Zawya.com - Egypt Top Stories http://www.zawya.com/top-stories/rss/egypt/ en-us Copyright 2014 Zawya Ltd. All rights reserved. Mon, 01 Sep 2014 05:22:00 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 Mobinil invests EGP2bn to develop its network: CEO http://www.zawya.com/story/Mobinil_invests_EGP2bn_to_develop_its_network_CEO-ZAWYA20140902052254/ Managing Director and CEO of Mobinil Yves Gauthier has stated that Orange Group is owning around 94% from Mobinil's shares and it is responsible for Mobinil's Management and policies according to the Egyptian regulations and laws. Tue, 02 Sep 2014 08:33:55 GMT Amwal Alghad ZAWYA20140902052254 Open EALB inks settlement deals with customer in default worth EGP300m http://www.zawya.com/story/EALB_inks_settlement_deals_with_customer_in_default_worth_EGP300m-ZAWYA20140902052223/ Egyptian Arab Land Bank(EALB), Suez Canal Bank and Bank Barclays signed settlement contracts with customer in default worth EGP300 million. Tue, 02 Sep 2014 07:00:37 GMT Amwal Alghad ZAWYA20140902052223 Open Egypt fatwa bans online chats between sexes http://www.zawya.com/story/Egypt_fatwa_bans_online_chats_between_sexes-GN_01092014_020940/ Egypt’s top Islamic authority has prohibited online chat between unrelated men and women, triggering a big controversy in the country. Tue, 02 Sep 2014 04:59:52 GMT Gulf News GN_01092014_020940 Open EFG Hermes allocates EGP50m for integrated development projects in upper Egypt's impoverished villages http://www.zawya.com/story/EFG_Hermes_allocates_EGP50m_for_integrated_development_projects_in_upper_Egypts_impoverished_villages-ZAWYA20140901114643/ EFG Hermes - the leading investment bank in the Arab world - donated EGP50 million to the EFG Hermes Foundation for Social Development. Mon, 01 Sep 2014 12:43:32 GMT Press Release ZAWYA20140901114643 Open Egypt revises up July annual inflation to 11.04% http://www.zawya.com/story/Egypt_revises_up_July_annual_inflation_to_1104-ZAWYA20140901073003/ Egypt revised up its annual consumer price inflation rate to 11.04 percent for July from an earlier figure of 10.61 percent, the statistics agency said on Monday, after the government cut subsidies on fuel. Mon, 01 Sep 2014 07:43:15 GMT Reuters ZAWYA20140901073003 Open UAE to provide Egypt with USD8.7 bn petroleum products - source http://www.zawya.com/story/UAE_to_provide_Egypt_with_USD87_bn_petroleum_products__source-ZAWYA20140901055013/ The United Arab Emirates will provide Egypt with petroleum products worth USD8.7 billion over a year starting in September, an Egyptian official told Reuters on Sunday. Mon, 01 Sep 2014 07:27:16 GMT Amwal Alghad ZAWYA20140901055013 Open Solb Misr Seen EGP1bn losses in 2014 as energy crisis intensifies http://www.zawya.com/story/Solb_Misr_Seen_EGP1bn_losses_in_2014_as_energy_crisis_intensifies-ZAWYA20140901055223/ Egyptian steel group, Solb Misr is likely to end this year with total losses of one billion Egyptian pounds amid the group's severe shortage in energy supplies, said owner and chairman Gamal El-Garhy. Mon, 01 Sep 2014 07:25:55 GMT Amwal Alghad ZAWYA20140901055223 Open Egypt Central Bank sees interest rates unchanged tomorrow http://www.zawya.com/story/Egypt_Central_Bank_sees_interest_rates_unchanged_tomorrow-ZAWYA20140901055256/ Egypt's Central Bank is expected to keep key interest rates, deposit and lending rates unchanged on its upcoming meeting on Monday, bankers told Amwal Al Ghad. Mon, 01 Sep 2014 07:24:52 GMT Amwal Alghad ZAWYA20140901055256 Open Egypt C.Bank to return USD2.5bn to Qatar In Q4 2014 http://www.zawya.com/story/Egypt_CBank_to_return_USD25bn_to_Qatar_In_Q4_2014-ZAWYA20140901055838/ The Central Bank of Egypt (CBE) will return USD 2.5 billion in deposits to Qatar this year as requested by the Gulf Arab state, Governor Hisham Ramez told Zawya. Mon, 01 Sep 2014 07:24:07 GMT Amwal Alghad ZAWYA20140901055838 Open Kellogg Co makes bid approach to Egypt's Bisco Misr-statement http://www.zawya.com/story/Kellogg_Co_makes_bid_approach_to_Egypts_Bisco_Misrstatement-TR20140831nL5N0R10B7X2/ Kellogg Co, the world's top breakfast cereal maker, is interested in acquiring at least a 51 percent stake in Bisco Misr, the Egyptian snack maker, Bisco Misr said in a statement on Sunday. Sun, 31 Aug 2014 09:22:30 GMT Reuters TR20140831nL5N0R10B7X2 Open New Suez Canal project to boost Saudi-Egypt ties http://www.zawya.com/story/New_Suez_Canal_project_to_boost_SaudiEgypt_ties-ZAWYA20140831033237/ A leading Riyadh-based planning, design, management and supervision consultancy has been awarded a major Egypt contract for the expansion of Suez Canal. Sun, 31 Aug 2014 07:41:07 GMT Arab News ZAWYA20140831033237 Open BG Egypt enhances gas infrastructure http://www.zawya.com/story/BG_Egypt_enhances_gas_infrastructure-ZAWYA20140831055533/ Upgraded well control system can manage production from additional wells simultaneously. Sun, 31 Aug 2014 06:34:39 GMT Amwal Alghad ZAWYA20140831055533 Open Egyptian court sentences Brotherhood leader Badie to life in prison http://www.zawya.com/story/Egyptian_court_sentences_Brotherhood_leader_Badie_to_life_in_prison-TR20140830nL5N0R00CBX2/ An Egyptian court sentenced Mohamed Badie, general guide of the outlawed Muslim Brotherhood, and seven others to life in prison on Saturday for inciting violence during protests last year, judicial sources said. Sat, 30 Aug 2014 12:07:02 GMT Reuters TR20140830nL5N0R00CBX2 Open SFD: Japan, UNDP Secure EGP25.5m for labour-intensive projects in Egypt http://www.zawya.com/story/SFD_Japan_UNDP_Secure_EGP255m_for_labourintensive_projects_in_Egypt-ZAWYA20140829065018/ Japan and UNDP are providing financing worth EGP 25.5 million for labour-intensive infrastructure projects in Egypt. Fri, 29 Aug 2014 07:25:34 GMT Amwal Alghad ZAWYA20140829065018 Open Huawei Egypt's revenues up to USD300m in 2013 http://www.zawya.com/story/Huawei_Egypts_revenues_up_to_USD300m_in_2013-ZAWYA20140829065246/ Huawei Egypt's revenues reached around USD 300 million within the last year. Fri, 29 Aug 2014 07:25:25 GMT Amwal Alghad ZAWYA20140829065246 Open EU's €500m aid to Egypt still pending, awaits IMF's credentials http://www.zawya.com/story/EUs_500m_aid_to_Egypt_still_pending_awaits_IMFs_credentials-ZAWYA20140829064916/ The European Union's €500 million financial aid package to Egypt remains pending, despite being formerly linked to electing a new president for the country. Fri, 29 Aug 2014 06:52:08 GMT Amwal Alghad ZAWYA20140829064916 Open ABA-Egypt finances 12.000 loans worth EGP75m within August http://www.zawya.com/story/ABAEgypt_finances_12000_loans_worth_EGP75m_within_August-ZAWYA20140829064853/ Alexandria Business Association (ABA) Small & Microenterprise Project pumped finance worth EGP75 million for 12.000 loans in the last August. Fri, 29 Aug 2014 06:51:37 GMT Amwal Alghad ZAWYA20140829064853 Open Egypt queries Mursi over documents "leaked" to Al Jazeera -security sources http://www.zawya.com/story/Egypt_queries_Mursi_over_documents_leaked_to_Al_Jazeera_security_sources-TR20140828nL5N0QY5GCX2/ Egypt is investigating jailed ex-president Mohamed Mursi in connection with documents that judicial investigators say were leaked to the Qatar-based Al Jazeera satellite news channel, security sources said. Fri, 29 Aug 2014 05:37:58 GMT Reuters TR20140828nL5N0QY5GCX2 Open Egypt cenbank seek keeping rates on hold - poll http://www.zawya.com/story/Egypt_cenbank_seek_keeping_rates_on_hold__poll-TR20140828nL5N0QY2V7X2/ Egypt's central bank is expected to keep interest rates on hold on Monday, a Reuters poll showed, in an attempt to balance inflationary pressures and the need to stimulate an economy suffering from more than three years of stagnation. Thu, 28 Aug 2014 11:34:00 GMT Reuters TR20140828nL5N0QY2V7X2 Open Sinai militant group says it beheaded four Egyptians http://www.zawya.com/story/Sinai_militant_group_says_it_beheaded_four_Egyptians-TR20140828nL3N0QY32IX2/ A Sinai-based militant group said on Thursday it had beheaded four Egyptians, accusing them of providing Israel with intelligence for an airstrike that killed three of its fighters. Thu, 28 Aug 2014 10:14:59 GMT Reuters TR20140828nL3N0QY32IX2 Open Egyptian Takaful Life to promote products via 2 banks by October http://www.zawya.com/story/Egyptian_Takaful_Life_to_promote_products_via_2_banks_by_October-ZAWYA20140828052531/ Managing Director of Egyptian Takaful Company (Life) GIG Hisham Abdel Shakour revealed that the company plans activating marketing its products through Audi and Abu Dhabi Islamic banks by October. Thu, 28 Aug 2014 06:27:31 GMT Amwal Alghad ZAWYA20140828052531 Open SFD Egypt eyes French Development Agency's EUR80m Finance, EU's EUR15m grant http://www.zawya.com/story/SFD_Egypt_eyes_French_Development_Agencys_EUR80m_Finance_EUs_EUR15m_grant-ZAWYA20140828054810/ Egypt's Social Fund for Development (SFD) is currently in talks with the French Development Agency (Agence Française de Développement AFD) over EUR80 million finances. Thu, 28 Aug 2014 06:25:45 GMT Amwal Alghad ZAWYA20140828054810 Open Egypt in talks with Chicago Merc to build biggest commodities exchange in MENA http://www.zawya.com/story/Egypt_in_talks_with_Chicago_Merc_to_build_biggest_commodities_exchange_in_MENA-ZAWYA20140828055031/ Egypt plans to get benefit from the Chicago Mercantile Exchange (CME)'s wide expertise, seeking to establish its first and biggest commodities exchange in the Middle East. Thu, 28 Aug 2014 06:24:20 GMT Amwal Alghad ZAWYA20140828055031 Open 6 banks allocate EGP1bn to launch Assiut power plant http://www.zawya.com/story/6_banks_allocate_EGP1bn_to_launch_Assiut_power_plant-ZAWYA20140828055423/ National Bank of Egypt (NBE), Banque Misr, Commercial Bank of Egypt (CIB), Arab African International Bank (AAIB) , QNB Al Ahli and Faisal Islamic bank agreed to allocate EGP1 billion from South Helwan Power Plant's loan. Thu, 28 Aug 2014 06:23:26 GMT Amwal Alghad ZAWYA20140828055423 Open Suez project: Egypt seeks expat support http://www.zawya.com/story/Suez_project_Egypt_seeks_expat_support-ZAWYA20140828034832/ The Egyptian government is planning to turn to Egyptian nationals working in the Kingdom to secure funds for the expansion of the prestigious Suez Canal. Thu, 28 Aug 2014 05:10:12 GMT Arab News ZAWYA20140828034832 Open Gaza deal seen as boosting Egypt and Abbas http://www.zawya.com/story/Gaza_deal_seen_as_boosting_Egypt_and_Abbas-GN_27082014_280811/ An Egyptian-brokered deal that ended seven weeks of Israel’s devastating war in the Palestinian Gaza is set to consolidate the clout of Egypt and Palestinian President Mahmoud Abbas, according to analysts. Thu, 28 Aug 2014 04:43:58 GMT Gulf News GN_27082014_280811 Open INTERVIEW-Egypt's Qalaa expects over USD500mn from non-core asset sales http://www.zawya.com/story/INTERVIEWEgypts_Qalaa_expects_over_USD500mn_from_noncore_asset_sales-ZAWYA20140827085803/ Investment firm Qalaa Holdings plans to divest non-core assets worth more than USD 500 million, the managing director said. Wed, 27 Aug 2014 09:25:53 GMT Zawya ZAWYA20140827085803 Open EGP250m worth of new fishing port in Egypt's Borg Meghezel this year http://www.zawya.com/story/EGP250m_worth_of_new_fishing_port_in_Egypts_Borg_Meghezel_this_year-ZAWYA20140827055342/ Governor of Kafr El-Sheikh Mohamed Agwa revealed that fishing port in Borg Meghezel-Kafr El Sheikh Egypt will be established this year with EGP250 million total investments. Wed, 27 Aug 2014 07:01:45 GMT Amwal Alghad ZAWYA20140827055342 Open Samsung plans to invest usd35m in its Egypt-based factory - Official http://www.zawya.com/story/Samsung_plans_to_invest_usd35m_in_its_Egyptbased_factory__Official-ZAWYA20140827055410/ Technology giant, Samsung Electronics plans to pump new investments of up to USD35 million in its Egypt-based factory, head of the General Authority for Investment Hassan Fahmy announced. Wed, 27 Aug 2014 07:00:08 GMT Amwal Alghad ZAWYA20140827055410 Open EU approves EUR50m grant to Egypt's SFD - Official http://www.zawya.com/story/EU_approves_EUR50m_grant_to_Egypts_SFD__Official-ZAWYA20140827060136/ The European Union has recently approved a EUR50 million grant in favour of the Egyptian Social Fund for Development (SFD), said Ambassador James Moran, Head of EU Delegation to Egypt. Wed, 27 Aug 2014 06:55:54 GMT Amwal Alghad ZAWYA20140827060136 Open Arab Contractors seeks to double Algeria business, ink new deals mid-September http://www.zawya.com/story/Arab_Contractors_seeks_to_double_Algeria_business_ink_new_deals_midSeptember-ZAWYA20140827060205/ Egypt's leading construction firm, Arab Contractors Company (AC) will sign next September new contracts to implement a number of housing projects in Algeria, said board member Ashraf Rateb. Wed, 27 Aug 2014 06:53:59 GMT Amwal Alghad ZAWYA20140827060205 Open 4 Egyptian banks agree to raise Mobinil's loan to EGP1bn http://www.zawya.com/story/4_Egyptian_banks_agree_to_raise_Mobinils_loan_to_EGP1bn-ZAWYA20140827060245/ National Bank of Egypt (NBE), Industrial Development and Workers bank (IDWB), Egyptian Gulf Bank (EGB), Blom bank agreed to raise Mobinil's loan value to EGP1 billion instead of EGP815 million after less than 1 month from the sign of finance. Wed, 27 Aug 2014 06:52:39 GMT Amwal Alghad ZAWYA20140827060245 Open Orascom Development Registers CHF 31.5 m profits in H1 http://www.zawya.com/story/Orascom_Development_Registers_CHF_315_m_profits_in_H1-ZAWYA20140827060324/ Orascom Development Holding AG's (ODHN) (Orascom Development) revenues increased in 1H 2014 by 2% to CHF 120.6 million (1H 2013: CHF 118.3 million). Wed, 27 Aug 2014 06:51:17 GMT Amwal Alghad ZAWYA20140827060324 Open CPC buys Qalaa's Sphinx Glass http://www.zawya.com/story/CPC_buys_Qalaas_Sphinx_Glass-ZAWYA20140827043546/ Construction Products Holding Company (CPC) will sign on Tuesday the transfer of ownership of Sphinx Glass from Qalaa Holdings, formerly known as Citadel Capital, to the former, with a value of EGP1.3 billion. Wed, 27 Aug 2014 05:46:26 GMT The Saudi Gazette ZAWYA20140827043546 Open INTERVIEW-Wife of imprisoned aide to Egypt's Mursi brings case to U.N. http://www.zawya.com/story/INTERVIEWWife_of_imprisoned_aide_to_Egypts_Mursi_brings_case_to_UN-ZAWYA20140827044638/ The Canadian wife of an ex-aide to Egyptian Islamist president Mohamed Mursi, whose husband has been detained more than 400 days in solitary confinement, says she has brought a case to the United Nations this week. Wed, 27 Aug 2014 05:05:29 GMT Reuters ZAWYA20140827044638 Subscription Gaza ceasefire takes hold as focus turns to longer term http://www.zawya.com/story/Gaza_ceasefire_takes_hold_as_focus_turns_to_longer_term-ZAWYA20140827044134/ A ceasefire between Israel and the Palestinians aimed at ending their seven-week conflict in Gaza appeared to be holding early on Wednesday as the focus shifted to securing an arrangement for the long term. Wed, 27 Aug 2014 04:45:24 GMT Reuters ZAWYA20140827044134 Open U.S. backs off statement that Egypt, UAE were behind Libya air strikes http://www.zawya.com/story/US_backs_off_statement_that_Egypt_UAE_were_behind_Libya_air_strikes-TR20140827nL1N0QX05LX2/ The U.S. State Department on Tuesday backed off an earlier statement that Egypt and the United Arab Emirates were behind air strikes on Islamist militants in Libya. Wed, 27 Aug 2014 04:21:57 GMT Reuters TR20140827nL1N0QX05LX2 Open Palestinians say permanent Gaza ceasefire reached http://www.zawya.com/story/Palestinians_say_permanent_Gaza_ceasefire_reached-GN_26082014_270849/ Palestinian officials said on Tuesday a Gaza ceasefire deal with Israel has been reached under Egyptian mediation and a formal announcement of an agreement was imminent. Wed, 27 Aug 2014 04:21:40 GMT Gulf News GN_26082014_270849 Open Libyan raids could herald bolder Arab action as U.S. wavers http://www.zawya.com/story/Libyan_raids_could_herald_bolder_Arab_action_as_US_wavers-TR20140827nL5N0QW4P4X3/ Air strikes against Libyan Islamist militants that U.S. officials had said were staged by Egypt and the United Arab Emirates could mark an escalation of a regional struggle over the future of the Arab world. Wed, 27 Aug 2014 04:21:00 GMT Reuters TR20140827nL5N0QW4P4X3 Open Misr Insurance Holding to announce for new leasing firm within weeks http://www.zawya.com/story/Misr_Insurance_Holding_to_announce_for_new_leasing_firm_within_weeks-ZAWYA20140826052618/ Misr Insurance Holding Company Chairman Dr. Mohamed Youssef said it is expected that the company will announce for launching Leasing firm within the coming weeks with EGP100 million capital. Tue, 26 Aug 2014 09:03:44 GMT Amwal Alghad ZAWYA20140826052618 Open At least 19 killed in bus crash in Egypt's Luxor - state media http://www.zawya.com/story/At_least_19_killed_in_bus_crash_in_Egypts_Luxor__state_media-TR20140826nL5N0QW0USX2/ At least 19 people were killed when two minibuses fell into a canal near Egypt's tourist city of Luxor. Tue, 26 Aug 2014 07:14:25 GMT Reuters TR20140826nL5N0QW0USX2 Open CEC: Egypt Eyes EGP12bn plastics exports at end-2014 http://www.zawya.com/story/CEC_Egypt_Eyes_EGP12bn_plastics_exports_at_end2014-ZAWYA20140826052810/ Egypt is aiming to register plastic exports amounting to EGP12 billion by the end of the current year, move up by 100% growth rates in compared to the last year. Tue, 26 Aug 2014 06:40:40 GMT Amwal Alghad ZAWYA20140826052810 Open Egypt Post's Investments up to EGP42.4bn in FY13/14 http://www.zawya.com/story/Egypt_Posts_Investments_up_to_EGP424bn_in_FY1314-ZAWYA20140826052740/ The total value of Egypt Post's investments reached around EGP135 billion within the end of the fiscal year of 2013/2014, Vice Chairman, Chief Investment Officer & Head of Treasury at Egypt Post Ahmed Fathallah revealed. Tue, 26 Aug 2014 06:38:54 GMT Amwal Alghad ZAWYA20140826052740 Open Suez Canal revenue surges 8.6% to USD482.2m in July http://www.zawya.com/story/Suez_Canal_revenue_surges_86_to_USD4822m_in_July-ZAWYA20140826053108/ Suez Canal's revenue surged by 8.6 % in July to USD482.2 million, from USD443.9 million in June, according to State Information portal. Tue, 26 Aug 2014 06:38:01 GMT Amwal Alghad ZAWYA20140826053108 Open Barclays Egypt Attains 5.4% surge in H1 Profits http://www.zawya.com/story/Barclays_Egypt_Attains_54_surge_in_H1_Profits-ZAWYA20140826053036/ Barclays Egypt published its first half results on Monday, showing a 5.4% year-on-year surge in profits to register 244.5 million Egyptian pounds (USD 34.2 million).I Tue, 26 Aug 2014 06:36:45 GMT Amwal Alghad ZAWYA20140826053036 Open SFD, UNDP to ink EGP25m grant pact for labor-intensive projects in Egypt http://www.zawya.com/story/SFD_UNDP_to_ink_EGP25m_grant_pact_for_laborintensive_projects_in_Egypt-ZAWYA20140826053558/ Egypt's Social Fund for Development (SFD) will sign next Thursday an agreement with the United Nations Development Programme (UNDP) over a EGP 25 million grant to finance labour-intensive projects.In this respect. Tue, 26 Aug 2014 06:35:44 GMT Amwal Alghad ZAWYA20140826053558 Open Qatar requests return of USD3bn deposit from Egypt http://www.zawya.com/story/Qatar_requests_return_of_USD3bn_deposit_from_Egypt-ZAWYA20140826053612/ Qatar is requesting the return of its USD3 billion deposited in the Central Bank of Egypt (CBE), said an Egyptian government official, who spoke on condition of anonymity. Tue, 26 Aug 2014 06:29:30 GMT Amwal Alghad ZAWYA20140826053612 Open Egypt sacks electricity officials amid energy crisis http://www.zawya.com/story/Egypt_sacks_electricity_officials_amid_energy_crisis-GN_25082014_260804/ Egypt, gripped by an acute energy crisis, has sacked at least eight senior officials in the state-run electricity companies over suspected links with the banned Muslim Brotherhood. Tue, 26 Aug 2014 05:39:22 GMT Gulf News GN_25082014_260804 Open U.S. works with Jordan, Europeans at UN on Gaza ceasefire draft http://www.zawya.com/story/US_works_with_Jordan_Europeans_at_UN_on_Gaza_ceasefire_draft-ZAWYA20140826042913/ The United States has prepared its own draft outline for a U.N. resolution demanding a ceasefire between Israel and the Palestinians in the Gaza Strip and is now working with European powers and Jordan on a joint text. Tue, 26 Aug 2014 05:05:45 GMT Reuters ZAWYA20140826042913 Subscription Egypt, UAE carried out Tripoli air strikes -U.S. officials http://www.zawya.com/story/Egypt_UAE_carried_out_Tripoli_air_strikes_US_officials-TR20140825nL1N0QV1NIX2/ Egypt and the United Arab Emirates were responsible for carrying out two series of air strikes in the past week on armed Islamist factions in Tripoli, Libya, U.S. officials said on Monday. Tue, 26 Aug 2014 03:06:17 GMT Reuters TR20140825nL1N0QV1NIX2 Open No let-up in Gaza war as Egypt presses on with truce efforts http://www.zawya.com/story/No_letup_in_Gaza_war_as_Egypt_presses_on_with_truce_efforts-ZAWYA20140825114956/ Israeli air strikes killed at least five Palestinians in the Gaza Strip and militants kept up their rocket fire on southern Israel on Monday, witnesses and officials said, as Egypt pressed on with efforts to broker a durable truce. Mon, 25 Aug 2014 12:08:56 GMT Reuters ZAWYA20140825114956 Subscription Sharquity brings crowdfunding platform to Egypt http://www.zawya.com/story/Sharquity_brings_crowdfunding_platform_to_Egypt-ZAWYA20140825085259/ Sharquity Team, has realized a platform based on the concept of crowdfunding in order to create a better link between ideas, support and investment. Mon, 25 Aug 2014 09:38:57 GMT Press Release ZAWYA20140825085259 Open IDC, ITIDA to help Egyptian ICT firms penetrate Africa markets http://www.zawya.com/story/IDC_ITIDA_to_help_Egyptian_ICT_firms_penetrate_Africa_markets-ZAWYA20140825085521/ The Africa Together initiative aims to assist Egyptian ICT firms in penetrating high-growth markets across Africa. Mon, 25 Aug 2014 09:34:26 GMT Press Release ZAWYA20140825085521 Open HSBC Posts EGP745m standalone profits for H1 in Egypt http://www.zawya.com/story/HSBC_Posts_EGP745m_standalone_profits_for_H1_in_Egypt-ZAWYA20140825060301/ HSBC Egypt published its first half results on Sunday, showing 744.794 million Egyptian pounds (USD104.15 million) standalone net profits. Mon, 25 Aug 2014 06:51:29 GMT Amwal Alghad ZAWYA20140825060301 Open Qalaa Holdings concludes Sphinx Glass sale at USD114.2m http://www.zawya.com/story/Qalaa_Holdings_concludes_Sphinx_Glass_sale_at_USD1142m-ZAWYA20140825055703/ Qalaa Holdings (CCAP, Formerly Citadel Capital), announced Sunday that it has concluded the sale of 100% of Sphinx Glass to Saudi Arabia's Construction Products Holding Company (CPC), through its subsidiary CPC Emirates. Mon, 25 Aug 2014 06:50:20 GMT Amwal Alghad ZAWYA20140825055703 Open Samsung Egypt provides tech-infrastructure for 40 youth centers http://www.zawya.com/story/Samsung_Egypt_provides_techinfrastructure_for_40_youth_centers-ZAWYA20140825055534/ Samsung Electronics Egypt has launched new initiative in collaboration with Ministry of Youth and Sport in order to finance and provide the developed hardware and equipments in 40 computer lab for 40 Youth Centers in 13 Egyptian governorates. Mon, 25 Aug 2014 06:48:30 GMT Amwal Alghad ZAWYA20140825055534 Open Egypt seeks to have first, biggest commodities exchange in MENA http://www.zawya.com/story/Egypt_seeks_to_have_first_biggest_commodities_exchange_in_MENA-ZAWYA20140825055456/ Egypt plans to launch the first and biggest commodities exchange in the Middle East in the coming period, said Minister of Supply Khaled Hanafy. Mon, 25 Aug 2014 06:47:28 GMT Amwal Alghad ZAWYA20140825055456 Open SAIB in talks with Palm Hills' loan arrangers over EGP200m stake http://www.zawya.com/story/SAIB_in_talks_with_Palm_Hills_loan_arrangers_over_EGP200m_stake-ZAWYA20140825055229/ Société Arabe Internationale de Banque (SAIB) is currently negotiating with the arranged banks for Egypt-based real estate developer Palm Hills Development loan. Mon, 25 Aug 2014 06:46:25 GMT Amwal Alghad ZAWYA20140825055229 Open USD471m loan talks for Port Said's new container terminal project halted http://www.zawya.com/story/USD471m_loan_talks_for_Port_Saids_new_container_terminal_project_halted-ZAWYA20140825055141/ The General Authority for Port Said Ports decided to halt its talks with the National Bank of Egypt (NBE) and Banque Misr over a USD471 million finance to establish a new container terminal. Mon, 25 Aug 2014 06:42:57 GMT Amwal Alghad ZAWYA20140825055141 Open BP announces first gas from DEKA project offshore Egypt http://www.zawya.com/story/BP_announces_first_gas_from_DEKA_project_offshore_Egypt-ZAWYA20140825055628/ BP Egypt announced first gas from the DEKA project offshore Egypt with the start of production from the Denise South-6 well at an initial rate of 50 million cubic feet per day. Mon, 25 Aug 2014 06:41:38 GMT Amwal Alghad ZAWYA20140825055628 Open Suez Canal Life plans launching new product for health insurance http://www.zawya.com/story/Suez_Canal_Life_plans_launching_new_product_for_health_insurance-ZAWYA20140825055206/ Suez Canal Life Insurance Company is planning launching new product for health insurance within the upcoming period after Egyptian Financial Supervisory Authority (EFSA) will approve on it, Managing Director Ahmed Shoukry said. Mon, 25 Aug 2014 06:41:31 GMT Amwal Alghad ZAWYA20140825055206 Open Al Sissi denies military action in Libya http://www.zawya.com/story/Al_Sissi_denies_military_action_in_Libya-GN_24082014_250822/ Cairo Egyptian President Abdul Fattah Al Sissi Sunday denied that his country is involved in the ongoing fighting between rival militias in neighbouring Libya. Mon, 25 Aug 2014 04:19:41 GMT Gulf News GN_24082014_250822 Open BP announces first gas from DEKA Project, offshore Egypt http://www.zawya.com/story/BP_announces_first_gas_from_DEKA_Project_offshore_Egypt-ZAWYA20140824071255/ BP Egypt today announced first gas from the DEKA project offshore Egypt with the start of production from the Denise South-6 well at an initial rate of 50 million cubic feet per day (mmscf/d). Sun, 24 Aug 2014 07:40:12 GMT Press Release ZAWYA20140824071255 Open Egypt calls for Gaza ceasefire as fighting rages http://www.zawya.com/story/Egypt_calls_for_Gaza_ceasefire_as_fighting_rages-ZAWYA20140824053805/ Egypt called on Israel and the Palestinians on Saturday to halt hostilities and resume peace talks, but both sides kept up attacks, including an Israeli air strike which destroyed a residential tower block in the centre of Gaza City. Sun, 24 Aug 2014 06:25:07 GMT Reuters ZAWYA20140824053805 Open NBE signs protocol with Misr El Kheir to pay off debtors' dues http://www.zawya.com/story/NBE_signs_protocol_with_Misr_El_Kheir_to_pay_off_debtors_dues-ZAWYA20140822061418/ Chairman of National Bank of Egypt (NBE) Hisham Okasha, has signed cooperation protocol with Mohsen Mahgoub Chairman of Misr El Kheir Foundation in order to pay off the debts of debtors. Fri, 22 Aug 2014 11:20:27 GMT Amwal Alghad ZAWYA20140822061418 Open Egypt stocks end this week with EGP1.9bn losses http://www.zawya.com/story/Egypt_stocks_end_this_week_with_EGP19bn_losses-ZAWYA20140822061327/ Driven by local and Arab profit-takers, Egypt's stocks closed this week lower encountering losses totalling 1.9 billion Egyptian pounds. The country's main stock index, EGX30 pushed lower below 9375 points on Thursday. Fri, 22 Aug 2014 06:51:26 GMT Amwal Alghad ZAWYA20140822061327 Open Insurance consortium to form for the new Suez Canal project - IFE http://www.zawya.com/story/Insurance_consortium_to_form_for_the_new_Suez_Canal_project__IFE-ZAWYA20140822061354/ The Insurance Federation of Egypt expresses readiness to take part in supporting the country's national mega project to build a new channel parallel to the Suez Canal. Fri, 22 Aug 2014 06:45:49 GMT Amwal Alghad ZAWYA20140822061354 Open HC sets fair price for Djezzy deal at USD2.5bn, 4% lower than offer http://www.zawya.com/story/HC_sets_fair_price_for_Djezzy_deal_at_USD25bn_4_lower_than_offer-ZAWYA20140822061458/ Financial adviser HC Securities has estimated Thursday the fair price for a 51% stake of Global Telecom Holding's Algerian unit Djezzy at $2.539 billion. Fri, 22 Aug 2014 06:37:50 GMT Amwal Alghad ZAWYA20140822061458 Open ITIDA inks 3 agreements with IDC to boost Egypt's IT exports http://www.zawya.com/story/ITIDA_inks_3_agreements_with_IDC_to_boost_Egypts_IT_exports-ZAWYA20140822061442/ Information Technology Industry Development Agency (ITIDA) has signed three agreements with International Data Corporation (IDC) with the aim of alluring direct foreign investments and boosting the Egyptian exports such as information technology services and products with the presence of Eng. Atef Helmy, Minister of Information and Communication Technology (ICT). Fri, 22 Aug 2014 06:36:14 GMT Amwal Alghad ZAWYA20140822061442 Open At least 33 dead in bus crash in Egypt's Sinai http://www.zawya.com/story/At_least_33_dead_in_bus_crash_in_Egypts_Sinai-TR20140822nL5N0QS064X2/ Russian, Yemeni and Saudi Arabian citizens were among the more than 40 people injured in the bus crash, The Middle East News Agency (MENA) quoted a local health ministry official as saying. Fri, 22 Aug 2014 05:33:49 GMT Reuters TR20140822nL5N0QS064X2 Open Egyptian pound stable at c. bank sale, weaker on black market http://www.zawya.com/story/Egyptian_pound_stable_at_c_bank_sale_weaker_on_black_market-TR20140821nL5N0QR246X2/ The Egyptian pound EGP= was stable at a central bank dollar sale on Thursday but weakened on the black market. Thu, 21 Aug 2014 09:51:51 GMT Reuters TR20140821nL5N0QR246X2 Open NBE Agrees to contribute EGP150m to Palm Hill's Bridge loan http://www.zawya.com/story/NBE_Agrees_to_contribute_EGP150m_to_Palm_Hills_Bridge_loan-ZAWYA20140821050945/ National bank of Egypt (NBE) has participated in the bridge loan with EGP400 million which obtained by Palm Hills Development Company - (PHDC) from the total value of the basic loan that amounted to EGP2.4 billion. Thu, 21 Aug 2014 08:24:09 GMT Amwal Alghad ZAWYA20140821050945 Open Egypt's Chemical Industries exports hit EGP16.9 bn in 7 months http://www.zawya.com/story/Egypts_Chemical_Industries_exports_hit_EGP169_bn_in_7_months-ZAWYA20140821051121/ Egypt's Chemical and Fertilizers Export Council (CEC) has registered an increase in exports during the first seven months of 2014 (from January to July). Thu, 21 Aug 2014 08:22:48 GMT Amwal Alghad ZAWYA20140821051121 Open UNB-Egypt receives EFSA approval to start Rights Issue Phase II August 25 http://www.zawya.com/story/UNBEgypt_receives_EFSA_approval_to_start_Rights_Issue_Phase_II_August_25-ZAWYA20140821051245/ Egypt's financial regulator, Egyptian Financial Supervisory Authority (EFSA), granted Union National Bank Egypt (UNB-Egypt) (UNBE) its initial approval to start a second phase of rights issue so as to subscribe in 4.7 million shares. Thu, 21 Aug 2014 08:21:26 GMT Amwal Alghad ZAWYA20140821051245 Open Suez Canal Insurance eyes investments hike to EGP650m in 2015 http://www.zawya.com/story/Suez_Canal_Insurance_eyes_investments_hike_to_EGP650m_in_2015-ZAWYA20140821051204/ Egypt's Suez Canal Insurance Company (SCI) targets boosting its portfolio of investments to EGP 650 million by end of the current fiscal year (2014/2015), said general manager Ahmed Shehab. Thu, 21 Aug 2014 08:18:39 GMT Amwal Alghad ZAWYA20140821051204 Open El Kahera Housing registers EGP71.5 m profits in Q1 http://www.zawya.com/story/El_Kahera_Housing_registers_EGP715_m_profits_in_Q1-ZAWYA20140821052150/ El Kahera Housing Company (ELKA.CA) attained EGP71.5 million profits within the first quarter of this year against EGP52.7 million in the same period of 2013, move up by 36% growth rates, according to consolidated financial statements. Thu, 21 Aug 2014 08:17:33 GMT Amwal Alghad ZAWYA20140821052150 Open Senior diplomat slams Egypt for not allowing in Iranian aid for Gaza http://www.zawya.com/story/Senior_diplomat_slams_Egypt_for_not_allowing_in_Iranian_aid_for_Gaza-ZAWYA20140821070516/ A senior official at the Foreign Ministry said on Wednesday Egypt?s long delay in allowing planeloads of Iranian humanitarian aid to reach Gaza Strip ?is not justified.? Thu, 21 Aug 2014 07:07:35 GMT IRNA ZAWYA20140821070516 Open Surgery performed under mobile phone light in Egypt http://www.zawya.com/story/Surgery_performed_under_mobile_phone_light_in_Egypt-GN_20082014_210834/ Surgeons at an Egyptian hospital relied on lights of mobile phones in performing a major operation after the electricity had gone off, Egypt’s medical union said, amid a worsening energy crisis in the country. Thu, 21 Aug 2014 05:15:33 GMT Gulf News GN_20082014_210834 Open Man'oushe Street opens first restaurant in Egypt http://www.zawya.com/story/Manoushe_Street_opens_first_restaurant_in_Egypt-ZAWYA20140820101118/ Man'oushe Street, a popular Middle Eastern restaurant chain that serves traditional, home-styled street food, has revealed the opening of its first restaurant in Egypt. Wed, 20 Aug 2014 13:47:55 GMT Press Release ZAWYA20140820101118 Open Four beheaded corpses found in Egypt's Sinai - security sources http://www.zawya.com/story/Four_beheaded_corpses_found_in_Egypts_Sinai__security_sources-TR20140820nL5N0QQ2B3X2/ Four beheaded corpses were found by residents of a town in Egypt's Sinai Peninsula on Wednesday, security sources said, blaming Islamist militants waging an insurgency against Cairo. Wed, 20 Aug 2014 12:26:51 GMT Reuters TR20140820nL5N0QQ2B3X2 Open Egyptian pound unchanged on official and black markets http://www.zawya.com/story/Egyptian_pound_unchanged_on_official_and_black_markets-TR20140820nL5N0QQ2BJX2/ The Egyptian pound remained stable at a dollar sale by the central bank and on the black market on Wednesday. Wed, 20 Aug 2014 11:53:37 GMT Reuters TR20140820nL5N0QQ2BJX2 Open Gaza truce collapses, fighting erupts, Israel orders negotiators home http://www.zawya.com/story/Gaza_truce_collapses_fighting_erupts_Israel_orders_negotiators_home-ZAWYA20140820080758/ A ceasefire in the Gaza Strip collapsed on Tuesday, with Palestinian militants firing dozens of rockets at Israel and Israel launching air strikes. Wed, 20 Aug 2014 08:18:02 GMT Reuters ZAWYA20140820080758 Subscription Dar Group Consortium wins general plan for Suez Canal Project http://www.zawya.com/story/Dar_Group_Consortium_wins_general_plan_for_Suez_Canal_Project-ZAWYA20140820055110/ The consortium of Bahrain-based Dar Group (Shair and Partners) and its Egyptian subsidiary are the winning firm to make the general plan for the Suez Canal project, chairman of the Suez Canal Authority announced on Tuesday. Wed, 20 Aug 2014 07:09:14 GMT Amwal Alghad ZAWYA20140820055110 Open EGB's personal loans portfolio attain EGP471m at June http://www.zawya.com/story/EGBs_personal_loans_portfolio_attain_EGP471m_at_June-ZAWYA20140820054739/ The total value of Egyptian Gulf Bank's (EGB) personal loans reached around EGP471.2 million in compared to EGP433.8 million at September 2013, move up by 8.6 (EGP37.4 million) growth rates. Wed, 20 Aug 2014 06:59:45 GMT Amwal Alghad ZAWYA20140820054739 Open Qalaa Holdings' Unit to participate In initial phase of New Suez Canal http://www.zawya.com/story/Qalaa_Holdings_Unit_to_participate_In_initial_phase_of_New_Suez_Canal-ZAWYA20140820055614/ Qalaa Holdings (formerly Citadel Capital), an African leader in infrastructure and industry, announced Tuesday that its key portfolio company ASCOM Geology and Mining is one of 42 companies that have been tapped to work. Wed, 20 Aug 2014 06:31:38 GMT Amwal Alghad ZAWYA20140820055614 Open Egyptian Takaful Insurance 'Property' attains EGP25m profits in 6 months http://www.zawya.com/story/Egyptian_Takaful_Insurance_Property_attains_EGP25m_profits_in_6_months-ZAWYA20140820060811/ Egyptian Takaful Insurance Property's profits increased by 47.9% to become EGP25 million at the end of June 2014 in compared to EGP16.9 million at June-end of 2013, Managing Director Ahmed Arfeen revealed. Wed, 20 Aug 2014 06:27:58 GMT Amwal Alghad ZAWYA20140820060811 Open Arab Contractors considering 6 tunnels in Suez Canal Project http://www.zawya.com/story/Arab_Contractors_considering_6_tunnels_in_Suez_Canal_Project-ZAWYA20140820060912/ Egypt's leading construction firm, Arab Contractors Company (AC) announced it will participate in digging the new Suez Canal and Suez Canal development project, according to Mubasher reported. Wed, 20 Aug 2014 06:26:39 GMT Amwal Alghad ZAWYA20140820060912 Open Egypt awards ambitious Suez project to army-linked Gulf firm http://www.zawya.com/story/Egypt_awards_ambitious_Suez_project_to_armylinked_Gulf_firm-ZAWYA20140820051547/ Egypt's Suez Canal Authority announced on Tuesday that a Bahrain-registered firm is to develop a huge industrial and logistics hub around the canal, but gave no details of the project itself. Wed, 20 Aug 2014 05:28:48 GMT Reuters ZAWYA20140820051547 Open Egyptian TV show goes off air after tussle with tycoon http://www.zawya.com/story/Egyptian_TV_show_goes_off_air_after_tussle_with_tycoon-GN_19082014_200807/ A controversial TV programme, notorious for broadcasting leaked phone calls of anti-government activists, was this week taken off air after a row between its host Abdul Rahim Ali and Egyptian business tycoon Najeeb Sawiris. Wed, 20 Aug 2014 04:52:42 GMT Gulf News GN_19082014_200807 Open Egypt urges U.S. restraint over Missouri unrest http://www.zawya.com/story/Egypt_urges_US_restraint_over_Missouri_unrest-TR20140819nL5N0QP3LIX2/ Egypt on Tuesday urged U.S. authorities to exercise restraint in dealing with racially charged demonstrations in Ferguson, Missouri - echoing language Washington used to caution Egypt as it cracked down on Islamist protesters last year. Wed, 20 Aug 2014 04:36:08 GMT Reuters TR20140819nL5N0QP3LIX2 Open Metropolitan Egypt inks finance worth EGP9mn for unlimited tours http://www.zawya.com/story/Metropolitan_Egypt_inks_finance_worth_EGP9mn_for_unlimited_tours-ZAWYA20140819060210/ Metropolitan Consulting S.A.E signed EGP9 million finance for Unlimited tours firm. Tue, 19 Aug 2014 07:48:26 GMT Amwal Alghad ZAWYA20140819060210 Open Jumia Egypt Pumps USD2m Fresh Investments in Q4 http://www.zawya.com/story/Jumia_Egypt_Pumps_USD2m_Fresh_Investments_in_Q4-ZAWYA20140819060530/ Presso Jumia Egypt-Rocket Internet GmbH is planning investing around USD2million within the last quarter of this year. Tue, 19 Aug 2014 07:46:18 GMT Amwal Alghad ZAWYA20140819060530 Open Egypt rebuts news on resuming loan talks with IMF http://www.zawya.com/story/Egypt_rebuts_news_on_resuming_loan_talks_with_IMF-ZAWYA20140819060512/ Egypt's Finance Minister Hani Qadry Dimian has negated media reports about intentions to resume talks with the International Monetary Fund (IMF) over a loan worth USD10.4 billion. Tue, 19 Aug 2014 07:43:54 GMT Amwal Alghad ZAWYA20140819060512 Open Israel, Palestinians renew truce but see risk of more Gaza violence http://www.zawya.com/story/Israel_Palestinians_renew_truce_but_see_risk_of_more_Gaza_violence-ZAWYA20140819062751/ The chief Palestinian delegate to truce talks with Israel warned on Tuesday that Gaza violence could erupt anew unless progress is made toward a lasting deal ahead of a midnight deadline in Egyptian-brokered talks. Tue, 19 Aug 2014 06:30:05 GMT Reuters ZAWYA20140819062751 Open British government denies report into Muslim Brotherhood delayed http://www.zawya.com/story/British_government_denies_report_into_Muslim_Brotherhood_delayed-TR20140818nL2N0QO0JZX2/ The British government denied on Monday a media report that it had delayed publication of an investigation into Egypt's Muslim Brotherhood because of disagreements among ministers over its findings. Mon, 18 Aug 2014 13:48:34 GMT Reuters TR20140818nL2N0QO0JZX2 Open Toyota Sells Over 350,000 vehicles in the Middle East for the first 6 months of 2014 http://www.zawya.com/story/Toyota_Sells_Over_350000_vehicles_in_the_Middle_East_for_the_first_6_months_of_2014-ZAWYA20140818094228/ Toyota today announced a steady growth in sales in the Middle East (GCC, Yemen, Lebanon, Jordan and Iraq) selling 356,805 units in the first half of 2014 (Jan- June 2014) which is a 6 % growth in sales as compared to the same period in 2013. Mon, 18 Aug 2014 12:08:32 GMT Press Release ZAWYA20140818094228 Open Egypt bourse won't allow share listings that may hurt reputation - Chief http://www.zawya.com/story/Egypt_bourse_wont_allow_share_listings_that_may_hurt_reputation__Chief-ZAWYA20140818062639/ Egyptian Exchange's management will allow the listing of companies that would hurt the stock market reputation regionally and globally as being the third oldest bourse worldwide, chairman Mohamed Omran said on Saturday. Mon, 18 Aug 2014 07:03:54 GMT Amwal Alghad ZAWYA20140818062639 Open Egypt seizes 45% of IFC's total MENA funding in 2013 http://www.zawya.com/story/Egypt_seizes_45_of_IFCs_total_MENA_funding_in_2013-ZAWYA20140818062657/ The Middle East and North Africa region received USD2.5 billion in funding from the International Finance Corporation (IFC), a World Bank affiliate, in 2013, said IFC General Manager Mouayed Makhlouf. Mon, 18 Aug 2014 07:02:53 GMT Amwal Alghad ZAWYA20140818062657 Open Suez Canal Life Insurance plans capital hike to EGP40mn at end-2014 http://www.zawya.com/story/Suez_Canal_Life_Insurance_plans_capital_hike_to_EGP40mn_at_end2014-ZAWYA20140818062620/ Egypt's Suez Canal Life Insurance Company plans to boost its capital by 10 million Egyptian pounds by end of the current year, said managing director Ahmed Shoukry. Mon, 18 Aug 2014 07:01:31 GMT Amwal Alghad ZAWYA20140818062620 Open Mohandes Insurance eyes EGP1.08bn investment portfolio in FY14/15 http://www.zawya.com/story/Mohandes_Insurance_eyes_EGP108bn_investment_portfolio_in_FY1415-ZAWYA20140818063937/ Mohandes Insurance and property Company is aiming boosting its investment portfolio to EGP1.08 billion by the end of the current fiscal year 2014/2015, Reda Fathy, Managing Director said. Mon, 18 Aug 2014 07:00:20 GMT Amwal Alghad ZAWYA20140818063937 Open