya.com/story/Egypts_Copts_praise_Sisi_await_more_tangible_support-TR20150521nL5N0Y90MYX2/ Copts have long complained of discrimination under successive Egyptian leaders; Sisi's suggested he would deliver on promises of being an inclusive president who could unite country. Thu, 21 May 2015 11:21:05 GMT Reuters TR20150521nL5N0Y90MYX2 Open Talks to ship Lebanese goods to Egypt by sea reach advanced stage http://www.zawya.com/story/Talks_to_ship_Lebanese_goods_to_Egypt_by_sea_reach_advanced_stage-DS21052015_dsart*298741/ Industry Minister Hussein Hajj Hasan said that talks with Egyptian officials on reducing the charges of Lebanese goods shipped by sea have reached an advanced stage. Thu, 21 May 2015 09:41:30 GMT The Daily Star DS21052015_dsart-298741 Open Egypt permits private sector to import natural gas http://www.zawya.com/story/Egypt_permits_private_sector_to_import_natural_gas-TR20150521nL5N0YC17RX2/ Egypt has given the private sector a green light to import natural gas or liquefied natural gas (LNG), a government official said. Thu, 21 May 2015 08:25:07 GMT Reuters TR20150521nL5N0YC17RX2 Subscription US, Korean banks may cooperate in Egypt's USD7.5bn petrochemicals project http://www.zawya.com/story/US_Korean_banks_may_cooperate_in_Egypts_USD75bn_petrochemicals_project-ZAWYA20150521072844/ The project is set to be built in the north west of Gulf of Suez, with investment cost of USD 7.5 billion. Thu, 21 May 2015 07:39:25 GMT Amwal Alghad ZAWYA20150521072844 Open Gulf markets may consolidate after lacklustre week http://www.zawya.com/story/Gulf_markets_may_consolidate_after_lacklustre_week-TR20150521nL5N0YC0FSX2/ Gulf stock markets may consolidate on Thursday after failing to break through key technical barriers this week, with oil price gains likely too small to spark fresh equity rallies. Thu, 21 May 2015 05:58:23 GMT Reuters TR20150521nL5N0YC0FSX2 Subscription Oil weighs on Saudi petchems; Egypt pulls back after rally http://www.zawya.com/story/Oil_weighs_on_Saudi_petchems_Egypt_pulls_back_after_rally-TR20150520nL5N0YB3IUX2/ Gulf stock markets were mixed as oil prices failed to recover, while Egypt's bourse pulled back following a broad rally prompted by decision to delay the unpopular capital gains tax. Wed, 20 May 2015 13:50:30 GMT Reuters TR20150520nL5N0YB3IUX2 Subscription Valeant in talks to buy Egyptian Amoun Pharma- Bloomberg http://www.zawya.com/story/Valeant_in_talks_to_buy_Egyptian_Amoun_Pharma_Bloomberg-TR20150520nL3N0YB3P5X2/ Valeant Pharmaceuticals International is in talks to buy Egyptian drugmaker Amoun Pharmaceutical Co to expand its veterinary and human medicines portfolio, Bloomberg reported. Wed, 20 May 2015 13:31:06 GMT Reuters TR20150520nL3N0YB3P5X2 Open Egypt: outspoken Brotherhood critic as MoJ http://www.zawya.com/story/Egypt_outspoken_Brotherhood_critic_as_MoJ-TR20150520nL5N0YB1JSX3/ Egypt appointed a hardline judge and outspoken critic of the Muslim Brotherhood, Ahmed el-Zend, as justice minister. Wed, 20 May 2015 12:06:18 GMT Reuters TR20150520nL5N0YB1JSX3 Open Emaar plans to float 13% Egypt unit on Cairo exchange http://www.zawya.com/story/Emaar_plans_to_float_13_Egypt_unit_on_Cairo_exchange-TR20150520nL5N0YB0H1X2/ Dubai's Emaar Properties plans to list a 13 percent stake in its Egyptian unit on Cairo's stock exchange. Wed, 20 May 2015 06:39:14 GMT Reuters TR20150520nL5N0YB0H1X2 Subscription Moody's assigns counterparty risk assessments to five Egyptian banks http://www.zawya.com/story/Moodys_assigns_counterparty_risk_assessments_to_five_Egyptian_banks-ZAWYA20150520062011/ Moody's Investors Service assigned counterparty risk assessments (CR Assessments) to five Egyptian banks. Wed, 20 May 2015 06:30:15 GMT Amwal Alghad ZAWYA20150520062011 Open Insurance sector contributes USD131m to Egypt's health file - Medmark http://www.zawya.com/story/Insurance_sector_contributes_USD131m_to_Egypts_health_file__Medmark-ZAWYA20150520062202/ In Egypt, the insurance sector contributes one billion Egyptian pounds out of 90 billion worth of the health and medical treatment, Medmark's managing director Walid Auf said. Wed, 20 May 2015 06:29:20 GMT Amwal Alghad ZAWYA20150520062202 Open Biggest educational hospital in MENA opened in Egypt's Tanta http://www.zawya.com/story/Biggest_educational_hospital_in_MENA_opened_in_Egypts_Tanta-ZAWYA20150520061401/ Egyptian Prime Minister Ibrahim Mahlab has inaugurated the biggest educational hospital in the Middle East, located in Tanta governorate with total cost of 2.5 billion Egyptian pounds. Wed, 20 May 2015 06:28:03 GMT Amwal Alghad ZAWYA20150520061401 Open Oil's volatility may dampen Gulf sentiment http://www.zawya.com/story/Oils_volatility_may_dampen_Gulf_sentiment-TR20150520nL5N0YB0E5X2/ Gulf stock markets may remain range-bound and trendless on Wednesday as oil prices are volatile and global equities are mixed. Wed, 20 May 2015 05:57:40 GMT Reuters TR20150520nL5N0YB0E5X2 Subscription Egypt rises further on tax delay; weaker oil leaves GCC mixed http://www.zawya.com/story/Egypt_rises_further_on_tax_delay_weaker_oil_leaves_GCC_mixed-TR20150519nL5N0YA2W4X2/ Egypt's bourse extended its rally on Tuesday after the government put on hold a capital gains tax, while Gulf markets were mixed as oil prices softened. Tue, 19 May 2015 14:01:25 GMT Reuters TR20150519nL5N0YA2W4X2 Subscription Food more accessible in countries; biggest gains in Egypt- TRFN http://www.zawya.com/story/Food_more_accessible_in_countries_biggest_gains_in_Egypt_TRFN-TR20150519nL5N0YA2A5X2/ Egypt, Myanmar, Azerbaijan, the Democratic Republic of Congo and Togo made the most progress partially due to more affordable food and reduced political tensions. Tue, 19 May 2015 13:39:23 GMT Reuters TR20150519nL5N0YA2A5X2 Open Egypt opens new power plant http://www.zawya.com/story/Egypt_opens_new_power_plant-TR20150519nL5N0YA32IX2/ Egypt has opened a 750 megawatt power plant in the northern outskirts of Cairo. Tue, 19 May 2015 13:13:37 GMT Reuters TR20150519nL5N0YA32IX2 Open Oil prices slip on dollar rally, ample supply http://www.zawya.com/story/Oil_prices_slip_on_dollar_rally_ample_supply-TR20150519nL3N0YA1T7X5/ Brent crude oil fell below $66 a barrel on Tuesday as the dollar strengthened. Tue, 19 May 2015 10:10:54 GMT Reuters TR20150519nL3N0YA1T7X5 Subscription Egypt security forces step up sexual violence- human rights group http://www.zawya.com/story/Egypt_security_forces_step_up_sexual_violence_human_rights_group-TR20150519nL3N0YA28WX2/ Egyptian security forces have stepped up sexual violence since the military overthrew the country's first freely elected president in 2013, a human rights group alleged. Tue, 19 May 2015 07:02:26 GMT Reuters TR20150519nL3N0YA28WX2 Open Two UAE banks, CIB 'still in frame' to buy Citi's Egypt retail business http://www.zawya.com/story/Two_UAE_banks_CIB_still_in_frame_to_buy_Citis_Egypt_retail_business-ZAWYA20150519050118/ The number of banks in the running to buy Citigroup's consumer business in Egypt has fallen as the bidding process enters its final stages. Tue, 19 May 2015 05:36:27 GMT Amwal Alghad ZAWYA20150519050118 Open Dubai's Majid Al-Futtaim to build investment zone in Maadi http://www.zawya.com/story/Dubais_Majid_AlFuttaim_to_build_investment_zone_in_Maadi-ZAWYA20150519050201/ UAE leading retail developer Majid Al Futtaim is to get a licence to establish an investment zone in Egypt. Tue, 19 May 2015 05:35:02 GMT Amwal Alghad ZAWYA20150519050201 Open U.S. calls death sentence for former Egyptian president 'unjust' http://www.zawya.com/story/US_calls_death_sentence_for_former_Egyptian_president_unjust-TR20150518nL1N0Y91DCX4/ The United States believes the death sentence for former Egyptian President Mohamed Mursi is "unjust and undermines confidence in the rule of law". Tue, 19 May 2015 03:34:21 GMT Reuters TR20150518nL1N0Y91DCX4 Open Egypt puts capital gains tax on hold for two years http://www.zawya.com/story/Egypt_puts_capital_gains_tax_on_hold_for_two_years-TR20150518nL5N0Y91FOX4/ Egypt froze plans for a 10% tax on capital gains, reversing a central component of its economic reform agenda that investors had criticised. Mon, 18 May 2015 13:07:43 GMT Reuters TR20150518nL5N0Y91FOX4 Open ME turmoil if Egypt's Mursi executed: Turkey http://www.zawya.com/story/ME_turmoil_if_Egypts_Mursi_executed_Turkey-TR20150518nL5N0Y929LX2/ Turkey's presidential spokesman said the Middle East would be thrown into turmoil if Egypt carried out its death sentences on former president Mohamed Mursi. Mon, 18 May 2015 12:05:31 GMT Reuters TR20150518nL5N0Y929LX2 Open Less bidders for Citigroup's Egyptian retail business http://www.zawya.com/story/Less_bidders_for_Citigroups_Egyptian_retail_business-TR20150518nL5N0XY3NPX2/ The number of banks in the running to buy Citigroup's C.N consumer business in Egypt has fallen as the bidding process enters its final stages. Mon, 18 May 2015 08:22:37 GMT Reuters TR20150518nL5N0XY3NPX2 Subscription Egyptian government confirms capital gains tax on hold for 2 years http://www.zawya.com/story/Egyptian_government_confirms_capital_gains_tax_on_hold_for_2_years-TR20150518nL5N0Y91CFX3/ Egypt has put a 10 percent tax on capital gains on hold for two years, but a 10 percent tax on stock dividends will remain, the government said confirming a Reuters story. Mon, 18 May 2015 08:15:58 GMT Reuters TR20150518nL5N0Y91CFX3 Subscription Germany's Knauf opens €45m plant in Egypt next Tuesday http://www.zawya.com/story/Germanys_Knauf_opens_45m_plant_in_Egypt_next_Tuesday-ZAWYA20150518053319/ Germany-based Knauf will inaugurate its newest plant in Egypt next Tuesday, May 19th. Mon, 18 May 2015 07:04:08 GMT Amwal Alghad ZAWYA20150518053319 Open ASEC to carry out gypsum factory in Suez http://www.zawya.com/story/ASEC_to_carry_out_gypsum_factory_in_Suez-ZAWYA20150518053512/ ASEC Cement Company intends to build a new gypsum factory in the north west of Suez Gulf, Egypt. Mon, 18 May 2015 07:03:14 GMT Amwal Alghad ZAWYA20150518053512 Open Egypt targets Florence-Hurghada direct airline route http://www.zawya.com/story/Egypt_targets_FlorenceHurghada_direct_airline_route-ZAWYA20150518053541/ The Egyptian government is seeking to create a direct airline route between a key tourist city, Hurghda and the Italian city, Florence. Mon, 18 May 2015 07:02:22 GMT Amwal Alghad ZAWYA20150518053541 Open Saudi market nears chart barrier http://www.zawya.com/story/Saudi_market_nears_chart_barrier-TR20150518nL5N0Y90CTX2/ Gulf stock markets may remain largely trendless on Monday after the Saudi-led coalition resumed air raids against Yemen's Houthis. Mon, 18 May 2015 06:08:50 GMT Reuters TR20150518nL5N0Y90CTX2 Subscription MENA IPO value decreases 80% in Q1: EY http://www.zawya.com/story/MENA_IPO_value_decreases_80_in_Q1_EY-ZAWYA20150518045253/ MENA IPO activity declined in Q1 2015 after an active Q4 2014, said multinational professional services firm EY. Mon, 18 May 2015 05:37:54 GMT Oman Daily Observer ZAWYA20150518045253 Open Rise in Saudi rank in world competitiveness http://www.zawya.com/story/Rise_in_Saudi_rank_in_world_competitiveness-ZAWYA20150518035054/ Most countries in the Middle East and North Africa are price-competitive destinations, the World Economic Forum said. Mon, 18 May 2015 04:55:37 GMT The Saudi Gazette ZAWYA20150518035054 Open Egypt unemployment falls to 12.8% in Q1 http://www.zawya.com/story/Egypt_unemployment_falls_to_128_in_Q1-TR20150517nL5N0Y80ACX2/ Egypt's unemployment rate fell to 12.8%in the first three months of 2015, compared to 13.4% in the same period a year ago, government statistics agency said. Mon, 18 May 2015 03:25:30 GMT Reuters TR20150517nL5N0Y80ACX2 Open GCC stocks mixed, Egypt falls further on MSCI index fears http://www.zawya.com/story/GCC_stocks_mixed_Egypt_falls_further_on_MSCI_index_fears-TR20150517nL5N0Y80EFX2/ Gulf stock markets were mixed after oil prices diverged, Egypt's market extended losses on speculation that it might eventually lose emerging market status. Sun, 17 May 2015 14:00:34 GMT Reuters TR20150517nL5N0Y80EFX2 Subscription Egypt executes 6 militants for attack on soldiers http://www.zawya.com/story/Egypt_executes_6_militants_for_attack_on_soldiers-TR20150517nL5N0Y8074X4/ Egypt has executed six members of a Sinai-based militant group with links to Islamic State for carrying out an attack on soldiers near Cairo last year, their lawyer said. Sun, 17 May 2015 11:30:32 GMT Reuters TR20150517nL5N0Y8074X4 Open Egypt's SODIC doubles first-quarter profit http://www.zawya.com/story/Egypts_SODIC_doubles_firstquarter_profit-TR20150517nL5N0Y8064X3/ Egypt's third-largest listed property developer SODIC reported first-quarter net profit of 79.31 million Egyptian pounds. Sun, 17 May 2015 08:55:32 GMT Reuters TR20150517nL5N0Y8064X3 Open Qaradawi condemns Egypt death sentences http://www.zawya.com/story/Qaradawi_condemns_Egypt_death_sentences-TR20150517nL5N0Y803QX2/ Senior Muslim cleric Sheikh Youssef al-Qaradawi has condemned death sentences passed on himself and former Egyptian President Mohamed Mursi. Sun, 17 May 2015 08:37:48 GMT Reuters TR20150517nL5N0Y803QX2 Open Egyptian state company to install five PV solar power plants in Dakahlia http://www.zawya.com/story/Egyptian_state_company_to_install_five_PV_solar_power_plants_in_Dakahlia-ZAWYA20150517042952/ Egypt's military organisation, the Arab Organization for Industrialization (AOL) is set to install five solar photovoltaic power plants in Dakahlia governorate. Sun, 17 May 2015 06:50:19 GMT Amwal Alghad ZAWYA20150517042952 Open Egyptian court seeks death penalty for ex-president Mursi http://www.zawya.com/story/Egyptian_court_seeks_death_penalty_for_expresident_Mursi-TR20150516nL5N0Y707IX8/ An Egyptian court on Saturday sought the death penalty for former president Mohamed Mursi and 106 supporters of his Muslim Brotherhood in connection with a mass jail break in 2011. Sun, 17 May 2015 06:07:47 GMT Reuters TR20150516nL5N0Y707IX8 Open Background mixed for Gulf; S&P upgrade may support Egypt http://www.zawya.com/story/Background_mixed_for_Gulf_SP_upgrade_may_support_Egypt-TR20150517nL5N0Y8027X2/ Mixed messages from the oil market and concern that full-scale fighting in Yemen may soon resume could leave Gulf bourses trading sideways on Sunday. Sun, 17 May 2015 05:58:53 GMT Reuters TR20150517nL5N0Y8027X2 Subscription U.S. "deeply concerned" over Mursi death sentence bid http://www.zawya.com/story/US_deeply_concerned_over_Mursi_death_sentence_bid-TR20150517nL1N0Y8044X2/ The United States is "deeply concerned" about an Egyptian court decision to seek the death penalty for former President Mohamed Mursi. Sun, 17 May 2015 05:32:10 GMT Reuters TR20150517nL1N0Y8044X2 Open Multi-billion pounds loan for Egypt power plant http://www.zawya.com/story/Multibillion_pounds_loan_for_Egypt_power_plant-ZAWYA20150517042914/ A new banking consortium, involving two of Egypt's biggest public banks, plans to secure a multi-billion Egyptian pound syndicated loan for a power plant in Red Sea. Sun, 17 May 2015 05:13:16 GMT Amwal Alghad ZAWYA20150517042914 Open Saudi denied entry in Egypt restaurant over attire http://www.zawya.com/story/Saudi_denied_entry_in_Egypt_restaurant_over_attire-GN_16052015_170516/ Egyptian authorities are investigating officials of a local restaurant for denying a Saudi man entry for being clad in the traditional flowing attire. Sun, 17 May 2015 03:35:14 GMT Gulf News GN_16052015_170516 Open Egypt's Mursi first head of state to face gallows http://www.zawya.com/story/Egypts_Mursi_first_head_of_state_to_face_gallows-GN_16052015_170532/ An Egyptian court sentenced Mursi to death for a 2011 prison escape, becoming the first head of state in the country’s modern history to face the gallows. Sun, 17 May 2015 03:12:11 GMT Gulf News GN_16052015_170532 Open Amnesty calls Mursi death sentence bid in Egypt "a charade" http://www.zawya.com/story/Amnesty_calls_Mursi_death_sentence_bid_in_Egypt_a_charade-TR20150516nL5N0Y70BMX3/ Amnesty International called an Egyptian court's decision to seek the death penalty for ousted Islamist president Mursi "a charade based on null and void procedures". Sun, 17 May 2015 02:28:55 GMT Reuters TR20150516nL5N0Y70BMX3 Open Egypt outlaws "Ultras" soccer fan clubs http://www.zawya.com/story/Egypt_outlaws_Ultras_soccer_fan_clubs-TR20150516nL5N0Y70HOX2/ An Egyptian court on Saturday outlawed popular soccer fan clubs known as "Ultras" which have played a role in political demonstrations and violence since Egypt's 2011 uprising. Sun, 17 May 2015 02:19:57 GMT Reuters TR20150516nL5N0Y70HOX2 Open Egyptian court seeks death penalty for former president Mursi http://www.zawya.com/story/Egyptian_court_seeks_death_penalty_for_former_president_Mursi-TR20150516nL5N0Y707IX3/ An Egyptian court sought the death penalty for former president Mohamed Mursi and more than 100 other members of the Muslim Brotherhood. Sat, 16 May 2015 10:44:27 GMT Reuters TR20150516nL5N0Y707IX3 Open Brotherhood official condemns Mursi verdict, urges international action http://www.zawya.com/story/Brotherhood_official_condemns_Mursi_verdict_urges_international_action-TR20150516nL5N0Y7089X3/ Muslim Brotherhood official Amr Darrag condemned an Egyptian court's decision to seek the death penalty for former president Mohamed Mursi and called on the international community to take action. Sat, 16 May 2015 10:29:18 GMT Reuters TR20150516nL5N0Y7089X3 Open Smart cards ready for fuel purchases in Egypt http://www.zawya.com/story/Smart_cards_ready_for_fuel_purchases_in_Egypt-ZAWYA20150516060858/ The new system, which aims to help rationalise expenditure on fuel subsidies, allows drivers to buy subsidised petrol and diesel fuel at petrol stations with smart cards. Sat, 16 May 2015 07:27:37 GMT Al Ahram Weekly ZAWYA20150516060858 Open Egypt needs government funding to make it happen http://www.zawya.com/story/Egypt_needs_government_funding_to_make_it_happen-ZAWYA20150516044745/ Foreign funds and remittances do have a role, but public projects can be decisive. Sat, 16 May 2015 04:52:08 GMT Gulf News ZAWYA20150516044745 Open AXA gets regulatory initial approval to enter Egypt insurance market http://www.zawya.com/story/AXA_gets_regulatory_initial_approval_to_enter_Egypt_insurance_market-ZAWYA20150515035101/ Egypt's market regulator has given a preliminary approval to set up an Egyptian arm for the France-based leading insurer Axa. Fri, 15 May 2015 08:08:31 GMT Amwal Alghad ZAWYA20150515035101 Open Beltone braces for USD6.5m mortgage unit in Egypt http://www.zawya.com/story/Beltone_braces_for_USD65m_mortgage_unit_in_Egypt-ZAWYA20150515035201/ Egypt's financial institution, Beltone Financial Holding will launch a mortgage financing subsidiary worth 50 million Egyptian pounds (USD 6.5 million) in capital. Fri, 15 May 2015 08:05:32 GMT Amwal Alghad ZAWYA20150515035201 Open Egypt's FY wheat imports 40% less - Official http://www.zawya.com/story/Egypts_FY_wheat_imports_40_less__Official-ZAWYA20150515035259/ Wheat imports in Egypt are witnessing a 40 percent decline this fiscal year, vice chairman of the state-grain buyer said. Fri, 15 May 2015 07:56:42 GMT Amwal Alghad ZAWYA20150515035259 Open GCC mkts rise, Egypt extends loss on MSCI weighting cut http://www.zawya.com/story/GCC_mkts_rise_Egypt_extends_loss_on_MSCI_weighting_cut-TR20150514nL5N0Y52RVX2/ ME stock markets continued to digest index compiler MSCI's semi-annual review, which was positive for most Gulf markets but sent Egypt's bourse to five-month low. Thu, 14 May 2015 14:04:58 GMT Reuters TR20150514nL5N0Y52RVX2 Subscription Egypt's Juhayna food says Q1 net income rises 51% http://www.zawya.com/story/Egypts_Juhayna_food_says_Q1_net_income_rises_51-TR20150514nL5N0Y52QEX3/ Juhayna Food Industries, one of Egypt's largest dairy product and juice makers, reported first-quarter net income of EGP65 million (USD8.52 million), a 51% increase from the same period last year. Thu, 14 May 2015 13:15:52 GMT Reuters TR20150514nL5N0Y52QEX3 Open Egypt's bourse drops to 5-month low after MSCI weighting cut http://www.zawya.com/story/Egypts_bourse_drops_to_5month_low_after_MSCI_weighting_cut-TR20150514nL5N0Y529DX3/ Egypt's stock index fell to a five-month low in a broad sell-off on Thursday, after index compiler MSCI reduced the country's weighting in its emerging markets index. Thu, 14 May 2015 11:59:31 GMT Reuters TR20150514nL5N0Y529DX3 Subscription