Zawya.com - Egypt Top Stories http://www.zawya.com/top-stories/rss/egypt/ en-us Copyright 2015 Zawya Ltd. All rights reserved. Sat, 28 Feb 2015 18:38:41 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 Brotherhood strongman Khayrat Al Shater given life sentence http://www.zawya.com/story/Brotherhood_strongman_Khayrat_Al_Shater_given_life_sentence-GN_28022015_010325/ The Muslim Brotherhood’s strongman Khayrat Al Shater was among 14 leaders of the outlawed group sentenced to life imprisonment yesterday on charges of involvement in deadly violence. Sun, 01 Mar 2015 08:01:03 GMT Gulf News GN_28022015_010325 Open Erdogan, El-Sissi set for key Saudi talks http://www.zawya.com/story/Erdogan_ElSissi_set_for_key_Saudi_talks-ZAWYA20150301032037/ Riyadh will witness this week a flurry of diplomatic activities beginning Sunday, when Custodian of the Two Holy Mosques King Salman will meet with Turkish and Egyptian President. Sun, 01 Mar 2015 07:45:19 GMT Arab News ZAWYA20150301032037 Open Stronger oil may lift investors' spirits; Egypt eyes election http://www.zawya.com/story/Stronger_oil_may_lift_investors_spirits_Egypt_eyes_election-TR20150301nL5N0W301RX2/ Gulf stock markets may rise on Sunday after oil prices surged to post their first monthly gains since June, while Egyptian investors may remain cautious until the constitutional court makes a ruling on a planned parliamentary election. Sun, 01 Mar 2015 05:40:06 GMT Reuters TR20150301nL5N0W301RX2 Subscription INTERVIEW-Egypt could raise up to USD2bn in Eurobond issue http://www.zawya.com/story/INTERVIEWEgypt_could_raise_up_to_USD2bn_in_Eurobond_issue-ZAWYA20150301043040/ Egypt could raise as much as $2 billion through a Eurobond this year and expects economic growth of close to 7 percent in three years' time, Finance Minister Hany Kadry Dimian said on Friday. Sun, 01 Mar 2015 04:45:23 GMT Reuters ZAWYA20150301043040 Open Egypt courts list Hamas as terrorist group, give Brotherhood leader life http://www.zawya.com/story/Egypt_courts_list_Hamas_as_terrorist_group_give_Brotherhood_leader_life-TR20150228nL5N0W20C3X3/ An Egyptian court listed the Palestinian group Hamas as a terrorist organisation, judicial sources said on Saturday. Sun, 01 Mar 2015 04:23:17 GMT Reuters TR20150228nL5N0W20C3X3 Open Egypt central bank keeps interest rates steady http://www.zawya.com/story/Egypt_central_bank_keeps_interest_rates_steady-ZAWYA20150228061529/ Egypt's central bank decides to keep benchmark interest rates unchanged with the overnight deposit and lending rates held at 8.75% and 9.75% respectively, the Monetary Policy Committee announced. Sat, 28 Feb 2015 07:54:20 GMT Amwal Alghad ZAWYA20150228061529 Open Egypt's Sawiris readies digital revamp for Euronews http://www.zawya.com/story/Egypts_Sawiris_readies_digital_revamp_for_Euronews-TR20150227nL5N0W134IX2/ Egyptian tycoon Naguib Sawiris, unveiling plans for his majority stake in European broadcaster Euronews, said on Friday a cash injection would be used to expand onto digital platforms and better promote the brand. Sat, 28 Feb 2015 06:51:28 GMT Reuters TR20150227nL5N0W134IX2 Open Egypt Banks' Federation allocates EGP300m for Helwan slum works http://www.zawya.com/story/Egypt_Banks_Federation_allocates_EGP300m_for_Helwan_slum_works-ZAWYA20150227071316/ The Federation of Egyptian Banks decides to double its contribution to the upgrade of 15 informal areas in Helwan to 300 million Egyptian pounds (USD 39 million). Fri, 27 Feb 2015 08:32:06 GMT Amwal Alghad ZAWYA20150227071316 Open EBRD grants USD800m to Egypt's SMEs in 3 years http://www.zawya.com/story/EBRD_grants_USD800m_to_Egypts_SMEs_in_3_years-ZAWYA20150227071803/ The total finance provided by European Bank for Reconstruction and Development (EBRD) in order to support Small and Medium Enterprises (SMEs) projects estimated at USD 800 million within the last 3 years, Soha Soliman Secretary General of Social Fund for Development (SFD) said. Fri, 27 Feb 2015 08:29:14 GMT Amwal Alghad ZAWYA20150227071803 Open Egypt's central bank keeps benchmark interest rates unchanged http://www.zawya.com/story/Egypts_central_bank_keeps_benchmark_interest_rates_unchanged-TR20150226nL5N0W05GOX3/ Egypt's central bank kept its benchmark interest rates unchanged on Thursday as it balances the needs to manage high inflation with encouraging economic growth, the bank said. Fri, 27 Feb 2015 06:04:50 GMT Reuters TR20150226nL5N0W05GOX3 Subscription Five bombs explode in Cairo, one killed, five wounded http://www.zawya.com/story/Five_bombs_explode_in_Cairo_one_killed_five_wounded-TR20150226nL5N0W02DOX2/ One person was killed and five others including policemen were wounded when five bombs exploded in Cairo on Thursday, security sources said. Thu, 26 Feb 2015 09:21:09 GMT Reuters TR20150226nL5N0W02DOX2 Open World Bank's portfolio in Egypt record USD5.4m in FY2015 http://www.zawya.com/story/World_Banks_portfolio_in_Egypt_record_USD54m_in_FY2015-ZAWYA20150226045830/ The current portfolio of the World Bank Group in Egypt encompasses 17 lending operations for the International Bank for Reconstruction and Development (IBRD), part of World Bank, worth USD 5.27 billion in addition to 9 major Trust Funds at value of USD 139.6 million. Thu, 26 Feb 2015 06:24:58 GMT Amwal Alghad ZAWYA20150226045830 Open Toyota opens its biggest parts distribution centre in Sadat City http://www.zawya.com/story/Toyota_opens_its_biggest_parts_distribution_centre_in_Sadat_City-ZAWYA20150226050048/ Toyota Egypt Group announced that its biggest parts distribution centre in Sadat City begin its operations to serve 500.000 cars and provide 1200 new job vacancies. The works to carry out the centre had lasted for two years. Thu, 26 Feb 2015 06:23:19 GMT Amwal Alghad ZAWYA20150226050048 Open World Bank engages stakeholders on new country strategy for Egypt http://www.zawya.com/story/World_Bank_engages_stakeholders_on_new_country_strategy_for_Egypt-ZAWYA20150226050632/ The World Bank Group's second round of discussions with various stakeholders throughout Egypt is taking place this week in Cairo, Alexandria and Aswan to prepare for a new partnership strategy which will guide the Group's engagement in the country over the next five years. Thu, 26 Feb 2015 06:22:01 GMT Amwal Alghad ZAWYA20150226050632 Open EFSA: EGP1.6bn surplus in Egypt's insurance sector in 2014 http://www.zawya.com/story/EFSA_EGP16bn_surplus_in_Egypts_insurance_sector_in_2014-ZAWYA20150226050636/ Egyptian Financial Supervisory Authority (EFSA) revealed that the total insurance premiums value reached EGP14 billion in the last year, noting that the surplus premium of insurance sector was EGP1.6 billion in last December, Sherif Samy, Chairman said. Thu, 26 Feb 2015 06:21:15 GMT Amwal Alghad ZAWYA20150226050636 Open MIDEAST STOCKS-Gulf markets may rise after oil's surge http://www.zawya.com/story/MIDEAST_STOCKSGulf_markets_may_rise_after_oils_surge-TR20150226nL5N0W00A0X2/ Gulf equity markets may gain on Thursday after oil prices surged overnight, but telecommunications firm Mobily may weigh on Saudi Arabia's market if its shares start trading again after a shock 2014 earnings revision. Thu, 26 Feb 2015 05:31:06 GMT Reuters TR20150226nL5N0W00A0X2 Subscription Egyptian central bank seen keeping rates steady http://www.zawya.com/story/Egyptian_central_bank_seen_keeping_rates_steady-TR20150225nL5N0VZ3PTX2/ Egypt's central bank is expected to leave interest rates unchanged at a monetary policy meeting on Thursday in order to focus on taming inflation, four out of six economists surveyed by Reuters said. Thu, 26 Feb 2015 05:22:27 GMT Reuters TR20150225nL5N0VZ3PTX2 Subscription Dozens of suspected militants killed in Egypt's North Sinai- sources http://www.zawya.com/story/Dozens_of_suspected_militants_killed_in_Egypts_North_Sinai_sources-TR20150226nL5N0W004XX2/ Egypt's military killed dozens of suspected Islamist militants in an operation in Sinai, security sources said. Thu, 26 Feb 2015 04:53:47 GMT Reuters TR20150226nL5N0W004XX2 Open Soccer-Egypt set to resume league behind closed doors next month http://www.zawya.com/story/SoccerEgypt_set_to_resume_league_behind_closed_doors_next_month-TR20150225nL5N0VZ2UBX2/ Egyptian soccer, postponed indefinitely after at least 19 people were killed following clashes between fans and police outside a stadium in Cairo earlier this month, could resume with games played behind closed doors. Wed, 25 Feb 2015 12:21:28 GMT Reuters TR20150225nL5N0VZ2UBX2 Open Egypt's Global Telecom says 2014 losses narrowed by 84%- statement http://www.zawya.com/story/Egypts_Global_Telecom_says_2014_losses_narrowed_by_84_statement-TR20150225nL5N0VZ2GGX3/ Global Telecom, the Egypt-based group formerly called Orascom Telecom, reported a 2014 loss of EGP3.2 billion (USD419.40 million), the company said in a statement. Wed, 25 Feb 2015 10:43:12 GMT Reuters TR20150225nL5N0VZ2GGX3 Open Oman Oil inks pact with Egypt dealer http://www.zawya.com/story/Oman_Oil_inks_pact_with_Egypt_dealer-ZAWYA20150225065219/ As part of its ambitious international market-penetration strategy, Oman Oil Marketing Company (Omanoil) signed QuadOil as the exclusive dealer of its own brand of lubricants in Egypt. Wed, 25 Feb 2015 07:35:03 GMT Times of Oman ZAWYA20150225065219 Open Afreximbank secures USD500m trade finance to support Egyptian businesses in Africa http://www.zawya.com/story/Afreximbank_secures_USD500m_trade_finance_to_support_Egyptian_businesses_in_Africa-ZAWYA20150225055724/ The African Export-Import Bank (Afreximbank) agreed on Tuesday with the Egyptian government to provide a USD 500 million special trade finance programme to support Egypt's exports to the African markets. Wed, 25 Feb 2015 06:45:22 GMT Amwal Alghad ZAWYA20150225055724 Open Sino Tharwa starts loan talks with Bank Audi Egypt http://www.zawya.com/story/Sino_Tharwa_starts_loan_talks_with_Bank_Audi_Egypt-ZAWYA20150225055744/ Sino Tharwa Drilling Company enters into negotiations with Bank Audi Egypt over a loan worth USD 30 million, a senior banking source near from the talks told Amwal Al Ghad. Wed, 25 Feb 2015 06:45:01 GMT Amwal Alghad ZAWYA20150225055744 Open Kenya-Egypt Alliance to invest USD100m in paper factories - Mintra http://www.zawya.com/story/KenyaEgypt_Alliance_to_invest_USD100m_in_paper_factories__Mintra-ZAWYA20150225055831/ Egypt's Misr for Industry and Trade - Mintra intends to enter into an alliance with a number of Kenyan firms to build new factories in Kenya, Mintra general manager announced. Wed, 25 Feb 2015 06:43:38 GMT Amwal Alghad ZAWYA20150225055831 Open Banque Du Caire's Assets Hike EGP73bn in 2014 http://www.zawya.com/story/Banque_Du_Caires_Assets_Hike_EGP73bn_in_2014-ZAWYA20150225055829/ Banque Du Caire's assets increased to EGP73 billion at the end of 2014 alongside the granted finance surged to EGP30 billion, said Mounir El-Zahed, chairman of the bank. Wed, 25 Feb 2015 06:43:19 GMT Amwal Alghad ZAWYA20150225055829 Open Flexible Fed stance may support most Gulf markets http://www.zawya.com/story/Flexible_Fed_stance_may_support_most_Gulf_markets-TR20150225nL5N0VZ09LX2/ Gulf stock markets may rise in line with global equities on Wednesday after the U.S. Federal Reserve indicated it would not rush into raising interest rates, although the news might be seen as negative for some of Saudi Arabia's banks. Wed, 25 Feb 2015 06:13:51 GMT Reuters TR20150225nL5N0VZ09LX2 Subscription Gulf markets hold breath ahead of U.S. Fed report http://www.zawya.com/story/Gulf_markets_hold_breath_ahead_of_US_Fed_report-TR20150224nL5N0VY3KWX2/ Most Gulf stock markets stood nearly still on Tuesday as oil prices seesawed and investors waited for the U.S. Federal Reserve to indicate when it plans to start raising interest rates. Wed, 25 Feb 2015 04:33:32 GMT Reuters TR20150224nL5N0VY3KWX2 Subscription Egypt rejects blame for civilians killed in Libya airstrikes http://www.zawya.com/story/Egypt_rejects_blame_for_civilians_killed_in_Libya_airstrikes-TR20150224nL5N0VY35EX2/ Egypt on Tuesday rejected accusations of blame in the death of seven civilians killed in Libya last week when Cairo's military bombed suspected Islamist militant targets. Wed, 25 Feb 2015 04:29:04 GMT Reuters TR20150224nL5N0VY35EX2 Open Egypt's Sisi issues decree widening scope of security crackdown http://www.zawya.com/story/Egypts_Sisi_issues_decree_widening_scope_of_security_crackdown-TR20150224nL4N0VY1QPX2/ Egyptian President Abdel Fattah al-Sisi has signed off on an anti-terrorism law that gives authorities more sweeping powers to ban groups on charges ranging from harming national unity to disrupting public order. Tue, 24 Feb 2015 09:41:38 GMT Reuters TR20150224nL4N0VY1QPX2 Open Egyptian court acquits top Mubarak era officials on graft charges -sources http://www.zawya.com/story/Egyptian_court_acquits_top_Mubarak_era_officials_on_graft_charges_sources-TR20150224nL5N0VY1H8X2/ An Egyptian court on Tuesday acquitted two top Hosni Mubarak-era officials of graft charges at a retrial, judicial sources said, a day after a prominent activist was sentenced to five years in jail. Tue, 24 Feb 2015 08:47:51 GMT Reuters TR20150224nL5N0VY1H8X2 Open Government pumps EGP35bn into Sinai Development Projects http://www.zawya.com/story/Government_pumps_EGP35bn_into_Sinai_Development_Projects-ZAWYA20150224064947/ Egyptian government has pumped EGP 35 billion (USD 4.6 billion) into key projects for the development of the Sinai region, head of central agency for construction Mohamed Nasser announced. Tue, 24 Feb 2015 07:39:10 GMT Amwal Alghad ZAWYA20150224064947 Open SkyPower plans 3000MW new energy project in Egypt http://www.zawya.com/story/SkyPower_plans_3000MW_new_energy_project_in_Egypt-ZAWYA20150224064937/ World's largest solar developer, SkyPower is showing interest in taking part in new and renewable projects in Egypt. Tue, 24 Feb 2015 07:38:08 GMT Amwal Alghad ZAWYA20150224064937 Open Siemens braces for more support for Egypt electricity sector http://www.zawya.com/story/Siemens_braces_for_more_support_for_Egypt_electricity_sector-ZAWYA20150224065011/ German industrial group Siemens is seeking to pump more investments to support the Egyptian electricity sector. Tue, 24 Feb 2015 07:35:25 GMT Amwal Alghad ZAWYA20150224065011 Open Abraj Misr heralds EGP4.5bn eco-friendly project in Egypt http://www.zawya.com/story/Abraj_Misr_heralds_EGP45bn_ecofriendly_project_in_Egypt-ZAWYA20150224065304/ Real estate company Abraj Misr announced plans to invest 4.5 billion Egyptian pounds (USD 589.7 million) in the launch of the biggest eco-friendly project in Egypt and the Middle East 'The Gate'. The project is over 35,000sqm. Tue, 24 Feb 2015 07:34:00 GMT Amwal Alghad ZAWYA20150224065304 Open Ahli United Bank secures EGP350m for Egyptian Steel's loan http://www.zawya.com/story/Ahli_United_Bank_secures_EGP350m_for_Egyptian_Steels_loan-ZAWYA20150224065422/ Ahli United Bank pumps EGP 350 million (USD 45.8 million) in a loan arranged for one of Egyptian Steel Group's companies, a banking source near from the talks told Amwal Al Ghad. Tue, 24 Feb 2015 07:30:02 GMT Amwal Alghad ZAWYA20150224065422 Open Orange mulls increasing Egyptian stake in Mobinil - CEO http://www.zawya.com/story/Orange_mulls_increasing_Egyptian_stake_in_Mobinil__CEO-ZAWYA20150224065426/ Orange SA's acquisition of a bigger stake in Mobinil reflects its increasing confidence in the Egyptian economy, Yves Gauthier - CEO of Mobinil - announced. Tue, 24 Feb 2015 07:27:11 GMT Amwal Alghad ZAWYA20150224065426 Open 450 Egyptian construction firms operating in Saudi Arabia - EFCBC http://www.zawya.com/story/450_Egyptian_construction_firms_operating_in_Saudi_Arabia__EFCBC-ZAWYA20150224065852/ Chairman of the Egyptian Federation for Construction and Building Contractors (EFCBC) Eng. Hassan Abdel Aziz said the total number of Egyptian construction firms which operating in Saudi Arabia market are 450 firms within the current period, classifying as the first, second and third categories with business volume exceeded USD 2.5 billion. Tue, 24 Feb 2015 07:25:51 GMT Amwal Alghad ZAWYA20150224065852 Open Egyptian court jails Abdel Fattah, leading activist for 5 years http://www.zawya.com/story/Egyptian_court_jails_Abdel_Fattah_leading_activist_for_5_years-TR20150223nL5N0VX1HEX3/ An Egyptian court sentenced Alaa Abdel Fattah, a prominent activist to five years in jail on Monday for violating a law that seeks to curtail demonstrations, part of one of the toughest crackdowns on dissent in the country's history. Mon, 23 Feb 2015 11:27:40 GMT Reuters TR20150223nL5N0VX1HEX3 Open IDWBE secures EGP20m for Egypt's micro-sized projects http://www.zawya.com/story/IDWBE_secures_EGP20m_for_Egypts_microsized_projects-ZAWYA20150223070152/ Industrial Development & Workers Bank of Egypt (IDWBE) will secure 20 million Egyptian pounds for Egyptian Association for Finance, aiming to support the country's micro-sized projects. Mon, 23 Feb 2015 09:47:30 GMT Amwal Alghad ZAWYA20150223070152 Open SEBA gets 200.000 feddans in Egypt's One Million Feddans' project http://www.zawya.com/story/SEBA_gets_200000_feddans_in_Egypts_One_Million_Feddans_project-ZAWYA20150223070131/ The member firms in the Saudi Egyptian Businessmen Association (SEBA) obtain 200.000 feddans out of the total area of Egypt's One Million Feddans reclamation project, board member Ahmed Sabry. Mon, 23 Feb 2015 09:46:27 GMT Amwal Alghad ZAWYA20150223070131 Open EU to ink €120m pacts at Egypt Economic Summit http://www.zawya.com/story/EU_to_ink_120m_pacts_at_Egypt_Economic_Summit-ZAWYA20150223070430/ The European Union (EU) is planning to sign new grant agreements for gas, education and rural development sectors worth €120 million (US$163.6 million) at Egypt's economic summit. Mon, 23 Feb 2015 08:11:53 GMT Amwal Alghad ZAWYA20150223070430 Open Mobinil narrows losses in FY2014, revenues 3.2% up http://www.zawya.com/story/Mobinil_narrows_losses_in_FY2014_revenues_32_up-ZAWYA20150223070509/ Egyptian mobile operator Mobinil has managed to narrow its losses for fiscal year ended on December 31. Mon, 23 Feb 2015 07:38:36 GMT Amwal Alghad ZAWYA20150223070509 Open Egypt auctions 8 oil and gas exploration blocks in Mediterranean http://www.zawya.com/story/Egypt_auctions_8_oil_and_gas_exploration_blocks_in_Mediterranean-ZAWYA20150223065808/ Egypt will launch a new international auction for eight oil and gas exploration blocks in Mediterranean Sea, oil ministry said in a statement on Sunday. Mon, 23 Feb 2015 07:15:06 GMT Amwal Alghad ZAWYA20150223065808 Open Gulf investors may stay cautious as oil's gains small http://www.zawya.com/story/Gulf_investors_may_stay_cautious_as_oils_gains_small-TR20150223nL5N0VX08YX2/ Gulf stock markets may consolidate further on Monday as oil prices remain below last week's highs. Mon, 23 Feb 2015 05:44:54 GMT Reuters TR20150223nL5N0VX08YX2 Subscription Mubarak party stalwart barred from running for parliament http://www.zawya.com/story/Mubarak_party_stalwart_barred_from_running_for_parliament-GN_22022015_230234/ An Egyptian election commission on Sunday barred Ahmad Ezz from contesting the country’s forthcoming parliamentary elections, citing technical reasons. Mon, 23 Feb 2015 04:44:26 GMT Gulf News GN_22022015_230234 Open Egypt refers 215 to court for forming a militant group-public prosecutor http://www.zawya.com/story/Egypt_refers_215_to_court_for_forming_a_militant_grouppublic_prosecutor-TR20150222nL5N0VW0I1X2/ Egypt's public prosecutor said on Sunday he had referred 215 members of the outlawed Muslim Brotherhood to trial on charges of forming a militant group, the latest move in a sustained crackdown by authorities on Islamists. Mon, 23 Feb 2015 04:37:32 GMT Reuters TR20150222nL5N0VW0I1X2 Open Egypt's Pioneers Holdings still interested in Arab Dairy bid - regulator http://www.zawya.com/story/Egypts_Pioneers_Holdings_still_interested_in_Arab_Dairy_bid__regulator-TR20150222nL5N0VW0OSX5/ Egyptian financial firm Pioneers Holdings is still interested in bidding for Arab Dairy, the country's regulator said on Sunday, after a rival group last week raised its offer and topped Pioneers' bid. Mon, 23 Feb 2015 04:33:46 GMT Reuters TR20150222nL5N0VW0OSX5 Subscription Sisi tries to reassure Egyptians despite host of challenges http://www.zawya.com/story/Sisi_tries_to_reassure_Egyptians_despite_host_of_challenges-TR20150222nL4N0VW099X2/ President Abdel Fattah al-Sisi sought to reassure Egyptians on Sunday that he is in control and steering the country on the right path in the face of Islamist militancy in neighbouring Libya and the Sinai and economic challenges. Mon, 23 Feb 2015 04:29:11 GMT Reuters TR20150222nL4N0VW099X2 Open Egyptian developer Palm Hills posts USD46.30m profit in 2014 http://www.zawya.com/story/Egyptian_developer_Palm_Hills_posts_USD4630m_profit_in_2014-TR20150222nL5N0VJ1NPX3/ Egyptian developer Palm Hills profit after tax and minority interest was EGP353.3 million (USD46.30 million), up from 238.9 million, Egypt's second-biggest listed property developer said. Sun, 22 Feb 2015 12:21:02 GMT Reuters TR20150222nL5N0VJ1NPX3 Subscription Egypt considers listing Food Industries Holding Company-minister http://www.zawya.com/story/Egypt_considers_listing_Food_Industries_Holding_Companyminister-TR20150222nL5N0VW04WX2/ Egypt is considering listing the state-owned Food Industries Holding Company (FIHC) in a rare initial public offering (IPO) of shares in a government holding company, the supplies minister told Reuters on Sunday. Sun, 22 Feb 2015 08:49:46 GMT Reuters TR20150222nL5N0VW04WX2 Subscription AfDB and Bloomberg launched African Bond Index, Egypt included http://www.zawya.com/story/AfDB_and_Bloomberg_launched_African_Bond_Index_Egypt_included-ZAWYA20150222060759/ The African Development Bank (AfDB) announced on Thursday it collaborated with Bloomberg on the Launch of AFMISM Bloomberg an African Bond Index, through the African Financial Markets Initiative (AFMI). Sun, 22 Feb 2015 08:46:35 GMT Amwal Alghad ZAWYA20150222060759 Open BIG: Highest volumes traded on Egypt SME Bourse in week http://www.zawya.com/story/BIG_Highest_volumes_traded_on_Egypt_SME_Bourse_in_week-ZAWYA20150222055809/ BIG Trade and Investment S.A.E. has topped the volumes traded on the Egyptian bourse of SMEs (NILEX), during last week's trading. Sun, 22 Feb 2015 08:13:31 GMT Amwal Alghad ZAWYA20150222055809 Open Orascom Construction: Businesses record USD5.6bn in September 2014 http://www.zawya.com/story/Orascom_Construction_Businesses_record_USD56bn_in_September_2014-ZAWYA20150222055533/ Orascom Construction registers a volume of businesses under implementation worth US$5.6 million until September 2014. Sun, 22 Feb 2015 08:11:44 GMT Amwal Alghad ZAWYA20150222055533 Open Egypt's Qalaa Holdings approves 1.7bn Egyptian pound capital hike http://www.zawya.com/story/Egypts_Qalaa_Holdings_approves_17bn_Egyptian_pound_capital_hike-TR20150222nL5N0VW03EX2/ Qalaa Holdings has approved a share swap with subsidiary companies that equates to a 1.7 billion Egyptian pound ($223 million) capital increase, the company said on Sunday. Sun, 22 Feb 2015 07:41:19 GMT Reuters TR20150222nL5N0VW03EX2 Subscription Arabtec starts first phase of Egypt million Homes Project mid-2015 http://www.zawya.com/story/Arabtec_starts_first_phase_of_Egypt_million_Homes_Project_mid2015-ZAWYA20150222055650/ Egyptian companies taking part in UAE Arabtec's one million housing units' project in Egypt will start carrying out the first phase in mid 2015. Sun, 22 Feb 2015 07:39:07 GMT Amwal Alghad ZAWYA20150222055650 Open Egyptian-Jordanian project to get Iraqi gas http://www.zawya.com/story/EgyptianJordanian_project_to_get_Iraqi_gas-ZAWYA20150222041421/ The Jordanian Minister of Energy and Mineral Resources unveiled his country's determination, Egypt and Iraq to extend a gas pipeline from Iraq to Jordan, to provide his country and Egypt with a part of their requirement of Iraqi natural gas. Sun, 22 Feb 2015 06:41:01 GMT Shafaq News ZAWYA20150222041421 Open GCC statement unilaterally drafted: Report http://www.zawya.com/story/GCC_statement_unilaterally_drafted_Report-GN_21022015_220218/ In the latest twist in the intrigue caused by two conflicting statements issued on the same day by GCC, a report suggested that the first stance had been drafted unilaterally by sources outside the Riyadh-based headquarters of the general secretariat. Sun, 22 Feb 2015 05:17:43 GMT Gulf News GN_21022015_220218 Open Orascom Construction says Egypt share offer will be priced in Egyptian pounds - CEO http://www.zawya.com/story/Orascom_Construction_says_Egypt_share_offer_will_be_priced_in_Egyptian_pounds__CEO-TR20150221nL5N0VV0DPX3/ Orascom Construction said on Saturday that its sale of new shares in Egypt would be priced in Egyptian pounds, CEO Osama Bishai told a news conference. Sun, 22 Feb 2015 04:45:23 GMT Reuters TR20150221nL5N0VV0DPX3 Subscription Egypt's Suez canal revenue at USD434.8m in January - state news agency http://www.zawya.com/story/Egypts_Suez_canal_revenue_at_USD4348m_in_January__state_news_agency-TR20150221nL5N0VV0BGX3/ Revenues from the Suez Canal stood at USD434.8m in January, the state news agency said on Saturday, down from USD445.5m in December. Sun, 22 Feb 2015 04:39:50 GMT Reuters TR20150221nL5N0VV0BGX3 Subscription Egypt court acquits ex-oil minister of corruption charges http://www.zawya.com/story/Egypt_court_acquits_exoil_minister_of_corruption_charges-TR20150221nL5N0VV09ZX2/ An Egyptian court acquitted former oil minister Sameh Fahmy of charges of selling cheap gas to Israel and squandering public funds and threw out his 15-year jail sentence. Sun, 22 Feb 2015 04:36:15 GMT Reuters TR20150221nL5N0VV09ZX2 Subscription Food prices in Egypt feed inflation http://www.zawya.com/story/Food_prices_in_Egypt_feed_inflation-ZAWYA20150221052225/ After declines of 1.53% in November and 0.06 per cent in December, the monthly inflation rate for January increased to 1.03%, according to the Central Agency for Public Mobilisation and Statistics (CAPMAS). Sat, 21 Feb 2015 06:42:30 GMT Al Ahram Weekly ZAWYA20150221052225 Open Unemployment decreases in Egypt http://www.zawya.com/story/Unemployment_decreases_in_Egypt-ZAWYA20150221052210/ The number of unemployed Egyptians decreased by 100,000 during the fourth quarter of 2014, according to the Central Agency for Public Mobilisation and Statistics (CAPMAS). Sat, 21 Feb 2015 06:42:07 GMT Al Ahram Weekly ZAWYA20150221052210 Open IT project up for grabs in Egypt http://www.zawya.com/story/IT_project_up_for_grabs_in_Egypt-ZAWYA20150221052424/ Ten Information Technology and Communications (ITC) projects will be offered as investment opportunities at the Egypt Economic Development Conference scheduled for next month. Sat, 21 Feb 2015 06:40:44 GMT Al Ahram Weekly ZAWYA20150221052424 Open GCC supports Egypt’s security, stability as its own http://www.zawya.com/story/GCC_supports_Egypts_security_stability_as_its_own-GN_20022015_210207/ Gulf Cooperation Council (GCC) countries support Egypt in all areas under the leadership of President Abdul Fattah Al Sisi, the GCC secretary general has said. Sat, 21 Feb 2015 06:30:12 GMT Gulf News GN_20022015_210207 Open Bombs kill 40 in Libya in apparent revenge for Egyptian air strikes http://www.zawya.com/story/Bombs_kill_40_in_Libya_in_apparent_revenge_for_Egyptian_air_strikes-TR20150220nL5N0VU1V4X4/ Three car bombs ripped through the eastern Libyan city of Qubbah on Friday, killing 40 people and wounding 70 in what officials described as a revenge attack for Egyptian air strikes on Islamist militant targets. Sat, 21 Feb 2015 05:42:41 GMT Reuters TR20150220nL5N0VU1V4X4 Open Banque Du Caire pumps USD80m in ElSewedy Electric's loan http://www.zawya.com/story/Banque_Du_Caire_pumps_USD80m_in_ElSewedy_Electrics_loan-ZAWYA20150219143210/ Banque Du Caire is pumping USD 80 million in a loan arranged for Egypt's ElSewedy Electric Company, a banking source near from the talks told Amwal Al Ghad. Fri, 20 Feb 2015 07:58:35 GMT Amwal Alghad ZAWYA20150219143210 Open Cairo launches 3 solar power plants on top of government buildings http://www.zawya.com/story/Cairo_launches_3_solar_power_plants_on_top_of_government_buildings-ZAWYA20150219143324/ Three solar power generation stations will be inaugurated today on top of the buildings of Cairo Governorate's General Bureau. Fri, 20 Feb 2015 07:57:59 GMT Amwal Alghad ZAWYA20150219143324 Open CEC vows 20.000 jobs for Egyptians returned from Libya http://www.zawya.com/story/CEC_vows_20000_jobs_for_Egyptians_returned_from_Libya-ZAWYA20150219143346/ The Chemical Export Council (CEC) pledged it will provide around 20.000 job opportunities for Egyptians who return from turbulent Libya. Fri, 20 Feb 2015 07:56:13 GMT Amwal Alghad ZAWYA20150219143346 Open Egypt launches hotline to contact Egyptians in Libya http://www.zawya.com/story/Egypt_launches_hotline_to_contact_Egyptians_in_Libya-ZAWYA20150219143412/ Egypt has launched a new hotline 15114 to stay in contact with the Egyptians who are still in Libya. Fri, 20 Feb 2015 07:54:47 GMT Amwal Alghad ZAWYA20150219143412 Open Egypt says Vitol to supply nine LNG cargoes, in talks with BP http://www.zawya.com/story/Egypt_says_Vitol_to_supply_nine_LNG_cargoes_in_talks_with_BP-TR20150219nL5N0VT4EVX4/ Vitol will supply Egypt with nine LNG cargoes for two years starting June 2015, an Egyptian oil ministry statement said. Fri, 20 Feb 2015 06:23:51 GMT Reuters TR20150219nL5N0VT4EVX4 Subscription Egypt, Qatar trade barbs in dispute over Libya strikes http://www.zawya.com/story/Egypt_Qatar_trade_barbs_in_dispute_over_Libya_strikes-TR20150219nL5N0VT06CX4/ Qatar has recalled its ambassador from Cairo after an Egyptian diplomat accused the Doha government of supporting terrorism in a dispute over Egyptian air strikes on Islamic State targets in Libya. Fri, 20 Feb 2015 06:08:51 GMT Reuters TR20150219nL5N0VT06CX4 Open Orascom Construction to raise up to USD241m in Egypt share offer http://www.zawya.com/story/Orascom_Construction_to_raise_up_to_USD241m_in_Egypt_share_offer-TR20150219nL5N0VT1UIX3/ Orascom Construction plans to raise as much as USD241 million in a sale of new shares in Egypt over the next few weeks, in a move that could help to re-energize Cairo's stock market after years of political and economic turmoil. Thu, 19 Feb 2015 13:14:55 GMT Reuters TR20150219nL5N0VT1UIX3 Subscription Qatar recalls ambassador to Egypt following dispute over Libya strikes http://www.zawya.com/story/Qatar_recalls_ambassador_to_Egypt_following_dispute_over_Libya_strikes-TR20150219nL5N0VT06CX3/ Qatar has recalled its ambassador to Egypt, state news agency QNA said late on Wednesday, following a dispute over Egyptian air strikes on Islamic State targets in Libya. Thu, 19 Feb 2015 08:23:56 GMT Reuters TR20150219nL5N0VT06CX3 Open OiLibya: Investments in Egypt ongoing, to pump more in 2015 http://www.zawya.com/story/OiLibya_Investments_in_Egypt_ongoing_to_pump_more_in_2015-ZAWYA20150219061818/ Libyan petroleum dealer OiLibya's investments in Egypt will not be negatively affected by the current political events, managing direct Saleh Abdali said. Thu, 19 Feb 2015 06:57:05 GMT Amwal Alghad ZAWYA20150219061818 Open China's USD24.3m non-refundable grant to Egypt endorsed - Cabinet http://www.zawya.com/story/Chinas_USD243m_nonrefundable_grant_to_Egypt_endorsed__Cabinet-ZAWYA20150219061801/ The Egyptian cabinet ratified Wednesday a bilateral trade agreement on technical and economic cooperation between Egypt and China which was signed on December 23, 2014. Thu, 19 Feb 2015 06:56:38 GMT Amwal Alghad ZAWYA20150219061801 Open SFD plans first cooperation with ADIB to support SMEs in Egypt http://www.zawya.com/story/SFD_plans_first_cooperation_with_ADIB_to_support_SMEs_in_Egypt-ZAWYA20150219062553/ Egypt's Social Fund for Development (SFD) plans to sign its first agreement with Abu Dhabi Islamic Bank (ADIB) to finance small and medium-sized projects in Egypt, secretary-general Soha Soliman announced. Thu, 19 Feb 2015 06:55:14 GMT Amwal Alghad ZAWYA20150219062553 Open Carbon Holding receive USD4.5bn loans from global lenders in Q4-2014 http://www.zawya.com/story/Carbon_Holding_receive_USD45bn_loans_from_global_lenders_in_Q42014-ZAWYA20150219062523/ Egypt's Carbon Holding is aiming to get loans worth USD 4.5 billion from banks and financial institutions within the last quarter of 2014 in order to implement Tahrir complex for petrochemical. Thu, 19 Feb 2015 06:51:48 GMT Amwal Alghad ZAWYA20150219062523 Open L'Oréal opens its Egypt factory to meet beauty demands of consumers in MENA http://www.zawya.com/story/LOr233al_opens_its_Egypt_factory_to_meet_beauty_demands_of_consumers_in_MENA-ZAWYA20150219062630/ L'Oréal announced on February 9th the inauguration of its first factory at the heart of the Arab World, located near Cairo in the Pyramids Industrial Park of 10th of Ramadan. Thu, 19 Feb 2015 06:51:32 GMT Amwal Alghad ZAWYA20150219062630 Open Suez Canal Insurance: Investments 1.6% down at end-2014 http://www.zawya.com/story/Suez_Canal_Insurance_Investments_16_down_at_end2014-ZAWYA20150219063057/ Leading Egyptian composite insurer, Suez Canal Insurance Company records a 1.6% fall in volume of investments by end of 2014. Thu, 19 Feb 2015 06:49:58 GMT Amwal Alghad ZAWYA20150219063057 Open CIB considers financing USD9bn Egypt coal projects http://www.zawya.com/story/CIB_considers_financing_USD9bn_Egypt_coal_projects-ZAWYA20150219063119/ The Commercial International Bank of Egypt, one of the largest private-sector lenders in the country, plans to provide financing for 3 coal projects. Thu, 19 Feb 2015 06:49:17 GMT Amwal Alghad ZAWYA20150219063119 Open Weak oil, earnings and dividends may weigh on Gulf markets http://www.zawya.com/story/Weak_oil_earnings_and_dividends_may_weigh_on_Gulf_markets-TR20150219nL5N0VT083X2/ Gulf stock markets may pull back on Thursday after Brent oil fell below $60 per barrel and companies in the region announced earnings and dividends that look likely to disappoint investors. Thu, 19 Feb 2015 06:02:52 GMT Reuters TR20150219nL5N0VT083X2 Subscription Qatar says recalls ambassador to Egypt amid dispute over air strikes in Libya http://www.zawya.com/story/Qatar_says_recalls_ambassador_to_Egypt_amid_dispute_over_air_strikes_in_Libya-TR20150219nL5N0VT06CX2/ Qatar has recalled its ambassador in Cairo "for consultations", state news agency QNA said late on Wednesday, amid disputes over Egyptian air strikes in Libya. Thu, 19 Feb 2015 05:58:26 GMT Reuters TR20150219nL5N0VT06CX2 Open Libya, Egypt ask U.N. to lift arms embargo to fight Islamic State http://www.zawya.com/story/Libya_Egypt_ask_UN_to_lift_arms_embargo_to_fight_Islamic_State-TR20150218nL1N0VS24OX3/ Libya and Egypt asked the United Nations Security Council on Wednesday to lift an arms embargo on Libya, impose a naval blockade on areas not under government control and help build the country's army to tackle Islamic State and other militants. Thu, 19 Feb 2015 04:33:40 GMT Reuters TR20150218nL1N0VS24OX3 Subscription Noble Clean Fuels to supply Egypt with 7 LNG cargoes- ministry http://www.zawya.com/story/Noble_Clean_Fuels_to_supply_Egypt_with_7_LNG_cargoes_ministry-TR20150218nL5N0VR114X2/ Noble Clean Fuels Limited, a unit of Hong Kong-based Noble Group, will supply Egypt with seven LNG cargoes under a two-year deal that begins in April, Egypt's oil ministry said. Wed, 18 Feb 2015 11:02:30 GMT Reuters TR20150218nL5N0VR114X2 Subscription Deposed Egyptian President Mursi not sent to military trial- prosecutor http://www.zawya.com/story/Deposed_Egyptian_President_Mursi_not_sent_to_military_trial_prosecutor-TR20150218nL5N0VS1W6X2/ An Egyptian prosecutor in Suez City, where the case originated, denied to Reuters on Wednesday that deposed Islamist President Mohamed Mursi had been referred to a military court, after the state news agency initially reported that he had. Wed, 18 Feb 2015 10:57:23 GMT Reuters TR20150218nL5N0VS1W6X2 Open Egypt, Kuwait to invest in petrochem projects http://www.zawya.com/story/Egypt_Kuwait_to_invest_in_petrochem_projects-ZAWYA20150218035946/ Egypt and Kuwait signed a memorandum of understanding to invest some USD 6.8 billion in projects in the petrochemical and phosphate fertilizer sectors. Wed, 18 Feb 2015 07:00:07 GMT The Saudi Gazette ZAWYA20150218035946 Open Egypt's Qalaa considers sale of food businesses, sees 2015 profit http://www.zawya.com/story/Egypts_Qalaa_considers_sale_of_food_businesses_sees_2015_profit-TR20150218nL4N0VS1RLX2/ Egypt's Qalaa Holdings has hired investment bank EFG Hermes to advise it on the possible sale of its food businesses, a deal the conglomerate said would help it return to profit this year instead of 2016. Wed, 18 Feb 2015 06:49:48 GMT Reuters TR20150218nL4N0VS1RLX2 Subscription SFD-Egypt, IDWBE ink EGP50m to support SMEs http://www.zawya.com/story/SFDEgypt_IDWBE_ink_EGP50m_to_support_SMEs-ZAWYA20150218060742/ Egypt's Social Fund for Development signed two French Development Agency-led financing contracts with the Industrial Development & Workers Bank of Egypt (IDWBE). Wed, 18 Feb 2015 06:43:49 GMT Amwal Alghad ZAWYA20150218060742 Open Saudi Dar Al-Ma'ali allocates EGP1.5bn for Square 2 New Cairo project http://www.zawya.com/story/Saudi_Dar_AlMaali_allocates_EGP15bn_for_Square_2_New_Cairo_project-ZAWYA20150218060653/ Saudi Dar Al-Ma'ali for Development and Real Estate Management allocates 1.5 billion Egyptian pounds (USD 196.5 million) for development works on Square 2 New Cairo project, chairman of Al Ahly Real Estate Development announced. Wed, 18 Feb 2015 06:42:20 GMT Amwal Alghad ZAWYA20150218060653 Open Egypt grants microfinance licence to 15 civil societies so far - Official http://www.zawya.com/story/Egypt_grants_microfinance_licence_to_15_civil_societies_so_far__Official-ZAWYA20150218060655/ Egypt's market regulator, the Egyptian Financial Supervisory Authority (EFSA) has granted so far licenses for ten civil societies to practice microfinance activities, chief Sherif Samy announced. Wed, 18 Feb 2015 06:41:26 GMT Amwal Alghad ZAWYA20150218060655 Open Gulf investors may remain cautious as oil slips http://www.zawya.com/story/Gulf_investors_may_remain_cautious_as_oil_slips-TR20150218nL5N0VS08RX2/ Gulf equity markets may struggle to make gains on Wednesday in the absence of fresh catalysts and as slightly weaker oil makes investors cautious about opening new positions. Wed, 18 Feb 2015 05:48:55 GMT Reuters TR20150218nL5N0VS08RX2 Subscription Al Habtoor Group announces plans to produce Hollywood films http://www.zawya.com/story/Al_Habtoor_Group_announces_plans_to_produce_Hollywood_films-GN_17022015_180226/ The Al Habtoor Group said it is considering large scale investments in Egypt, including a plan to construct an Al Habtoor City at a prime location in Cairo. Wed, 18 Feb 2015 05:27:32 GMT Gulf News GN_17022015_180226 Open Deposed Egyptian president Mursi to face military court http://www.zawya.com/story/Deposed_Egyptian_president_Mursi_to_face_military_court-TR20150217nL4N0VR47OX2/ Egypt's deposed Islamist president Mohamed Mursi has been referred to a military court for the first time, the state news agency said on Tuesday. Wed, 18 Feb 2015 05:14:56 GMT Reuters TR20150217nL4N0VR47OX2 Open Egypt's Sisi calls for Libya coalition under U.N. mandate http://www.zawya.com/story/Egypts_Sisi_calls_for_Libya_coalition_under_UN_mandate-TR20150217nL5N0VR4QIX2/ Egyptian President Abdel Fattah al-Sisi has called for a U.N. resolution mandating an international coalition to intervene in Libya after Egypt's air force bombed Islamic State targets there. Wed, 18 Feb 2015 05:02:04 GMT Reuters TR20150217nL5N0VR4QIX2 Open Libya airport, airline says Egypt closes airspace http://www.zawya.com/story/Libya_airport_airline_says_Egypt_closes_airspace-TR20150217nL5N0VR4Q7X2/ A Libyan commercial plane bound for Istanbul was forced to return to Tripoli on Tuesday after Egypt banned overflying its airspace, Tripoli airport and the Libyan airline said. Wed, 18 Feb 2015 04:59:42 GMT Reuters TR20150217nL5N0VR4Q7X2 Open Half projects in Egypt March investment conference to be in energy sector http://www.zawya.com/story/Half_projects_in_Egypt_March_investment_conference_to_be_in_energy_sector-TR20150217nL5N0VR37MX2/ Half the projects Egypt will propose at a March investment summit will be in the energy sector, the minister of international cooperation said on Tuesday. Wed, 18 Feb 2015 04:52:43 GMT Reuters TR20150217nL5N0VR37MX2 Subscription France in 'final stage' of talks to sell Rafale jets to Qatar http://www.zawya.com/story/France_in_final_stage_of_talks_to_sell_Rafale_jets_to_Qatar-TR20150217nL5N0VR45BX2/ France is in the "final stage" of negotiations to sell up to 36 Rafale warplanes to Qatar, a senior French source involved in the discussions said on Tuesday. Wed, 18 Feb 2015 04:45:31 GMT Reuters TR20150217nL5N0VR45BX2 Open Egypt's Sisi urges UN mandate for Libya coalition http://www.zawya.com/story/Egypts_Sisi_urges_UN_mandate_for_Libya_coalition-TR20150217nL5N0VR0XBX3/ Egyptian President Abdel Fattah Al-Sisi called for a United Nations resolution mandating an international coalition to intervene in Libya, after Egypt's air force bombed Islamic State targets there. Tue, 17 Feb 2015 12:17:13 GMT Reuters TR20150217nL5N0VR0XBX3 Open Noble Energy to supply Egypt with 7 LNG cargoes http://www.zawya.com/story/Noble_Energy_to_supply_Egypt_with_7_LNG_cargoes-TR20150217nL5N0VR114X2/ Noble Energy will supply Egypt with seven LNG cargoes under a two-year deal that begins in April, the oil ministry said. Tue, 17 Feb 2015 08:54:10 GMT Reuters TR20150217nL5N0VR114X2 Subscription Egypt: Families of ISIS victims to receive USD26183.8 in compensation http://www.zawya.com/story/Egypt_Families_of_ISIS_victims_to_receive_USD261838_in_compensation-ZAWYA20150217055920/ Families of 21 Copts killed in Libya by Islamic State militants will be offered 200.000 Egyptian pounds (USD 3280) in compensation, Egypt Prime Minister Ibrahim Mahlab announced. Tue, 17 Feb 2015 06:43:39 GMT Amwal Alghad ZAWYA20150217055920 Open