Zawya.com - Egypt Top Stories http://www.zawya.com/top-stories/rss/egypt/ en-us Copyright 2016 Zawya Ltd. All rights reserved. Fri, 05 Feb 2016 18:27:34 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 Italian student killed in Egypt criticised Cairo govt in articles http://www.zawya.com/story/Italian_student_killed_in_Egypt_criticised_Cairo_govt_in_articles-TR20160205nL8N15K49NX2/ An Italian student found dead by a roadside in Cairo with cigarette burns and other signs of torture on his body had written articles critical of the Egyptian government, according to the Italian newspaper that published them. Sat, 06 Feb 2016 04:46:29 GMT Reuters TR20160205nL8N15K49NX2 Open Italian SACE to develop Egypt's Midor refinery http://www.zawya.com/story/Italian_SACE_to_develop_Egypts_Midor_refinery-ZAWYA20160205053950/ Italian joint-stock company SACE is to fund the project of upgrading Egypt's largest oil refinery Midor near Alexandria with the cost of USD 1.2 billion, Italian Economic Development Minister Federica Guidi said. Fri, 05 Feb 2016 08:04:17 GMT Amwal Alghad ZAWYA20160205053950 Open IFC pledges USD144m for Egypt's infrastructure, ports http://www.zawya.com/story/IFC_pledges_USD144m_for_Egypts_infrastructure_ports-ZAWYA20160205053448/ The International Finance Corporation (IFC) announced it is providing a financing package of USD 144 million to Egypt's Sonker Bunkering Company. Fri, 05 Feb 2016 08:01:03 GMT Amwal Alghad ZAWYA20160205053448 Open World Bank says wars, cheap oil hurting Middle East growth http://www.zawya.com/story/World_Bank_says_wars_cheap_oil_hurting_Middle_East_growth-TR20160205nL2N15K02AX2/ The World Bank said that 2015 economic growth in the Middle East and North Africa likely came to just 2.6%, falling short of a 2.8% forecast in October as war, terrorism and cheap oil took their toll. Fri, 05 Feb 2016 06:39:16 GMT Reuters TR20160205nL2N15K02AX2 Open Egypt's NBE makes counterbid for CI Capital http://www.zawya.com/story/Egypts_NBE_makes_counterbid_for_CI_Capital-TR20160204nL8N15J4NTX2/ The National Bank of Egypt's investment banking arm has made a counterbid for CI Capital, an NBE source said. Fri, 05 Feb 2016 05:47:06 GMT Reuters TR20160204nL8N15J4NTX2 Open Italy PM asks Egypt to return body of slain student http://www.zawya.com/story/Italy_PM_asks_Egypt_to_return_body_of_slain_student-TR20160204nR1N14W00UX3/ Italian Prime Minister Matteo Renzi spoke to Egyptian President Abdel Fattah al-Sisi, urging the swift return of the body of a slain Italian student who was found with cigarette burns on his body. Fri, 05 Feb 2016 05:45:41 GMT Reuters TR20160204nR1N14W00UX3 Open Egypt central bank wants to put lid on black market rates http://www.zawya.com/story/Egypt_central_bank_wants_to_put_lid_on_black_market_rates-TR20160204nL8N15J40OX2/ Egypt's central bank has begun holding meetings with foreign exchange bureaus to try to keep a lid on black market rates for the dollar, black market traders said, in a move one banker said was doomed to fail. Fri, 05 Feb 2016 05:40:52 GMT Reuters TR20160204nL8N15J40OX2 Open Signs of torture, cigarette burns on body of dead Italian- Egypt http://www.zawya.com/story/Signs_of_torture_cigarette_burns_on_body_of_dead_Italian_Egypt-TR20160204nC6N152056X3/ Signs of torture and cigarette burns were found on the body of an Italian student who had gone missing in Cairo, a senior Egyptian prosecutor said. Thu, 04 Feb 2016 11:39:55 GMT Reuters TR20160204nC6N152056X3 Open Italy summons Egyptian ambassador over suspicious Cairo death http://www.zawya.com/story/Italy_summons_Egyptian_ambassador_over_suspicious_Cairo_death-TR20160204nL8N15J2NPX3/ Italy's Foreign Ministry summoned the Egyptian ambassador to Rome to express concern about the suspicious death of an Italian man in Cairo, to urge a joint investigation. Thu, 04 Feb 2016 10:56:06 GMT Reuters TR20160204nL8N15J2NPX3 Open Egypt's two state banks sign MoU with Russian Fund http://www.zawya.com/story/Egypts_two_state_banks_sign_MoU_with_Russian_Fund-ZAWYA20160204043804/ Egypt's state-run bank giants, National Bank of Egypt and Banque Misr signed MOU with the Russian Direct Investment Fund. Thu, 04 Feb 2016 10:55:01 GMT Amwal Alghad ZAWYA20160204043804 Open Egypt's HC securities working on USD600m acquisitions http://www.zawya.com/story/Egypts_HC_securities_working_on_USD600m_acquisitions-TR20160204nL8N15J23AX3/ Egypt's HC Securities is working on acquisitions in Egypt worth more than EGP5 billion this year, Chairman Hussein Choucri told Reuters. Thu, 04 Feb 2016 10:02:40 GMT Reuters TR20160204nL8N15J23AX3 Open Torture on body of Italian student missing in Egypt http://www.zawya.com/story/Torture_on_body_of_Italian_student_missing_in_Egypt-TR20160204nL8N15J1Q8X2/ An Italian student who went missing in Cairo has died and an investigation has been launched into signs of torture on his body, found dumped next to a road, security officials said. Thu, 04 Feb 2016 09:29:51 GMT Reuters TR20160204nL8N15J1Q8X2 Open Egypt's Banque Misr set for USD100m China Development Bank loan http://www.zawya.com/story/Egypts_Banque_Misr_set_for_USD100m_China_Development_Bank_loan-TR20160204nC6N149014X4/ Egypt's second-largest state lender, Banque Misr, expects to receive a USD 100 million loan from China Development Bank in February to finance small and medium enterprises. Thu, 04 Feb 2016 07:33:31 GMT Reuters TR20160204nC6N149014X4 Open Thirty Italian firms seek investing in Egypt http://www.zawya.com/story/Thirty_Italian_firms_seek_investing_in_Egypt-ZAWYA20160204043828/ Egyptian trade minister is to hold an expanded meeting with the Italian Minister of Economic Development to review investment opportunities available in Egypt. Thu, 04 Feb 2016 06:46:52 GMT Amwal Alghad ZAWYA20160204043828 Open Tough start to 2016 with S&P GCC index declining-Markaz http://www.zawya.com/story/Tough_start_to_2016_with_SP_GCC_index_decliningMarkaz-ZAWYA20160204043942/ Markaz examines and analyzes the performance of equity markets in the MENA region. Thu, 04 Feb 2016 06:09:53 GMT Kuwait Times ZAWYA20160204043942 Open EU wheat at new low as Egypt rule reversal fails to lift mood http://www.zawya.com/story/EU_wheat_at_new_low_as_Egypt_rule_reversal_fails_to_lift_mood-TR20160203nL8N15I4Q0X2/ European wheat futures sank to fresh contract lows as traders reacted cautiously to a move by Egypt to resolve a standoff over import terms, and a jump in the euro underlined a tough export outlook. Thu, 04 Feb 2016 04:44:19 GMT Reuters TR20160203nL8N15I4Q0X2 Open Italian student missing in Egypt likely dead http://www.zawya.com/story/Italian_student_missing_in_Egypt_likely_dead-TR20160203nL8N15I5CZX2/ An Italian student from Britain's Cambridge University who went missing last week in Cairo is likely dead, the Italian foreign ministry said. Thu, 04 Feb 2016 04:21:02 GMT Reuters TR20160203nL8N15I5CZX2 Open Saudi ends higher on oil rebound, most of Gulf soft http://www.zawya.com/story/Saudi_ends_higher_on_oil_rebound_most_of_Gulf_soft-TR20160203nL8N15I39SX2/ A late rebound in oil prices helped Saudi stock market close higher while most other Gulf bourses were lower. Real estate shares helped to lift Egypt's market. Wed, 03 Feb 2016 13:45:36 GMT Reuters TR20160203nL8N15I39SX2 Open El Sewedy Electric Angola power stations deal http://www.zawya.com/story/El_Sewedy_Electric_Angola_power_stations_deal-TR20160203nL8N15I33UX5/ A subsidiary of El Sewedy Electric has signed a USD484.5 million contract to build three power stations in Angola but deal is not yet in effect, Egyptian firm said in statement. Wed, 03 Feb 2016 13:38:51 GMT Reuters TR20160203nL8N15I33UX5 Open Egyptian dairy firm Domty to list in Mar- MD http://www.zawya.com/story/Egyptian_dairy_firm_Domty_to_list_in_Mar_MD-TR20160203nL8N15I2VWX3/ Egyptian dairy firm Arabian Food Industries (Domty) is planning an initial public offering (IPO) on Cairo bourse in March, Chairman and Managing Director Omar El Damaty said. Wed, 03 Feb 2016 12:35:55 GMT Reuters TR20160203nL8N15I2VWX3 Open Egypt to accept wheat with 0.05% ergot http://www.zawya.com/story/Egypt_to_accept_wheat_with_005_ergot-TR20160203nL8N15I2EJX2/ Egypt's agriculture ministry will allow wheat imports with up to 0.05 percent levels of ergot, a common grains fungus, it said. Wed, 03 Feb 2016 12:16:54 GMT Reuters TR20160203nL8N15I2EJX2 Open Egyptian forces kill 2 militants in upscale Cairo http://www.zawya.com/story/Egyptian_forces_kill_2_militants_in_upscale_Cairo-TR20160203nL8N15I1Y8X2/ Egyptian security forces killed two suspected Islamist militants during clashes in the upscale Cairo district of Maadi. Wed, 03 Feb 2016 10:12:13 GMT Reuters TR20160203nL8N15I1Y8X2 Open Misr Insurance wins fertilisers firm's policy bid http://www.zawya.com/story/Misr_Insurance_wins_fertilisers_firms_policy_bid-ZAWYA20160203050850/ Misr Insurance Company wins a policy bid to insure the assets, facilities, factories, and premises of one of Alexandria-based fertilisers firm. Wed, 03 Feb 2016 08:00:17 GMT Amwal Alghad ZAWYA20160203050850 Open Egypt to increase agricultural exports to Russia http://www.zawya.com/story/Egypt_to_increase_agricultural_exports_to_Russia-ZAWYA20160203050803/ Egypt intends to increase its exports of vegetable and fruits to the Russian market. Wed, 03 Feb 2016 07:59:11 GMT Amwal Alghad ZAWYA20160203050803 Open EFG Hermes targets new IPOs http://www.zawya.com/story/EFG_Hermes_targets_new_IPOs-ZAWYA20160203050934/ Egypt's EFG-Hermes plans to run some new initial public offerings (IPOs) in food, healthcare, education, industrial sectors. Wed, 03 Feb 2016 07:57:34 GMT Amwal Alghad ZAWYA20160203050934 Open Sisi urges Russia to execute its projects in Egypt http://www.zawya.com/story/Sisi_urges_Russia_to_execute_its_projects_in_Egypt-ZAWYA20160203051000/ Egyptian president Abdel Fattah al-Sisi urged Russia to execute the agreed upon projects as soon as possible. Wed, 03 Feb 2016 07:54:17 GMT Amwal Alghad ZAWYA20160203051000 Open Chinese,Egyptian contractors in alliance to win African projects http://www.zawya.com/story/ChineseEgyptian_contractors_in_alliance_to_win_African_projects-ZAWYA20160203051042/ A group of Egyptian and Chinese contracting companies have forged an alliance to compete for projects tendered in the African markets. Wed, 03 Feb 2016 07:51:35 GMT Amwal Alghad ZAWYA20160203051042 Open Egypt to float Arab Investment Bank on bourse http://www.zawya.com/story/Egypt_to_float_Arab_Investment_Bank_on_bourse-ZAWYA20160203052916/ State-run National Investment Bank of Egypt plans to float some of its shares in the Arab Investment Bank on local bourse soon. Wed, 03 Feb 2016 07:45:37 GMT Amwal Alghad ZAWYA20160203052916 Open Egypt plans to attract oil and gas investments http://www.zawya.com/story/Egypt_plans_to_attract_oil_and_gas_investments-ZAWYA20160203052010/ Egypt's petroleum sector plans to attract Arab and foreign investments in oil and gas industries field. Wed, 03 Feb 2016 06:59:06 GMT Amwal Alghad ZAWYA20160203052010 Open Egyptians for Housing plans tower project http://www.zawya.com/story/Egyptians_for_Housing_plans_tower_project-ZAWYA20160203052826/ Egyptians Housing Development and Reconstruction is studying the establishment of a residential and administrative tower in south of Cairo. Wed, 03 Feb 2016 06:56:47 GMT Amwal Alghad ZAWYA20160203052826 Open Egypt's non-oil business activity slows in Jan http://www.zawya.com/story/Egypts_nonoil_business_activity_slows_in_Jan-TR20160203nL8N15G33WX2/ Business activity in Egypt shrank for the fourth straight month in January as new export orders tumbled. Wed, 03 Feb 2016 05:35:06 GMT Reuters TR20160203nL8N15G33WX2 Subscription Egypt eyes flight resumption with Russia http://www.zawya.com/story/Egypt_eyes_flight_resumption_with_Russia-ZAWYA20160203051911/ An Egyptian airline plans to buy up to 10 Russian-made jets and could also restore flights that were suspended after a plane crash last year. Wed, 03 Feb 2016 05:25:30 GMT Reuters ZAWYA20160203051911 Open Egypt, Russia may start building nuclear plant http://www.zawya.com/story/Egypt_Russia_may_start_building_nuclear_plant-TR20160202nL8N15H4DMX3/ Egypt may start construction of its first nuclear power plant with Russia's assistance in 2018, Interfax news agency quoted Industry and Trade Minister Denis Manturov as saying. Wed, 03 Feb 2016 03:18:49 GMT Reuters TR20160202nL8N15H4DMX3 Open EU wheat at new lows as Egypt darkens export outlook http://www.zawya.com/story/EU_wheat_at_new_lows_as_Egypt_darkens_export_outlook-TR20160202nL8N15H4AFX2/ Euronext wheat futures hit new contract lows as the cancelling of a tender by Egypt hardened a standoff over import rules, adding uncertainty to a market needing to clear large stocks. Wed, 03 Feb 2016 03:16:27 GMT Reuters TR20160202nL8N15H4AFX2 Open Egyptian Leisure Airlines to buy Russian Sukhoi jets http://www.zawya.com/story/Egyptian_Leisure_Airlines_to_buy_Russian_Sukhoi_jets-TR20160202nL8N15H2DDX3/ Privately-owned Egyptian Leisure Airlines agreed a multi-million dollar deal in Cairo to buy four Russian-made passenger jets from Sukhoi Civil Aircraft, with the option of ordering another six. Wed, 03 Feb 2016 03:14:52 GMT Reuters TR20160202nL8N15H2DDX3 Open Egypt edges toward wheat supply crisis http://www.zawya.com/story/Egypt_edges_toward_wheat_supply_crisis-TR20160202nL8N15H2PCX2/ Egypt's wheat suppliers boycotted en masse a state tender, pushing the world's biggest purchaser of the commodity towards a crisis that could threaten its strategic grain reserves. Wed, 03 Feb 2016 03:13:48 GMT Reuters TR20160202nL8N15H2PCX2 Open Egyptian Leisure Airlines to buy Russian Sukhoi jets http://www.zawya.com/story/Egyptian_Leisure_Airlines_to_buy_Russian_Sukhoi_jets-TR20160202nL8N15H2DDX2/ Privately owned Egyptian Leisure Airlines will sign a deal in Cairo to buy at least five Russian Sukhoi jets, an Egyptian source said. Tue, 02 Feb 2016 11:41:57 GMT Reuters TR20160202nL8N15H2DDX2 Open Search for Italian student missing in Cairo http://www.zawya.com/story/Search_for_Italian_student_missing_in_Cairo-TR20160202nL8N15G4HHX2/ Italy is working with the Egyptian government to find an Italian student from Britain's Cambridge University who went missing last week in Cairo. Tue, 02 Feb 2016 10:48:52 GMT Reuters TR20160202nL8N15G4HHX2 Open Egypt, Russia, UAE to sign deal on joint investment fund http://www.zawya.com/story/Egypt_Russia_UAE_to_sign_deal_on_joint_investment_fund-ZAWYA20160202043152/ Egypt, Russia, and UAE will sign in Cairo Tuesday an agreement to establish a tripartite investment fund, Egyptian Industry Minister Tarek Qabil said. Tue, 02 Feb 2016 06:25:53 GMT Amwal Alghad ZAWYA20160202043152 Open New link allows Egyptian investors to trade on Nasdaq Dubai http://www.zawya.com/story/New_link_allows_Egyptian_investors_to_trade_on_Nasdaq_Dubai-GN_01022016_020229/ Egyptian investors can now easily buy and sell shares on the Nasdaq Dubai exchange through a newly created link with Misr for Central Clearing, Depository and Registry (MCDR), the Dubai bourse said in a statement on Monday, a step to further facilitate dual listing. Tue, 02 Feb 2016 05:50:17 GMT Gulf News GN_01022016_020229 Open EU wheat hits contract lows after Egypt rejects French cargo http://www.zawya.com/story/EU_wheat_hits_contract_lows_after_Egypt_rejects_French_cargo-TR20160201nL8N15G3X4X2/ European wheat prices fell to new contract lows after a move by Egypt's state grain buyer to reject a cargo of French wheat because it did not comply with new import rules. Tue, 02 Feb 2016 03:15:54 GMT Reuters TR20160201nL8N15G3X4X2 Open Egypt to launch agricultural commodities bourse by year-end http://www.zawya.com/story/Egypt_to_launch_agricultural_commodities_bourse_by_yearend-TR20160201nL8N15G1VGX3/ Egypt plans to launch an agricultural-focused commodities trading exchange, the first of its kind in the Middle East, by the end of 2016, Supplies Minister Khaled Hanafi said. Mon, 01 Feb 2016 11:47:20 GMT Reuters TR20160201nL8N15G1VGX3 Open MENA steps up energy efficiency drive http://www.zawya.com/story/MENA_steps_up_energy_efficiency_drive-ZAWYA20160201100201/ Energy demand in MENA is growing at more than three times the global average. Mon, 01 Feb 2016 10:10:21 GMT Zawya ZAWYA20160201100201 Open Saudi pulls back with oil, Egypt falls http://www.zawya.com/story/Saudi_pulls_back_with_oil_Egypt_falls-TR20160201nL8N15G1DVX2/ Saudi Arabia's stock market fell early after oil prices pulled back, while Egypt dropped again on currency jitters. Mon, 01 Feb 2016 09:23:53 GMT Reuters TR20160201nL8N15G1DVX2 Subscription Egypt rejected French wheat shipment after re-testing http://www.zawya.com/story/Egypt_rejected_French_wheat_shipment__after_retesting-TR20160131nL8N15F0GJX2/ Egypt rejected a French wheat shipment it said did not meet strict new import rules. Mon, 01 Feb 2016 08:57:26 GMT Reuters TR20160131nL8N15F0GJX2 Open Egyptian Holding Construction merges affiliates to avoid recession http://www.zawya.com/story/Egyptian_Holding_Construction_merges_affiliates_to_avoid_recession-ZAWYA20160201043613/ Egyptian Holding Company for Construction and Development (HCCD) has merged a number of affiliates among its plans to protect them from recession. Mon, 01 Feb 2016 05:30:06 GMT Amwal Alghad ZAWYA20160201043613 Open Four banks ink bridge loan for Egypt's Social Housing project http://www.zawya.com/story/Four_banks_ink_bridge_loan_for_Egypts_Social_Housing_project-ZAWYA20160201042418/ Egyptian housing ministry and Social Housing Fund have signed a bridge loan agreement with four banks. Mon, 01 Feb 2016 04:34:27 GMT Amwal Alghad ZAWYA20160201042418 Open China's Sinoma signs contract with Egypt's South Valley Cement http://www.zawya.com/story/Chinas_Sinoma_signs_contract_with_Egypts_South_Valley_Cement-ZAWYA20160201042521/ Egypt-based South Valley Cement Co. (SVCE) has signed an EPC contract with Chinese firm Sinoma CDI, to allow its plant to use coke. Mon, 01 Feb 2016 04:32:24 GMT Amwal Alghad ZAWYA20160201042521 Open Gulf jumps on oil price recovery, Egypt edges higher http://www.zawya.com/story/Gulf_jumps_on_oil_price_recovery_Egypt_edges_higher-TR20160131nL8N15F0G4X2/ Gulf stock markets rose sharply for a second straight trading day after oil prices surged at the end of last week. Sun, 31 Jan 2016 13:49:03 GMT Reuters TR20160131nL8N15F0G4X2 Subscription Egypt increases tariffs on range of imports http://www.zawya.com/story/Egypt_increases_tariffs_on_range_of_imports-TR20160131nL8N15F07LX2/ Egypt has raised tariff rates on a wide range of imports to be implemented on Mon, Feb 1, the official Gazette said. Sun, 31 Jan 2016 11:53:16 GMT Reuters TR20160131nL8N15F07LX2 Subscription Egypt M2 money supply rises 18.6% in Dec http://www.zawya.com/story/Egypt_M2_money_supply_rises_186_in_Dec-TR20160131nL8N15F0AXX2/ Egypt's M2 money supply was up 18.6% at the end of December from a year earlier, the central bank said on its website. Sun, 31 Jan 2016 11:31:11 GMT Reuters TR20160131nL8N15F0AXX2 Open Mideast funds anticipate rebuilding equities positions -survey http://www.zawya.com/story/Mideast_funds_anticipate_rebuilding_equities_positions_survey-TR20160131nL8N15F03BX3/ Many Middle East fund managers have become less bearish towards bonds, a monthly Reuters survey shows. Sun, 31 Jan 2016 06:54:56 GMT Reuters TR20160131nL8N15F03BX3 Open Egypt seeks GDP growth rate of 7% http://www.zawya.com/story/Egypt_seeks_GDP_growth_rate_of_7-ZAWYA20160131043255/ Egypt is targeting a GDP growth of up to 7 percent by the end of the financial year 2018-2019. Sun, 31 Jan 2016 05:34:24 GMT Amwal Alghad ZAWYA20160131043255 Open Egypt in talks to establish $5.3bn-petrochemicals complex http://www.zawya.com/story/Egypt_in_talks_to_establish_53bnpetrochemicals_complex-ZAWYA20160131043323/ Egyptian General Authority for Suez Canal Economic Zone is currently negotiating on establishing petrochemicals complex in Ain Sukhna. Sun, 31 Jan 2016 05:19:41 GMT Amwal Alghad ZAWYA20160131043323 Open Poll-Oil to average just over USD40 in 2016 http://www.zawya.com/story/PollOil_to_average_just_over_USD40_in_2016-ZAWYA20160131050115/ Oil prices will average just over $40 this year, the biggest cut to monthly forecasts in a year. Sun, 31 Jan 2016 05:03:18 GMT Reuters ZAWYA20160131050115 Open Egypt says made no arrests in connection to Russian plane crash http://www.zawya.com/story/Egypt_says_made_no_arrests_in_connection_to_Russian_plane_crash-TR20160130nL8N15E0L0X2/ Egypt's interior ministry denied on Saturday making any arrests in connection with the crash of a Russian passenger plane in Sinai last October. Sun, 31 Jan 2016 02:29:48 GMT Reuters TR20160130nL8N15E0L0X2 Open Egyptian Gulf Bank approves capital increase http://www.zawya.com/story/Egyptian_Gulf_Bank_approves_capital_increase-ZAWYA20160129061052/ Egyptian Gulf Bank extra-ordinary general assembly (EGM) was convened Wednesday, to approve the bank's capital increase through cash subscription. The increase amounts to USD 129,364,433 which will be on slides set by board of directors. Fri, 29 Jan 2016 08:10:34 GMT Amwal Alghad ZAWYA20160129061052 Open Egypt's Norpetco rises oil production to 8,000 B/D http://www.zawya.com/story/Egypts_Norpetco_rises_oil_production_to_8000_BD-ZAWYA20160129061212/ Oil production rates of Egypt's North Bahariya Petroleum Company (Norpetco) have reached around 7641,000 barrels per day, Petroleum Minister Tarek El-Molla said in a statement Thursday. Fri, 29 Jan 2016 08:09:40 GMT Amwal Alghad ZAWYA20160129061212 Open Egypt's Qalaa Holdings closes sale of two units http://www.zawya.com/story/Egypts_Qalaa_Holdings_closes_sale_of_two_units-ZAWYA20160129061116/ Qalaa Holdings announced that its subsidiary Mena Glass Ltd. had finalised the deal of selling its stake in both Misr Glass Manufacturing (MGM) and United Glass Containers (UGC). Fri, 29 Jan 2016 08:01:13 GMT Amwal Alghad ZAWYA20160129061116 Open Printing Chamber, Industrial Modernisation to qualify 50 Egyptian printing houses http://www.zawya.com/story/Printing_Chamber_Industrial_Modernisation_to_qualify_50_Egyptian_printing_houses-ZAWYA20160129061145/ Egyptian Chamber of Printing and Packaging Industries is adopting a project to qualify 50 printing houses in cooperation with Industrial Modernisation Centre (IMC), chamber's Chairman Khalid Abdo said. Fri, 29 Jan 2016 07:59:03 GMT Amwal Alghad ZAWYA20160129061145 Open Plane searched at Cairo airport after bomb threat http://www.zawya.com/story/Plane_searched_at_Cairo_airport_after_bomb_threat-TR20160128nL8N15C4CDX2/ Egyptian security began searching a passenger plane at Cairo airport on Thursday afternoon after receiving a warning that a bomb was hidden on board, security sources said. Fri, 29 Jan 2016 07:43:22 GMT Reuters TR20160128nL8N15C4CDX2 Open Occupancy, room rates dip across Middle East hotels in 2015 http://www.zawya.com/story/Occupancy_room_rates_dip_across_Middle_East_hotels_in_2015-GN_28012016_290112/ Occupancy and average daily rates (ADR) in Middle East hotels slipped last year compared to 2014, according to a new report. Fri, 29 Jan 2016 06:53:33 GMT Gulf News GN_28012016_290112 Open Egypt central bank keeps main interest rates unchanged http://www.zawya.com/story/Egypt_central_bank_keeps_main_interest_rates_unchanged-TR20160128nL8N15C4LJX2/ The Monetary Policy Committee (MPC) kept the overnight deposit rate at 9.25% and the overnight lending rate at 10.25%. Fri, 29 Jan 2016 05:11:06 GMT Reuters TR20160128nL8N15C4LJX2 Subscription Saudi firms as Brent settles above USD30; Egypt up in modest volumes http://www.zawya.com/story/Saudi_firms_as_Brent_settles_above_USD30_Egypt_up_in_modest_volumes-TR20160128nL8N15C1CWX2/ Saudi stocks firmed up as oil prices held above USD30 a barrel, while Egypt edged higher on modest volumes. Thu, 28 Jan 2016 09:16:53 GMT Reuters TR20160128nL8N15C1CWX2 Subscription China's CREC to implent two projects in Egypt's new capital city http://www.zawya.com/story/Chinas_CREC_to_implent_two_projects_in_Egypts_new_capital_city-ZAWYA20160128044317/ Egypt and China Railway Group Limited (CREC) have signed MOU to implement two projects in the Egyptian new administrative capital city. Thu, 28 Jan 2016 04:53:52 GMT Amwal Alghad ZAWYA20160128044317 Open Saudi Arabia to build King Salman University in Sinai http://www.zawya.com/story/Saudi_Arabia_to_build_King_Salman_University_in_Sinai-ZAWYA20160128044852/ The university will include around 10 faculties, some of them to be established in Sharm El-Sheikh and Ras Sedr cities. Thu, 28 Jan 2016 04:51:26 GMT Amwal Alghad ZAWYA20160128044852 Open 5 Egyptian soldiers killed, 12 injured in explosion http://www.zawya.com/story/5_Egyptian_soldiers_killed_12_injured_in_explosion-TR20160127nL8N15B43CX2/ At least four Egyptian army soldiers were killed and 12 injured in the Sinai Peninsula after an armoured personnel carrier exploded on the outskirts of the city of Arish, security and medical sources said. Thu, 28 Jan 2016 03:23:32 GMT Reuters TR20160127nL8N15B43CX2 Open Bourses rise as oil remains over USD30; Dubai gets boost from results http://www.zawya.com/story/Bourses_rise_as_oil_remains_over_USD30_Dubai_gets_boost_from_results-TR20160127nL8N15B2B8X2/ Bourses in the Middle East advanced as investors nerves were quelled, for now, by Brent prices trading over USD30. Wed, 27 Jan 2016 13:57:41 GMT Reuters TR20160127nL8N15B2B8X2 Subscription Dollar surges against Egyptian pound after cbank raises cap on deposits http://www.zawya.com/story/Dollar_surges_against_Egyptian_pound_after_cbank_raises_cap_on_deposits-TR20160127nL8N15B2JYX2/ Dollar surged against the Egyptian pound on the black market on Wednesday, a day after the central bank raised a cap on foreign currency deposits. Wed, 27 Jan 2016 12:14:20 GMT Reuters TR20160127nL8N15B2JYX2 Subscription Egypt:Aswan's Elephantine Hotel to start operating Feb.13 http://www.zawya.com/story/EgyptAswans_Elephantine_Hotel_to_start_operating_Feb13-ZAWYA20160127041345/ The Egyptian General Company for Tourism and Hotels (EGOTH) is to inaugurate Elephantine Hotel in Aswan governorate on February 13, 2016. Wed, 27 Jan 2016 10:43:59 GMT Amwal Alghad ZAWYA20160127041345 Open Egypt raises dollar deposit caps for imports of essential goods http://www.zawya.com/story/Egypt_raises_dollar_deposit_caps_for_imports_of_essential_goods-ZAWYA20160127041439/ Egypt's central bank announced that it would raise the monthly limit to $250,000 for importers of food, machinery, spare parts, capital goods and medicine. Wed, 27 Jan 2016 10:42:38 GMT Amwal Alghad ZAWYA20160127041439 Open Saudi, Egypt rise as Brent settles above USD30 http://www.zawya.com/story/Saudi_Egypt_rise_as_Brent_settles_above_USD30-TR20160127nL8N15B1GNX2/ Bourses in Saudi Arabia and Egypt rose in early trade on Wednesday as investors, encouraged by signs that Brent crude may settle above USD30 a barrel. Wed, 27 Jan 2016 09:57:04 GMT Reuters TR20160127nL8N15B1GNX2 Subscription Saudis buying properties in Egypt http://www.zawya.com/story/Saudis_buying_properties_in_Egypt-ZAWYA20160127043206/ Many Saudis believe that Egypt is the best country to purchase a second home, with many buying houses as investment or vacation properties. Wed, 27 Jan 2016 06:00:27 GMT The Saudi Gazette ZAWYA20160127043206 Open Egypt's Arab Contractors completes phase II in Kuwait's Al-Jahra Road http://www.zawya.com/story/Egypts_Arab_Contractors_completes_phase_II_in_Kuwaits_AlJahra_Road-ZAWYA20160127044655/ Egypt's Arab Contractors has completed the second phase of a road project in Al-Jahra, 32 kilometres (20 miles) west of Kuwait City. Wed, 27 Jan 2016 05:59:28 GMT Amwal Alghad ZAWYA20160127044655 Open Boosting Middle East economy is way to beat extremism http://www.zawya.com/story/Boosting_Middle_East_economy_is_way_to_beat_extremism-TR20160126nL8N15A1Z1X3/ Generating economic growth in the Middle East is crucial to defeating extremism, Iranian President Hassan Rouhani said, putting forward his country as a regional trade hub and pillar of stability. Wed, 27 Jan 2016 04:46:52 GMT Reuters TR20160126nL8N15A1Z1X3 Open Orascom Construction's nine-month profits fall 69% http://www.zawya.com/story/Orascom_Constructions_ninemonth_profits_fall_69-ZAWYA20160127041502/ Orascom Construction Industries (OCI), owned by Egyptian tycoon Nassef Sawiris, recorded a 69.4 percent fall in profits in the first nine months of 2015, Wed, 27 Jan 2016 04:30:38 GMT Amwal Alghad ZAWYA20160127041502 Open Egypt's ergot fungus saga leaves wheat traders in limbo http://www.zawya.com/story/Egypts_ergot_fungus_saga_leaves_wheat_traders_in_limbo-TR20160126nL8N15A2NTX2/ One Egyptian official's tough stance on wheat imports carrying a fungus that wreaked havoc in the Middle Ages is baffling global grain traders and putting a spotlight on policy-making disarray in the world's biggest purchaser of the commodity. Wed, 27 Jan 2016 03:27:30 GMT Reuters TR20160126nL8N15A2NTX2 Open Egypt raises cap on forex deposits for imports of essential goods http://www.zawya.com/story/Egypt_raises_cap_on_forex_deposits_for_imports_of_essential_goods-TR20160126nL8N15A30SX3/ Egypt's central bank raised the cap on foreign currency deposits at banks fivefold to USD 250,000 to help relieve a dollar shortage that has seen imports of essential goods piling up at ports. Wed, 27 Jan 2016 03:23:45 GMT Reuters TR20160126nL8N15A30SX3 Open Saudi, Egypt edge up as oil rebounds http://www.zawya.com/story/Saudi_Egypt_edge_up_as_oil_rebounds-TR20160126nL8N15A2DXX2/ Bourses in Saudi Arabia and Egypt recovered earlier losses and edged higher as crude prices bounced back, while other major Gulf stock markets slid. Tue, 26 Jan 2016 13:43:44 GMT Reuters TR20160126nL8N15A2DXX2 Subscription Saudi, Egypt fall as oil, global bourses decline http://www.zawya.com/story/Saudi_Egypt_fall_as_oil_global_bourses_decline-TR20160126nL8N15A1DPX2/ Bourses in Saudi Arabia and Egypt fell in early trade as investors cashed out following a resumption in declines of global stocks, worries over further weakness in oil markets. Tue, 26 Jan 2016 09:08:24 GMT Reuters TR20160126nL8N15A1DPX2 Subscription China's Evergreen to cooperate in building Cairo's smart parking garages http://www.zawya.com/story/Chinas_Evergreen_to_cooperate_in_building_Cairos_smart_parking_garages-ZAWYA20160126045612/ Cairo Governorate has signed a memorandum of understanding with China's Evergreen Industries Holding Group. Tue, 26 Jan 2016 07:50:11 GMT Amwal Alghad ZAWYA20160126045612 Open Unilever Mashreq eyes USD25.5m supply contracts with Egypt's FIHC in 2016 http://www.zawya.com/story/Unilever_Mashreq_eyes_USD255m_supply_contracts_with_Egypts_FIHC_in_2016-ZAWYA20160126045524/ Unilever Mashreq eyes boosting the volume of supply contracts with Egyptian Food Industries Holding Company (FIHC) to around 200 million Egyptian pounds (USD 25.5million) at the end of 2016. Tue, 26 Jan 2016 05:45:47 GMT Amwal Alghad ZAWYA20160126045524 Open Russia seeks strategic alliance with Egypt to build silos http://www.zawya.com/story/Russia_seeks_strategic_alliance_with_Egypt_to_build_silos-ZAWYA20160126050319/ Russian trade representative in Egypt Fedor A. Lukashin suggested to create strategic alliance and investment partnership with Egypt in the field of logistic services. Tue, 26 Jan 2016 05:42:55 GMT Amwal Alghad ZAWYA20160126050319 Open Misr Insurance wins Ethylene producer Ethydco's USD1.9bn policy bid http://www.zawya.com/story/Misr_Insurance_wins_Ethylene_producer_Ethydcos_USD19bn_policy_bid-ZAWYA20160126051337/ The leading insurer in MENA region, Misr Insurance Company has won a policy bid for Egyptian Ethylene and Derivatives Company (Ethydco), its board member Mohamed Khalifa announced. Tue, 26 Jan 2016 05:41:16 GMT Amwal Alghad ZAWYA20160126051337 Open Little sign of protest on anniversary of Egypt's uprising http://www.zawya.com/story/Little_sign_of_protest_on_anniversary_of_Egypts_uprising-TR20160125nL8N1591SLX2/ About 100 people gathered in Cairo's Tahrir Square, not to celebrate those who instigated revolt there five years ago that overthrew Egypt's Hosni Mubarak. Mon, 25 Jan 2016 13:30:41 GMT Reuters TR20160125nL8N1591SLX2 Open Russian MP eyes resumption of flights with Egypt http://www.zawya.com/story/Russian_MP_eyes_resumption_of_flights_with_Egypt-TR20160125nR4N15401UX4/ Russia is interested in resuming in full its relations with Egypt in tourism and in civil aviation flights,Sergei Naryshkin, speaker of Russian lower house of parliament said. Mon, 25 Jan 2016 10:39:32 GMT Reuters TR20160125nR4N15401UX4 Open Al Baraka Bank - Egypt 2015 net profit up 18% http://www.zawya.com/story/Al_Baraka_Bank__Egypt_2015_net_profit_up_18-ZAWYA20160125055729/ Egypt, part of the Bahraini Al Baraka Group, reported an 18 percent rise in 2015 net profit, the lender announced. Mon, 25 Jan 2016 08:47:26 GMT Amwal Alghad ZAWYA20160125055729 Open Egypt's Maridive approves UAE's ADIB $225m facility offer http://www.zawya.com/story/Egypts_Maridive_approves_UAEs_ADIB_225m_facility_offer-ZAWYA20160125055701/ Egypt's Maridive and Oil Services approved a $225 million credit facility from Abu Dhabi Islamic Bank (ADIB). Mon, 25 Jan 2016 06:11:33 GMT Amwal Alghad ZAWYA20160125055701 Open Egypt's Juhayna boosts Q4 net profit by 85% http://www.zawya.com/story/Egypts_Juhayna_boosts_Q4_net_profit_by_85-TR20160124nC6N134027X3/ Egypt's Juhayna Food Industries said it posted net profit of 61 million Egyptian pounds in the fourth quarter of 2015. Mon, 25 Jan 2016 05:15:41 GMT Reuters TR20160124nC6N134027X3 Open Saudi Arabia grants $200m for Egyptian youth-led SME projects http://www.zawya.com/story/Saudi_Arabia_grants_200m_for_Egyptian_youthled_SME_projects-ZAWYA20160125042544/ Egypt has signed Sunday a US$200 million grant from Saudi Arabia to finance small and medium-sized enterprises (SMEs). Mon, 25 Jan 2016 04:58:45 GMT Gulf Times ZAWYA20160125042544 Open Egypt steps up security on uprising anniversary http://www.zawya.com/story/Egypt_steps_up_security_on_uprising_anniversary-GN_24012016_250117/ Egyptian authorities have beefed up security across the country on the fifth anniversary of popular uprising. Mon, 25 Jan 2016 04:30:24 GMT Gulf News GN_24012016_250117 Open Underwater internet cable severed off Egypt coast http://www.zawya.com/story/Underwater_internet_cable_severed_off_Egypt_coast-GN_24012016_250142/ An internet cable off the coast of Egypt has suffered multiple cuts, which could affect customers in the UAE. Mon, 25 Jan 2016 04:03:36 GMT Gulf News GN_24012016_250142 Open Egypt: New civil service law refused http://www.zawya.com/story/Egypt_New_civil_service_law_refused-ZAWYA20160124102809/ The parliamentary labour committee has refused to pass the new civil service law. Sun, 24 Jan 2016 10:42:59 GMT Al Ahram Weekly ZAWYA20160124102809 Open Egypt:Embezzled funds by ousted Mubarak still frozen http://www.zawya.com/story/EgyptEmbezzled_funds_by_ousted_Mubarak_still_frozen-ZAWYA20160124102625/ Hopes of retrieving funds embezzled by ousted president Mubarak and his family received a further blow this week. Sun, 24 Jan 2016 10:41:57 GMT Al Ahram Weekly ZAWYA20160124102625 Open Egypt: New tariffs for water http://www.zawya.com/story/Egypt_New_tariffs_for_water-ZAWYA20160124102849/ New tariffs for water are scheduled to go into effect this month. Sun, 24 Jan 2016 10:39:49 GMT Al Ahram Weekly ZAWYA20160124102849 Open Egypt plans to boost exports http://www.zawya.com/story/Egypt_plans_to_boost_exports-ZAWYA20160124102507/ The government has started to think outside the box in its bid to help boost exports. Sun, 24 Jan 2016 10:38:33 GMT Al Ahram Weekly ZAWYA20160124102507 Open Egypy: Higher ceiling for SME loans http://www.zawya.com/story/Egypy_Higher_ceiling_for_SME_loans-ZAWYA20160124102921/ The Central Bank of Egypt's instructions to banks to increase the ceilings of their loans to SMEs is positive for the economy. Sun, 24 Jan 2016 10:37:55 GMT Al Ahram Weekly ZAWYA20160124102921 Open BP Egypt LNG shipment was diverted to manage peak demand http://www.zawya.com/story/BP_Egypt__LNG_shipment_was_diverted_to_manage_peak_demand-TR20160124nL3N15807LX2/ BP Egypt said that one of its LNG shipments was held back as part of a deal over timing of deliveries, petroleum ministry dismissed reports that it was linked to payment problems. Sun, 24 Jan 2016 09:53:27 GMT Reuters TR20160124nL3N15807LX2 Subscription Saudi, Egypt surge more than 3% in early trade http://www.zawya.com/story/Saudi_Egypt_surge_more_than_3_in_early_trade-TR20160124nL8N15805AX2/ Saudi Arabia and Egypt's stock markets rebounded more than 3.0% in early trade. Sun, 24 Jan 2016 09:07:29 GMT Reuters TR20160124nL8N15805AX2 Subscription INTERVIEW-Egypt turns to domestic tourism http://www.zawya.com/story/INTERVIEWEgypt_turns_to_domestic_tourism-ZAWYA20160124080832/ Egypt’s tourism sector is losing USD 255 million a month as foreigners shy away. Sun, 24 Jan 2016 08:12:56 GMT Zawya ZAWYA20160124080832 Open