Zawya.com - Egypt Top Stories http://www.zawya.com/top-stories/rss/egypt/ en-us Copyright 2015 Zawya Ltd. All rights reserved. Mon, 26 Jan 2015 13:57:18 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 Emaar Properties targets Q2 for USD270m Egypt unit float- sources http://www.zawya.com/story/Emaar_Properties_targets_Q2_for_USD270m_Egypt_unit_float_sources-TR20150126nL6N0V52E5X5/ Dubai's Emaar Properties will submit plans to float its Egyptian unit to the country's regulator "within days" ahead of an initial share sale earmarked for the second quarter, two sources aware of the matter told Reuters. Mon, 26 Jan 2015 14:07:46 GMT Reuters TR20150126nL6N0V52E5X5 Subscription Jobless Arab youths to hit 50m by 2020 http://www.zawya.com/story/Jobless_Arab_youths_to_hit_50m_by_2020-ZAWYA20150126103410/ Regional governments would need USD 70 billion per year to create jobs. Mon, 26 Jan 2015 11:47:27 GMT Zawya ZAWYA20150126103410 Open Egypt's pound weakens to new low of 7.43 per dollar -central bank http://www.zawya.com/story/Egypts_pound_weakens_to_new_low_of_743_per_dollar_central_bank-TR20150126nL6N0V51AUX2/ Egypt's pound EGP= weakened to 7.43 per dollar from 7.39 at a central bank auction on Monday, the weakest level it has been allowed to reach since auctions began in December 2012. Mon, 26 Jan 2015 10:51:42 GMT Reuters TR20150126nL6N0V51AUX2 Subscription Egypt's pound weakens to new low of 7.43 per dollar -c. bank http://www.zawya.com/story/Egypts_pound_weakens_to_new_low_of_743_per_dollar_c_bank-TR20150126nL6N0V519MX3/ Egypt's pound EGP= weakened to 7.43 per dollar, from 7.39 at the last sale, at a central bank auction on Monday, the weakest level it has been allowed to reach since auctions began in December 2012. Mon, 26 Jan 2015 10:33:59 GMT Reuters TR20150126nL6N0V519MX3 Subscription Mubarak's sons released from Egypt prison - prison officials http://www.zawya.com/story/Mubaraks_sons_released_from_Egypt_prison___prison_officials-TR20150126nL6N0V511WX3/ Two sons of deposed Egyptian president Hosni Mubarak were released from prison early on Monday, prison officials said, a day after the anniversary of the 2011 uprising that toppled the autocrat. Mon, 26 Jan 2015 09:58:24 GMT Reuters TR20150126nL6N0V511WX3 Open Sky News Arabia partners with Egypt-based Al Ahram to broaden scope of programming http://www.zawya.com/story/Sky_News_Arabia_partners_with_Egyptbased_Al_Ahram_to_broaden_scope_of_programming-WAM20150126080021641/ A high-level delegation from the Egypt-based Al Ahram Establishment visited the headquarters of Sky News Arabia in Abu Dhabi to sign a strategic media partnership. Mon, 26 Jan 2015 09:29:24 GMT WAM (Emirates News Agency) WAM20150126080021641 Open Banque Misr plans first Islamic financing to support SMEs http://www.zawya.com/story/Banque_Misr_plans_first_Islamic_financing_to_support_SMEs-ZAWYA20150126055643/ Banque Misr is planning to carry out the first Islamic financing for the small and medium-sized enterprises, worth 100 million Egyptian pounds (US$13.5 million). Mon, 26 Jan 2015 07:57:36 GMT Amwal Alghad ZAWYA20150126055643 Open Egypt's NileIT starts studies on Sudan Bourse's tech needs http://www.zawya.com/story/Egypts_NileIT_starts_studies_on_Sudan_Bourses_tech_needs-ZAWYA20150126055414/ Egypt's Nile Information Technology and Dissemination (NileIT) is on the process of upgrading the technological structure of the Sudanese stock market. Mon, 26 Jan 2015 07:56:27 GMT Amwal Alghad ZAWYA20150126055414 Open Arab Contractors starts Rwanda's first integrated housing city project http://www.zawya.com/story/Arab_Contractors_starts_Rwandas_first_integrated_housing_city_project-ZAWYA20150126055435/ Egypt's leading construction firm, Arab Contractors (AC) will start within the first quarter of current year the implementation of the first integrated housing city in Rwanda. Mon, 26 Jan 2015 07:55:35 GMT Amwal Alghad ZAWYA20150126055435 Open New Giza plans EGP1bn Investments within 2015 http://www.zawya.com/story/New_Giza_plans_EGP1bn_Investments_within_2015-ZAWYA20150126055701/ New Giza for Development and Construction intends to pump EGP 1 billion investments (US$ 135 million) into its project in 6th October City within this year. Mon, 26 Jan 2015 07:53:20 GMT Amwal Alghad ZAWYA20150126055701 Open Egypt cancels Iraq's debts in exchange of oil shares http://www.zawya.com/story/Egypt_cancels_Iraqs_debts_in_exchange_of_oil_shares-ZAWYA20150126042824/ Reports revealed that the Egyptian and Iraqi governments have reached the proposal on the Iraqi debt to be canceled in exchange for shares of oil. Mon, 26 Jan 2015 05:17:18 GMT Shafaq News ZAWYA20150126042824 Open Egypt awards USD2.2b LNG tender to 4 foreign firms-state gas board http://www.zawya.com/story/Egypt_awards_USD22b_LNG_tender_to_4_foreign_firmsstate_gas_board-TR20150125nL6N0V40TRX2/ Egypt's state gas board has awarded a USD 2.2 billion tender to import 75 cargoes of liquefied natural gas to four international firms, its chairman said. Mon, 26 Jan 2015 04:48:31 GMT Reuters TR20150125nL6N0V40TRX2 Subscription At least 15 killed in protests on anniversary of Egypt uprising http://www.zawya.com/story/At_least_15_killed_in_protests_on_anniversary_of_Egypt_uprising-TR20150125nL6N0V40NZX2/ At least 15 people were killed at pro-democracy protests in Egypt on Sunday, the anniversary of the 2011 uprising that toppled autocrat Hosni Mubarak, security sources said. Mon, 26 Jan 2015 04:21:11 GMT Reuters TR20150125nL6N0V40NZX2 Open Protester killed in Egypt on anniversary of uprising http://www.zawya.com/story/Protester_killed_in_Egypt_on_anniversary_of_uprising-TR20150125nL6N0V408VX2/ A protestor was killed in the Egyptian city of Alexandria on Sunday, a security source said, on the anniversary of the 2011 uprising that toppled autocrat Hosni Mubarak. Sun, 25 Jan 2015 10:39:53 GMT Reuters TR20150125nL6N0V408VX2 Open Qatar-based cleric urges protests in Egypt on uprising's anniversary http://www.zawya.com/story/Qatarbased_cleric_urges_protests_in_Egypt_on_uprisings_anniversary-TR20150125nL6N0V402ZX2/ A Qatar-based Muslim cleric called for protests in Egypt on the anniversary of the country's Jan 25 uprising against Hosni Mubarak and said Mohamed Mursi is Egypt's "legitimate" leader, in a speech that may worsen relations between Qatar and Egypt. Sun, 25 Jan 2015 09:52:24 GMT Reuters TR20150125nL6N0V402ZX2 Open Bomb wounds two policemen on anniversary of Egypt uprising http://www.zawya.com/story/Bomb_wounds_two_policemen_on_anniversary_of_Egypt_uprising-TR20150125nL6N0V403CX3/ A bomb wounded two policemen in Cairo on Sunday, security sources said, as Egyptian authorities tightened security on the anniversary of the popular uprising that toppled autocrat Hosni Mubarak in 2011. Sun, 25 Jan 2015 08:08:48 GMT Reuters TR20150125nL6N0V403CX3 Open Egypt court orders retrial for 37 Brotherhood members http://www.zawya.com/story/Egypt_court_orders_retrial_for_37_Brotherhood_members-TR20150124nL6N0V308CX2/ An Egyptian court ordered a retrial for 37 Muslim Brotherhood members sentenced to death and 115 others sentenced to life in a mass trial last year, judicial sources said on Saturday. Sun, 25 Jan 2015 07:30:10 GMT Reuters TR20150124nL6N0V308CX2 Open MIDEAST STOCKS-UAE, Qatar edge up after ECB easing http://www.zawya.com/story/MIDEAST_STOCKSUAE_Qatar_edge_up_after_ECB_easing-TR20150125nL6N0V4034X2/ Stock markets in the United Arab Emirates and Qatar edged up in early trade on Sunday after a new ruler assumed power smoothly in Saudi Arabia and the European Central Bank launched a bond-buying programme which boosted equities globally. Sun, 25 Jan 2015 07:24:04 GMT Reuters TR20150125nL6N0V4034X2 Subscription Egypt tightens security on anniversary of 2011 uprising http://www.zawya.com/story/Egypt_tightens_security_on_anniversary_of_2011_uprising-TR20150125nL6N0V402TX2/ Egypt tightened security on Sunday on the anniversary of the popular uprising that toppled autocrat Hosni Mubarak in 2011. Sun, 25 Jan 2015 07:20:40 GMT Reuters TR20150125nL6N0V402TX2 Open Banque Misr ups Islamic Funding to EGP2 billion at 2014-end http://www.zawya.com/story/Banque_Misr_ups_Islamic_Funding_to_EGP2_billion_at_2014end-ZAWYA20150125044841/ Banque Misr has registered total Shariah-compliant funding of two billion Egyptian pounds (US$135 million) by end of 2014. Sun, 25 Jan 2015 06:59:56 GMT Amwal Alghad ZAWYA20150125044841 Open GASC: Egypt buys 3.3 million Tonnes of wheat in 7 months http://www.zawya.com/story/GASC_Egypt_buys_33_million_Tonnes_of_wheat_in_7_months-ZAWYA20150125050127/ Egypt, the world's top wheat importer, has bought around 3.3 million tonnes of wheat during the since July 1, the start of the fiscal year, vice chairman of state buyer GASC said. Sun, 25 Jan 2015 06:53:08 GMT Amwal Alghad ZAWYA20150125050127 Open Egypt Mortgage Finance to disburse USD100m of World Bank next March http://www.zawya.com/story/Egypt_Mortgage_Finance_to_disburse_USD100m_of_World_Bank_next_March-ZAWYA20150125050435/ The Egyptian Mortgage Financial Fund (MFF) is about to disburse the World Bank-funded third tranche worth US$100 million next March, chairman May Abdel Hamid said on Thursday. Sun, 25 Jan 2015 06:49:30 GMT Amwal Alghad ZAWYA20150125050435 Open MIDEAST STOCKS-Smooth Saudi succession, ECB easing may support Gulf http://www.zawya.com/story/MIDEAST_STOCKSSmooth_Saudi_succession_ECB_easing_may_support_Gulf-TR20150125nL6N0V4029X2/ Stock markets in the United Arab Emirates and Qatar may rise on Sunday after a smooth transition of power in Saudi Arabia and the launch of the European Central Bank's bond-buying programme. Sun, 25 Jan 2015 05:51:09 GMT Reuters TR20150125nL6N0V4029X2 Subscription Egypt museum admits King Tut's beard broke off and was glued back http://www.zawya.com/story/Egypt_museum_admits_King_Tuts_beard_broke_off_and_was_glued_back-TR20150124nL6N0V30GYX2/ The Egyptian Museum in Cairo acknowledged on Saturday that one of its greatest treasures, the mask of King Tutankhamun, had been crudely glued back together after being damaged, but insisted the item could be restored to its former glory. Sun, 25 Jan 2015 04:39:00 GMT Reuters TR20150124nL6N0V30GYX2 Open Protester killed in Egypt on eve of anniversary of 2011 uprising http://www.zawya.com/story/Protester_killed_in_Egypt_on_eve_of_anniversary_of_2011_uprising-TR20150124nL6N0V30JKX1/ A woman protester was shot dead in central Cairo on Saturday, security sources said, one day before the anniversary of the popular uprising that ousted autocrat Hosni Mubarak in 2011. Sun, 25 Jan 2015 04:38:10 GMT Reuters TR20150124nL6N0V30JKX1 Open EFS picks up a major FM contract in Egypt http://www.zawya.com/story/EFS_picks_up_a_major_FM_contract_in_Egypt-GN_23012015_240123/ The Dubai based EFS Group has won the contract to exclusively handle all facilities services at the developments of Egypt’s Palm Hills Development, which has 18 projects in Egypt apart from owning land for development in Saudi Arabia. The terms of the contract become effective from this quarter. Sat, 24 Jan 2015 07:19:39 GMT Gulf News GN_23012015_240123 Open Egyptian student killed in clashes as anniversary of uprising nears http://www.zawya.com/story/Egyptian_student_killed_in_clashes_as_anniversary_of_uprising_nears-TR20150123nL6N0V237MX2/ An Egyptian student was killed on Friday during clashes between Muslim Brotherhood protesters and residents in the coastal city of Alexandria, as demonstrations gathered pace two days before the anniversary of the 2011 uprising. Sat, 24 Jan 2015 04:56:49 GMT Reuters TR20150123nL6N0V237MX2 Open Eni makes new oil and gas discovery in Egypt http://www.zawya.com/story/Eni_makes_new_oil_and_gas_discovery_in_Egypt-TR20150122nI6N0TW026X3/ Eni has made a new discovery of oil and gas in Egypt's Western Desert, the Italian group said. Fri, 23 Jan 2015 06:39:46 GMT Reuters TR20150122nI6N0TW026X3 Subscription Egyptian banks to fund major power deal-report http://www.zawya.com/story/Egyptian_banks_to_fund_major_power_dealreport-TR20150122nL4N0V14ZUX2/ Six Egyptian banks have reached a deal to fund an electricity generation project worth 3 billion Egyptian pounds (USD 405 million). Fri, 23 Jan 2015 06:18:25 GMT Reuters TR20150122nL4N0V14ZUX2 Subscription Egyptian court orders release of Mubarak's sons http://www.zawya.com/story/Egyptian_court_orders_release_of_Mubaraks_sons-TR20150122nL6N0V121KX5/ An Egyptian court ordered the release of the sons of ousted president Hosni Mubarak on Thursday pending a retrial, their lawyer said, as rare protests erupted days before the anniversary of the 2011 uprising that toppled the autocrat. Lawyer Farid el-Deeb said the order for the release of Alaa and Gamal Mubarak should mean they immediately walk free. Fri, 23 Jan 2015 05:48:20 GMT Reuters TR20150122nL6N0V121KX5 Open Egypt's pound hits new low of EGP7.39 per dollar - c.bank http://www.zawya.com/story/Egypts_pound_hits_new_low_of_EGP739_per_dollar__cbank-TR20150122nL6N0V11LQX2/ Egypt's pound weakened to EGP 7.39 per dollar, from 7.34 the previous day, at a central bank auction on Thursday, the weakest level it had been allowed to reach since auctions began in December 2012. Thu, 22 Jan 2015 11:45:02 GMT Reuters TR20150122nL6N0V11LQX2 Subscription Egypt, Indonesia, Pakistan top countries in Saudi Umrah visas http://www.zawya.com/story/Egypt_Indonesia_Pakistan_top_countries_in_Saudi_Umrah_visas-ZAWYA20150121085703/ Egypt, Indonesia and Pakistan were ranked as the top countries that received the largest number of Umrah visas during Rabi-ul-Awal H1436, showing a total of 1.63 million visas issued. Thu, 22 Jan 2015 10:59:53 GMT Press Release ZAWYA20150121085703 Open Egypt's pound hits new low of 7.39 per dollar - central bank http://www.zawya.com/story/Egypts_pound_hits_new_low_of_739_per_dollar__central_bank-TR20150122nL6N0V11KQX2/ Egypt's pound EGP= weakened to 7.39 per dollar from 7.34 the previous day at a central bank auction on Thursday. Thu, 22 Jan 2015 10:25:41 GMT Reuters TR20150122nL6N0V11KQX2 Subscription Egypt's Suez Canal revenue at USD445.5m in December http://www.zawya.com/story/Egypts_Suez_Canal_revenue_at_USD4455m_in_December-TR20150122nL6N0V110UX3/ Revenues from the Suez Canal rose to $445.5 million in December from $442.8 million in November, Egypt's state information website said on Thursday. Thu, 22 Jan 2015 10:01:16 GMT Reuters TR20150122nL6N0V110UX3 Subscription Jailed Egyptian activist Alaa Abdel Fattah moved to prison hospital-relative http://www.zawya.com/story/Jailed_Egyptian_activist_Alaa_Abdel_Fattah_moved_to_prison_hospitalrelative-TR20150121nL6N0V02PUX2/ Leading Egyptian activist Alaa Abdel Fattah, jailed for violating a strict protest law, was moved to a prison hospital this week after more than two months on hunger strike, a relative told Reuters on Wednesday. Thu, 22 Jan 2015 06:50:31 GMT Reuters TR20150121nL6N0V02PUX2 Open Oil export losses to reach USD300bn in Middle East http://www.zawya.com/story/Oil_export_losses_to_reach_USD300bn_in_Middle_East-TR20150121nL1N0UZ2CKX2/ Losses from lower oil exports should sap up to $300 billion from economies in the Middle East and Central Asia this year, as countries in the region adjust to falling crude prices. Thu, 22 Jan 2015 06:47:56 GMT Reuters TR20150121nL1N0UZ2CKX2 Subscription OTMT wins three renewable power stations in Upper Egypt http://www.zawya.com/story/OTMT_wins_three_renewable_power_stations_in_Upper_Egypt-ZAWYA20150122051343/ Egypt's Orascom Telecom Media and Technology Holding (OTMT) has been awarded three contracts to build three renewable energy power stations with investments worth over EGP 1 billion (USD 137 million), deputy CEO Tamer Al-Mahdi announced. Thu, 22 Jan 2015 06:10:13 GMT Amwal Alghad ZAWYA20150122051343 Open Egyptian indices gain EGP1bn on local, Arab buyers http://www.zawya.com/story/Egyptian_indices_gain_EGP1bn_on_local_Arab_buyers-ZAWYA20150122051436/ Egypt's stock market shares gained 1.046 billion Egyptian pounds (USD 143.3 million) on Wednesday amid local and Arab investors' buying appetite. Thu, 22 Jan 2015 06:09:17 GMT Amwal Alghad ZAWYA20150122051436 Open Egypt sees EGP4bn leather investments in 2015 - official http://www.zawya.com/story/Egypt_sees_EGP4bn_leather_investments_in_2015__official-ZAWYA20150122051606/ Egyptian leather sector expects to attract new investments estimated at EGP 4 billion (USD 547.8 million) within 2015, said Yehia Zalat- head of the Leather Industry Chamber at the Federation of Egyptian Industries. Thu, 22 Jan 2015 06:08:29 GMT Amwal Alghad ZAWYA20150122051606 Open SFD: Banque Du Caire plans new contract to support microenterprises in Egypt http://www.zawya.com/story/SFD_Banque_Du_Caire_plans_new_contract_to_support_microenterprises_in_Egypt-ZAWYA20150122051636/ Social Fund for Development and Banque Du Caire are due to sign this year a new contract to support micro businesses in Egypt, SFD official said on Wednesday. Thu, 22 Jan 2015 05:46:02 GMT Amwal Alghad ZAWYA20150122051636 Open New Giza Project records EGP2bn Sales in Phase One http://www.zawya.com/story/New_Giza_Project_records_EGP2bn_Sales_in_Phase_One-ZAWYA20150122051608/ New Giza, D.I.C. for Development and Construction achieved EGP 2 billion sales (USD 274 million) in the first phase of its 6th October city housing project at end of 2014, an official told Amwal Al Ghad. Thu, 22 Jan 2015 05:43:50 GMT Amwal Alghad ZAWYA20150122051608 Open SEBA to announce new Saudi-Lebanese industrial complex in Egypt at Jan-end http://www.zawya.com/story/SEBA_to_announce_new_SaudiLebanese_industrial_complex_in_Egypt_at_Janend-ZAWYA20150122051717/ The Saudi Egyptian Businessmen Association (SEBA) will announce a new project to build an industrial complex with investment cost EGP 500 million (USD 68.4 million), Secretary General said. Thu, 22 Jan 2015 05:42:28 GMT Amwal Alghad ZAWYA20150122051717 Open MIDEAST STOCKS-Egypt may extend gains; more earnings misses in Gulf http://www.zawya.com/story/MIDEAST_STOCKSEgypt_may_extend_gains_more_earnings_misses_in_Gulf-TR20150122nL6N0V107HX2/ Egypt's bourse may rise further on Thursday after closing above a major technical resistance level, while Gulf stock markets could extend their losses as the news flow from companies has remained mostly negative. Thu, 22 Jan 2015 05:29:24 GMT Reuters TR20150122nL6N0V107HX2 Open Egypt's pound hits new low of 7.34 per dollar -central bank http://www.zawya.com/story/Egypts_pound_hits_new_low_of_734_per_dollar_central_bank-TR20150121nL6N0V01V1X3/ Egypt's pound EGP= weakened to 7.34 per dollar from 7.29 the previous day at a central bank auction on Wednesday, the weakest level it has been allowed to reach since auctions began in December 2012. Thu, 22 Jan 2015 04:38:29 GMT Reuters TR20150121nL6N0V01V1X3 Subscription Egyptians stage rare protest in central Cairo http://www.zawya.com/story/Egyptians_stage_rare_protest_in_central_Cairo-TR20150121nL6N0V04QHX2/ About 50 Egyptians staged a rare anti-government protest in downtown Cairo on Wednesday night, security sources and witnesses said. Thu, 22 Jan 2015 04:23:50 GMT Reuters TR20150121nL6N0V04QHX2 Open 3 Gulf firms to execute One million Feddans Reclamation Project - Phase I http://www.zawya.com/story/3_Gulf_firms_to_execute_One_million_Feddans_Reclamation_Project__Phase_I-ZAWYA20150121053135/ Three Gulf contracting firms operating in the Egyptian market have won a tender to carry out the first phase of the One Million Feddans Reclamation Project in the country. Wed, 21 Jan 2015 10:09:20 GMT Amwal Alghad ZAWYA20150121053135 Open Human Rights Watch says Egypt not serious about improving prison conditions http://www.zawya.com/story/Human_Rights_Watch_says_Egypt_not_serious_about_improving_prison_conditions-TR20150121nL6N0V00Y9X2/ Human Rights Watch accused Egyptian authorities on Wednesday of failing to take serious steps to improve conditions in overcrowded prisons which are causing deaths. Wed, 21 Jan 2015 08:44:28 GMT Reuters TR20150121nL6N0V00Y9X2 Open MIDEAST STOCKS-Disappointing earnings may dampen Gulf; Egypt to test chart barrier http://www.zawya.com/story/MIDEAST_STOCKSDisappointing_earnings_may_dampen_Gulf_Egypt_to_test_chart_barrier-TR20150121nL6N0V008CX2/ Gulf equity markets may come under more pressure on Wednesday after a string of earnings reports that missed analysts' forecasts. Wed, 21 Jan 2015 05:35:07 GMT Reuters TR20150121nL6N0V008CX2 Open UAE, Egypt to account for highest demand for renewables http://www.zawya.com/story/UAE_Egypt_to_account_for_highest_demand_for_renewables-GN_20012015_210153/ The UAE and Egypt are expected to account for the highest demand for renewable energy in the region this year, according to Luc Grare, senior vice president of sales and marketing at REC Group. Wed, 21 Jan 2015 05:30:17 GMT Gulf News GN_20012015_210153 Open Nestle plans to invest USD138m in Egypt in next few years http://www.zawya.com/story/Nestle_plans_to_invest_USD138m_in_Egypt_in_next_few_years-ZAWYA20150120100851/ Swiss food giant Nestle plans to invest about 1 billion Egyptian pounds ($137.93 million) in Egypt in the next few years and believes economic reforms could deliver results, its regional CEO said on Monday. Tue, 20 Jan 2015 10:24:22 GMT Reuters ZAWYA20150120100851 Open Egyptian Takaful wins tender to insure Egypt bourse's HQ http://www.zawya.com/story/Egyptian_Takaful_wins_tender_to_insure_Egypt_bourses_HQ-ZAWYA20150120042831/ The Egyptian Takaful Insurance - Properties has won a tender to insure the two headquarters of the country's stock Exchange (EGX). Tue, 20 Jan 2015 07:42:53 GMT Amwal Alghad ZAWYA20150120042831 Open Egypt, India ink agreement to produce oils http://www.zawya.com/story/Egypt_India_ink_agreement_to_produce_oils-ZAWYA20150120043547/ Egyptian Petroleum Research Institute (EPRI) inked today a cooperation agreement with the Indian Institute of Science (IISc), to establish a joint project to produce oils from Indian botanical materials. Tue, 20 Jan 2015 07:42:05 GMT Amwal Alghad ZAWYA20150120043547 Open EBRD, IDB unit to launch SME fund for Egypt, Morocco, Jordan, Tunisia http://www.zawya.com/story/EBRD_IDB_unit_to_launch_SME_fund_for_Egypt_Morocco_Jordan_Tunisia-ZAWYA20150120043519/ The European Bank for Reconstruction and Development (EBRD) and the private sector arm of the Islamic Development Bank will launch this year a new fund to support small and medium-sized businesses in Egypt, Morocco, Jordan, and Tunisia. Tue, 20 Jan 2015 07:39:58 GMT Amwal Alghad ZAWYA20150120043519 Open Ezz Steel inks EGP1.7bn financing deal http://www.zawya.com/story/Ezz_Steel_inks_EGP17bn_financing_deal-ZAWYA20150120043525/ Ezz Steel, the biggest steel producer in Egypt and MENA, said it signed an EGP 1.7 billion (USD 237 million) long-term financing agreement with the National Bank of Egypt (NBE) and Arab African International Bank (AAIB). Tue, 20 Jan 2015 07:37:52 GMT Amwal Alghad ZAWYA20150120043525 Open Industrial Training Council and SFD Egypt ink new protocol http://www.zawya.com/story/Industrial_Training_Council_and_SFD_Egypt_ink_new_protocol-ZAWYA20150120043611/ The Egyptian Industrial Training Council (ITC) intends to sign a protocol on cooperation with Social Fund for Development (SFD) to provide the necessary fund for number of SFD's funding services by end of this week. Tue, 20 Jan 2015 07:35:57 GMT Amwal Alghad ZAWYA20150120043611 Open Woman, child die of bird flu in Egypt, five deaths so far this year http://www.zawya.com/story/Woman_child_die_of_bird_flu_in_Egypt_five_deaths_so_far_this_year-TR20150119nL6N0UY3GZX2/ An Egyptian woman and child died of H5N1 bird flu, the health ministry said on Monday, the fourth and fifth persons to die of the illness in the country this year. Tue, 20 Jan 2015 05:49:47 GMT Reuters TR20150119nL6N0UY3GZX2 Open Egypt allows pound to fall again as inflation concern eases http://www.zawya.com/story/Egypt_allows_pound_to_fall_again_as_inflation_concern_eases-TR20150119nL6N0UY1KLX4/ Egypt's central bank let the pound EGP= weaken on Monday for the second day running, a move analysts said was aimed at stamping out a thriving black market as inflation concerns ease. Tue, 20 Jan 2015 04:31:51 GMT Reuters TR20150119nL6N0UY1KLX4 Subscription Egypt to build 4,300 MW solar, wind plants in 3 years -Sisi http://www.zawya.com/story/Egypt_to_build_4300_MW_solar_wind_plants_in_3_years_Sisi-TR20150119nL6N0UY2T7X2/ Egypt aims to build solar and wind power plants in the next three years with combined capacity of 4,300 megawatts, Egyptian president Abdel Fattah al-Sisi told an energy conference in Abu Dhabi on Monday. Tue, 20 Jan 2015 04:26:48 GMT Reuters TR20150119nL6N0UY2T7X2 Subscription Iran sees no OPEC shift toward a cut, says oil industry could withstand USD25 crude http://www.zawya.com/story/Iran_sees_no_OPEC_shift_toward_a_cut_says_oil_industry_could_withstand_USD25_crude-TR20150119nL6N0UY2JQX3/ Iran sees no sign of a shift within OPEC towards action to support oil prices, its oil minister said, adding its oil industry could ride out a further price slump to $25 a barrel. Tue, 20 Jan 2015 04:25:23 GMT Reuters TR20150119nL6N0UY2JQX3 Subscription Egypt does not see oil price drop hitting investments from Gulf http://www.zawya.com/story/Egypt_does_not_see_oil_price_drop_hitting_investments_from_Gulf-TR20150119nL6N0UY200X2/ Egypt does not expect Gulf Arab countries to reduce their investment in the country despite the fall in oil prices, as Cairo is of particular strategic importance for the region. Tue, 20 Jan 2015 04:15:59 GMT Reuters TR20150119nL6N0UY200X2 Subscription Qatar's emir to attend Egypt economic summit- sources http://www.zawya.com/story/Qatars_emir_to_attend_Egypt_economic_summit_sources-TR20150119nL6N0UY1K8X2/ Qatar's emir will attend an economic summit due to take place in Egypt in mid-March, sources from both countries said on Monday, in a sign of easing political tension between the Arab states. Mon, 19 Jan 2015 14:14:57 GMT Reuters TR20150119nL6N0UY1K8X2 Subscription Egypt's pound hits weakest level second day running - central bank http://www.zawya.com/story/Egypts_pound_hits_weakest_level_second_day_running__central_bank-TR20150119nL6N0UY1KLX2/ Egypt's central bank let the pound EGP= weaken on Monday for the second day running, allowing it to reach 7.24 pounds per dollar, its weakest level since auctions began in December 2012. Mon, 19 Jan 2015 11:13:17 GMT Reuters TR20150119nL6N0UY1KLX2 Subscription Union of Arab Banks holds SME Forum next February in 200 Bankers' Presence http://www.zawya.com/story/Union_of_Arab_Banks_holds_SME_Forum_next_February_in_200_Bankers_Presence-ZAWYA20150119063052/ More than 200 key Arab bankers are discussing new ways to support and develop SMEs in a forum to be held by Union of Arab Banks in Khartoum, the capital of Sudan next February. Mon, 19 Jan 2015 11:07:16 GMT Amwal Alghad ZAWYA20150119063052 Open Egypt's pound hits weakest level second day running - central bank http://www.zawya.com/story/Egypts_pound_hits_weakest_level_second_day_running__central_bank-TR20150119nL6N0UY1IWX3/ Egypt's pound EGP= weakened to 7.24 per dollar from 7.19 at a central bank auction on Monday, the weakest level it has been allowed to reach since auctions began in December 2012. Mon, 19 Jan 2015 10:17:23 GMT Reuters TR20150119nL6N0UY1IWX3 Subscription Egypt's energy subsidy costs down 30% in first half 2014-15-source http://www.zawya.com/story/Egypts_energy_subsidy_costs_down_30_in_first_half_201415source-TR20150119nL6N0UY170X2/ Plummeting global oil prices mean Egypt spent 30 percent less on energy subsidies in the first half of 2014-15 than it did in the same period of the previous fiscal year, an oil ministry source said on Monday. Mon, 19 Jan 2015 09:34:17 GMT Reuters TR20150119nL6N0UY170X2 Subscription Sisi welcomes UAE investment in Egypt http://www.zawya.com/story/Sisi_welcomes_UAE_investment_in_Egypt-WAM20150118154204311/ President Abdel Fattah al-Sisi said Egypt would have a unified investment law before hosting the Economic Conference in March. Mon, 19 Jan 2015 07:30:23 GMT WAM (Emirates News Agency) WAM20150118154204311 Open Egypt-Saudi Businessmen Association unveils major medical investment on Jan 31 http://www.zawya.com/story/EgyptSaudi_Businessmen_Association_unveils_major_medical_investment_on_Jan_31-ZAWYA20150119063037/ In its second annual conference on January 31, the Egyptian-Saudi Businessmen Association (SEBA) will announce a major medical project with investments up to EGP 600 million (USD 84 million). Mon, 19 Jan 2015 07:19:11 GMT Amwal Alghad ZAWYA20150119063037 Open Egypt's Ahly Sporting Club plans IPO arranged by CI Capital - Source http://www.zawya.com/story/Egypts_Ahly_Sporting_Club_plans_IPO_arranged_by_CI_Capital__Source-ZAWYA20150119062751/ Egypt's investment bank CI Capital will arrange next March an IPO for one of the most popular teams in the country Al Ahly Club, sources with knowledge of the matter told Amwal Al Ghad. Mon, 19 Jan 2015 07:16:47 GMT Amwal Alghad ZAWYA20150119062751 Open Iraq agrees to supply Egypt with 4 million barrels of oil per month http://www.zawya.com/story/Iraq_agrees_to_supply_Egypt_with_4_million_barrels_of_oil_per_month-ZAWYA20150119051112/ An official in the Egyptian Ministry of Petroleum said on Sunday that Iraq and Egypt agreed to a request to supply 4 million barrels of crude oil per month with facilities currently under negotiation between the two countries. Mon, 19 Jan 2015 07:10:26 GMT Shafaq News ZAWYA20150119051112 Open Egypt's Mursi accuses army of role in deaths during 2011 protest http://www.zawya.com/story/Egypts_Mursi_accuses_army_of_role_in_deaths_during_2011_protest-TR20150118nL6N0UX0IJX2/ Egypt's ousted Islamist president Mohamed Mursi accused the country's army in one of his trials on Sunday of killing protestors during the 2011 uprising that toppled autocrat Hosni Mubarak. Mon, 19 Jan 2015 06:04:25 GMT Reuters TR20150118nL6N0UX0IJX2 Open MIDEAST STOCKS-Gulf may consolidate on neutral results, weaker oil http://www.zawya.com/story/MIDEAST_STOCKSGulf_may_consolidate_on_neutral_results_weaker_oil-TR20150119nL6N0UY06RX2/ Slightly weaker oil and neutral-to-negative fourth-quarter earnings posted by local companies may slow the advance of Gulf stock markets on Monday. Mon, 19 Jan 2015 05:47:00 GMT Reuters TR20150119nL6N0UY06RX2 Subscription Egyptian liberals demand Mubarak face court over attack by supporters on camels http://www.zawya.com/story/Egyptian_liberals_demand_Mubarak_face_court_over_attack_by_supporters_on_camels-TR20150118nL6N0UX0A2X2/ Liberal Egyptian parties filed new judicial complaints against ousted former ruler Hosni Mubarak on Sunday, including over a deadly camel charge against protestors led by his supporters. Mon, 19 Jan 2015 05:16:54 GMT Reuters TR20150118nL6N0UX0A2X2 Open Egyptian pound hits historic low as country courts investors http://www.zawya.com/story/Egyptian_pound_hits_historic_low_as_country_courts_investors-TR20150118nL6N0UX0DAX3/ The central bank let the Egyptian pound EGP= depreciate for the first time in six months on Sunday, in what analysts view as a move to encourage investment by letting the pound reach a price that the market sees as fair. Mon, 19 Jan 2015 04:48:31 GMT Reuters TR20150118nL6N0UX0DAX3 Subscription UAE firm bids for Egypt's renewable plants http://www.zawya.com/story/UAE_firm_bids_for_Egypts_renewable_plants-TR20150118nL6N0UX0T5X3/ A Dubai-based private firm is leading a consortium in bidding to develop solar and wind power plants for Egypt as part of the country's plans to diversify its power generation mix amid its worst energy crisis in decades. Mon, 19 Jan 2015 04:31:35 GMT Reuters TR20150118nL6N0UX0T5X3 Subscription Dubai's Mashreq interested in Citigroup's Egypt retail business -CEO http://www.zawya.com/story/Dubais_Mashreq_interested_in_Citigroups_Egypt_retail_business_CEO-TR20150118nL6N0UX08VX6/ Mashreq, Dubai's third-biggest lender by assets, is interested in acquiring Citigroup's C.N Egyptian retail business, Mashreq's chief executive said on Sunday. Sun, 18 Jan 2015 11:06:50 GMT Reuters TR20150118nL6N0UX08VX6 Subscription MIDEAST STOCKS-Stronger oil may boost Gulf; rate cut could lift Egypt http://www.zawya.com/story/MIDEAST_STOCKSStronger_oil_may_boost_Gulf_rate_cut_could_lift_Egypt-TR20150118nL6N0UX022X2/ Oil price gains may boost the sentiment of Gulf equity investors on Sunday, although an earnings miss by Saudi Basic Industries could hurt petrochemical stocks. Sun, 18 Jan 2015 05:53:50 GMT Reuters TR20150118nL6N0UX022X2 Subscription Woman dies of bird flu in Egypt, third death this year http://www.zawya.com/story/Woman_dies_of_bird_flu_in_Egypt_third_death_this_year-TR20150116nL6N0UV42ZX2/ An Egyptian woman has died of H5N1 bird flu in southern Egypt, the third person in the country to die of the illness this year, a health ministry official said. Sun, 18 Jan 2015 04:50:22 GMT Reuters TR20150116nL6N0UV42ZX2 Open Egypt has enough wheat until mid-May - minister http://www.zawya.com/story/Egypt_has_enough_wheat_until_midMay__minister-TR20150117nL6N0UW061X2/ Egypt's stock of wheat for its subsidised bread programme will last until the middle of May, Supplies Minister Khaled Hanafi said in a statement on Saturday. Sat, 17 Jan 2015 12:50:08 GMT Reuters TR20150117nL6N0UW061X2 Subscription Alstom wins EUR100m Egypt rail contract http://www.zawya.com/story/Alstom_wins_EUR100m_Egypt_rail_contract-TR20150116nFWN0UU05GX3/ Alstom says has been awarded a contract worth 100 million euros by Egyptian National Railways to supply signalling equipment for the Beni Suef-Asyut line in Egypt. Sat, 17 Jan 2015 05:25:52 GMT Reuters TR20150116nFWN0UU05GX3 Open Egypt central bank cuts benchmark rates as inflation outlook eases http://www.zawya.com/story/Egypt_central_bank_cuts_benchmark_rates_as_inflation_outlook_eases-TR20150115nL6N0UU4XJX3/ Egypt's central bank made a surprise 50 basis-point cut in its main interest rates on Thursday, saying plummeting global oil prices had eased inflation risks while economic growth was rebounding. Fri, 16 Jan 2015 04:47:26 GMT Reuters TR20150115nL6N0UU4XJX3 Subscription Lactalis subsidiary tops rival bid for Egypt's Arab Dairy http://www.zawya.com/story/Lactalis_subsidiary_tops_rival_bid_for_Egypts_Arab_Dairy-TR20150115nL6N0UU1E2X2/ A subsidiary of Europe's biggest dairy group Lactalis has raised its offer for Egypt's Arab Dairy to 60.5 Egyptian pounds ($8.43) per share, topping a rival bid from Pioneers Holding as a takeover battle heats up. Thu, 15 Jan 2015 10:24:42 GMT Reuters TR20150115nL6N0UU1E2X2 Subscription Canadian minister hopes for journalist release after Egypt meeting http://www.zawya.com/story/Canadian_minister_hopes_for_journalist_release_after_Egypt_meeting-TR20150115nL3N0UU3JLX2/ Canadian Foreign Minister John Baird said after talks in Cairo on Thursday he hoped that a Canadian journalist working for Qatar-based Al Jazeera television could be released from prison in Egypt. Thu, 15 Jan 2015 09:58:15 GMT Reuters TR20150115nL3N0UU3JLX2 Open EBRD: Investments in Egypt rose to EUR593m in 2014 http://www.zawya.com/story/EBRD_Investments_in_Egypt_rose_to_EUR593m_in_2014-ZAWYA20150115044151/ The European Bank for Reconstruction and Development (EBRD)'s investments in Egypt rose to EUR593 million in 2014 compared to EUR151 million in 2013. Thu, 15 Jan 2015 06:38:27 GMT Amwal Alghad ZAWYA20150115044151 Open Mobinil will not take International Gateway but preserves rights to do so: CEO http://www.zawya.com/story/Mobinil_will_not_take_International_Gateway_but_preserves_rights_to_do_so_CEO-ZAWYA20150115044308/ Egyptian mobile operator Mobinil announced it has extended an agreement with Telecom Egypt for the international gateway by 4 years, said Yves Gauthier, Mobinil CEO. Thu, 15 Jan 2015 06:35:29 GMT Amwal Alghad ZAWYA20150115044308 Open Beltone Financial hits EGP30bn AUM, eyes new funds http://www.zawya.com/story/Beltone_Financial_hits_EGP30bn_AUM_eyes_new_funds-ZAWYA20150115044243/ Egypt's financial institution Beltone Financial Holding has realized total assets under management worth 30 billion Egyptian pounds (USD 4.2 billion) by end of 2014, managing director Maged Shawky said. Thu, 15 Jan 2015 06:32:58 GMT Amwal Alghad ZAWYA20150115044243 Open MIDEAST STOCKS-Oil may support markets but poor bank results could dampen Saudi http://www.zawya.com/story/MIDEAST_STOCKSOil_may_support_markets_but_poor_bank_results_could_dampen_Saudi-TR20150115nL6N0UU092X2/ Oil's rebound may encourage more buying in Gulf stock markets on Thursday, but Saudi Arabia's banking stocks could pull back after a string of fourth-quarter earnings reports that missed analysts' forecasts. Thu, 15 Jan 2015 05:50:13 GMT Reuters TR20150115nL6N0UU092X2 Subscription Al Sissi on landmark trip to UAE http://www.zawya.com/story/Al_Sissi_on_landmark_trip_to_UAE-GN_14012015_150102/ Egyptian President Abdul Fattah Al Sissi will visit the UAE next week, a trip reflecting Cairo’s “appreciation and gratitude” to the Gulf country’s support, his office said. Thu, 15 Jan 2015 05:40:06 GMT Gulf News GN_14012015_150102 Open Egypt: Woman dies of H5N1 bird flu, 2nd death this year http://www.zawya.com/story/Egypt_Woman_dies_of_H5N1_bird_flu__2nd_death_this_year-TR20150114nL6N0UT24ZX2/ A 65-year-old Egyptian woman has died from the H5N1 strain of bird flu, the health ministry said on Wednesday, the second victim of the virus this month. Wed, 14 Jan 2015 12:35:59 GMT Reuters TR20150114nL6N0UT24ZX2 Open Dana Gas CEO says oil price collapse could delay Egypt payments http://www.zawya.com/story/Dana_Gas_CEO_says_oil_price_collapse_could_delay_Egypt_payments-TR20150114nL3N0UT30CX2/ The collapse in oil prices could delay the efforts of United Arab Emirates-based Dana Gas to recover overdue receivables from Egypt, its chief executive said. Wed, 14 Jan 2015 11:38:30 GMT Reuters TR20150114nL3N0UT30CX2 Subscription Egypt considers gas imports from Israel - minister http://www.zawya.com/story/Egypt_considers_gas_imports_from_Israel__minister-TR20150114nL6N0UT1AHX2/ Egypt is open to importing gas from Israel, its oil minister said in state-owned media on Wednesday, another sign that it may lean on its neighbour to help tackle its energy troubles. Wed, 14 Jan 2015 10:59:12 GMT Reuters TR20150114nL6N0UT1AHX2 Open Jordan exported 380 gigawatt hours of electricity to Egypt in 2014 http://www.zawya.com/story/Jordan_exported_380_gigawatt_hours_of_electricity_to_Egypt_in_2014-ZAWYA20150114075724/ Jordan exported some 380 gigawatt hours of electricity to Egypt in 2014 as the Kingdom is signatory to an agreement to provide the North African country with surplus when needed, according to the National Electric Power Company (NEPCO). Wed, 14 Jan 2015 08:30:25 GMT Jordan Times ZAWYA20150114075724 Open Cairo Festival City's Phase II to cost EGP3bn, licences after two weeks http://www.zawya.com/story/Cairo_Festival_Citys_Phase_II_to_cost_EGP3bn_licences_after_two_weeks-ZAWYA20150114053919/ UAE leading developer Al-Futtaim Group will receive a government licence to start the second phase of Cairo Festival City project in two weeks, said managing director Mohamed Al Mikawi. Wed, 14 Jan 2015 07:16:35 GMT Amwal Alghad ZAWYA20150114053919 Open Misr Insurance wins initiative approval for resident office in Dubai http://www.zawya.com/story/Misr_Insurance_wins_initiative_approval_for_resident_office_in_Dubai-ZAWYA20150114054250/ The leading insurer in MENA region, Misr Insurance Company (MIC) has received an initial approval from UAE competent authorities to launch its resident office in Dubai, managing director Adel Moussa said. Wed, 14 Jan 2015 07:15:32 GMT Amwal Alghad ZAWYA20150114054250 Open Telecom Egypt inks EGP15bn commercial pacts with Mobinil, Vodafone http://www.zawya.com/story/Telecom_Egypt_inks_EGP15bn_commercial_pacts_with_Mobinil_Vodafone-ZAWYA20150114054320/ Egypt's fixed line monopoly Telecom Egypt announced it signed a commercial agreement with mobile operators Mobinil and Vodafone to provide infrastructure and international services. Wed, 14 Jan 2015 07:14:15 GMT Amwal Alghad ZAWYA20150114054320 Open Egypt Construction Federation selects 500 firms to join Arabtec giant project http://www.zawya.com/story/Egypt_Construction_Federation_selects_500_firms_to_join_Arabtec_giant_project-ZAWYA20150114054401/ Around 500 companies working in the contractors sector will participate in Arabtec's one-million homes project, stated Chairman of the Egyptian Federation for Construction and Building Contractors (EFCBC) Hassan Abdel Aziz. Wed, 14 Jan 2015 07:13:58 GMT Amwal Alghad ZAWYA20150114054401 Open MIDEAST STOCKS-Mixed earnings, weak oil may dampen Gulf markets http://www.zawya.com/story/MIDEAST_STOCKSMixed_earnings_weak_oil_may_dampen_Gulf_markets-TR20150114nL6N0UT080X2/ Gulf stock markets may slow their advance on Wednesday after local firms reported a mixed set of fourth-quarter earnings and oil prices extended losses. Wed, 14 Jan 2015 05:43:29 GMT Reuters TR20150114nL6N0UT080X2 Subscription PREVIEW - Egypt central bank seen keeping rates steady this month http://www.zawya.com/story/PREVIEW__Egypt_central_bank_seen_keeping_rates_steady_this_month-ZAWYA20150114041355/ Egypt's central bank is expected to leave interest rates unchanged on Thursday after inflation rose last month, making it less likely the bank would raise rates to boost the economy. Wed, 14 Jan 2015 04:42:29 GMT Reuters ZAWYA20150114041355 Open Major British trade delegation in Egypt, but will the red tape end? http://www.zawya.com/story/Major_British_trade_delegation_in_Egypt_but_will_the_red_tape_end-TR20150113nL6N0US4BZX3/ British companies paying one of the most high-profile visits to Egypt by a Western trade delegation since the 2011 uprising seem more concerned by bureaucracy than political turbulence. Wed, 14 Jan 2015 04:30:42 GMT Reuters TR20150113nL6N0US4BZX3 Open Egyptian cleric warns Charlie Hebdo against publishing "racist" cartoons http://www.zawya.com/story/Egyptian_cleric_warns_Charlie_Hebdo_against_publishing_racist_cartoons-TR20150113nL6N0US2EKX3/ Egypt's Grand Mufti warned the French satirical newspaper Charlie Hebdo on Tuesday against publishing a new caricature of the Prophet Mohammad. Wed, 14 Jan 2015 04:19:45 GMT Reuters TR20150113nL6N0US2EKX3 Open Egypt minister says pardon still possible for Al Jazeera journalists http://www.zawya.com/story/Egypt_minister_says_pardon_still_possible_for_Al_Jazeera_journalists-TR20150113nL6N0US2U8X2/ Egypt's President Abdel Fattah al-Sisi could still pardon three jailed Al Jazeera journalists who are now facing a retrial if he deems it appropriate, the country's foreign minister said on Tuesday. Wed, 14 Jan 2015 04:12:35 GMT Reuters TR20150113nL6N0US2U8X2 Open