Zawya.com - Egypt Top Stories http://www.zawya.com/top-stories/rss/egypt/ en-us Copyright 2016 Zawya Ltd. All rights reserved. Fri, 27 May 2016 10:47:47 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 No new signal from EgyptAir jet since day of crash http://www.zawya.com/story/No_new_signal_from_EgyptAir_jet_since_day_of_crash-TR20160527nL5N18O23ZX2/ No new radio signal has been received from an EgyptAir jet since the day it crashed in the Mediterranean last week. Fri, 27 May 2016 10:52:09 GMT Reuters TR20160527nL5N18O23ZX2 Subscription Egypt to sign $100 mln Kuwait Fund deal for Sinai development http://www.zawya.com/story/Egypt_to_sign_100_mln_Kuwait_Fund_deal_for_Sinai_development-ZAWYA20160527061546/ Egypt will sign its first deal with Kuwait Fund for Arab Economic Development by the end of this May to finance development projects in Sinai. Fri, 27 May 2016 07:24:24 GMT Amwal Alghad ZAWYA20160527061546 Open Italy's Bertazzoni to build cookers factory in Egypt http://www.zawya.com/story/Italys_Bertazzoni_to_build_cookers_factory_in_Egypt-ZAWYA20160527061422/ Factory will provide nearly 1,000 direct jobs, Egypt's trade minister said. Fri, 27 May 2016 07:00:02 GMT Amwal Alghad ZAWYA20160527061422 Open Egypt plans boosting exports to $40 bln in 5 yrs http://www.zawya.com/story/Egypt_plans_boosting_exports_to_40_bln_in_5_yrs-ZAWYA20160527061141/ The exporting sector represents a key reason for Egyptian economy's growth besides having direct and indirect benefits. Fri, 27 May 2016 06:58:19 GMT Amwal Alghad ZAWYA20160527061141 Open France sends underwater probes to EgyptAir search zone http://www.zawya.com/story/France_sends_underwater_probes_to_EgyptAir_search_zone-TR20160526nL5N18N1HKX3/ A French naval vessel was en route to the eastern Mediterranean on Thursday to join the hunt for black boxes. Fri, 27 May 2016 05:33:40 GMT Reuters TR20160526nL5N18N1HKX3 Open Egypt rights activist says banned from travel http://www.zawya.com/story/Egypt_rights_activist_says_banned_from_travel-TR20160526nL5N18N4P6X2/ An Egyptian human rights activist said that airport security officials prevented him flying to Tunisia. Fri, 27 May 2016 05:19:54 GMT Reuters TR20160526nL5N18N4P6X2 Open Egypt approves $2.5 bln grant from Saudi Arabia http://www.zawya.com/story/Egypt_approves_25_bln_grant_from_Saudi_Arabia-TR20160526nC6N16E021X3/ Egypt's government approved a $2.5 billion grant from Saudi Arabia that was agreed upon in April. Fri, 27 May 2016 05:14:03 GMT Reuters TR20160526nC6N16E021X3 Subscription Orascom Construction returns to profit http://www.zawya.com/story/Orascom_Construction_returns_to_profit-TR20160526nL5N18N1YWX2/ New contracts signed in Q1 in Egypt, Algeria, and the United States. Fri, 27 May 2016 04:59:40 GMT Reuters TR20160526nL5N18N1YWX2 Subscription Egypt energy subsidy bill down 27% in 9 months http://www.zawya.com/story/Egypt_energy_subsidy_bill_down_27_in_9_months-TR20160526nL5N18N23JX2/ Egypt's energy subsidy bill at EGP41 billion Egyptian ($4.62 billion) during first nine months of 2015-16 financial year. Thu, 26 May 2016 10:37:24 GMT Reuters TR20160526nL5N18N23JX2 Subscription Egypt's Qalaa says new oil refinery will cut govt's import bill http://www.zawya.com/story/Egypts_Qalaa_says_new_oil_refinery_will_cut_govts_import_bill-ZAWYA20160526080650/ Egypt's Qalaa Holdings is confident its new refinery will cut country's dependence on crucial oil product imports. Thu, 26 May 2016 09:41:02 GMT Reuters ZAWYA20160526080650 Open Egyptian central bank official to join the IMF http://www.zawya.com/story/Egyptian_central_bank_official_to_join_the_IMF-TR20160526nL5N18N1J5X2/ Rania Al Mashat, Egypt's central bank deputy governor for monetary policy, will serve as an advisor to IMF's chief economist. Thu, 26 May 2016 08:48:56 GMT Reuters TR20160526nL5N18N1J5X2 Subscription Egypt signs $850k AfDB sanitation grants http://www.zawya.com/story/Egypt_signs_850k_AfDB_sanitation_grants-ZAWYA20160526054823/ Egypt has signed two grants for agriculture and sanitation sectors. Thu, 26 May 2016 06:50:59 GMT Amwal Alghad ZAWYA20160526054823 Open Trade ministry eyes 8% industrial growth in Egypt until 2020 http://www.zawya.com/story/Trade_ministry_eyes_8_industrial_growth_in_Egypt_until_2020-ZAWYA20160526054912/ The ministry also plans to increase the participation of industry sector in Egypt's GDP to 21% until 2020. Thu, 26 May 2016 06:48:48 GMT Amwal Alghad ZAWYA20160526054912 Open China to build textile zone in Egypt's Minya http://www.zawya.com/story/China_to_build_textile_zone_in_Egypts_Minya-ZAWYA20160526054853/ Building the new zone is set to participate directly in achieving strategy of trade ministry to develop textile industry in Egypt. Thu, 26 May 2016 06:46:47 GMT Amwal Alghad ZAWYA20160526054853 Open Orascom Construction Q1 net income $23 mln vs $5.8 mln year earlier http://www.zawya.com/story/Orascom_Construction_Q1_net_income_23_mln_vs_58_mln_year_earlier-TR20160526nC6N12402MX3/ The group said it signed new contracts amounting to $510 million in Egypt, Algeria and the United States in the first quarter. Thu, 26 May 2016 06:39:24 GMT Reuters TR20160526nC6N12402MX3 Subscription Egypt to tender for 10 LNG cargoes next week http://www.zawya.com/story/Egypt_to_tender_for_10_LNG_cargoes_next_week-TR20160526nC6N12402OX4/ Egypt would consider importing a further 10 cargoes of LNG, either through direct contracts or through a further international tender. Thu, 26 May 2016 06:36:01 GMT Reuters TR20160526nC6N12402OX4 Subscription French, Italian firms to help search for EgyptAir black boxes http://www.zawya.com/story/French_Italian_firms_to_help_search_for_EgyptAir_black_boxes-TR20160525nL5N18M4JBX2/ Egypt taking on two companies, one French and one Italian, to help search for black boxes of the EgyptAir plane. Thu, 26 May 2016 02:50:23 GMT Reuters TR20160525nL5N18M4JBX2 Open Egypt local wheat buying tops 4 million tonnes http://www.zawya.com/story/Egypt_local_wheat_buying_tops_4_million_tonnes-TR20160525nL5N18M1R3X2/ Egypt's agriculture ministry has bought 4.076 million tonnes of local wheat. Wed, 25 May 2016 11:57:51 GMT Reuters TR20160525nL5N18M1R3X2 Open Egypt refuses entry to Cairo-based French journalist http://www.zawya.com/story/Egypt_refuses_entry_to_Cairobased_French_journalist-TR20160525nL5N18M2ZFX2/ Egypt denied entry to the Cairo correspondent of the La Croix newspaper. Wed, 25 May 2016 11:42:18 GMT Reuters TR20160525nL5N18M2ZFX2 Open Egyptian exchange postpones Beltone capital raise http://www.zawya.com/story/Egyptian_exchange_postpones_Beltone_capital_raise-TR20160525nL5N18M1RQX3/ Egyptian exchange said in a statement it would delay approving Beltone Financial's capital increase. Wed, 25 May 2016 10:58:54 GMT Reuters TR20160525nL5N18M1RQX3 Subscription Egypt's Palm Hills plans $225.3 mln investments this year http://www.zawya.com/story/Egypts_Palm_Hills_plans_2253_mln_investments_this_year-ZAWYA20160525050807/ The money is designated to complete the company's 12 ongoing projects Wed, 25 May 2016 07:17:29 GMT Amwal Alghad ZAWYA20160525050807 Open SUMED to build $350mln-pier in Egypt's Ain Sukhna http://www.zawya.com/story/SUMED_to_build_350mlnpier_in_Egypts_Ain_Sukhna-ZAWYA20160525050130/ The construction works starts at the beginning of June 2016 and set to complete them in a period of ten months. Wed, 25 May 2016 06:11:23 GMT Amwal Alghad ZAWYA20160525050130 Open Saudi-Egypt power grid link-up to start early 2019 http://www.zawya.com/story/SaudiEgypt_power_grid_linkup_to_start_early_2019-ZAWYA20160525050052/ The project aims at linking the power grids of Egypt and Saudi Arabia to help meet peak-time demand. Wed, 25 May 2016 05:31:53 GMT Amwal Alghad ZAWYA20160525050052 Open Saudi-Egyptian JV to build $3.6bln project http://www.zawya.com/story/SaudiEgyptian_JV_to_build_36bln_project-ZAWYA20160525033849/ The development will include 2 square kilometres of residential units and create more than 200,000 jobs in Egypt. Wed, 25 May 2016 03:51:42 GMT The Saudi Gazette ZAWYA20160525033849 Open No sign of EgyptAir plane technical problems before takeoff http://www.zawya.com/story/No_sign_of_EgyptAir_plane_technical_problems_before_takeoff-TR20160525nL5N18L4HRX2/ Sources said the plane disappeared without swerving off radar screens after less than a minute of it entering Egyptian airspace. Wed, 25 May 2016 02:41:52 GMT Reuters TR20160525nL5N18L4HRX2 Open Egyptian appeals court cancels jail terms for 47 over island protests http://www.zawya.com/story/Egyptian_appeals_court_cancels_jail_terms_for_47_over_island_protests-TR20160524nL5N18L5XVX2/ The Egyptian appeals court voided the jail sentences but kept the fines of $11,261.39 each. Wed, 25 May 2016 02:31:45 GMT Reuters TR20160524nL5N18L5XVX2 Open Football-Egyptian rivals kept apart in African Champions League draw http://www.zawya.com/story/FootballEgyptian_rivals_kept_apart_in_African_Champions_League_draw-TR20160524nL5N18L3ULX2/ Bitter Egyptian rivals Al Ahli and Zamalek were kept apart in the pool phase of this year's African Champions League. Tue, 24 May 2016 13:23:19 GMT Reuters TR20160524nL5N18L3ULX2 Open EgyptAir remains point to blast- Forensics http://www.zawya.com/story/EgyptAir_remains_point_to_blast_Forensics-TR20160524nL5N18L287X2/ Human remains retrieved from EgyptAir flight suggest an explosion on board plane. Tue, 24 May 2016 10:13:37 GMT Reuters TR20160524nL5N18L287X2 Open Egypt's Medinet Nasr considers $113mln loan http://www.zawya.com/story/Egypts_Medinet_Nasr_considers_113mln_loan-TR20160524nL3N18L2S3X2/ The EGP1 billion loan facility would go towards phase one of development of Sarai land plot in New Cairo. Tue, 24 May 2016 08:32:49 GMT Reuters TR20160524nL3N18L2S3X2 Subscription Dubai Group selling Shuaa stake, other assets in 2016 http://www.zawya.com/story/Dubai_Group_selling_Shuaa_stake_other_assets_in_2016-TR20160524nD5N17E02JX4/ Dubai Group is in process of selling its stake in Shuaa Capital; is also obliged to divest its holdings in EFG Hermes, Bank Muscat. Tue, 24 May 2016 08:27:18 GMT Reuters TR20160524nD5N17E02JX4 Subscription Egypt's Madinet Nasr for Housing to sign protocol with Armed Forces http://www.zawya.com/story/Egypts_Madinet_Nasr_for_Housing_to_sign_protocol_with_Armed_Forces-ZAWYA20160524051707/ Madinet Nasr for Housing and Development to sign protocol with Armed Forces concerning Amal road for Srai project Tue, 24 May 2016 07:02:50 GMT Amwal Alghad ZAWYA20160524051707 Open Egypt prosecutor seeks data from France, Greece on crashed plane http://www.zawya.com/story/Egypt_prosecutor_seeks_data_from_France_Greece_on_crashed_plane-TR20160523nL5N18K4PAX3/ Egyptian officials say they received no mayday call from the pilots before the plane disappeared. Tue, 24 May 2016 03:04:42 GMT Reuters TR20160523nL5N18K4PAX3 Open Slow response to past crashes could hinder EgyptAir search http://www.zawya.com/story/Slow_response_to_past_crashes_could_hinder_EgyptAir_search-TR20160523nL5N18J0JPX2/ Rescuers have barely 30 days until the batteries die on two underwater beacons designed to guide them to the black box flight recorders. Mon, 23 May 2016 14:01:32 GMT Reuters TR20160523nL5N18J0JPX2 Open Pope meets top Egyptian Al-Azhar cleric http://www.zawya.com/story/Pope_meets_top_Egyptian_AlAzhar_cleric-TR20160523nL5N18K35YX2/ Pope Francis met on Monday the grand imam of Egypt's highest Islamic authority, Al-Azhar. Mon, 23 May 2016 13:28:38 GMT Reuters TR20160523nL5N18K35YX2 Open Banque Du Caire delays launch of new fund by six months http://www.zawya.com/story/Banque_Du_Caire_delays_launch_of_new_fund_by_six_months-ZAWYA20160523041027/ Country's third biggest public lender has scheduled to launch the fund in April. Mon, 23 May 2016 06:50:48 GMT Amwal Alghad ZAWYA20160523041027 Open Egypt bourse expects five new IPOs http://www.zawya.com/story/Egypt_bourse_expects_five_new_IPOs-ZAWYA20160523040711/ Stock exchange will witness five new initial public offerings in the coming few months, according to the bourse's chief. Mon, 23 May 2016 06:16:15 GMT Amwal Alghad ZAWYA20160523040711 Open Egypt must work harder to revive tourism after EgyptAir crash http://www.zawya.com/story/Egypt_must_work_harder_to_revive_tourism_after_EgyptAir_crash-ZAWYA20160523030910/ Egypt will have to work 10 times harder to revive its tourism industry, Tourism Minister Yehia Rashed said. Mon, 23 May 2016 03:23:42 GMT Reuters ZAWYA20160523030910 Open Egypt exempts raw sugar importers from customs duty http://www.zawya.com/story/Egypt_exempts_raw_sugar_importers_from_customs_duty-ZAWYA20160523031012/ Importers of raw sugar will be exempt from a 20 percent tariff up to the end of 2016. Mon, 23 May 2016 03:20:48 GMT Reuters ZAWYA20160523031012 Open Egypt sends robot submarine to help plane crash search http://www.zawya.com/story/Egypt_sends_robot_submarine_to_help_plane_crash_search-TR20160522nL5N18J0C2X3/ Egyptian president says all plane crash scenarios possible Mon, 23 May 2016 02:46:21 GMT Reuters TR20160522nL5N18J0C2X3 Open Israel says return of artefacts to Egypt shows relations warming http://www.zawya.com/story/Israel_says_return_of_artefacts_to_Egypt_shows_relations_warming-TR20160522nL5N18J0FBX2/ Israel returned to Egypt two stolen sarcophagi lids. Mon, 23 May 2016 02:38:04 GMT Reuters TR20160522nL5N18J0FBX2 Open Egypt to increase gas production to 5.5-6 bln cfd by end-2019 http://www.zawya.com/story/Egypt_to_increase_gas_production_to_556_bln_cfd_by_end2019-TR20160522nL5N18J0DBX2/ Once an energy exporter, Egypt has turned into a net importer because of declining oil and gas production. Sun, 22 May 2016 13:23:13 GMT Reuters TR20160522nL5N18J0DBX2 Subscription Families of EgyptAir victims struggle to accept loss http://www.zawya.com/story/Families_of_EgyptAir_victims_struggle_to_accept_loss-TR20160522nL5N18J050X2/ Egypt said navy had found human remains, wreckage and the personal belongings of passengers. Sun, 22 May 2016 11:35:47 GMT Reuters TR20160522nL5N18J050X2 Open Egypt's Sisi says crash investigation will take time http://www.zawya.com/story/Egypts_Sisi_says_crash_investigation_will_take_time-TR20160522nL5N18J073X2/ Sisi said the investigation into the cause of the crash could take a long time but that no one could hide the facts. Sun, 22 May 2016 10:31:27 GMT Reuters TR20160522nL5N18J073X2 Open Saudi kidnapped in Egypt released after ransom paid http://www.zawya.com/story/Saudi_kidnapped_in_Egypt_released_after_ransom_paid-GN_22052016_220531/ A Saudi businessman who was kidnapped in Egypt last month said that he had to pay five million Egyptian pounds to regain his freedom. Sun, 22 May 2016 06:19:54 GMT Gulf News GN_22052016_220531 Open EgyptAir jet sent smoke-alarm warnings before crash http://www.zawya.com/story/EgyptAir_jet_sent_smokealarm_warnings_before_crash-TR20160521nL5N18I0I6X2/ The EgyptAir jet which crashed in the Mediterranean on Thursday sent a series of warnings indicating that smoke had been detected on board Sun, 22 May 2016 04:09:27 GMT Reuters TR20160521nL5N18I0I6X2 Open Egyptian investigators say too soon for conclusions on EgyptAir crash http://www.zawya.com/story/Egyptian_investigators_say_too_soon_for_conclusions_on__EgyptAir_crash-TR20160521nL5N18I0G2X3/ Egyptian investigators looking into the crash of an EgyptAir jet said they were analysing data including signals sent from the aircraft. Sun, 22 May 2016 04:04:05 GMT Reuters TR20160521nL5N18I0G2X3 Open Human remains, belongings found from EgyptAir crash at sea http://www.zawya.com/story/Human_remains_belongings_found_from_EgyptAir_crash_at_sea-TR20160521nL3N18H2A0X2/ Unconfirmed reports about flight data from the Airbus plane pointed to several problems that its veteran pilot may have struggled with minutes before the crash. Sat, 21 May 2016 05:18:20 GMT Reuters TR20160521nL3N18H2A0X2 Open Egyp's Al Forat posts $56 mln contractual sales in Jewar project http://www.zawya.com/story/Egyps_Al_Forat_posts_56_mln_contractual_sales_in_Jewar_project-ZAWYA20160520060754/ The first two phases Jewar Compound would be delivered by November 2018. Fri, 20 May 2016 09:24:58 GMT Amwal Alghad ZAWYA20160520060754 Open Egypt to launch fund to boost faltering factories http://www.zawya.com/story/Egypt_to_launch_fund_to_boost_faltering_factories-ZAWYA20160520060553/ Egypt will launch within next week a new fund tailored to finance the country's faltering factories, said head of the Federation of Egyptian Industries. Fri, 20 May 2016 09:21:45 GMT Amwal Alghad ZAWYA20160520060553 Open Searchers scour Mediterranean for wreckage of missing EgyptAir jet http://www.zawya.com/story/Searchers_scour_Mediterranean_for_wreckage_of_missing_EgyptAir_jet-TR20160520nL3N18H2A0X2/ No group had claimed responsibility more than 24 hours after the disappearance of EgyptAir jet carrying 66 people. Fri, 20 May 2016 07:40:54 GMT Reuters TR20160520nL3N18H2A0X2 Open Airplane lifejackets found in Egyptair search http://www.zawya.com/story/Airplane_lifejackets_found_in_Egyptair_search-TR20160519nA8N17305AX3/ Aircraft debris was found in the southern Mediterranean by Greek authorities searching for a missing EgyptAir aircraft. Thu, 19 May 2016 13:58:35 GMT Reuters TR20160519nA8N17305AX3 Open Greece finds pieces of plastic in sea http://www.zawya.com/story/Greece_finds_pieces_of_plastic_in_sea-TR20160519nL5N18G48DX2/ Greek frigate searching for a missing EgyptAir aircraft discovered two large floating objects in a sea area 230 miles south of the island of Crete. Thu, 19 May 2016 13:18:30 GMT Reuters TR20160519nL5N18G48DX2 Open Attack more likely behind Egypt plane crisis than technical fault- Minister http://www.zawya.com/story/Attack_more_likely_behind_Egypt_plane_crisis_than_technical_fault_Minister-TR20160519nC6N12402AX4/ Egypt's aviation minister said that a terrorist attack was more likely to have taken down missing EgyptAir aircraft. Thu, 19 May 2016 13:08:04 GMT Reuters TR20160519nC6N12402AX4 Open Debris of missing EgyptAir aircraft yet to be found- minister http://www.zawya.com/story/Debris_of_missing_EgyptAir_aircraft_yet_to_be_found_minister-TR20160519nC6N124028X4/ Search teams have yet to find debris from EgyptAir aircraft that vanished over Egyptian airspace en route to Cairo from Paris. Thu, 19 May 2016 12:41:03 GMT Reuters TR20160519nC6N124028X4 Open Russia to lend Egypt $25bln to build nuclear power plant http://www.zawya.com/story/Russia_to_lend_Egypt_25bln_to_build_nuclear_power_plant-TR20160519nL5N18G2HWX2/ Egypt, Russia had earlier signed agreement to cover cost of nuclear power plant. Thu, 19 May 2016 11:38:13 GMT Reuters TR20160519nL5N18G2HWX2 Open Saudi Flynas plane makes emergency landing at Cairo Airport http://www.zawya.com/story/Saudi_Flynas_plane_makes_emergency_landing_at_Cairo_Airport-WAM20160519094034512/ Flynas flight from Khartoum to Syria made emergency landing at Cairo Airport. Thu, 19 May 2016 10:46:35 GMT WAM (Emirates News Agency) WAM20160519094034512 Open Security fears hit UK's Thomas Cook travel http://www.zawya.com/story/Security_fears_hit_UKs_Thomas_Cook_travel-TR20160519nL5N18G1TEX2/ Thomas Cook summer bookings fell as more holidaymakers opted for breaks in Spain over Turkey, Tunisia and Egypt. Thu, 19 May 2016 10:37:35 GMT Reuters TR20160519nL5N18G1TEX2 Open Egypt's first woman rally driver in desert racing http://www.zawya.com/story/Egypts_first_woman_rally_driver_in_desert_racing-TR20160519nL5N18F36CX2/ Yara Shalaby competed in Qatar, UAE, Egypt. Thu, 19 May 2016 10:34:58 GMT Reuters TR20160519nL5N18F36CX2 Open Egypt's Palm Hills to deliver 1,800 housing units in 2016 http://www.zawya.com/story/Egypts_Palm_Hills_to_deliver_1800_housing_units_in_2016-ZAWYA20160519054852/ Egypt's second-largest listed property developer, Palm Hills, is set to deliver 1,800 housing units during 2016 Thu, 19 May 2016 06:38:38 GMT Amwal Alghad ZAWYA20160519054852 Open Nine Egyptian policemen to face trial on charges of assaulting two doctors http://www.zawya.com/story/Nine_Egyptian_policemen_to_face_trial_on_charges_of_assaulting_two_doctors-TR20160518nL5N18F3V5X2/ The incident prompted thousands of Egyptian doctors to hold a wave of strikes and a protest demanding justice. Thu, 19 May 2016 03:04:32 GMT Reuters TR20160518nL5N18F3V5X2 Open Kerry, Egypt's Sisi discuss Mideast peace http://www.zawya.com/story/Kerry_Egypts_Sisi_discuss_Mideast_peace-TR20160518nL5N18F4U8X2/ US Secretary of State John Kerry "stressed the importance of Egypt's role as a regional partner". Thu, 19 May 2016 03:00:29 GMT Reuters TR20160518nL5N18F4U8X2 Open Egypt local wheat buying up to 3.25mln of planned 4mln tonnes http://www.zawya.com/story/Egypt_local_wheat_buying_up_to_325mln_of_planned_4mln_tonnes-TR20160518nL5N18F3FBX2/ Egypt's agriculture ministry has bought 3.25 million tonnes of local wheat. Wed, 18 May 2016 12:44:24 GMT Reuters TR20160518nL5N18F3FBX2 Open Egypt's Hassan Allam establishes two $180 mn above-middle income housing projects http://www.zawya.com/story/Egypts_Hassan_Allam_establishes_two_180_mn_abovemiddle_income_housing_projects-ZAWYA20160518051821/ The two projects would be established in Shorouk City, located at the northeast of Cairo. Wed, 18 May 2016 06:45:36 GMT Amwal Alghad ZAWYA20160518051821 Open Islamic Development Bank invests $3.7 bln in Egypt http://www.zawya.com/story/Islamic_Development_Bank_invests_37_bln_in_Egypt-ZAWYA20160518051944/ The volume of Islamic Development Bank's investments in Egypt currently amounts to US$3.7 billion. Wed, 18 May 2016 06:05:52 GMT Amwal Alghad ZAWYA20160518051944 Open Egypt's Sisi lends backing to Israel-Palestinian peace efforts http://www.zawya.com/story/Egypts_Sisi_lends_backing_to_IsraelPalestinian_peace_efforts-TR20160517nL5N18E3Q6X2/ Egyptian President Abdel Fattah al-Sisi promised Israel warmer ties if it accepts efforts to resume peace talks with the Palestinians. Wed, 18 May 2016 03:35:23 GMT Reuters TR20160517nL5N18E3Q6X2 Open Egypt's Sisi offers mediating role in Israel-Palestinian peace talks http://www.zawya.com/story/Egypts_Sisi_offers_mediating_role_in_IsraelPalestinian_peace_talks-TR20160517nL5N18E2GIX2/ Egyptian President Abdel Fattah al-Sisi promised Israel warmer ties if it accepts resumig peace talks with Palestinians. Tue, 17 May 2016 12:31:17 GMT Reuters TR20160517nL5N18E2GIX2 Open Egypt's c.bank offers $120mln to cover pharmaceutical imports http://www.zawya.com/story/Egypts_cbank_offers_120mln_to_cover_pharmaceutical_imports-TR20160517nL5N18E2E0X2/ Egypt's c.bank offering $120 mln currency sale for imports of pharmaceutical products. Tue, 17 May 2016 11:17:41 GMT Reuters TR20160517nL5N18E2E0X2 Subscription Egypt's Beltone $112.6mln capital increase http://www.zawya.com/story/Egypts_Beltone_1126mln_capital_increase-TR20160517nL5N18E0YIX2/ The board of Egypt's Beltone Financial has agreed to a one billion Egyptian pound ($112.6 million) capital increase, Osama Rashad, head of investor relations said. Tue, 17 May 2016 09:49:15 GMT Reuters TR20160517nL5N18E0YIX2 Subscription Egypt plans diversification of its sources http://www.zawya.com/story/Egypt_plans_diversification_of_its_sources-ZAWYA20160517062922/ The government's financing gap for the next three years amounts to about $30 billion. Tue, 17 May 2016 07:43:13 GMT Al Ahram Weekly ZAWYA20160517062922 Open Egypt cabinet approves long-awaited VAT bill http://www.zawya.com/story/Egypt_cabinet_approves_longawaited_VAT_bill-TR20160516nL5N18D468X2/ Egypt's cabinet approved "in principle" a long-awaited value added tax (VAT) bill and will refer it to the Council of State. Tue, 17 May 2016 02:56:58 GMT Reuters TR20160516nL5N18D468X2 Open Egypt lifts cheap drug prices by 20% http://www.zawya.com/story/Egypt_lifts_cheap_drug_prices_by_20-TR20160516nL5N18D39PX2/ Egypt is raising the price cap on medicines that cost up to 30 Egyptian pounds ($3.38) by 20 percent. Mon, 16 May 2016 13:36:19 GMT Reuters TR20160516nL5N18D39PX2 Subscription Egypt's NBE sells $169mln special certificates http://www.zawya.com/story/Egypts_NBE_sells_169mln_special_certificates-TR20160516nL5N18D1HIX2/ National Bank of Egypt sold 1.5 billion Egyptian pounds ($169 million) worth of special certificates. Mon, 16 May 2016 10:04:47 GMT Reuters TR20160516nL5N18D1HIX2 Subscription Low oil prices have no impact on MENA M&A outlook-EY http://www.zawya.com/story/Low_oil_prices_have_no_impact_on_MENA_MA_outlookEY-GN_15052016_160532/ Low oil price is having little impact on M&A strategy in MENA region, according to EY Capital Confidence Barometer. Mon, 16 May 2016 03:45:08 GMT Gulf News GN_15052016_160532 Open Egypt sentences six to jail for killing Frenchman http://www.zawya.com/story/Egypt_sentences_six_to_jail_for_killing_Frenchman-TR20160515nL5N18C0GZX2/ An Egyptian court sentenced six people to seven years each in prison on Sunday for beating to death a Frenchman in 2013. Mon, 16 May 2016 02:53:54 GMT Reuters TR20160515nL5N18C0GZX2 Open Region falls after debt downgrades; Dubai builders slide http://www.zawya.com/story/Region_falls_after_debt_downgrades_Dubai_builders_slide-TR20160515nL5N18C057X2/ Major Middle Eastern stock markets fell on Sunday after Moody's cut the debt ratings or outlooks of many countries. Sun, 15 May 2016 13:52:33 GMT Reuters TR20160515nL5N18C057X2 Subscription Egypt's unemployment rate 12.7% in Q1 http://www.zawya.com/story/Egypts_unemployment_rate_127_in_Q1-TR20160515nL5N18C0AWX2/ Egypt's unemployment rate eased slightly in the first quarter of 2016 to 12.7 percent. Sun, 15 May 2016 12:22:28 GMT Reuters TR20160515nL5N18C0AWX2 Open Banque Du Caire says to inject $169 mln in SME projects http://www.zawya.com/story/Banque_Du_Caire_says_to_inject_169_mln_in_SME_projects-ZAWYA20160515042721/ Egypt's third biggest public lender Banque du Caire plans to inject $169 million into small and medium-sized businesses. Sun, 15 May 2016 11:03:25 GMT Amwal Alghad ZAWYA20160515042721 Open NBE-Dubai in talks to revive Egypt bourse investments http://www.zawya.com/story/NBEDubai_in_talks_to_revive_Egypt_bourse_investments-ZAWYA20160515042758/ National Bank of Egypt representative office in Dubai is in talks with international institutions to allure new investors to the Egyptian bourse. Sun, 15 May 2016 11:02:09 GMT Amwal Alghad ZAWYA20160515042758 Open Egypt's CIB 17% rise in Q1 net profit http://www.zawya.com/story/Egypts_CIB_17_rise_in_Q1_net_profit-TR20160515nL5N18C069X2/ Commercial International Bank (CIB), Egypt's largest-listed co, reported a 17-percent rise in Q1 net profit. Sun, 15 May 2016 10:53:16 GMT Reuters TR20160515nL5N18C069X2 Subscription Egypt's new capital project set to create large-scale smart city http://www.zawya.com/story/Egypts_new_capital_project_set_to_create_largescale_smart_city-ZAWYA20160515043411/ Egypt anticipated new administrative capital city would be the biggest smart city in the Middle East. Sun, 15 May 2016 10:47:18 GMT Amwal Alghad ZAWYA20160515043411 Open Egypt's Pioneers Holding to invest $191.44 mln by end-2016 http://www.zawya.com/story/Egypts_Pioneers_Holding_to_invest_19144_mln_by_end2016-TR20160515nL5N18C03ZX2/ Pioneers Holding, one of Egypt's largest financial services firms, plans to invest $191.44 million in Egypt this year. Sun, 15 May 2016 08:21:14 GMT Reuters TR20160515nL5N18C03ZX2 Subscription Egyptian court jails 152 people over islands protest http://www.zawya.com/story/Egyptian_court_jails_152_people_over_islands_protest-TR20160514nL3N18B08QX2/ An Egyptian court sentenced 152 protesters to prison after they demonstrated against decision to transfer two islands to Saudi Arabia. Sun, 15 May 2016 02:53:57 GMT Reuters TR20160514nL3N18B08QX2 Open Egypt to import 80,000 tonnes of rice ahead of Ramadan http://www.zawya.com/story/Egypt_to_import_80000_tonnes_of_rice_ahead_of_Ramadan-TR20160513nL5N18A2NMX2/ Egypt's government has directed state grains buyer GASC to import 80,000 tonnes of rice "immediately" ahead of the Muslim fasting month of Ramadan. Sat, 14 May 2016 05:42:29 GMT Reuters TR20160513nL5N18A2NMX2 Open Arab Investment Bank mulls injecting $47.3mln into SME projects http://www.zawya.com/story/Arab_Investment_Bank_mulls_injecting_473mln_into_SME_projects-ZAWYA20160513051322/ The Arab Investment Bank (AIBK) is studying pumping $47.3 million in favour of small and medium-sized enterprises (SMEs). Fri, 13 May 2016 09:27:11 GMT Amwal Alghad ZAWYA20160513051322 Open Sisi opens projects in Egypt's Badr City http://www.zawya.com/story/Sisi_opens_projects_in_Egypts_Badr_City-ZAWYA20160513051507/ Egypt's President Abdel-Fattah al-Sisi inaugurated over 30 projects in Badr City in various fields, including Housing, Urban Development and Roads projects. Fri, 13 May 2016 07:04:10 GMT Amwal Alghad ZAWYA20160513051507 Open Mexico says unhappy with Egypt's response to 2015 attack on tourists http://www.zawya.com/story/Mexico_says_unhappy_with_Egypts_response_to_2015_attack_on_tourists-TR20160513nL2N18A059X2/ Mexico said Thursday that it was not satisfied with the Egyptian government's response to an aerial bombing in Egypt last year in which eight Mexican tourists wee killed. Fri, 13 May 2016 06:46:49 GMT Reuters TR20160513nL2N18A059X2 Open Adidas shareholders elect Egyptian Sawiris to supervisory board http://www.zawya.com/story/Adidas_shareholders_elect_Egyptian_Sawiris_to_supervisory_board-TR20160512nL5N18853OX2/ Adidas shareholders elected Egyptian tycoon Nassef Sawiris and a representative of Belgium's richest man Albert Frere to the supervisory board. Thu, 12 May 2016 13:02:30 GMT Reuters TR20160512nL5N18853OX2 Subscription Egypt's Edita reports Q1 net profit of $4.41mln http://www.zawya.com/story/Egypts_Edita_reports_Q1_net_profit_of_441mln-TR20160512nL5N1893VIX3/ Egypt's Edita Food Industries reported a first-quarter net profit of 39.17 million Egyptian pounds ($4.41 million). Thu, 12 May 2016 10:40:36 GMT Reuters TR20160512nL5N1893VIX3 Subscription Eni embarks on green energy quest in Egypt http://www.zawya.com/story/Eni_embarks_on_green_energy_quest_in_Egypt-TR20160512nL5N1892TQX2/ Italian oil major Eni plans renewable energy projects in Italy, Pakistan and Egypt. Thu, 12 May 2016 10:21:47 GMT Reuters TR20160512nL5N1892TQX2 Open Egypt's Global Telecom $87.5mln Q1 net profit http://www.zawya.com/story/Egypts_Global_Telecom_875mln_Q1_net_profit-TR20160512nL3N1893MLX2/ Egypt's Global Telecom swung to a first-quarter net profit of $87.5 million from a loss of $82.3 million a year earlier. Thu, 12 May 2016 10:09:46 GMT Reuters TR20160512nL3N1893MLX2 Subscription Egypt's Talaat Mostafa Q1 net profit rises to $22.45mln http://www.zawya.com/story/Egypts_Talaat_Mostafa_Q1_net_profit_rises_to_2245mln-TR20160512nC6N12J02QX3/ Talaat Mostafa's TMGH.CA first-quarter net profit rose to EGP199.39 million ($22.45 million). Thu, 12 May 2016 09:10:44 GMT Reuters TR20160512nC6N12J02QX3 Subscription Willis's profits hit $1.7bln following Gras Savoye acquisition http://www.zawya.com/story/Williss_profits_hit_17bln_following_Gras_Savoye_acquisition-ZAWYA20160512054343/ The multinational insurance brokerage, Willis Towers Watson (WTW) registered $1.7 billion in profits after its acquisition of France's Gras Savoye. Thu, 12 May 2016 07:34:08 GMT Amwal Alghad ZAWYA20160512054343 Open Banque Misr negotiating $150 mln loan to boost foreign currency liquidity http://www.zawya.com/story/Banque_Misr_negotiating_150_mln_loan_to_boost_foreign_currency_liquidity-ZAWYA20160512055050/ Egypt's second-largest state lender, Banque Misr is negotiating with some foreign financial institutions for a $150 million loan to shore up its foreign currency resources. Thu, 12 May 2016 07:31:12 GMT Amwal Alghad ZAWYA20160512055050 Open Egyptian Takaful Non-life, Hannover Re to start reinsurance talks in June http://www.zawya.com/story/Egyptian_Takaful_Nonlife_Hannover_Re_to_start_reinsurance_talks_in_June-ZAWYA20160512054413/ Egyptian Takaful Property and Liability Insurance (EGTAK) will start early this June talks to renew its reinsurance agreements with Germany's Hannover Re. Thu, 12 May 2016 07:14:51 GMT Amwal Alghad ZAWYA20160512054413 Open US envoy targets Egypt over journalist arrests http://www.zawya.com/story/US_envoy_targets_Egypt_over_journalist_arrests-TR20160511nL2N1880ZYX2/ Attacking journalists and prosecuting critical voices fuels violent extremism rather than preventing it, the United States told the United Nations Security Council. Thu, 12 May 2016 03:28:44 GMT Reuters TR20160511nL2N1880ZYX2 Open Egypt's EFG-Hermes posts Q1 loss of $7.2 mln http://www.zawya.com/story/Egypts_EFGHermes_posts_Q1_loss_of_72_mln-TR20160511nL5N1882PBX3/ Egypt's EFG-Hermes reported a first-quarter net loss of $7.2 million, after taking a non-cash impairment charge on its Credit Libanais stake sale process. Thu, 12 May 2016 03:27:46 GMT Reuters TR20160511nL5N1882PBX3 Subscription Egypt opens Gaza crossing for 48 hours http://www.zawya.com/story/Egypt_opens_Gaza_crossing_for_48_hours-TR20160511nL5N1881YYX2/ Egypt opened its border with Gaza for the first time in three months. Wed, 11 May 2016 11:38:32 GMT Reuters TR20160511nL5N1881YYX2 Open Egypt's GB Auto reports 70% fall in Q1 net profit http://www.zawya.com/story/Egypts_GB_Auto_reports_70_fall_in_Q1_net_profit-TR20160511nL5N1882CHX2/ Ghabbour Auto's first-quarter net profit fell 70 percent, the Egyptian auto distributor said in a bourse statement. Wed, 11 May 2016 09:05:14 GMT Reuters TR20160511nL5N1882CHX2 Open Egypt signs €320 million EBRD MoUs for transport, Irrigation upgrade http://www.zawya.com/story/Egypt_signs_320_million_EBRD_MoUs_for_transport_Irrigation_upgrade-ZAWYA20160511044142/ Egypt has signed €320 million worth two MoUs with the European Bank for Reconstruction and Development (EBRD) to support the country's transport and water sectors. Wed, 11 May 2016 07:29:15 GMT Amwal Alghad ZAWYA20160511044142 Open Abraj Misr signs $33 mln contracts for 'The Shore' in Egypt's North Coast http://www.zawya.com/story/Abraj_Misr_signs_33_mln_contracts_for_The_Shore_in_Egypts_North_Coast-ZAWYA20160511044512/ The project is located in Ras El Hekma Bay, in Alexandria-Marsa Matrouh desert road, to be built on an area of 180 feddans with 2000 total number of units. Wed, 11 May 2016 07:25:16 GMT Amwal Alghad ZAWYA20160511044512 Open