Zawya.com - Egypt Top Stories http://www.zawya.com/top-stories/rss/egypt/ en-us Copyright 2014 Zawya Ltd. All rights reserved. Tue, 23 Sep 2014 11:16:47 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 U.S., backed by Arabs, launches first strikes on fighters in Syria http://www.zawya.com/story/US_backed_by_Arabs_launches_first_strikes_on_fighters_in_Syria-TR20140923nL3N0RO1QHX5/ The United States and Arab allies bombed Syria for the first time on Tuesday, killing dozens of Islamic State fighters and members of a separate al Qaeda-linked group, pursuing a campaign against militants into a war at the heart of the Middle East. Tue, 23 Sep 2014 11:30:28 GMT Reuters TR20140923nL3N0RO1QHX5 Open Arab role may be key to U.S. strikes in Syria -U.S. officials http://www.zawya.com/story/Arab_role_may_be_key_to_US_strikes_in_Syria_US_officials-TR20140923nL2N0RN1G9X2/ President Barack Obama wants some Arab participation in air strikes against the Islamic State in order to expand the campaign to Syria, U.S. officials say. Tue, 23 Sep 2014 04:08:20 GMT Reuters TR20140923nL2N0RN1G9X2 Open GE Oil & Gas and Petrojet mark the manufacture of 1000th pumping unit for oil and gas sector in Egypt http://www.zawya.com/story/GE_Oil__Gas_and_Petrojet_mark_the_manufacture_of_1000th_pumping_unit_for_oil_and_gas_sector_in_Egypt-ZAWYA20140922125029/ GE Oil & Gas (NYSE: GE) and Petrojet Egypt, a multidisciplinary contractor who specializes in providing EPC services for the oil and gas sector, celebrated the local manufacture in Egypt of the 1000th API Certified Sucker Rod pumping unit. Mon, 22 Sep 2014 13:01:52 GMT Press Release ZAWYA20140922125029 Open Minds focused by IS, Saudis and Iranians think about making up http://www.zawya.com/story/Minds_focused_by_IS_Saudis_and_Iranians_think_about_making_up-TR20140922nL6N0RN139X5/ For decades the opposing poles of Middle East power politics, Saudi Arabia and Iran may be driven to set aside at least some of their differences by the rise of a mutual enemy: Islamic State. Mon, 22 Sep 2014 12:25:44 GMT Reuters TR20140922nL6N0RN139X5 Open INTERVIEW-Dubai's Deyaar in partnership talks for MENA foray http://www.zawya.com/story/INTERVIEWDubais_Deyaar_in_partnership_talks_for_MENA_foray-ZAWYA20140922100351/ Deyaar is looking to expand into Saudi Arabia, Oman and Egypt, the CEO of the Dubai-listed property developer told Zawya. Mon, 22 Sep 2014 10:25:39 GMT Zawya Projects News ZAWYA20140922100351 Open Egyptian pound steady on official market, weakens on black market http://www.zawya.com/story/Egyptian_pound_steady_on_official_market_weakens_on_black_market-TR20140922nL6N0RN1HMX2/ Egypt's pound held steady at a central bank dollar sale on Monday, with the bank saying it sold $38.4 million at a cut-off price of 7.1401 pounds per dollar, unchanged from Thursday's rate. Mon, 22 Sep 2014 09:27:10 GMT Reuters TR20140922nL6N0RN1HMX2 Open Islamic State urges more attacks on Egyptian security forces http://www.zawya.com/story/Islamic_State_urges_more_attacks_on_Egyptian_security_forces-TR20140922nL6N0RN0PFX2/ Islamic State called on insurgents in Egypt's Sinai Peninsula to press ahead with attacks against Egyptian security forces and to continue beheadings. Mon, 22 Sep 2014 07:12:46 GMT Reuters TR20140922nL6N0RN0PFX2 Open El Sewedy to complete Gebel El-Zeit Wind Energy Project within 3 years http://www.zawya.com/story/El_Sewedy_to_complete_Gebel_ElZeit_Wind_Energy_Project_within_3_years-ZAWYA20140922051048/ Egypt's El Sewedy Electric plans to finalise Gebel El Zeit project to build a network of 600-megawatt wind farms within 3 years, vice president Wael Hamdy said. Mon, 22 Sep 2014 06:06:28 GMT Amwal Alghad ZAWYA20140922051048 Open Egypt's Raya approves seizing HSBC stake in Fawry http://www.zawya.com/story/Egypts_Raya_approves_seizing_HSBC_stake_in_Fawry-ZAWYA20140922051203/ Egypt's Raya Holding for Technology and Communication said on Sunday its board of directors has approved seizing HSBC Bank Egypt stake in Fawry Electronic payment company in a deal worth EGP 5.2 million. Mon, 22 Sep 2014 06:05:29 GMT Amwal Alghad ZAWYA20140922051203 Open Sheikh Zayed Book Award longlist announced for young author and children's literature http://www.zawya.com/story/Sheikh_Zayed_Book_Award_longlist_announced_for_young_author_and_childrens_literature-WAM20140921105035665/ The Young Author longlist includes nine works from Saudi Arabia, Egypt, Morocco, Lebanon and the U.A.E. Sun, 21 Sep 2014 11:12:41 GMT WAM (Emirates News Agency) WAM20140921105035665 Open Bomb kills two policemen near Egypt's foreign ministry http://www.zawya.com/story/Bomb_kills_two_policemen_near_Egypts_foreign_ministry-TR20140921nL6N0RM05LX3/ A bomb blast near Egypt's foreign ministry killed two police officers and wounded several others on Sunday, the Interior Ministry said, in the most serious attack in Cairo in almost three months. Sun, 21 Sep 2014 10:29:54 GMT Reuters TR20140921nL6N0RM05LX3 Open U.S. to deliver 10 Apache helicopters to Egypt -Pentagon http://www.zawya.com/story/US_to_deliver_10_Apache_helicopters_to_Egypt_Pentagon-ZAWYA20140921065205/ The United States plans to deliver 10 Apache helicopters to Egypt to support Cairo's counter-terrorism efforts, the Pentagon said. Sun, 21 Sep 2014 06:55:08 GMT Reuters ZAWYA20140921065205 Open Islamic Development Bank earmarks USD450m for Sharm el-Sheikh airport development http://www.zawya.com/story/Islamic_Development_Bank_earmarks_USD450m_for_Sharm_elSheikh_airport_development-ZAWYA20140921055113/ Islamic Development Bank is allocating USD 450 million to finance the development of Sharm el-Sheikh international airport. Sun, 21 Sep 2014 06:47:33 GMT Amwal Alghad ZAWYA20140921055113 Open Egypt says tech-valley project may net USD1b in exports http://www.zawya.com/story/Egypt_says_techvalley_project_may_net_USD1b_in_exports-ZAWYA20140921055159/ The Egyptian Information and Communication Technology Ministry said the technological valley project in Suez Canal will yield nearly USD 1 billion in annual exports. Sun, 21 Sep 2014 06:42:23 GMT Amwal Alghad ZAWYA20140921055159 Open Egypt's govt to borrow EGP6b from banks http://www.zawya.com/story/Egypts_govt_to_borrow_EGP6b_from_banks-ZAWYA20140921055518/ The Egyptian government will borrow EGP 6 billion on Monday from banks in the form of short-term debt instruments. Sun, 21 Sep 2014 06:40:31 GMT Amwal Alghad ZAWYA20140921055518 Open Egypt upholds death sentence for 5 in killing of policeman http://www.zawya.com/story/Egypt_upholds_death_sentence_for_5_in_killing_of_policeman-TR20140920nL6N0RL0M6X3/ An Egyptian court upheld death sentences on Saturday against five Islamists convicted of charges including killing a policeman and carrying weapons, judicial sources said. Sun, 21 Sep 2014 04:18:05 GMT Reuters TR20140920nL6N0RL0M6X3 Open Egyptian to plead guilty over U.S. embassy bombings http://www.zawya.com/story/Egyptian_to_plead_guilty_over_US_embassy_bombings-TR20140919nL1N0RK11ZX2/ An Egyptian man said on Friday he would plead guilty in New York to charges connected with the deadly 1998 bombings of U.S. embassies in Kenya and Tanzania. Sat, 20 Sep 2014 05:00:51 GMT Reuters TR20140919nL1N0RK11ZX2 Open Egypt awards oil and gas exploration blocks http://www.zawya.com/story/Egypt_awards_oil_and_gas_exploration_blocks-TR20140919nL3N0RK353X2/ Egypt has signed oil and gas exploration deals worth $187 million with several Western companies and a Tunisian firm, the petroleum ministry said. Fri, 19 Sep 2014 09:47:00 GMT Reuters TR20140919nL3N0RK353X2 Open Lazard eyes advising on Wadi Group's IPO on Egypt bourse http://www.zawya.com/story/Lazard_eyes_advising_on_Wadi_Groups_IPO_on_Egypt_bourse-ZAWYA20140919081349/ Leading investment bank Lazard Frères Banque SA is offering to asses Wadi Holdings' assets to support pre-IPO process on the Egyptian bourse, said Wadi's chairman Musa Freji. Fri, 19 Sep 2014 08:55:41 GMT Amwal Alghad ZAWYA20140919081349 Open Saudi Arabia tops list of investors in Egypt - Official http://www.zawya.com/story/Saudi_Arabia_tops_list_of_investors_in_Egypt__Official-ZAWYA20140919081507/ The value of Saudi investments in Egypt amounts to USD 5.2 billion, to top the list of investors in the North African state, said head of General Authority for Investment (GAFI) Hassan Fahmy. Fri, 19 Sep 2014 08:54:49 GMT Amwal Alghad ZAWYA20140919081507 Open Ahli United Bank's Credit Portfolio is EGP11bn http://www.zawya.com/story/Ahli_United_Banks_Credit_Portfolio_is_EGP11bn-ZAWYA20140918141650/ An official source in Ahli United Bank (AUB) said the bank's volume of credit portfolio increased to EGP11 billion within the current period. Thu, 18 Sep 2014 14:25:13 GMT Amwal Alghad ZAWYA20140918141650 Open Egypt targets last bastion of Muslim Brotherhood dissent; Al Azhar http://www.zawya.com/story/Egypt_targets_last_bastion_of_Muslim_Brotherhood_dissent_Al_Azhar-TR20140918nL6N0RJ2JFX2/ Egypt has moved to close down one of the last bastions of Muslim Brotherhood dissent with sweeping new rules to curtail violent protest at Al Azhar University, among the world's most venerable centres of Islamic learning. Thu, 18 Sep 2014 11:32:17 GMT Reuters TR20140918nL6N0RJ2JFX2 Open Suez Industrial Development Co launches Plug and Play industrial park http://www.zawya.com/story/Suez_Industrial_Development_Co_launches_Plug_and_Play_industrial_park-ZAWYA20140918091135/ Plug and Play occupies 250,000 sq. meters for 280 small partitions that can excellently be used as ready-made factories and storage facilities with full utilities . Thu, 18 Sep 2014 10:18:56 GMT Press Release ZAWYA20140918091135 Open AfDB Lends NBE, CIB Egypt USD215m http://www.zawya.com/story/AfDB_Lends_NBE_CIB_Egypt_USD215m-ZAWYA20140918052041/ Egypt's biggest state-owned National Bank of Egypt (NBE) has recently received a financing worth around USD200 million from the African Development Bank (AfDB), to go for the SMEs projects in the country. Thu, 18 Sep 2014 06:15:08 GMT Amwal Alghad ZAWYA20140918052041 Open Russia, Egypt seal preliminary arms deal worth USD3.5 bn - agency http://www.zawya.com/story/Russia_Egypt_seal_preliminary_arms_deal_worth_USD35_bn__agency-TR20140917nL6N0RI2WBX2/ Russia and Egypt have reached a preliminary deal for Cairo to buy arms worth $3.5 billion from Moscow, Interfax news agency quoted the head of a Russian state arms agency as saying on Wednesday. Wed, 17 Sep 2014 15:10:59 GMT Reuters TR20140917nL6N0RI2WBX2 Open Egyptian pound steady on official market, strengthens on black market http://www.zawya.com/story/Egyptian_pound_steady_on_official_market_strengthens_on_black_market-TR20140917nL6N0RI1U0X2/ Egypt's pound held steady at a central bank dollar sale on Wednesday, with the bank saying it sold USD 39.6 million at a cut-off price of 7.1401 pounds per dollar, unchanged from Monday's rate. Wed, 17 Sep 2014 10:42:57 GMT Reuters TR20140917nL6N0RI1U0X2 Open Egypt's Fin Min plans cancelling 90% of petroleum subsidiary over 4 years http://www.zawya.com/story/Egypts_Fin_Min_plans_cancelling_90_of_petroleum_subsidiary_over_4_years-ZAWYA20140917064817/ Egyptian Minister of Finance Hany Kadry revealed that the government is planning to cancel 90% from the four-year targeted subsidiary of petroleum products energy through setting regulations to transport petroleum products among governorates. Wed, 17 Sep 2014 07:03:10 GMT Amwal Alghad ZAWYA20140917064817 Open Egypt Eyes 5-6% economic growth for next 3 years- Minister http://www.zawya.com/story/Egypt_Eyes_56_economic_growth_for_next_3_years_Minister-ZAWYA20140917064743/ Minister of Finance Hany Kadry Dimian revealed on Tuesday that the government is aiming to restore investor confidence in Egypt's economy that was heavily battered after uprisings more than three and half years go. Wed, 17 Sep 2014 07:01:26 GMT Amwal Alghad ZAWYA20140917064743 Open United Bank reduces its non-performing portfolio to EGP3.5bn in June 2014 http://www.zawya.com/story/United_Bank_reduces_its_nonperforming_portfolio_to_EGP35bn_in_June_2014-ZAWYA20140917064803/ United Bank has reduced its non-performing debt portfolio from EGP6.5 billion in 2006 to EGP3.5 billion in June 2014 besides covering 100% the allocation gap of the dues. Wed, 17 Sep 2014 07:00:17 GMT Amwal Alghad ZAWYA20140917064803 Open Arab Investment Bank eyes EGP500m SMEs portfolio by 2014-End http://www.zawya.com/story/Arab_Investment_Bank_eyes_EGP500m_SMEs_portfolio_by_2014End-ZAWYA20140917064742/ Arab Investment Bank (AIB) is aiming boosting the finance of Small and Medium sized projects from EGP300 million to EGP500 million this year, Hani Seif El-Nasr Chairman Said. Wed, 17 Sep 2014 06:57:33 GMT Amwal Alghad ZAWYA20140917064742 Open INTERVIEW-Finance minister hopeful reforms can revive Egyptian economy http://www.zawya.com/story/INTERVIEWFinance_minister_hopeful_reforms_can_revive_Egyptian_economy-ZAWYA20140917045415/ Egypt will press ahead with plans to cut costly energy subsidies and introduce further tax reforms to boost the economy and halve the budget deficit within seven years, the country's finance minister said on Tuesday. Wed, 17 Sep 2014 05:01:24 GMT Reuters ZAWYA20140917045415 Open INTERVIEW-Power cuts biggest hurdle to investment in Egypt -minister http://www.zawya.com/story/INTERVIEWPower_cuts_biggest_hurdle_to_investment_in_Egypt_minister-ZAWYA20140917045149/ Power cuts dogging Egypt have become the biggest obstacle to luring back foreign investment after three years of political upheaval, the country's investment minister said on Tuesday. Wed, 17 Sep 2014 04:54:41 GMT Reuters ZAWYA20140917045149 Open Iraqi official briefs Syria's Assad on efforts against Islamic State http://www.zawya.com/story/Iraqi_official_briefs_Syrias_Assad_on_efforts_against_Islamic_State-TR20140916nL6N0RH4DAX4/ Iraq's national security adviser briefed Syrian President Bashar al-Assad on efforts to counter Islamic State on Tuesday, in the first such meeting since the U.S. launched air strikes on the radical group in Iraq. Wed, 17 Sep 2014 04:45:07 GMT Reuters TR20140916nL6N0RH4DAX4 Open Egypt's military focus is at home, not on Islamic State -minister http://www.zawya.com/story/Egypts_military_focus_is_at_home_not_on_Islamic_State_minister-TR20140916nL6N0RH5G9X2/ Egypt's foreign minister has suggested his country might not provide military assistance to the United States for its battle against the Islamic State militant group, saying the army was focused on the home front. Wed, 17 Sep 2014 04:04:37 GMT Reuters TR20140916nL6N0RH5G9X2 Open Egypt court to rule in Sawiris tax dispute in October -company http://www.zawya.com/story/Egypt_court_to_rule_in_Sawiris_tax_dispute_in_October_company-TR20140916nL6N0RH2R0X2/ An Egyptian court will issue a final ruling on Oct. 28 that may clear Nassef Sawiris, billionaire ex-chief executive of Amsterdam-listed chemicals to engineering group OCI OCI.AS. Tue, 16 Sep 2014 14:50:56 GMT Reuters TR20140916nL6N0RH2R0X2 Open Egypt targets 11% budget deficit in fiscal 2014/15 - finance min http://www.zawya.com/story/Egypt_targets_11_budget_deficit_in_fiscal_201415__finance_min-TR20140916nL6N0RH1LNX2/ Egypt is targeting a budget deficit of around 11% for the fiscal year that began in July and aims to boost economic growth to 5-6% within three years, Finance Minister Hani Dimian told a conference. Tue, 16 Sep 2014 09:50:34 GMT Reuters TR20140916nL6N0RH1LNX2 Open Egypt reaches USD8.5bn funding goal for Suez Canal expansion -official http://www.zawya.com/story/Egypt_reaches_USD85bn_funding_goal_for_Suez_Canal_expansion_official-ZAWYA20140916084149/ Egypt has raised the USD 8.5 billion it needs to fund a project to expand the Suez Canal, the central bank governor told state television. Tue, 16 Sep 2014 09:00:41 GMT Reuters ZAWYA20140916084149 Open Suez Canal Certificates endorse EGP 49bn proceeds - C.Bank http://www.zawya.com/story/Suez_Canal_Certificates_endorse_EGP_49bn_proceeds__CBank-ZAWYA20140916062749/ Central Bank of Egypt (CBE) Governor Hisham Ramez said the proceeds from selling the new Suez Canal investment certificates reached to EGP 9.5 billion yesterday evening. Tue, 16 Sep 2014 06:48:16 GMT Amwal Alghad ZAWYA20140916062749 Open NBE Considers Pumping EGP3.5bn credit facilities for sugar, cotton sectors http://www.zawya.com/story/NBE_Considers_Pumping_EGP35bn_credit_facilities_for_sugar_cotton_sectors-ZAWYA20140916062721/ National Bank of Egypt (NBE) is considering pumping credit facilities in favor of Cotton and sugar sectors with value ranging between EGP3 to EGP3.5 billion within the current month. Tue, 16 Sep 2014 06:47:19 GMT Amwal Alghad ZAWYA20140916062721 Open Revenues of Suez Canal record EGP4.5bn Till 2 O'clock p.m Today - Official http://www.zawya.com/story/Revenues_of_Suez_Canal_record_EGP45bn_Till_2_Oclock_pm_Today__Official-ZAWYA20140916062616/ Governor of Central Bank of Egypt (CBE) Hisham Ramez revealed that Suez Canal investment certificates collected nearly EGP4.5 billion till today Two o' clock afternoon . Tue, 16 Sep 2014 06:46:06 GMT Amwal Alghad ZAWYA20140916062616 Open AlexBank's Board ratifies EGP20m contribution to Long Live Egypt Fund http://www.zawya.com/story/AlexBanks_Board_ratifies_EGP20m_contribution_to_Long_Live_Egypt_Fund-ZAWYA20140916061915/ The Board of Directors of AlexBank - a member of Intesa Sanpaolo Group, approved the decision to contribute EGP 20 million (USD2.8 million) to the 'Long Live Egypt' Fund during its latest meeting held Thursday, September 11th. Tue, 16 Sep 2014 06:45:10 GMT Amwal Alghad ZAWYA20140916061915 Open Alexandria Businessmen Association says EGP5.4bn value of micro projects http://www.zawya.com/story/Alexandria_Businessmen_Association_says_EGP54bn_value_of_micro_projects-ZAWYA20140916061738/ Chairman of Alexandria Businessmen Association (ABA) Marwan Al Sammak revealed that the total submitted loans that provided to micro projects since the inception of ABA and till now reached EGP5.4 billion. Tue, 16 Sep 2014 06:43:28 GMT Amwal Alghad ZAWYA20140916061738 Open Egypt's EGX extends trading technology contract with NASDAQ OMX http://www.zawya.com/story/Egypts_EGX_extends_trading_technology_contract_with_NASDAQ_OMX-ZAWYA20140916061802/ The NASDAQ OMX Group, Inc (Nasdaq:NDAQ) and the Egyptian Exchange (EGX) have entered an agreement to extend the current contract for EGX till January 2020 to tap NASDAQ OMX's X-stream trading technology. Tue, 16 Sep 2014 06:41:04 GMT Amwal Alghad ZAWYA20140916061802 Open Official: Egypt to Invite tender for EGP540m river bus project in October http://www.zawya.com/story/Official_Egypt_to_Invite_tender_for_EGP540m_river_bus_project_in_October-ZAWYA20140916061649/ Egypt expects to offer the tender for a river bus project next October, according to a ministry official. Tue, 16 Sep 2014 06:39:31 GMT Amwal Alghad ZAWYA20140916061649 Open Turkey would welcome Muslim Brotherhood figures who leave Qatar - Erdogan http://www.zawya.com/story/Turkey_would_welcome_Muslim_Brotherhood_figures_who_leave_Qatar__Erdogan-TR20140916nL6N0RH0BJX2/ Turkey would welcome senior figures from Egypt's outlawed Muslim Brotherhood after they were asked to leave Qatar under pressure from other Gulf Arab states, the Turkish president was quoted as saying. Tue, 16 Sep 2014 05:32:49 GMT Reuters TR20140916nL6N0RH0BJX2 Open Egypt sentences Muslim Brotherhood leader Badie to life in jail http://www.zawya.com/story/Egypt_sentences_Muslim_Brotherhood_leader_Badie_to_life_in_jail-TR20140915nL6N0RG3R1X2/ Mohamed Badie, top leader of Egypt's outlawed Muslim Brotherhood, was sentenced to life in jail along with 14 others on Monday on charges of murder and inciting violence during clashes near Cairo last year. Mon, 15 Sep 2014 15:29:52 GMT Reuters TR20140915nL6N0RG3R1X2 Open Leading Egyptian activist Alaa Abdel Fattah freed on bail http://www.zawya.com/story/Leading_Egyptian_activist_Alaa_Abdel_Fattah_freed_on_bail-TR20140915nL6N0RG1RSX3/ One of Egypt's most prominent activists, Alaa Abdel Fattah, was released on bail on Monday ahead of his re-trial on charges of violating a protest law. Mon, 15 Sep 2014 12:04:14 GMT Reuters TR20140915nL6N0RG1RSX3 Open Emerging Market Growth Hits Highest Since March 2013 http://www.zawya.com/story/Emerging_Market_Growth_Hits_Highest_Since_March_2013-ZAWYA20140915083411/ The SABB/HSBC Emerging Markets Index rose to a 17-month high of 52.5 in August, from 51.7 in July. Mon, 15 Sep 2014 08:46:06 GMT Press Release ZAWYA20140915083411 Open INTERVIEW-Egypt tourism could fully recover by end 2015 - minister http://www.zawya.com/story/INTERVIEWEgypt_tourism_could_fully_recover_by_end_2015__minister-ZAWYA20140915080938/ Egypt's tourism industry, battered by three years of political upheaval and street protests, could fully recover by the end of 2015 if current levels of stability persist, the tourism minister said. Mon, 15 Sep 2014 08:14:23 GMT Reuters ZAWYA20140915080938 Subscription Arab Orient Takaful invests EGP50m in New Suez Canal Project http://www.zawya.com/story/Arab_Orient_Takaful_invests_EGP50m_in_New_Suez_Canal_Project-ZAWYA20140914062040/ Egypt's Arab Orient Takaful Insurance company purchased today EGP 50 million (around USD7 million) worth of investment certificates to fund the second Suez Canal project. Mon, 15 Sep 2014 06:13:36 GMT Amwal Alghad ZAWYA20140914062040 Open Egypt's trade deficit shrinks 63.5% in June - CAPMAS http://www.zawya.com/story/Egypts_trade_deficit_shrinks_635_in_June__CAPMAS-ZAWYA20140915060335/ Egypt's trade deficit for June retreated 63.5% from a year earlier, the state-run statistics body CAPMAS announced Sunday, with exports hiked by 3.8% and import declined by 35.5%. Mon, 15 Sep 2014 06:12:13 GMT Amwal Alghad ZAWYA20140915060335 Open Egyptian Saudi Insurance House invests EGP20m in New Suez Canal Project http://www.zawya.com/story/Egyptian_Saudi_Insurance_House_invests_EGP20m_in_New_Suez_Canal_Project-ZAWYA20140915055805/ Egyptian Saudi Insurance House (ESIH) bought today EGP 20 million (US$2.8 million) worth of investment certificates to fund the second Suez Canal project, said managing director Abdel Raouf Kotb. Mon, 15 Sep 2014 06:07:17 GMT Amwal Alghad ZAWYA20140915055805 Open Egypt Sees EU's EUR700m financial aid this autumn - Official http://www.zawya.com/story/Egypt_Sees_EUs_EUR700m_financial_aid_this_autumn__Official-ZAWYA20140915055742/ Egypt is likely to receive financial assistance worth EUR700 million from the European Union within this autumn, an Egyptian official said on Sunday. Mon, 15 Sep 2014 06:06:25 GMT Amwal Alghad ZAWYA20140915055742 Open MENA reinsurance markets benefit from robust expansion http://www.zawya.com/story/MENA_reinsurance_markets_benefit_from_robust_expansion-ZAWYA20140915040919/ According to the 2014 edition of the MENA Reinsurance Barometer published Sunday, the Middle Eastern and North African reinsurance markets continue to benefit from the region's robust economic expansion. Mon, 15 Sep 2014 04:21:28 GMT Arab News ZAWYA20140915040919 Open Egypt expects USD425m from Islamic Development Bank, for refinery, airport http://www.zawya.com/story/Egypt_expects_USD425m_from_Islamic_Development_Bank_for_refinery_airport-TR20140914nL6N0RF0HUX4/ Egypt said on Sunday it expected to receive around USD425 million in funding from the Islamic Development Bank to develop an oil refinery in Assiut and an airport in the Red Sea resort of Sharm el-Sheikh. Sun, 14 Sep 2014 14:28:35 GMT Reuters TR20140914nL6N0RF0HUX4 Open Kuwait Invests USD577m in Egypt tourism in H1 http://www.zawya.com/story/Kuwait_Invests_USD577m_in_Egypt_tourism_in_H1-ZAWYA20140914061815/ Kuwaiti investments in Egypt's tourism sector reached some USD 577 million in the first half of 2014, sources said. Sun, 14 Sep 2014 06:22:21 GMT Amwal Alghad ZAWYA20140914061815 Open Egypt to ask IMF for first 'Article IV' consultations in 3 years http://www.zawya.com/story/Egypt_to_ask_IMF_for_first_Article_IV_consultations_in_3_years-TR20140913nL5N0RE0SWX10/ Egypt will ask the IMF for a long-delayed economic assessment in the hope of improving the country's image before a February investment conference, the finance ministry said in a statement. Sun, 14 Sep 2014 04:25:08 GMT Reuters TR20140913nL5N0RE0SWX10 Open E-Finance to launch EGP70m new HQ in Smart Village by May http://www.zawya.com/story/EFinance_to_launch_EGP70m_new_HQ_in_Smart_Village_by_May-ZAWYA20140912064127/ E-finance, the First and Largest Electronic Payment and Collection Gateway in Egypt will finalise launching its new headquarters in Smart Village by next May. Fri, 12 Sep 2014 09:10:04 GMT Amwal Alghad ZAWYA20140912064127 Open Syria warns against foreign intervention after Obama speech http://www.zawya.com/story/Syria_warns_against_foreign_intervention_after_Obama_speech-TR20140911nL5N0RC3P7X2/ Any foreign intervention in Syria would be an act of aggression unless approved by Damascus, a government minister said, after the U.S. said it was prepared to strike against Islamic State militants in the country. Thu, 11 Sep 2014 14:13:59 GMT Reuters TR20140911nL5N0RC3P7X2 Open Russia says air strikes in Syria would be act of aggression without U.N. vote http://www.zawya.com/story/Russia_says_air_strikes_in_Syria_would_be_act_of_aggression_without_UN_vote-TR20140911nL5N0RC3HJX2/ Russia said air strikes against Islamist militants in Syria without a U.N. Security Council mandate would be an act of aggression, raising the possibility of a new confrontation with the West in coming weeks. Thu, 11 Sep 2014 14:00:54 GMT Reuters TR20140911nL5N0RC3HJX2 Open GIG Insurance invests EGP5m in new Suez Canal project http://www.zawya.com/story/GIG_Insurance_invests_EGP5m_in_new_Suez_Canal_project-ZAWYA20140911132154/ Egypt's Arab Misr Insurance Group (GIG) bought EGP 5 million worth of investment certificates to finance the new waterway along the Suez Canal, said managing director Alaa El Zoheiry. Thu, 11 Sep 2014 13:30:53 GMT Amwal Alghad ZAWYA20140911132154 Open Banque Misr, SFD sign EGP100m financing deal for micro projects http://www.zawya.com/story/Banque_Misr_SFD_sign_EGP100m_financing_deal_for_micro_projects-ZAWYA20140911132126/ Banque Misr signed a contract with Social Fund for Development (SFD) worth EGP 100 million for financing micro projects. Thu, 11 Sep 2014 13:29:15 GMT Amwal Alghad ZAWYA20140911132126 Open Egypt signs USD500m World Bank gas loan http://www.zawya.com/story/Egypt_signs_USD500m_World_Bank_gas_loan-TR20140911nL5N0RC2E4X2/ Egypt has signed a USD 500 million loan with the World Bank to provide natural gas to Egyptian households, the government said. Thu, 11 Sep 2014 10:52:16 GMT Reuters TR20140911nL5N0RC2E4X2 Open SFD-Egypt inks five contracts worth EGP7m across 4 governorates http://www.zawya.com/story/SFDEgypt_inks_five_contracts_worth_EGP7m_across_4_governorates-ZAWYA20140911055530/ Social Fund for Development (SFD) signed five contracts for supporting small and Micro projects with a number of NGOs across Behaira, Gharbia, Aswan and Qena worth EGP6.9 million. Thu, 11 Sep 2014 06:28:41 GMT Amwal Alghad ZAWYA20140911055530 Open Wethaq Takaful Insurance invests EGP17m new Suez Canal certificates http://www.zawya.com/story/Wethaq_Takaful_Insurance_invests_EGP17m_new_Suez_Canal_certificates-ZAWYA20140911055507/ Egypt's Wethaq Takaful Insurance purchased today EGP 17 million worth of investment certificates to fund the new waterway along the Suez Canal, said General Manager of Financial and Administration Affairs Abd El Aziz Labib. Thu, 11 Sep 2014 06:27:26 GMT Amwal Alghad ZAWYA20140911055507 Open Egypt raises EGP8bn on day four for new Suez Canal http://www.zawya.com/story/Egypt_raises_EGP8bn_on_day_four_for_new_Suez_Canal-ZAWYA20140911055704/ 8 billion Egyptian pounds (US$1.12 billion) were raised on the fourth day of selling Suez Canal investment certificates to the public, Central Bank of Egypt (CBE) Governor Hisham Ramez announced on Tuesday evening. Thu, 11 Sep 2014 06:26:30 GMT Amwal Alghad ZAWYA20140911055704 Open Arab contractors and OCI to carry out EGP750m Cairo Metro works http://www.zawya.com/story/Arab_contractors_and_OCI_to_carry_out_EGP750m_Cairo_Metro_works-ZAWYA20140911055707/ Egypt's leading construction firm, Arab Contractors (AC) will carry out suspended bridge and a tunnel in the fourth phase of Cairo Metro Project in cooperation with Orascom Construction Industries (OCI), at a total cost of EGP 750 million. Thu, 11 Sep 2014 06:25:06 GMT Amwal Alghad ZAWYA20140911055707 Open Syrian opposition coalition says ready to partner against Islamic State http://www.zawya.com/story/Syrian_opposition_coalition_says_ready_to_partner_against_Islamic_State-TR20140911nL5N0RC0CVX2/ Syria's Western-backed National Coalition opposition said it was ready to work with the United States against Islamic State militants after President Barack Obama authorised U.S. air strikes in Syria. Thu, 11 Sep 2014 05:59:10 GMT Reuters TR20140911nL5N0RC0CVX2 Open Samsung leads Apple over tablet sales in the Middle East-IDC http://www.zawya.com/story/Samsung_leads_Apple_over_tablet_sales_in_the_Middle_EastIDC-ZAWYA20140911033503/ Samsung once again registered a lead over rival Apple in terms of tablet shipments into the Middle East and African market, even as they face increasing competition from new and smaller players. Thu, 11 Sep 2014 05:02:39 GMT Emirates 24|7 ZAWYA20140911033503 Open Fatwa war rages over Egypt’s new waterway http://www.zawya.com/story/Fatwa_war_rages_over_Egypts_new_waterway-GN_10092014_110944/ Less than a week after Egyptian banks launched investment certificates for funding a new waterway, religious authorities and radical Muslim clerics are engaged in a war of fatwas over this financing tool. Thu, 11 Sep 2014 04:59:32 GMT Gulf News GN_10092014_110944 Open Egypt suffer another blow to Nations Cup hopes http://www.zawya.com/story/Egypt_suffer_another_blow_to_Nations_Cup_hopes-TR20140910nL3N0RB5PTX2/ Record winners Egypt face the bleak prospect of missing out on yet another African Nations Cup after a 1-0 defeat to Tunisia on Wednesday left them with no points from their first two qualifiers for the 2015 finals. Thu, 11 Sep 2014 04:41:49 GMT Reuters TR20140910nL3N0RB5PTX2 Open Saudi Arabia agrees to host training of moderate Syria rebels http://www.zawya.com/story/Saudi_Arabia_agrees_to_host_training_of_moderate_Syria_rebels-TR20140911nL1N0RB23XX2/ Saudi Arabia agreed to host training camps for moderate Syrian rebels as part of President Barack Obama's broad strategy to combat Islamic State militants. Thu, 11 Sep 2014 04:34:40 GMT Reuters TR20140911nL1N0RB23XX2 Open Dozens join hunger strike for release of Egypt political prisoners http://www.zawya.com/story/Dozens_join_hunger_strike_for_release_of_Egypt_political_prisoners-TR20140910nL5N0RB4CYX2/ Dozens of Egyptians have begun a hunger strike to demand the release of activist Alaa Abdel Fattah, a symbol of the 2011 uprising, and others they say are being unfairly detained in an effort to crush new-found freedoms. Wed, 10 Sep 2014 15:49:40 GMT Reuters TR20140910nL5N0RB4CYX2 Open Islamist militants leave signed note on beheaded corpse in Sinai -residents http://www.zawya.com/story/Islamist_militants_leave_signed_note_on_beheaded_corpse_in_Sinai_residents-TR20140910nL5N0RB36GX2/ Residents in Egypt's Sinai Peninsula said on Wednesday they found a beheaded corpse bearing a note signed by an Islamist militant group linked to the Syria and Iraq-based Islamic State, accusing the victim of being an Israeli spy. Wed, 10 Sep 2014 15:01:26 GMT Reuters TR20140910nL5N0RB36GX2 Open Egypt plans five tech parks worth USD2.8bn http://www.zawya.com/story/Egypt_plans_five_tech_parks_worth_USD28bn-ZAWYA20140910114321/ The Ministry of Communications and Information Technology said the new technology parks are expected to be completed by 2020. Wed, 10 Sep 2014 12:22:54 GMT Zawya Projects News ZAWYA20140910114321 Open Egypt signs Sahara oil exploration deals with US firm http://www.zawya.com/story/Egypt_signs_Sahara_oil_exploration_deals_with_US_firm-TR20140910nL5N0RB2PYX2/ Egypt signed two oil exploration agreements worth at least USD 44 million with U.S. oil company Apache APA.N on Wednesday, the state news agency reported. Wed, 10 Sep 2014 11:54:33 GMT Reuters TR20140910nL5N0RB2PYX2 Open Egypt consumer inflation picks up to 11.5% in August http://www.zawya.com/story/Egypt_consumer_inflation_picks_up_to_115_in_August-TR20140910nL5N0RB1T2X2/ Egypt's annual urban consumer inflation climbed to 11.5% in August from 11% in July, the official statistics agency CAPMAS said. Wed, 10 Sep 2014 09:53:32 GMT Reuters TR20140910nL5N0RB1T2X2 Open UN's Ban urges Assad to seek political solution to Syria crisis http://www.zawya.com/story/UNs_Ban_urges_Assad_to_seek_political_solution_to_Syria_crisis-TR20140910nL5N0RB0G7X2/ U.N. Secretary-General Ban Ki-moon urged President Bashar al-Assad to seek a political solution to Syria's war. Wed, 10 Sep 2014 08:16:53 GMT Reuters TR20140910nL5N0RB0G7X2 Open Egypt Post to discuss investments in new Suez Canal this week http://www.zawya.com/story/Egypt_Post_to_discuss_investments_in_new_Suez_Canal__this_week-ZAWYA20140910060256/ Senior sources in Egypt Post revealed that the board had not discussed yet the size of investments in Suez Canal certificates, stressing that the authority's Investment Wed, 10 Sep 2014 07:45:37 GMT Amwal Alghad ZAWYA20140910060256 Open Egypt's EDB attains EGP287m net profit in 2013 http://www.zawya.com/story/Egypts_EDB_attains_EGP287m_net_profit_in_2013-ZAWYA20140910061006/ During fiscal year of 2013/2014, Export Development Bank of Egypt (EDBE) reported a surge in its consolidated net profit by EGP 146.9 million year-on-year to reach EGP 287.6 million. Wed, 10 Sep 2014 06:24:15 GMT Amwal Alghad ZAWYA20140910061006 Open Egypt is back on track http://www.zawya.com/story/Egypt_is_back_on_track-ZAWYA20140910060342/ President Abdel Fattah Al-Sisi has a mammoth task ahead of him and he knows it. Modernizing a country, whose institutions, educational facilities, hospitals and infrastructure have been chipped away by neglect or corruption for decades, can't happen in a blink of an eye. Wed, 10 Sep 2014 06:16:13 GMT Amwal Alghad ZAWYA20140910060342 Open Apple set to unveil smartwatch, bigger iPhone http://www.zawya.com/story/Apple_set_to_unveil_smartwatch_bigger_iPhone-TR20140909nL3N0RA3F1X2/ Apple Inc is expected to unveil a smartwatch, its first new device in four years, in a gala event that may also mark its long-awaited entry into the mobile payments sphere and deliver a larger iPhone. Tue, 09 Sep 2014 15:11:33 GMT Reuters TR20140909nL3N0RA3F1X2 Open Egypt court sentences Brotherhood leader, cleric to 20 years in jail http://www.zawya.com/story/Egypt_court_sentences_Brotherhood_leader_cleric_to_20_years_in_jail-TR20140909nL5N0RA1OTX2/ An Egyptian court sentenced a leader of the outlawed Muslim Brotherhood and an Islamist cleric to 20 years in prison on Tuesday for attempting to kill two policemen, part of a government crackdown that has severely weakened the group. Tue, 09 Sep 2014 10:30:22 GMT Reuters TR20140909nL5N0RA1OTX2 Open Mubarak-era Egypt steel tycoon Ahmed Ezz signs deal with DP World Sokhna http://www.zawya.com/story/Mubarakera_Egypt_steel_tycoon_Ahmed_Ezz_signs_deal_with_DP_World_Sokhna-ZAWYA20140909052525/ Egypt's steel tycoon Ahmed Ezz, Chairman of Al Ezz Dekheila Steel Company, signed an agreement with DP World Sokhna, said the Deputy Chief Executive Officer at DP World Ibrahim Alhammadi. Tue, 09 Sep 2014 08:08:26 GMT Amwal Alghad ZAWYA20140909052525 Open Egypt eyes EGP500bn private investments within two years http://www.zawya.com/story/Egypt_eyes_EGP500bn_private_investments_within_two_years-ZAWYA20140909052657/ Egypt is seeking to attract investments worth EGP 500 billion (around USD 70 billion) from the Egyptian private sector in the coming two years, said planning minister Ashraf El-Araby. Tue, 09 Sep 2014 08:05:42 GMT Amwal Alghad ZAWYA20140909052657 Open A new company to join NILEX this week; says Egypt bourse chief http://www.zawya.com/story/A_new_company_to_join_NILEX_this_week_says_Egypt_bourse_chief-ZAWYA20140909052812/ The Listing Committee of Egypt's stock Exchange will approve this week listing of a new company in the local bourse for the SMEs - NILEX, chief Mohamed Omran told Amwal Al Ghad. Tue, 09 Sep 2014 08:04:36 GMT Amwal Alghad ZAWYA20140909052812 Open So Far, Egypt Raises EGP14.5bn for New Suez Canal - Official http://www.zawya.com/story/So_Far_Egypt_Raises_EGP145bn_for_New_Suez_Canal__Official-ZAWYA20140909053618/ Central Bank of Egypt (CBE) Governor Hisham Ramez revealed that Suez Canal investment certificates collected nearly EGP 8.5 billion on the second day, so the total value of proceeds in two days reached around EGP14.5 billion, noting that turnout for the certificates beat expectations in all governorates. Tue, 09 Sep 2014 08:04:10 GMT Amwal Alghad ZAWYA20140909053618 Open U.S. courts skeptical Arab allies in Islamic State fight http://www.zawya.com/story/US_courts_skeptical_Arab_allies_in_Islamic_State_fight-TR20140908nL1N0R92BPX2/ U.S. Secretary of State John Kerry heads to the region on Tuesday to discuss Islamic State threat. Tue, 09 Sep 2014 04:19:25 GMT Reuters TR20140908nL1N0R92BPX2 Open Egypt to hold donor conference in February - planning minister http://www.zawya.com/story/Egypt_to_hold_donor_conference_in_February__planning_minister-TR20140908nL5N0R928RX2/ Egypt will hold a conference in February to attract investment in an economy battered by years of political turmoil, the minister of planning said on Monday. Mon, 08 Sep 2014 12:18:33 GMT Reuters TR20140908nL5N0R928RX2 Open Egyptian pound steady on official market, up on black market http://www.zawya.com/story/Egyptian_pound_steady_on_official_market_up_on_black_market-TR20140908nL5N0R91UOX2/ Egypt's pound EGP= held steady at a central bank dollar sale on Monday, with the bank saying it sold $37.6 million at a cut-off price of 7.1401 pounds CBEO per dollar, unchanged from Thursday's rate. Mon, 08 Sep 2014 10:07:51 GMT Reuters TR20140908nL5N0R91UOX2 Open Libya denies exempting Egypt from repayment of USD2bn deposit http://www.zawya.com/story/Libya_denies_exempting_Egypt_from_repayment_of_USD2bn_deposit-ZAWYA20140908063916/ Libya's Central Bank denied on Saturday exempting Egypt the repayment of a USD2 billion deposit placed at the Egyptian Central Bank. Mon, 08 Sep 2014 06:45:16 GMT Amwal Alghad ZAWYA20140908063916 Open Egypt Farm Bank attains EGP30m surplus in Islamic dealings http://www.zawya.com/story/Egypt_Farm_Bank_attains_EGP30m_surplus_in_Islamic_dealings-ZAWYA20140908063801/ Egypt's main agricultural bank - Principal Bank for Development and Agricultural Credit (PBDAC) recorded a surplus of EGP 30 million in its Islamic transactions for fiscal year 2013/2014. Mon, 08 Sep 2014 06:44:06 GMT Amwal Alghad ZAWYA20140908063801 Open CBE: Egypt's foreign reserves rise to USD16.8bn in August http://www.zawya.com/story/CBE_Egypts_foreign_reserves_rise_to_USD168bn_in_August-ZAWYA20140908063240/ Egypt's foreign reserves recorded a $99 rise to hit USD16.835 billion at the end of August from USD16.736 billion in July, the central bank announced on Sunday. Mon, 08 Sep 2014 06:42:46 GMT Amwal Alghad ZAWYA20140908063240 Open United Bank to sell Suez Canal Investment certificates http://www.zawya.com/story/United_Bank_to_sell_Suez_Canal_Investment_certificates-ZAWYA20140908063329/ In cooperation with the Suez Canal Bank, the United Bank announced Sunday that it will start selling the investment certificates, designated to fund the new canal alongside the Suez Canal. Mon, 08 Sep 2014 06:41:03 GMT Amwal Alghad ZAWYA20140908063329 Open Suez Canal Insurance wins policy for grain firm worth EGP700m: EMES http://www.zawya.com/story/Suez_Canal_Insurance_wins_policy_for_grain_firm_worth_EGP700m_EMES-ZAWYA20140908063520/ EMES Insurance Brokerage Company announced that Suez Canal and property insurance company won the insurance policy for one of specializing grain companies in Egypt. Mon, 08 Sep 2014 06:39:45 GMT Amwal Alghad ZAWYA20140908063520 Open Arabs vow to confront Islamic State, cooperate with international efforts http://www.zawya.com/story/Arabs_vow_to_confront_Islamic_State_cooperate_with_international_efforts-ZAWYA20140908040847/ Arab League foreign ministers agreed on Sunday to take all necessary measures to confront Islamic State and cooperate with international, regional and national efforts to combat militants who have overrun swathes of Iraq and Syria. Mon, 08 Sep 2014 04:25:19 GMT Reuters ZAWYA20140908040847 Open Foreign investment in Egypt doubles to over USD6bn in 2013/14 http://www.zawya.com/story/Foreign_investment_in_Egypt_doubles_to_over_USD6bn_in_201314-TR20140907nL5N0R810FX2/ Foreign direct investment into Egypt doubled to over $6 billion in the financial year that ended on June 30, Hassan Fahmy, head of Egypt's investment authority, told Reuters on Sunday. Mon, 08 Sep 2014 03:54:52 GMT Reuters TR20140907nL5N0R810FX2 Open ADIB Egypt's net Income for Q2/2014 increased 245% to reach EGP 117m http://www.zawya.com/story/ADIB_Egypts_net_Income_for_Q22014_increased_245_to_reach_EGP_117m-ZAWYA20140907132117/ Egypt announced its financial results for the first half of 2014. Sun, 07 Sep 2014 14:20:05 GMT Press Release ZAWYA20140907132117 Open Arab League to back Iraqi, US campaign against Islamic State -sources http://www.zawya.com/story/Arab_League_to_back_Iraqi_US_campaign_against_Islamic_State_sources-ZAWYA20140907121121/ Arab foreign ministers meeting in Cairo on Sunday are expected to issue a resolution backing Iraqi efforts to confront militants who have overrun large areas of Iraq and Syria, diplomats said. Sun, 07 Sep 2014 12:27:22 GMT Reuters ZAWYA20140907121121 Open MENA markets rebound in August 2014 http://www.zawya.com/story/MENA_markets_rebound_in_August_2014-ZAWYA20140907112033/ Kuwait Financial Centre "Markaz" recently released its Monthly Market Research report. In this report, Markaz examines and analyzes the performance of equity markets in the MENA region as well as the global equity markets. Sun, 07 Sep 2014 11:36:09 GMT Press Release ZAWYA20140907112033 Open