Zawya.com - Egypt Top Stories http://www.zawya.com/top-stories/rss/egypt/ en-us Copyright 2015 Zawya Ltd. All rights reserved. Fri, 31 Jul 2015 04:19:00 GMT 100 Zawya.com | Middle East Business News and Company Directory 144 76 http://www.zawya.com//top-stories/rss/egypt/ http://www.zawya.com/images/newsletter_zawya_logo.gif Saudi, Egypt leaders vow to promote Arab security http://www.zawya.com/story/Saudi_Egypt_leaders_vow_to_promote_Arab_security-ZAWYA20150731041904/ Egypt and Saudi Arabia pledged on Thursday to boost military, economic, and social ties and pursue their common interests. Fri, 31 Jul 2015 06:59:13 GMT Arab News ZAWYA20150731041904 Open Egypt to announce new projects during Suez Canal opening http://www.zawya.com/story/Egypt_to_announce_new_projects_during_Suez_Canal_opening-ZAWYA20150731063511/ Egyptian President Abdel Fattah al-Sisi will announce new projects during the inauguration ceremony of the New Suez Canal, Housing Minister Mostafa Madbouli announced. Fri, 31 Jul 2015 06:56:10 GMT Amwal Alghad ZAWYA20150731063511 Open World Bank approves program to improve Egypt's sanitation services http://www.zawya.com/story/World_Bank_approves_program_to_improve_Egypts_sanitation_services-ZAWYA20150731063146/ he World Bank's Board of Directors approved a program worth USD 550 million to improve sanitation services for more than 800,000 poor Egyptians in rural areas. Fri, 31 Jul 2015 06:35:00 GMT Amwal Alghad ZAWYA20150731063146 Open Egypt raises electricity prices for mid-to-high household usage http://www.zawya.com/story/Egypt_raises_electricity_prices_for_midtohigh_household_usage-TR20150730nL5N10A52OX2/ Egypt raised electricity prices for mid-to-high household usage by an average of 19% for the 2015/2016 fiscal year, the electricity ministry said. Fri, 31 Jul 2015 04:15:10 GMT Reuters TR20150730nL5N10A52OX2 Open Egypt central bank keeps benchmark rates unchanged http://www.zawya.com/story/Egypt_central_bank_keeps_benchmark_rates_unchanged-TR20150730nL5N10A61QX2/ Egypt's central bank kept its benchmark interest rates unchanged at a monetary policy committee meeting. Fri, 31 Jul 2015 04:09:37 GMT Reuters TR20150730nL5N10A61QX2 Subscription Telecoms weigh on Gulf markets http://www.zawya.com/story/Telecoms_weigh_on_Gulf_markets-TR20150730nL5N10A3YBX2/ Gulf stock markets were narrowly mixed as a series of disappointing corporate earnings reports, especially in the telecommunications sector. Thu, 30 Jul 2015 13:33:08 GMT Reuters TR20150730nL5N10A3YBX2 Subscription US to deliver eight F-16 aircraft to Egypt http://www.zawya.com/story/US_to_deliver_eight_F16_aircraft_to_Egypt-TR20150730nL5N10A48PX2/ United States will deliver eight F-16 Block 52 aircraft to Egypt within next two days, US embassy in Cairo said in a statement. Thu, 30 Jul 2015 12:43:04 GMT Reuters TR20150730nL5N10A48PX2 Open Egypt money supply up in June- c.bank http://www.zawya.com/story/Egypt_money_supply_up_in_June_cbank-TR20150730nL3N10A4WUX2/ Egypt's M2 money supply was up 16.4% at the end of June from a year earlier, the central bank said. Thu, 30 Jul 2015 12:24:59 GMT Reuters TR20150730nL3N10A4WUX2 Open Cairo court session in Al Jazeera journalists' retrial adjourned http://www.zawya.com/story/Cairo_court_session_in_Al_Jazeera_journalists_retrial_adjourned-TR20150730nL5N10A2HMX2/ A Cairo court session which had been expected to deliver a verdict on Thursday in the retrial of Al Jazeera television journalists has been adjourned, Al Jazeera said on its Twitter feed. Thu, 30 Jul 2015 08:24:37 GMT Reuters TR20150730nL5N10A2HMX2 Open Cheaper Internet soon in Egypt? http://www.zawya.com/story/Cheaper_Internet_soon_in_Egypt-ZAWYA20150730062020/ Egyptians could soon be surfing the Internet at a much lower cost, reports Shaimaa Shalabi. Thu, 30 Jul 2015 07:00:20 GMT Al Ahram Weekly ZAWYA20150730062020 Open Egypt says finishes work on New Suez Canal http://www.zawya.com/story/Egypt_says_finishes_work_on_New_Suez_Canal-ZAWYA20150730062655/ Egypt has finished building its New Suez Canal, its overseer said, a project President Abdel Fattah al-Sisi sees as a symbol of national pride and a major chance to stimulate economy. Thu, 30 Jul 2015 06:29:39 GMT Reuters ZAWYA20150730062655 Open New Suez Canal to shrink oil prices:US official http://www.zawya.com/story/New_Suez_Canal_to_shrink_oil_pricesUS_official-ZAWYA20150730052758/ The New Suez Canal will participate in lowering transportation prices of global oil, Special Envoy and Coordinator for International Energy Affairs of US department of State Amos J Hochstein said. Thu, 30 Jul 2015 05:39:44 GMT Amwal Alghad ZAWYA20150730052758 Open Egypt attracts new international property buyers http://www.zawya.com/story/Egypt_attracts_new_international_property_buyers-ZAWYA20150730052926/ Next edition of Cityscape Egypt will be the largest ever with over 23 percent growth and a marked increase in overseas participation. Thu, 30 Jul 2015 05:32:52 GMT Amwal Alghad ZAWYA20150730052926 Open Middle East funds turn negative as oil drops again http://www.zawya.com/story/Middle_East_funds_turn_negative_as_oil_drops_again-TR20150730nL5N10A069X3/ Middle East fund managers have on balance turned negative towards the region and especially its biggest equity market, Saudi Arabia, after oil prices gave up most of the gains made in the last six months, a monthly Reuters survey shows. Thu, 30 Jul 2015 05:11:55 GMT Reuters TR20150730nL5N10A069X3 Subscription Personal photos part of New Suez Canal launch campaign in Aug 6 http://www.zawya.com/story/Personal_photos_part_of_New_Suez_Canal_launch_campaign_in_Aug_6-ZAWYA20150729120225/ In bid to show faces of Egyptian population at canal launch, Suez Canal Authority (SCA) is inviting Egyptians around the world to photograph themselves and share their pictures. Wed, 29 Jul 2015 12:17:51 GMT Press Release ZAWYA20150729120225 Open Saudi Arabia, Egypt edge up; Savola shares drop http://www.zawya.com/story/Saudi_Arabia_Egypt_edge_up_Savola_shares_drop-TR20150729nL5N1092J6X2/ Stock markets in Saudi Arabia and Egypt edged up on Wed despite some disappointing earnings reports from companies listed in Riyadh. Wed, 29 Jul 2015 09:55:41 GMT Reuters TR20150729nL5N1092J6X2 Subscription Egypt's tourism revenue up 3.1% in H1 http://www.zawya.com/story/Egypts_tourism_revenue_up_31_in_H1-TR20150729nL3N10606EX2/ Egypt's tourism revenue rose 3.1 percent in the first half of 2015 compared with the same period last year, the tourism minister said. Wed, 29 Jul 2015 08:04:03 GMT Reuters TR20150729nL3N10606EX2 Subscription Arab Contractors to deliver projects in Congo http://www.zawya.com/story/Arab_Contractors_to_deliver_projects_in_Congo-ZAWYA20150729044908/ The Arab Contractors Company (AC) to finish delivering its projects in Congo by 2016 with total cost of USD 128 million, Chairman Mohsen Salah said. Wed, 29 Jul 2015 05:25:38 GMT Amwal Alghad ZAWYA20150729044908 Open Egypt's Insurance Firms pay USD817m compensations in Q1 http://www.zawya.com/story/Egypts_Insurance_Firms_pay_USD817m_compensations_in_Q1-ZAWYA20150729043540/ The total volume of compensations paid by insurance firms working in Egyptian market hit EGP 6.442 billion (USD 817.3) at the end of first quarter versus EGP 5.233 billion at the same period of 2014, marking 23% growth rate. Wed, 29 Jul 2015 05:24:16 GMT Amwal Alghad ZAWYA20150729043540 Open Gunmen in Egypt kill guard outside Niger embassy http://www.zawya.com/story/Gunmen_in_Egypt_kill_guard_outside_Niger_embassy-TR20150729nL5N10906QX2/ Unidentified gunmen shot dead a security guard outside the embassy of Niger in Cairo early on Wednesday morning, the Egyptian interior ministry said in a statement. Wed, 29 Jul 2015 04:48:46 GMT Reuters TR20150729nL5N10906QX2 Open Egypt to hold rates amid inflation concern http://www.zawya.com/story/Egypt_to_hold_rates_amid_inflation_concern-TR20150728nL3N1084OPX2/ Egypt's central bank is expected to keep interest rates on hold with inflation still in double digits, despite lower global commodity pric Wed, 29 Jul 2015 03:42:10 GMT Reuters TR20150728nL3N1084OPX2 Subscription Fire at Egypt furniture factory kills 25 http://www.zawya.com/story/Fire_at_Egypt_furniture_factory_kills_25-TR20150728nL5N10841MX2/ A fire at a furniture factory outside Cairo killed 25 people on Tuesday, the spokesman for Egypt's health ministry said. Wed, 29 Jul 2015 03:22:00 GMT Reuters TR20150728nL5N10841MX2 Open Egypt to allow 24-hour access to East Port Said http://www.zawya.com/story/Egypt_to_allow_24hour_access_to_East_Port_Said-TR20150728nL5N1081Z9X2/ Egypt plans to allow smaller vessels in the Mediterranean direct access to East Port Said around the clock instead of just eight hours a day by building a side channel near the Suez Canal, which will speed up shipping movements in the area. Wed, 29 Jul 2015 03:11:00 GMT Reuters TR20150728nL5N1081Z9X2 Subscription Egypt Tourism Authority opens first regional office in Gulf http://www.zawya.com/story/Egypt_Tourism_Authority_opens_first_regional_office_in_Gulf-ZAWYA20150728055107/ The Egyptian Tourism Authority (ETA) announced the official launch of its first office in Arab Gulf region. The new office locates in Abu Dhabi, which commenced operations early this month. Tue, 28 Jul 2015 06:18:16 GMT Amwal Alghad ZAWYA20150728055107 Open Arab Contractors completes Jeddah's Prince Majed bridge http://www.zawya.com/story/Arab_Contractors_completes_Jeddahs_Prince_Majed_bridge-ZAWYA20150728054700/ The leading Cairo-based construction firm, Arab Contractors announced the completion of the bridge intersection of Prince Majed and Bani Malek streets in Saudi Arabia's Jeddah city. Tue, 28 Jul 2015 06:17:32 GMT Amwal Alghad ZAWYA20150728054700 Open Egypt's Russian Industrial Zone to include food, car, ship manufacturing projects http://www.zawya.com/story/Egypts_Russian_Industrial_Zone_to_include_food_car_ship_manufacturing_projects-ZAWYA20150728054636/ Russia's anticipated industrial zone in Egypt is to encompass food, equipment, ship and car manufacturing projects, industry and trade minister said. Tue, 28 Jul 2015 06:16:41 GMT Amwal Alghad ZAWYA20150728054636 Open Siemens to upgrade Egypt's electrical rail systems http://www.zawya.com/story/Siemens_to_upgrade_Egypts_electrical_rail_systems-ZAWYA20150728054601/ German industrial giant Siemens Aktiengesellschaft signed Monday a preliminary agreement to upgrade the Egyptian electrified railway signalling systems. Tue, 28 Jul 2015 06:13:40 GMT Amwal Alghad ZAWYA20150728054601 Open Kerry heads for Egypt and the Gulf http://www.zawya.com/story/Kerry_heads_for_Egypt_and_the_Gulf-TR20150727nL5N10747YX2/ U.S. Secretary of State John Kerry will travel to Egypt and the Gulf next week for talks on the recent nuclear deal between major powers and Iran and the fight against Islamic State militants, then he will head to Southeast Asia. Tue, 28 Jul 2015 02:50:40 GMT Reuters TR20150727nL5N10747YX2 Open Soccer-Zamalek on brink of league title in Egypt http://www.zawya.com/story/SoccerZamalek_on_brink_of_league_title_in_Egypt-TR20150727nL3N1074LTX2/ Cairo club Zamalek are on the brink of winning the championship in Egypt and ending the long-standing dominance of their arch-rivals Al Ahli. Mon, 27 Jul 2015 13:17:39 GMT Reuters TR20150727nL3N1074LTX2 Open Saudi, Egypt fall in line with oil, global equities http://www.zawya.com/story/Saudi_Egypt_fall_in_line_with_oil_global_equities-TR20150727nL5N1071KEX2/ Stock markets in Saudi Arabia and Egypt fell in early trade on Mon dragged down by second-quarter earnings and poor performance of oil and global bourses. Mon, 27 Jul 2015 09:29:21 GMT Reuters TR20150727nL5N1071KEX2 Subscription 30 Russian firms pursue investment opportunities in Egypt http://www.zawya.com/story/30_Russian_firms_pursue_investment_opportunities_in_Egypt-ZAWYA20150727044326/ A Russian mission encompassing 30 firms is to visit Egypt Sunday to discuss available investment opportunities in the Egyptian Market. Mon, 27 Jul 2015 06:40:22 GMT Amwal Alghad ZAWYA20150727044326 Open Egypt:Insurance companies capitals hit USD762m http://www.zawya.com/story/EgyptInsurance_companies_capitals_hit_USD762m-ZAWYA20150727044849/ The total volume of Insurance companies' capitals has increased to 5.917 billion Egyptian pounds (US$ 762 million) at the end of third quarter of Fiscal year 2014-15. Mon, 27 Jul 2015 06:39:41 GMT Amwal Alghad ZAWYA20150727044849 Open BG Egypt appoints new president http://www.zawya.com/story/BG_Egypt_appoints_new_president-TR20150726nL5N1060G4X2/ BG Egypt, subsidiary of BG Group and one of Egypt's largest natural gas producers, has appointed Khaled Kacem as its president, the company said in a statement. Sun, 26 Jul 2015 13:52:11 GMT Reuters TR20150726nL5N1060G4X2 Subscription Egypt Eastern Co net profit rises to EGP1.083bn http://www.zawya.com/story/Egypt_Eastern_Co_net_profit_rises_to_EGP1083bn-TR20150726nL5N1060BEX3/ Egypt's top cigarette maker Eastern said its net profit for fiscal year 2014-2015 rose to EGP1.083 billion. Sun, 26 Jul 2015 12:08:07 GMT Reuters TR20150726nL5N1060BEX3 Open Saudi slips despite SABIC, Egypt edges up http://www.zawya.com/story/Saudi_slips_despite_SABIC_Egypt_edges_up-TR20150726nL5N106074X2/ Saudi stock market edged down in early trade on Sun despite strong performance by Saudi Basic Industries (SABIC), Egypt's bourse rose on back of property stocks. Sun, 26 Jul 2015 09:18:54 GMT Reuters TR20150726nL5N106074X2 Subscription Egypt's Pioneers Holding to buy up Cairo for Housing and Development http://www.zawya.com/story/Egypts_Pioneers_Holding_to_buy_up_Cairo_for_Housing_and_Development-TR20150726nL5N10604FX4/ Egypt's Pioneers Holding aid on Sunday its board had approved an offer to purchase remaining shares of Cairo for Housing and Development at a price of 11.80 Egyptian pounds ($1.51) per share for a full acquisition. Sun, 26 Jul 2015 08:17:12 GMT Reuters TR20150726nL5N10604FX4 Subscription Egypt extends state of emergency in North Sinai http://www.zawya.com/story/Egypt_extends_state_of_emergency_in_North_Sinai-TR20150725nL5N1050LZX2/ Egypt said on Saturday it had extended by three months a state of emergency imposed on parts of Northern Sinai in October. Sun, 26 Jul 2015 02:29:43 GMT Reuters TR20150725nL5N1050LZX2 Open U.N. asks South Sudan to allow aid flows on Nile http://www.zawya.com/story/UN_asks_South_Sudan_to_allow_aid_flows_on_Nile-TR20150725nL5N10504GX2/ South Sudan should lift restrictions on transporting aid supplies using the River Nile, a vital mode of movement in the war-torn country that has almost no proper roads, the United Nations' humanitarian chief said. Sat, 25 Jul 2015 11:16:26 GMT Reuters TR20150725nL5N10504GX2 Open BlueBay to develop Utopia Hotel with USD6m http://www.zawya.com/story/BlueBay_to_develop_Utopia_Hotel_with_USD6m-ZAWYA20150724061527/ Spain's BlueBay Group aims to develop Utopia Beach Club El Quseir Marsa Allam Alawith total investments of EGP 50 million (USD 6.3million), Blue Bay-Egypt Chairman Gehad Elghazali said. Fri, 24 Jul 2015 07:42:43 GMT Amwal Alghad ZAWYA20150724061527 Open Arab Contractors Business in Guinea hikes to USD528m http://www.zawya.com/story/Arab_Contractors_Business_in_Guinea_hikes_to_USD528m-ZAWYA20150724061358/ The Arab Contractors Company's (AC) business volume in Equatorial Guinea, including the currently executed projects, is estimated at USD 528 million, Chairman Mohsen Salah said. Fri, 24 Jul 2015 07:42:05 GMT Amwal Alghad ZAWYA20150724061358 Open Egypt's Hyde Park launches Serenity 2 with USD63m expected revenues http://www.zawya.com/story/Egypts_Hyde_Park_launches_Serenity_2_with_USD63m_expected_revenues-ZAWYA20150724061752/ Hyde Park Properties for Development launches Serenity 2, a new project encompassing 150 housing units, with expected revenues of EGP 500mln (USD 63 million), Executive Manager Maged Salah Eldin said. Fri, 24 Jul 2015 07:38:23 GMT Amwal Alghad ZAWYA20150724061752 Open Wethaq Takaful total assets rise by 13.1% end FY 2014-15 http://www.zawya.com/story/Wethaq_Takaful_total_assets_rise_by_131_end_FY_201415-ZAWYA20150724061132/ Egypt's Wethaq Takaful Insurance's total assets have been increased by 13.1% at the end of fiscal year 2014-15, General Manager of Financial and Administration Affairs Abd El Aziz Labib said. Fri, 24 Jul 2015 07:01:55 GMT Amwal Alghad ZAWYA20150724061132 Open SFD Egypt in Talks with World Bank over fund http://www.zawya.com/story/SFD_Egypt_in_Talks_with_World_Bank_over_fund-ZAWYA20150724061008/ Egypt's Social Fund for Development (SFD) negotiates with the World Bank Group for a fund worth EGP200 million (USD 25.5 million) to finance micro-sized projects, official from fund said. Fri, 24 Jul 2015 06:55:24 GMT Amwal Alghad ZAWYA20150724061008 Open IS claims Egypt bomb that killed four soldiers http://www.zawya.com/story/IS_claims_Egypt_bomb_that_killed_four_soldiers-TR20150723nL5N10357QX2/ Islamic State's Egyptian affiliate claimed responsibility on Thursday for a bombing that the army said killed four soldiers near Rafah, a town on the border with the Gaza Strip. Fri, 24 Jul 2015 05:11:07 GMT Reuters TR20150723nL5N10357QX2 Open Bomb kills four Egyptian soldiers near Rafah http://www.zawya.com/story/Bomb_kills_four_Egyptian_soldiers_near_Rafah-TR20150723nL5N1033T1X2/ Egyptian army officer and three soldiers were killed when a bomb planted by suspected Islamist militants exploded near Rafah, a town on border with the Gaza Strip, army said. Thu, 23 Jul 2015 13:48:25 GMT Reuters TR20150723nL5N1033T1X2 Open Amlak, Egyptian Mortgage Refinance sign deal http://www.zawya.com/story/Amlak_Egyptian_Mortgage_Refinance_sign_deal-ZAWYA20150723041338/ Amlak Finance & Real Estate Investment Company has signed a refinance contract with the Egyptian Mortgage Refinance Company worth EGP50 million (USD 6.3 million). Thu, 23 Jul 2015 05:39:03 GMT Amwal Alghad ZAWYA20150723041338 Open Egypt court sentences Mubarak-era prime minister to 5 years jail http://www.zawya.com/story/Egypt_court_sentences_Mubarakera_prime_minister_to_5_years_jail-TR20150722nL5N10230LX2/ Ahmed Nazif, a former Egyptian prime minister under ousted president Hosni Mubarak, was sentenced to five years in jail on graft charges in a retrial, judicial sources said. Thu, 23 Jul 2015 03:38:01 GMT Reuters TR20150722nL5N10230LX2 Open Egyptian columnists under fire for UAE comments http://www.zawya.com/story/Egyptian_columnists_under_fire_for_UAE_comments-GN_22072015_230724/ An Egyptian columnist has come in for harsh criticism after he claimed that the UAE, driven by personal ambitions, was wasting funds on setting up research centres to fight extremism and terrorism. Thu, 23 Jul 2015 03:34:31 GMT Gulf News GN_22072015_230724 Open At least 15 dead after boat capsizes on Nile http://www.zawya.com/story/At_least_15_dead_after_boat_capsizes_on_Nile-TR20150722nL5N1024H3X2/ At least 15 people drowned when a small boat collided with a barge and capsized on the Nile River near Cairo, Egypt's interior ministry said in a statement. Thu, 23 Jul 2015 02:54:29 GMT Reuters TR20150722nL5N1024H3X2 Open Kuwait's Al-Salam to list on Egypt exchange http://www.zawya.com/story/Kuwaits_AlSalam_to_list_on_Egypt_exchange-TR20150722nL3N1023MOX2/ Kuwait's Al-Salam Group Holding received approval to list on the Egyptian stock exchange and offer depository receipts, exchange chairman Mohamed Omran told Reuters. Wed, 22 Jul 2015 12:04:05 GMT Reuters TR20150722nL3N1023MOX2 Subscription Petrochem's strong quarter lifts Saudis; Egypt slips http://www.zawya.com/story/Petrochems_strong_quarter_lifts_Saudis_Egypt_slips-TR20150722nL5N1021HDX2/ Saudi Arabia's stock market edged up in early trade on Wed, supported by National Petrochemical Co (Petrochem) strong second-quarter earnings. Egypt's bourse slipped. Wed, 22 Jul 2015 09:25:30 GMT Reuters TR20150722nL5N1021HDX2 Subscription Wanted Egyptian militant urges jihad against Sisi http://www.zawya.com/story/Wanted_Egyptian_militant_urges_jihad_against_Sisi-TR20150722nL3N10220MX2/ One of Egypt's most wanted men, a former special forces officer turned Islamist militant commander, has condemned President Abdel Fattah al-Sisi and called for a holy war against his government. Wed, 22 Jul 2015 08:00:38 GMT Reuters TR20150722nL3N10220MX2 Open Gulf markets edge down as UAE reviews fuel prices http://www.zawya.com/story/Gulf_markets_edge_down_as_UAE_reviews_fuel_prices-TR20150722nL5N10212HX2/ Gulf stock markets were neutral to negative in early trade on Wednesday after the United Arab Emirates said it would review domestic fuel prices, with gasoline likely to become slightly more expensive but diesel initially getting cheaper. Wed, 22 Jul 2015 07:27:38 GMT Reuters TR20150722nL5N10212HX2 Subscription Egyptian Takaful Property eyes USD63m investments by end 2016 http://www.zawya.com/story/Egyptian_Takaful_Property_eyes_USD63m_investments_by_end_2016-ZAWYA20150722051442/ The Egyptian Takaful Insurance Company (Property) targets achieving investments worth 490 million Egyptian pounds (USD 62.6 million) during fiscal year 2015-16, head of investment department El-Sayed Bayoumi said. Wed, 22 Jul 2015 06:11:18 GMT Amwal Alghad ZAWYA20150722051442 Open Valeo Egypt adds 4 new states to its clients portfolio http://www.zawya.com/story/Valeo_Egypt_adds_4_new_states_to_its_clients_portfolio-ZAWYA20150722051512/ Valeo Egypt, outsourcing and software supporter, has added four new states to its clients portfolio: USA, China, India and Japan, Valeo Inter-Branch Automotive Software's General Manager Wael Abou El Maaty said. Wed, 22 Jul 2015 05:21:33 GMT Amwal Alghad ZAWYA20150722051512 Open Blue chips lift Egypt's stock market http://www.zawya.com/story/Blue_chips_lift_Egypts_stock_market-TR20150721nL5N1011HUX2/ Egypt's stock market edged up in early trade on Tuesday, supported by blue chips, but was roughly equally split between gainers and losers. Tue, 21 Jul 2015 09:17:00 GMT Reuters TR20150721nL5N1011HUX2 Subscription Most Gulf markets edge up; Galfar weighs on Oman http://www.zawya.com/story/Most_Gulf_markets_edge_up_Galfar_weighs_on_Oman-TR20150721nL5N1010YMX2/ Stock markets in the Gulf edged up in early trade on Tuesday, supported by positive earnings and expectations, but Galfar Engineering dragged down Oman's bourse after its profit slumped. Tue, 21 Jul 2015 07:22:05 GMT Reuters TR20150721nL5N1010YMX2 Subscription Dassault CEO says to raise Rafale production http://www.zawya.com/story/Dassault_CEO_says_to_raise_Rafale_production-TR20150720nL5N1001EUX2/ Egypt took delivery of the first three of its order for 24 Rafales at the military base of Istres in southeastern France. Mon, 20 Jul 2015 11:17:24 GMT Reuters TR20150720nL5N1001EUX2 Open IS claims attack on Egypt's security forces http://www.zawya.com/story/IS_claims_attack_on_Egypts_security_forces-TR20150718nL5N0ZY0HOX2/ IS Egypt affiliate said in a statement on a social media site it carried out an attack in North Sinai on military checkpoints that killed five members of country's security forces on Sat. Sun, 19 Jul 2015 05:12:44 GMT Reuters TR20150718nL5N0ZY0HOX2 Open Valeant to buy Egyptian drugmaker Amoun for about USD800m http://www.zawya.com/story/Valeant_to_buy_Egyptian_drugmaker_Amoun_for_about_USD800m-TR20150717nL4N0ZX3QWX2/ Canadian drugmaker Valeant Pharmaceuticals International Inc said it would buy Egypt's largest drugmaker, Amoun Pharmaceutical, for about USD 800 million. Sat, 18 Jul 2015 07:50:08 GMT Reuters TR20150717nL4N0ZX3QWX2 Open Piraeus Bank Egypt obtains USD10m net income in 2015 H1 http://www.zawya.com/story/Piraeus_Bank_Egypt_obtains_USD10m_net_income_in_2015_H1-ZAWYA20150718043350/ Piraeus Bank Egypt has achieved net income worth EGP80 million (USD 10.2 million) within the first half of 2015 marking 502% increase, Chief Executive and Managing Director Naira Amin said. Sat, 18 Jul 2015 07:08:34 GMT Amwal Alghad ZAWYA20150718043350 Open Hassan M. Allam starts delivering USD32m Amaar Sheraton compound http://www.zawya.com/story/Hassan_M_Allam_starts_delivering_USD32m_Amaar_Sheraton_compound-ZAWYA20150718043233/ Nasr General Contracting (Hassan M. Allam) started delivering Amaar Sheraton compound with investments worth EGP 250 million (USD 31.9 million), CEO Abdallah Khairy said. Sat, 18 Jul 2015 07:07:21 GMT Amwal Alghad ZAWYA20150718043233 Open Piraeus Bk Egypt's brand to be changed by end '15 http://www.zawya.com/story/Piraeus_Bk_Egypts_brand_to_be_changed_by_end_15-ZAWYA20150718043125/ Kuwait's Al Ahli Bank (ABK) aims to change the brand of Piraeus Bank Egypt after getting the approvals of Egypt's Central Bank (CBE) and Egyptian Financial Supervisory Authority (EFSA). Sat, 18 Jul 2015 06:46:00 GMT Amwal Alghad ZAWYA20150718043125 Open 6 Muslim Brotherhood supporters killed in Cairo http://www.zawya.com/story/6_Muslim_Brotherhood_supporters_killed_in_Cairo-TR20150717nL5N0ZX1CGX2/ Six supporters of Egypt's outlawed Muslim Brotherhood were killed in clashes with Cairo residents on Friday, the state news agency MENA reported. Fri, 17 Jul 2015 08:48:59 GMT Reuters TR20150717nL5N0ZX1CGX2 Open Islamic State says it launched rocket attack on Egypt navy vessel http://www.zawya.com/story/Islamic_State_says_it_launched_rocket_attack_on_Egypt_navy_vessel-TR20150716nL5N0ZW2QEX3/ Egypt's Islamic State affiliate said on Thursday it fired a rocket at an Egyptian naval vessel in the Mediterranean Sea near the coast of Israel and the Gaza Strip. Thu, 16 Jul 2015 16:08:41 GMT Reuters TR20150716nL5N0ZW2QEX3 Open Egypt bourse extends rally; Gulf barely moves http://www.zawya.com/story/Egypt_bourse_extends_rally_Gulf_barely_moves-TR20150716nL5N0ZW3JTX2/ Egypt's stock market continued rebounding on Thursday from 15-month lows, buoyed by positive corporate news, while Gulf bourses moved little as Eid al-Fitr holidays began in the region. Thu, 16 Jul 2015 15:44:19 GMT Reuters TR20150716nL5N0ZW3JTX2 Subscription Militants clash with Egyptian coastguard http://www.zawya.com/story/Militants_clash_with_Egyptian_coastguard-TR20150716nL5N0ZW250X2/ Militants exchanged shots with an Egyptian coastguard vessel in the Mediterranean Sea, off Sinai coast, causing it to catch fire, the military said in a statement. Thu, 16 Jul 2015 11:27:18 GMT Reuters TR20150716nL5N0ZW250X2 Open Egypt extends rally on positive news http://www.zawya.com/story/Egypt_extends_rally_on_positive_news-TR20150716nL5N0ZW1JYX2/ Egypt's stock market rose in early trade on Thurs supported by positive news from companies as well as by technical factors. Thu, 16 Jul 2015 09:18:34 GMT Reuters TR20150716nL5N0ZW1JYX2 Subscription Egypt spares journalists jail in anti-terror bill http://www.zawya.com/story/Egypt_spares_journalists_jail_in_antiterror_bill-TR20150716nL5N0ZW0YWX2/ Egypt's cabinet amended draft counter-terrorism law so that journalists would be fined, not jailed, for contradicting authorities' version of terrorist attack, state news reported. Thu, 16 Jul 2015 08:28:55 GMT Reuters TR20150716nL5N0ZW0YWX2 Open Procter & Gamble Egypt seizes 44% of detergents exports http://www.zawya.com/story/Procter__Gamble_Egypt_seizes_44_of_detergents_exports-ZAWYA20150716045637/ Egypt has captured 44% of Egypt's detergent exports at the end of May 2015, a report showed Wednesday. Thu, 16 Jul 2015 06:29:16 GMT Amwal Alghad ZAWYA20150716045637 Open SFD funds USD85.6m in Egyptian microenterprises in 6 months http://www.zawya.com/story/SFD_funds_USD856m_in_Egyptian_microenterprises_in_6_months-ZAWYA20150716045659/ Egypt's Social Fund for Development (SFD) has contributed 670 million Egyptian pounds (US$85,6 million) to finance micro-sized projects in the first half this year, official from the fund said Thu, 16 Jul 2015 06:28:43 GMT Amwal Alghad ZAWYA20150716045659 Open Egypt reverses decision to halt cotton imports - cabinet http://www.zawya.com/story/Egypt_reverses_decision_to_halt_cotton_imports__cabinet-ZAWYA20150716052544/ Egypt has reversed a decision to halt cotton imports, the cabinet said. Thu, 16 Jul 2015 05:40:18 GMT Reuters ZAWYA20150716052544 Open Telecom Egypt, Mobinil to reach interconnect deal this September http://www.zawya.com/story/Telecom_Egypt_Mobinil_to_reach_interconnect_deal_this_September-ZAWYA20150716045739/ Yasin revealed that the talks between Telecom Egypt and Mobinil have been extended to further two months. Thu, 16 Jul 2015 05:12:18 GMT Amwal Alghad ZAWYA20150716045739 Open Bedouins drawn into Egypt's Islamist fight http://www.zawya.com/story/Bedouins_drawn_into_Egypts_Islamist_fight-TR20150715nL4N0ZT4VCX2/ The tribes' local knowledge and influence will help as will the extra muscle they offer. Wed, 15 Jul 2015 10:14:01 GMT Reuters TR20150715nL4N0ZT4VCX2 Open Gulf markets edge up, Dubai's DP World surges http://www.zawya.com/story/Gulf_markets_edge_up_Dubais_DP_World_surges-TR20150715nL5N0ZV0YVX2/ Gulf stock markets edged up in early trade on Wednesday, supported by rebounding oil prices and second-quarter earnings. Wed, 15 Jul 2015 07:28:22 GMT Reuters TR20150715nL5N0ZV0YVX2 Open Works on Cairo Metro 4th line phase to start Sept http://www.zawya.com/story/Works_on_Cairo_Metro_4th_line_phase_to_start_Sept-ZAWYA20150715054116/ Egypt is to start carry out the first phase of Cairo's underground fourth line project this September, chairman of the National Authority for Tunnels (NAT) announced. Wed, 15 Jul 2015 06:53:35 GMT Amwal Alghad ZAWYA20150715054116 Open SODIC, Egypt's housing ministry to develop slums http://www.zawya.com/story/SODIC_Egypts_housing_ministry_to_develop_slums-ZAWYA20150715054559/ SODIC (OCDI) has signed a cooperation protocol with Cairo Governorate, the Holding Company for Water and Wastewater and the GIZ to connect 1000 houses to the fresh water network in Ezzbet Khair Allah. Wed, 15 Jul 2015 06:28:55 GMT Amwal Alghad ZAWYA20150715054559 Open Obama sending defense chief to Middle East to reassure on Iran http://www.zawya.com/story/Obama_sending_defense_chief_to_Middle_East_to_reassure_on_Iran-TR20150715nL2N0ZU2OLX2/ U.S. President Barack Obama is sending his defense chief next week to the Middle East, where he faces the unenviable job of reassuring allies such as Israel that a nuclear deal with Iran will not undermine America's commitment to their security. Wed, 15 Jul 2015 04:39:04 GMT Reuters TR20150715nL2N0ZU2OLX2 Open Iran deal reached, Obama hails step towards "more hopeful world" http://www.zawya.com/story/Iran_deal_reached_Obama_hails_step_towards_more_hopeful_world-TR20150714nL5N0ZU3KRX3/ Iran and six major world powers reached a nuclear deal on Tuesday, capping more than a decade of negotiations with an agreement that could transform the Middle East. Tue, 14 Jul 2015 17:36:15 GMT Reuters TR20150714nL5N0ZU3KRX3 Open Saudi slips as Iran deal puts pressure on oil; Egypt up http://www.zawya.com/story/Saudi_slips_as_Iran_deal_puts_pressure_on_oil_Egypt_up-TR20150714nL5N0ZU1GVX2/ Saudi Arabia's stocks inched down in early trade on Tues as oil prices fell on news that Iran had reached a deal with six world powers. Egypt's market rose broadly Tue, 14 Jul 2015 08:44:08 GMT Reuters TR20150714nL5N0ZU1GVX2 Subscription Dubai leads gains as Iran clinches nuclear deal http://www.zawya.com/story/Dubai_leads_gains_as_Iran_clinches_nuclear_deal-TR20150714nL5N0ZU0UCX2/ Dubai's bourse outperformed the Gulf region in early trade on Tuesday as an Iranian diplomat told Reuters that Iran and six major powers had reached an historic deal granting Tehran sanctions relief in exchange for curbs on its nuclear programme. Tue, 14 Jul 2015 07:10:55 GMT Reuters TR20150714nL5N0ZU0UCX2 Subscription Four Egyptian Banks chiefs restore full wages as max pay falls http://www.zawya.com/story/Four_Egyptian_Banks_chiefs_restore_full_wages_as_max_pay_falls-ZAWYA20150714060528/ The leaders of four banks have obtained their full wages retroactively following the cancellation of a system to apply maximum pay; high-profile governmental sources said. Tue, 14 Jul 2015 06:56:45 GMT Amwal Alghad ZAWYA20150714060528 Open French AXA Insurance acquires Egypt's CIL http://www.zawya.com/story/French_AXA_Insurance_acquires_Egypts_CIL-ZAWYA20150714060552/ French AXA Insurance Company has acquired 100% of the Commercial International Life Insurance Company (CIL) for 673 million Egyptian pounds (€88 million). Tue, 14 Jul 2015 06:55:42 GMT Amwal Alghad ZAWYA20150714060552 Open Emaar Misr achieves net sales of USD497m http://www.zawya.com/story/Emaar_Misr_achieves_net_sales_of_USD497m-ZAWYA20150714060627/ Emaar Misr for Development has achieved EGP3.91 billion (USD 497 million ) within the first half of 2015 marking 20% increase compared to EGP3.26 billion at the same period of 2014, led by its Mivida and Marassi projects. Tue, 14 Jul 2015 06:54:12 GMT Amwal Alghad ZAWYA20150714060627 Open Saudi flat on mixed outlook; Egyptian rally ends http://www.zawya.com/story/Saudi_flat_on_mixed_outlook_Egyptian_rally_ends-TR20150713nL5N0ZT1QWX2/ Saudi Arabia's stock market was little changed in early trade on Mon,, with looming Iran nuclear deal offsetting positive news from Greece, while Egypt's bourse edged lower. Mon, 13 Jul 2015 09:55:54 GMT Reuters TR20150713nL5N0ZT1QWX2 Subscription Egypt's Amer Group to establish offshore in Dubai http://www.zawya.com/story/Egypts_Amer_Group_to_establish_offshore_in_Dubai-ZAWYA20150713054117/ Amer Group Holding's Board of Directors approved to establish limited offshore Company in free zone at Jebel Ali, Dubai, under the name "Porto International Group Investments, limited". Mon, 13 Jul 2015 08:44:14 GMT Amwal Alghad ZAWYA20150713054117 Open Egypt's Emaar Misr H1 net sales grow by 20% http://www.zawya.com/story/Egypts_Emaar_Misr_H1_net_sales_grow_by_20-TR20150713nL5N0ZT1DKX3/ Egyptian developer Emaar Misr reported a 20% rise in first-half net sales to EGP3.91 billion (USD499.36 million) led by its Mivida and Marassi projects. Mon, 13 Jul 2015 08:19:49 GMT Reuters TR20150713nL5N0ZT1DKX3 Subscription Mohammed bin Rashid Establishment distributes 4000 food parcels in Egypt http://www.zawya.com/story/Mohammed_bin_Rashid_Establishment_distributes_4000_food_parcels_in_Egypt-WAM20150712125052135/ Mohammed bin Rashid Al Maktoum Charity convoys have completed distribution of aid during Ramadan in a number of Egyptian governorates. Mon, 13 Jul 2015 07:30:56 GMT WAM (Emirates News Agency) WAM20150712125052135 Open NBE pumps USD191m credit facilities into three companies http://www.zawya.com/story/NBE_pumps_USD191m_credit_facilities_into_three_companies-ZAWYA20150713053611/ The National Bank of Egypt (NBE) has pumped credit facilities worth 1.5 billion Egyptian pounds (US$ 191.5 million) into three companies. Mon, 13 Jul 2015 07:09:12 GMT Amwal Alghad ZAWYA20150713053611 Open Trade minister opens solar panels factory in Alexandria http://www.zawya.com/story/Trade_minister_opens_solar_panels_factory_in_Alexandria-ZAWYA20150713053747/ Minister of Trade and Industry Mounir Fakhry Abdel Nour inaugurates First for Solar Energy (S.A.E.) - affiliated to First for Engineering Industries Company- for producing solar panels. Mon, 13 Jul 2015 06:42:56 GMT Amwal Alghad ZAWYA20150713053747 Open Blue chips push up Saudi market; Egypt continues rebound http://www.zawya.com/story/Blue_chips_push_up_Saudi_market_Egypt_continues_rebound-TR20150712nL5N0ZS08QX2/ Buying in beaten-down blue chips lifted Saudi stock market early on Sun, while Egypt's market continued to rise. Sun, 12 Jul 2015 09:04:35 GMT Reuters TR20150712nL5N0ZS08QX2 Subscription Egypt to begin food imports via direct order http://www.zawya.com/story/Egypt_to_begin_food_imports_via_direct_order-TR20150712nL5N0ZS03WX4/ Egypt will not issue new tenders to import cooking oil, meat, frozen chicken or fruits and vegetables, the supplies ministry spokesman said. Sun, 12 Jul 2015 07:19:44 GMT Reuters TR20150712nL5N0ZS03WX4 Subscription Egypt's fertilizers exports dropped by USD230m in 5 months http://www.zawya.com/story/Egypts_fertilizers_exports_dropped_by_USD230m_in_5_months-ZAWYA20150712064133/ The exports of Egyptian fertilizers sector have been decreased by EGP 1.8 billion (US$ 229.8 million) within the first five months of 2015. Sun, 12 Jul 2015 06:52:44 GMT Amwal Alghad ZAWYA20150712064133 Open UAE investments in Egypt surge in Q1 http://www.zawya.com/story/UAE_investments_in_Egypt_surge_in_Q1-ZAWYA20150712064056/ Central Bank of Egypt data showed that UAE investments in Egypt totaled USD 843 million at the end of March 2015 compared to US$131 million at the end of 2014. Sun, 12 Jul 2015 06:51:13 GMT Amwal Alghad ZAWYA20150712064056 Open Egypt: EFSA ratifies $255m investments for private insurance funds http://www.zawya.com/story/Egypt_EFSA_ratifies_255m_investments_for_private_insurance_funds-ZAWYA20150712064204/ Egyptian Financial Supervisory Authority (EFSA) has endorsed investments worth EGP2 billion (US$ 255.3 million) for private insurance funds within the first five months of 2015. Sun, 12 Jul 2015 06:48:35 GMT Amwal Alghad ZAWYA20150712064204 Open Saudi Arabia has education hub for Egyptians http://www.zawya.com/story/Saudi_Arabia_has_education_hub_for_Egyptians-ZAWYA20150712032702/ Saudi Arabia runs the largest educational mission for Egyptians in the world as it hosts around 250,000 Egyptian students, from kindergarten to doctoral studies, an official said. Sun, 12 Jul 2015 06:29:46 GMT Arab News ZAWYA20150712032702 Open Arab tourists to Egypt keep growing in the first 5 months http://www.zawya.com/story/Arab_tourists_to_Egypt_keep_growing_in_the_first_5_months-ZAWYA20150712034854/ Efforts by the Egyptian Ministry of Tourism and the Egyptian Tourism Authority (ETA) to revive tourism to the country continue to be reflected in the sustained growth of visitors to Egypt . Sun, 12 Jul 2015 06:27:52 GMT The Saudi Gazette ZAWYA20150712034854 Open Mideast to ramp up spending on cybersecurity http://www.zawya.com/story/Mideast_to_ramp_up_spending_on_cybersecurity-ZAWYA20150712035353/ Regional governments see cybercrime as a growing threat and together are set to invest heavily on cybersecurity over the next four years, according to experts. Sun, 12 Jul 2015 05:18:47 GMT The Saudi Gazette ZAWYA20150712035353 Open IS claims bombing at Italian consulate in Cairo http://www.zawya.com/story/IS_claims_bombing_at_Italian_consulate_in_Cairo-TR20150711nL8N0ZR038X5/ Islamic State claimed responsibility for a car bomb attack at the Italian consulate in central Cairo. Sun, 12 Jul 2015 04:09:11 GMT Reuters TR20150711nL8N0ZR038X5 Open One person killed in Cairo bombing at Italian consulate http://www.zawya.com/story/One_person_killed_in_Cairo_bombing_at_Italian_consulate-TR20150711nL8N0ZR038X4/ A bomb exploded in front of the Italian consulate in Cairo on Saturday, killing one person, officials said, raising the possibility that Islamist militants will open a new front against foreigners in Egypt. Sat, 11 Jul 2015 11:07:54 GMT Reuters TR20150711nL8N0ZR038X4 Open