Zawya.com - Egypt Top Stories http://www.zawya.com/top-stories/rss/egypt/ en-us Copyright 2014 Zawya Ltd. All rights reserved. Thu, 24 Jul 2014 06:21:00 GMT 100 Zawya.com | Middle East Business News and Company Directory 144 76 http://www.zawya.com//top-stories/rss/egypt/ http://www.zawya.com/images/newsletter_zawya_logo.gif Egypt government mulls securing EGP18bn for Metro Line 3's phase IV http://www.zawya.com/story/Egypt_government_mulls_securing_EGP18bn_for_Metro_Line_3s_phase_IV-ZAWYA20140725062133/ Egypt's government is studying to contribute EGP 18 billion to implement the fourth phase of Cairo Metro Third Line project. Fri, 25 Jul 2014 07:39:34 GMT Amwal Alghad ZAWYA20140725062133 Open Egypt's steel industry files anti-dumping claim against imports http://www.zawya.com/story/Egypts_steel_industry_files_antidumping_claim_against_imports-TR20140724nL2N0PX2H9X2/ Egypt's steel companies have filed a petition against rebar and wire rod imports from China, Turkey and Ukraine, one of its top steelmakers said on Tuesday, the latest move in a years-long quest to protect the fledging industry from low-priced imports. Fri, 25 Jul 2014 05:41:53 GMT Reuters TR20140724nL2N0PX2H9X2 Open Al Jazeera journalists jailed in Egypt say they will appeal http://www.zawya.com/story/Al_Jazeera_journalists_jailed_in_Egypt_say_they_will_appeal-TR20140725nL4N0Q005YX2/ Three Al Jazeera journalists jailed in Egypt last month for up to ten years on charges of aiding a terrorist organisation will appeal their convictions, the family of imprisoned Australian journalist Peter Greste said. Fri, 25 Jul 2014 05:22:16 GMT Reuters TR20140725nL4N0Q005YX2 Open Egypt banks, bourse closed from July 28-30 for Eid holiday http://www.zawya.com/story/Egypt_banks_bourse_closed_from_July_2830_for_Eid_holiday-TR20140724nL6N0PZ4T7X2/ Egypt's central bank and its bourse announced a three-day holiday for the Islamic Eid el-Fitr next week. Thu, 24 Jul 2014 12:48:39 GMT Reuters TR20140724nL6N0PZ4T7X2 Open Egyptian pound stable at central bank sale, stronger on black market http://www.zawya.com/story/Egyptian_pound_stable_at_central_bank_sale_stronger_on_black_market-TR20140724nL6N0PZ3M5X2/ The Egyptian pound EGP= was stable at a central bank dollar sale on Thursday but strengthened on the black market ahead of the Muslim Eid holiday next week. Thu, 24 Jul 2014 10:19:15 GMT Reuters TR20140724nL6N0PZ3M5X2 Open Smart Villages will hire Financial Adviser for its IPO before year-end http://www.zawya.com/story/Smart_Villages_will_hire_Financial_Adviser_for_its_IPO_before_yearend-ZAWYA20140724065542/ Egypt's Smart Villages Company decided to go on its plans to launch an initial public offering for some of its shares in local bourse. Thu, 24 Jul 2014 07:21:14 GMT Amwal Alghad ZAWYA20140724065542 Open Egypt faces existential challenge, Al Sissi says http://www.zawya.com/story/Egypt_faces_existential_challenge_Al_Sissi_says-GN_23072014_240770/ The Egyptian President on Wednesday said his country faces an “existential challenge”, citing unspecified plots to undermine Egypt. Thu, 24 Jul 2014 05:04:38 GMT Gulf News GN_23072014_240770 Open Sisi's bold start on economic reforms buys Egypt some time http://www.zawya.com/story/Sisis_bold_start_on_economic_reforms_buys_Egypt_some_time-TR20140723nL6N0PU0X7X2/ Egypt's new president has made a head start on tackling the country's economic problems, managing to introduce long-awaited subsidy reform without stirring popular unrest. Thu, 24 Jul 2014 04:55:25 GMT Reuters TR20140723nL6N0PU0X7X2 Open Gaza bloodshed deepens as airlines shun Israel http://www.zawya.com/story/Gaza_bloodshed_deepens_as_airlines_shun_Israel-TR20140723nL2N0PY2WQX2/ Gaza fighting raged on Wednesday, displacing thousands more Palestinians in the battered territory as U.S. Secretary of State John Kerry said efforts to secure a truce between Israel and Hamas had made some progress. Thu, 24 Jul 2014 04:34:42 GMT Reuters TR20140723nL2N0PY2WQX2 Open GAFI says EGP4.5bn investments in Egypt's dairy sector http://www.zawya.com/story/GAFI_says_EGP45bn_investments_in_Egypts_dairy_sector-ZAWYA20140723074343/ General Authority for Free Zones and Investment (GAFI) Vice President Wafaa Sobhy asserted that dairy industry represents one of the most important food industries in Egypt as more than EGP4.5 billion has been pumped in the sector throughout 373 facilities working in various governorates. Wed, 23 Jul 2014 08:21:41 GMT Amwal Alghad ZAWYA20140723074343 Open Suez Cement: Net Profit Tumble 20% in H1 http://www.zawya.com/story/Suez_Cement_Net_Profit_Tumble_20_in_H1-ZAWYA20140723074359/ Suez Cement (SUCE.CA), Egypt's biggest listed cement maker by market value, recorded a first half consolidated net profit worth 312 million Egyptian pounds , 20% down from the same period a year earlier. Wed, 23 Jul 2014 08:20:16 GMT Amwal Alghad ZAWYA20140723074359 Open Egypt to pay off all arrears to foreign oil firms by 2017 http://www.zawya.com/story/Egypt_to_pay_off_all_arrears_to_foreign_oil_firms_by_2017-ZAWYA20140723074436/ The Egyptian government has reached an agreement with foreign oil firms to pay off all of its arrears by 2017 instead of its previous plan to pay EGP 21 billion (USD 3 billion) out of a total of EGP 42 billion (USD 6 billion) by that time, a source familiar with the matter told Ahram Online. Wed, 23 Jul 2014 08:19:24 GMT Amwal Alghad ZAWYA20140723074436 Open Egypt's National Drilling: Net profit falls 43% in H1 http://www.zawya.com/story/Egypts_National_Drilling_Net_profit_falls_43_in_H1-ZAWYA20140723075900/ Egypt's National Drilling Company (NDC) reported a 43% decline in its first half net profit which recorded $853.7 thousand. Wed, 23 Jul 2014 08:11:49 GMT Amwal Alghad ZAWYA20140723075900 Open Arab Misr Insurance GIG eyes EGP530m investment portfolio by FY14/15 http://www.zawya.com/story/Arab_Misr_Insurance_GIG_eyes_EGP530m_investment_portfolio_by_FY1415-ZAWYA20140723080121/ Head of Investment Sector at Arab Misr Insurance Group GIG Mohamed Nagah Nour said his company eyes increasing its investment portfolio to EGP530 million by the end of the current fiscal year of 2014/2015. Wed, 23 Jul 2014 08:11:02 GMT Amwal Alghad ZAWYA20140723080121 Open Misr Insurance registered EGP3.9bn premiums in FY13/14 http://www.zawya.com/story/Misr_Insurance_registered_EGP39bn_premiums_in_FY1314-ZAWYA20140723080141/ Misr General Insurance and Property Company attained EGP3.953 billion direct insurance premiums within the fiscal year of 2013/2014 in compared to EGP3.614 billion in FY12/13 with 9.4% growth rate. Wed, 23 Jul 2014 08:09:46 GMT Amwal Alghad ZAWYA20140723080141 Open Egypt mulls new capital amid furore http://www.zawya.com/story/Egypt_mulls_new_capital_amid_furore-GN_21072014_220736/ In a bid to ease the rising population and traffic congestion in centuries-old Cairo, the Egyptian government has floated a plan to build a new administrative capital for this country. Wed, 23 Jul 2014 07:12:59 GMT Gulf News GN_21072014_220736 Open Abbas-led Palestinian body backs Hamas truce demands in Gaza http://www.zawya.com/story/Abbasled_Palestinian_body_backs_Hamas_truce_demands_in_Gaza-ZAWYA20140723065330/ The Palestinian decision-making body led by U.S.-backed President Mahmoud Abbas on Wednesday endorsed demands by Hamas for halting Gaza hostilities with Israel. Wed, 23 Jul 2014 06:58:05 GMT Reuters ZAWYA20140723065330 Open Cairo Real Estate Market confidence returns, according to new JLL report http://www.zawya.com/story/Cairo_Real_Estate_Market_confidence_returns_according_to_new_JLL_report-ZAWYA20140723045750/ JLL, the world's leading real estate investment and advisory firm, has released its second quarter (Q2 2014) Cairo Real Estate Overview report, which provides the consultancy's perspective on the latest trends in the office, residential, retail and hotel sectors in the Cairo market. Wed, 23 Jul 2014 06:09:03 GMT Press Release ZAWYA20140723045750 Open Qatar emir meets Saudi king in Jeddah to discuss Gaza fighting http://www.zawya.com/story/Qatar_emir_meets_Saudi_king_in_Jeddah_to_discuss_Gaza_fighting-ZAWYA20140723055742/ Qatar's Emir Sheikh Tamimbin Hamad al-Thani arrived in Jeddah on Tuesday to meet SaudiArabia's King Abdullah for talks that focused on the situationin Gaza. Wed, 23 Jul 2014 05:59:04 GMT Reuters ZAWYA20140723055742 Open Egypt's steel industry files anti-dumping claim against imports http://www.zawya.com/story/Egypts_steel_industry_files_antidumping_claim_against_imports-TR20140722nL2N0PX2H9X5/ Egypt's steel companies have filed a petition against rebar and wire rod imports from China, Turkey and Ukraine, one of its top steelmakers said on Tuesday. Wed, 23 Jul 2014 05:52:54 GMT Reuters TR20140722nL2N0PX2H9X5 Open Kerry says Egyptian initiative is framework for Gaza truce http://www.zawya.com/story/Kerry_says_Egyptian_initiative_is_framework_for_Gaza_truce-TR20140722nL6N0PX3X6X4/ U.S. Secretary of State John Kerry said on Tuesday that an initiative from Egypt is the framework to end fighting between Israel and Hamas in the Gaza Strip. Wed, 23 Jul 2014 05:36:19 GMT Reuters TR20140722nL6N0PX3X6X4 Open Kerry, aides checked by security at Egyptian presidential palace http://www.zawya.com/story/Kerry_aides_checked_by_security_at_Egyptian_presidential_palace-TR20140722nL6N0PX3DTX2/ Egyptian security officers checked U.S. Secretary of State John Kerry and his top aides with a metal detector as they arrived for a meeting on Tuesday with President Abdel Fattah al-Sisi. Wed, 23 Jul 2014 04:24:01 GMT Reuters TR20140722nL6N0PX3DTX2 Open Egypt bond yields jump at first auction after rate hike http://www.zawya.com/story/Egypt_bond_yields_jump_at_first_auction_after_rate_hike-TR20140722nL6N0PX28CX2/ Egyptian treasury bond yields CBEX jumped more than 1% at an auction on Monday following last week's surprise 100 basis point hike in interest rates, reaching their highest in more than 10 months. Tue, 22 Jul 2014 09:56:54 GMT Reuters TR20140722nL6N0PX28CX2 Open NBE granted EGP40bn finance to petroleum sector in FY13/14 http://www.zawya.com/story/NBE_granted_EGP40bn_finance_to_petroleum_sector_in_FY1314-ZAWYA20140722071806/ National Bank of Egypt (NBE)'s total finance value for petroleum sector reached around EGP40 billion within the last fiscal year of 2013/2014. Tue, 22 Jul 2014 08:05:00 GMT Amwal Alghad ZAWYA20140722071806 Open EALB considers launching project for low-Income with EGP400m http://www.zawya.com/story/EALB_considers_launching_project_for_lowIncome_with_EGP400m-ZAWYA20140722072114/ Egyptian Arab Land Bank (EALB) is considering launching Project for low-income on an area of 27 feddan in El Saf,Cairo Egypt with investments ranging between EGP300 to EGP400 million. Tue, 22 Jul 2014 07:51:43 GMT Amwal Alghad ZAWYA20140722072114 Open AlexBank won't contribute to 'Long Live Egypt' Fund - CEO http://www.zawya.com/story/AlexBank_wont_contribute_to_Long_Live_Egypt_Fund__CEO-ZAWYA20140722072031/ AlexBank, a member of Intesa Sanpaolo Group, will not contribute to 'Long Live Egypt' fund, CEO Roberto Vercelli told reporters Sunday. Tue, 22 Jul 2014 07:50:54 GMT Amwal Alghad ZAWYA20140722072031 Open Egypt's Edita Food Industries eyes IPO at end of FY2014/15 http://www.zawya.com/story/Egypts_Edita_Food_Industries_eyes_IPO_at_end_of_FY201415-ZAWYA20140722071833/ Edita Food Industries, an Egyptian snacks maker part-owned by London-based buyout firm Actis LLP, is planning to launch its initial public offering by end of fiscal year of 2014-2015. Tue, 22 Jul 2014 07:50:04 GMT Amwal Alghad ZAWYA20140722071833 Open Egypt stock exchange to close on Wednesday for national holiday http://www.zawya.com/story/Egypt_stock_exchange_to_close_on_Wednesday_for_national_holiday-TR20140721nL6N0PW2P5X2/ Egypt's stock exchange .EGX30 will close on July 23 for a national holiday marking the army's ousting of King Farouk in 1952, it said in a statement on Monday. Mon, 21 Jul 2014 11:17:58 GMT Reuters TR20140721nL6N0PW2P5X2 Open Egypt's bourse to extend trading hours from August 7 http://www.zawya.com/story/Egypts_bourse_to_extend_trading_hours_from_August_7-TR20140721nL6N0PW2COX2/ Egypt will lengthen trading hours on its stock exchange and reinstate pre-trading from Aug. 7, it said in a statement on Monday, as it looks to normalise activities following the turmoil of recent years. Mon, 21 Jul 2014 10:20:34 GMT Reuters TR20140721nL6N0PW2COX2 Open Ericsson to offer end-to-end telecom solutions to Egypt ministry of electricity http://www.zawya.com/story/Ericsson_to_offer_endtoend_telecom_solutions_to_Egypt_ministry_of_electricity-ZAWYA20140721094524/ Egypt's Ministry of Electricity has selected Ericsson (NASDAQ:ERIC) toprovide end-to-end telecom solutionsand services for 180 electricity sites in Upper and Middle Egypt on a turnkey basis. Mon, 21 Jul 2014 10:09:56 GMT Press Release ZAWYA20140721094524 Open QNET calls for the introduction of Laws to regulate Direct Selling in Egypt http://www.zawya.com/story/QNET_calls_for_the_introduction_of_Laws_to_regulate_Direct_Selling_in_Egypt-ZAWYA20140721091324/ Direct selling (DS) is a fast growing industry that has started and immensely thrived with the rapid growth of the internet and has contributed fundamentally in enhancing the economy of several countries. Mon, 21 Jul 2014 10:03:58 GMT Press Release ZAWYA20140721091324 Open Vodafone Egypt to invest USD1.3bn over three years on network http://www.zawya.com/story/Vodafone_Egypt_to_invest_USD13bn_over_three_years_on_network-TR20140721nL6N0PW1Z5X2/ Vodafone Egypt will invest around 9.5 billion Egyptian pounds ($1.3 billion) over the next three years to improve its network. Mon, 21 Jul 2014 09:25:59 GMT Reuters TR20140721nL6N0PW1Z5X2 Open Misr Insurance Holding pledges EGP25mn for 'Long Live Egypt' Fund http://www.zawya.com/story/Misr_Insurance_Holding_pledges_EGP25mn_for_Long_Live_Egypt_Fund-ZAWYA20140721075949/ Egypt's Misr Insurance Holding Company and its subsidiaries will contribute EGP 25 million to 'Long Live Egypt' fund to support national economy, said investment minister Ashraf Salman on Saturday. Mon, 21 Jul 2014 08:06:05 GMT Amwal Alghad ZAWYA20140721075949 Open Unified licence will be launched next August - NTRA http://www.zawya.com/story/Unified_licence_will_be_launched_next_August__NTRA-ZAWYA20140721075933/ An official source in the National Telecommunication Regulatory Authority (NTRA) asserted that the actual operation of the unified licence will complete by next August as maximum. Mon, 21 Jul 2014 08:04:24 GMT Amwal Alghad ZAWYA20140721075933 Open Arab Investment Bank's capital raises to EGP1bn and EGP5.09bn deposits http://www.zawya.com/story/Arab_Investment_Banks_capital_raises_to_EGP1bn_and_EGP509bn_deposits-ZAWYA20140721075824/ Arab Investment Bank of Egypt (AIB)'s Extraordinary General Assembly approved to increase its issued capital to EGP1 billion against EGP500 million capital, Chairman Hani Seif El-Nasr said. Mon, 21 Jul 2014 08:03:16 GMT Amwal Alghad ZAWYA20140721075824 Open TV firm OSN gets buyout offer from unnamed bidder http://www.zawya.com/story/TV_firm_OSN_gets_buyout_offer_from_unnamed_bidder-TR20140720nL6N0PV0TGX1/ Pay-television operator OSN is the subject of a full takeover bid from an unnamed buyer, its parent company said, a deal that could prove to be one of the largest acquisitions of a regional business in recent years. Mon, 21 Jul 2014 04:29:31 GMT Reuters TR20140720nL6N0PV0TGX1 Open UN, Qatar condemn Gaza killings, call for immediate ceasefire http://www.zawya.com/story/UN_Qatar_condemn_Gaza_killings_call_for_immediate_ceasefire-TR20140720nL6N0PV08WX4/ UN Secretary-General Ban Ki-moon condemned as an "atrocious action" the killing of dozens of Palestinians in the Gaza Strip by Israeli shelling and called for an immediate end to almost two weeks of fighting. Mon, 21 Jul 2014 04:10:51 GMT Reuters TR20140720nL6N0PV08WX4 Open Egyptian Takaful Insurance - Properties: Investments 30% up in FY2013/14 http://www.zawya.com/story/Egyptian_Takaful_Insurance__Properties_Investments_30_up_in_FY201314-ZAWYA20140720070527/ Egyptian Takaful Insurance - Properties has registered a 30% rise in its portfolio of investments, totalling EGP 367.8 million by end of fiscal year of 2013-14. Sun, 20 Jul 2014 08:30:11 GMT Amwal Alghad ZAWYA20140720070527 Open Egypt's exports to Africa hit EGP4 bn in H1 http://www.zawya.com/story/Egypts_exports_to_Africa_hit_EGP4_bn_in_H1-ZAWYA20140720070708/ Egypt's volume of exports to the African continent hits around EGP 4 billion during first half of the current year, said Minister of Trade and Industry Mounir Fakhry Abdel Nour. Sun, 20 Jul 2014 07:37:47 GMT Amwal Alghad ZAWYA20140720070708 Open Sisi's government to borrow EGP5.5 bn from Local Bank Sunday http://www.zawya.com/story/Sisis_government_to_borrow_EGP55_bn_from_Local_Bank_Sunday-ZAWYA20140720070640/ Egyptian Ministry of Finance will launch Sunday new short term Treasury bills (T-bills) worth 5.5 billion Egyptian pounds (around USD769.2 million). Sun, 20 Jul 2014 07:36:04 GMT Amwal Alghad ZAWYA20140720070640 Open Jordan, France back Egyptian initiative http://www.zawya.com/story/Jordan_France_back_Egyptian_initiative-ZAWYA20140720072908/ Prime Minister Abdullah Ensour on Saturday renewed Jordan's strong objection to the Israeli aggression on the Gaza Strip, voicing the Kingdom's support for all efforts seeking to reach an immediate ceasefire in the coastal enclave. Sun, 20 Jul 2014 07:32:41 GMT Jordan Times ZAWYA20140720072908 Open Egyptian pro-Gaza convoy barred http://www.zawya.com/story/Egyptian_proGaza_convoy_barred-GN_19072014_200735/ Cairo Egyptian security forces Saturday barred a convoy of humanitarian aid from reaching the Palestinian Gaza Strip citing security reasons, activists said. Sun, 20 Jul 2014 05:17:11 GMT Gulf News GN_19072014_200735 Open Qatar to host Gaza ceasefire talks with Abbas and U.N. chief http://www.zawya.com/story/Qatar_to_host_Gaza_ceasefire_talks_with_Abbas_and_UN_chief-TR20140719nL6N0PU19WX4/ Qatar will host a meeting between Palestinian President Mahmoud Abbas and U.N. Secretary-General Ban Ki-moon on Sunday to try to reach a ceasefire agreement. Sun, 20 Jul 2014 05:04:44 GMT Reuters TR20140719nL6N0PU19WX4 Open France secures EUR1bn navy deal in Egypt http://www.zawya.com/story/France_secures_EUR1bn_navy_deal_in_Egypt-TR20140719nL6N0PU0JJX2/ France has secured its first major military contract in Egypt in about 20 years with a 1 billion euros (USD 1.35 billion) deal to sell four naval frigates. Sun, 20 Jul 2014 04:47:00 GMT Reuters TR20140719nL6N0PU0JJX2 Open Gunmen kill 21 Egyptian military border guards near Libya http://www.zawya.com/story/Gunmen_kill_21_Egyptian_military_border_guards_near_Libya-TR20140719nL6N0PU113X5/ Gunmen killed 21 Egyptian military border guards near the frontier with Libya on Saturday. Sun, 20 Jul 2014 04:26:02 GMT Reuters TR20140719nL6N0PU113X5 Open Qatar seeks role as Gaza mediator, Israel wary http://www.zawya.com/story/Qatar_seeks_role_as_Gaza_mediator_Israel_wary-TR20140717nL6N0PS3CJX2/ With Egyptian efforts to broker a truce between Israel and Hamas making little headway after 10 days of warfare, Qatari officials say it is time for the Gulf state to step in. Fri, 18 Jul 2014 09:25:02 GMT Reuters TR20140717nL6N0PS3CJX2 Open Egypt government seizes 66 firms owned by Muslim Brotherhood leaders http://www.zawya.com/story/Egypt_government_seizes_66_firms_owned_by_Muslim_Brotherhood_leaders-ZAWYA20140718062454/ The Judiciary committee assessing Muslim Brotherhood funds has seized 66 companies, which are owned by prominent leaders in the Islamist outlawed group, Khairat El-Shater and Hassan Malek. Fri, 18 Jul 2014 07:47:16 GMT Amwal Alghad ZAWYA20140718062454 Open Hamas-Egypt strains hamper bid for Gaza truce http://www.zawya.com/story/HamasEgypt_strains_hamper_bid_for_Gaza_truce-GN_17072014_180732/ Egypt’s strained ties with the Palestinian Islamist movement Hamas is impeding efforts to broker a ceasefire in the Gaza Strip targeted by a deadly Israeli onslaught, analysts have said. Fri, 18 Jul 2014 05:32:52 GMT Gulf News GN_17072014_180732 Open Egypt raises interest rates days after subsidy cuts http://www.zawya.com/story/Egypt_raises_interest_rates_days_after_subsidy_cuts-TR20140717nL6N0PS4V1X4/ Egypt's central bank raised benchmark interest rates on Thursday in an unexpected move seen as an attempt to hold down inflation less than two weeks after the government slashed subsidies on fuel and electricity. Fri, 18 Jul 2014 05:17:30 GMT Reuters TR20140717nL6N0PS4V1X4 Open Consultants say Egypt needs USD120bn inflow over 4 years - officials http://www.zawya.com/story/Consultants_say_Egypt_needs_USD120bn_inflow_over_4_years__officials-TR20140717nL6N0PR4TDX3/ Western consultants helping Egypt compile an economic reform plan say it needs at least USD 60 billion of investment to reach average GDP growth of 5% by 2018 and the same amount again to bolster its foreign reserves, senior officials said. Thu, 17 Jul 2014 12:24:26 GMT Reuters TR20140717nL6N0PR4TDX3 Open Etisalat Egypt signs MoU with Ericsson to boost customer experience in Egypt http://www.zawya.com/story/Etisalat_Egypt_signs_MoU_with_Ericsson_to_boost_customer_experience_in_Egypt-ZAWYA20140717090425/ Etisalat Egypt has chosen to continue their successful partnership with Ericsson by signing a Memorandum of Understanding (MoU) at Ericsson's headquarters in Sweden. Thu, 17 Jul 2014 09:15:49 GMT Press Release ZAWYA20140717090425 Open Egypt sovereign sukuk law still mired in uncertainty http://www.zawya.com/story/Egypt_sovereign_sukuk_law_still_mired_in_uncertainty-ZAWYA20140717082214/ The sovereign Islamic bond law has been stalled over formation of a supervisory body and lack of clarity about the government sukuk program, experts said. Thu, 17 Jul 2014 08:28:51 GMT Zawya ZAWYA20140717082214 Open Seven Egyptian men sentenced to life for sex attacks, harassment http://www.zawya.com/story/Seven_Egyptian_men_sentenced_to_life_for_sex_attacks_harassment-TR20140716nL6N0PR3C5X4/ Seven Egyptian men were jailed for life on Wednesday for attacking and sexually harassing women during rallies and celebrations in Cairo's Tahrir Square. Thu, 17 Jul 2014 05:11:23 GMT Reuters TR20140716nL6N0PR3C5X4 Open Egyptian court sentences five men to life for sexual harassment http://www.zawya.com/story/Egyptian_court_sentences_five_men_to_life_for_sexual_harassment-TR20140716nL6N0PR3C5X2/ An Egyptian court sentenced five men to life imprisonment on Wednesday for sexually harassing and attacking women during celebrations after President Abdel Fattah al-Sisi's election. Wed, 16 Jul 2014 13:04:27 GMT Reuters TR20140716nL6N0PR3C5X2 Open Consultants say Egypt needs USD120bn inflow over 4 years - officials http://www.zawya.com/story/Consultants_say_Egypt_needs_USD120bn_inflow_over_4_years__officials-TR20140716nL6N0PF3Z5X2/ Western consultants helping Egypt compile an economic reform plan say it needs at least USD 60 billion of investment to reach average GDP growth of 5% by 2018 and the same amount again to bolster its foreign reserves, senior officials said. Wed, 16 Jul 2014 11:41:59 GMT Reuters TR20140716nL6N0PF3Z5X2 Open Egypt's United Bank to boost SME funding http://www.zawya.com/story/Egypts_United_Bank_to_boost_SME_funding-ZAWYA20140716091240/ United Bank plans to increase loans available to SMEs to EGP 1.5 billion, according to the chairman. Wed, 16 Jul 2014 09:18:11 GMT Zawya ZAWYA20140716091240 Open 6 Insurance firms eye capturing Egypt's Al-Nouran Sugar policy with EGP2bn http://www.zawya.com/story/6_Insurance_firms_eye_capturing_Egypts_AlNouran_Sugar_policy_with_EGP2bn-ZAWYA20140714080821/ Senior sources revealed that 6 insurance companies are competing to provide offers for Al-Nouran Sugar firm regarding its new factory's policy in Sharkia governorate with EGP2 billion total insurance amounts. Wed, 16 Jul 2014 08:51:39 GMT Amwal Alghad ZAWYA20140714080821 Open UAE jobs surge 25% in a year: Click to know 'booming' sectors http://www.zawya.com/story/UAE_jobs_surge_25_in_a_year_Click_to_know_booming_sectors-ZAWYA20140716042023/ UAE registered steepest annual growth among all cities monitored by Monster Employment Index ME. Wed, 16 Jul 2014 05:02:37 GMT Emirates 24|7 ZAWYA20140716042023 Open UAE and Egypt lead the number of private equity investments in 2013 http://www.zawya.com/story/UAE_and_Egypt_lead_the_number_of_private_equity_investments_in_2013-GN_15072014_160731/ The UAE continues to be a popular destination for private equity investments due to the size and dynamic nature of the economy. Wed, 16 Jul 2014 04:52:56 GMT Gulf News GN_15072014_160731 Subscription Egypt's central bank seen keeping key interest rates on hold- poll http://www.zawya.com/story/Egypts_central_bank_seen_keeping_key_interest_rates_on_hold_poll-TR20140715nL6N0PQ2IMX2/ Egypt's central bank is expected to leave interest rates unchanged on Thursday as it balances its efforts to keep inflation in check with the need to stimulate the economy after more than three years of stagnation, a Reuters poll showed. Tue, 15 Jul 2014 12:12:33 GMT Reuters TR20140715nL6N0PQ2IMX2 Open Arab Orient Takaful pumps EGP22m to increase capital to EGP100m http://www.zawya.com/story/Arab_Orient_Takaful_pumps_EGP22m_to_increase_capital_to_EGP100m-ZAWYA20140715074236/ Managing Director of Arab Orient Takaful Insurance Mr. Mohamed Abdel Gawad said his company has pumped EGP22 million as an increase of its paid up capital to reach up EGP100 million. Tue, 15 Jul 2014 09:37:44 GMT Amwal Alghad ZAWYA20140715074236 Open Egypt added to Obama's Africa Summit list http://www.zawya.com/story/Egypt_added_to_Obamas_Africa_Summit_list-TR20140714nL2N0PP1ZGX2/ Egypt has been invited by the United States to attend next month's African leaders summit in Washington, a White House spokesman said on Monday, reversing a decision not to let Egypt participate. Tue, 15 Jul 2014 07:08:43 GMT Reuters TR20140714nL2N0PP1ZGX2 Open Israel approves Egyptian-proposed Gaza truce but Hamas suspicious http://www.zawya.com/story/Israel_approves_Egyptianproposed_Gaza_truce_but_Hamas_suspicious-TR20140715nL6N0PQ0SJX4/ Israel approved an Egyptian-proposed deal that would halt the week-old Gaza shelling war on Tuesday but the Palestinian territory's dominant Hamas Islamists responded suspiciously. Tue, 15 Jul 2014 06:50:12 GMT Reuters TR20140715nL6N0PQ0SJX4 Open Hosni Mubarak supporters cleared to run for parliament http://www.zawya.com/story/Hosni_Mubarak_supporters_cleared_to_run_for_parliament-GN_14072014_150730/ An Egyptian court on Monday revoked a ban on leading figures from the now-defunct party of former president Hosni Mubarak and said they have the legal right to run for parliament. Tue, 15 Jul 2014 05:18:40 GMT Gulf News GN_14072014_150730 Subscription Obama encouraged by Egypt ceasefire proposal for Mideast http://www.zawya.com/story/Obama_encouraged_by_Egypt_ceasefire_proposal_for_Mideast-TR20140715nL2N0PQ03TX2/ President Barack Obama said on Monday he was encouraged by Egypt's proposal for a ceasefire between Israel and the Palestinians and sided with Israel against what he called "inexcusable attacks." Tue, 15 Jul 2014 04:30:38 GMT Reuters TR20140715nL2N0PQ03TX2 Open Egypt proposes ceasefire in Israeli-Palestinian conflict http://www.zawya.com/story/Egypt_proposes_ceasefire_in_IsraeliPalestinian_conflict-TR20140715nL6N0PP5PYX2/ Egypt has proposed a ceasefire between Israel and Palestinian militants in Gaza that would start on Tuesday, ending a week of cross-border warfare, and be followed by talks to prevent further hostilities. Tue, 15 Jul 2014 04:28:45 GMT Reuters TR20140715nL6N0PP5PYX2 Subscription SANAD issues USD10m loan to ALEXBANK in Egypt http://www.zawya.com/story/SANAD_issues_USD10m_loan_to_ALEXBANK_in_Egypt-ZAWYA20140714101537/ The SANAD Fund for MSME (SANAD) signed a USD 10 million senior loan contract with ALEXBANK. Mon, 14 Jul 2014 10:20:49 GMT Press Release ZAWYA20140714101537 Open Eight killed in blasts in Egypt's Sinai region http://www.zawya.com/story/Eight_killed_in_blasts_in_Egypts_Sinai_region-TR20140713nL6N0PO1JSX3/ One security officer and seven others were killed in two successive explosions around security areas in Egypt's Sinai region, near the border with Israel. Mon, 14 Jul 2014 09:19:46 GMT Reuters TR20140713nL6N0PO1JSX3 Open Egypt’s NBE plans USD bond issue in 2014 http://www.zawya.com/story/Egypts_NBE_plans_USD_bond_issue_in_2014-ZAWYA20140713092251/ National Bank of Egypt plans to issue dollar-denominated bonds to raise up to USD 1 billion, the chairman said. Sun, 13 Jul 2014 09:36:04 GMT Zawya ZAWYA20140713092251 Open Arab Orient Takaful Insurance Names Walid Moustafa its New CEO http://www.zawya.com/story/Arab_Orient_Takaful_Insurance_Names_Walid_Moustafa_its_New_CEO-ZAWYA20140709075608/ Arab Orient Takaful Insurance Company decided to name Walid Sayed Moustafa its New CEO. Sun, 13 Jul 2014 08:20:03 GMT Amwal Alghad ZAWYA20140709075608 Subscription Sisi's government to borrow EGP5.5 billion tomorrow http://www.zawya.com/story/Sisis_government_to_borrow_EGP55_billion_tomorrow-ZAWYA20140713060542/ Egyptian Ministry of Finance will launch new short term Treasury bills (T-bills) worth 5.5 billion Egyptian pounds (around USD769 million). Sun, 13 Jul 2014 08:08:19 GMT Amwal Alghad ZAWYA20140713060542 Open ITU ranks Egypt 72nd globally for internet speed http://www.zawya.com/story/ITU_ranks_Egypt_72nd_globally_for_internet_speed-ZAWYA20140713060201/ The International Telecommunication Union has released its annual Information and Communications Technology (ICT) figures for 2014, which ranks Egypt 72nd for fixed broadband subscriptions by service speed out of 87 countries. Sun, 13 Jul 2014 08:07:26 GMT Amwal Alghad ZAWYA20140713060201 Open Misr Insurance renews EGP10bn insurance policy for Etisalat Misr http://www.zawya.com/story/Misr_Insurance_renews_EGP10bn_insurance_policy_for_Etisalat_Misr-ZAWYA20140713060158/ MIC would also provide motor insurance Sun, 13 Jul 2014 08:06:32 GMT Amwal Alghad ZAWYA20140713060158 Open Prime Holding mulls running 2 IPOs on Egypt bourse http://www.zawya.com/story/Prime_Holding_mulls_running_2_IPOs_on_Egypt_bourse-ZAWYA20140713055811/ Egypt-based Prime Holding for Financial Investments is studying to manage 2 new initial public offerings (IPOs) within upcoming period. Sun, 13 Jul 2014 08:05:23 GMT Amwal Alghad ZAWYA20140713055811 Open 10.8% increase in the number of Kuwaiti tourists visiting Egypt in the first five months of 2014 http://www.zawya.com/story/108_increase_in_the_number_of_Kuwaiti_tourists_visiting_Egypt_in_the_first_five_months_of_2014-ZAWYA20140713072418/ The Egyptian Ministry of Tourism and Egyptian Tourism Authority (ETA) announced tourism statistics for the month of May 2014 that reveal a significant increase in the number of tourists visiting Egypt from the GCC. Sun, 13 Jul 2014 07:47:19 GMT Press Release ZAWYA20140713072418 Open Saudi tourists visiting Egypt up 6.3% in May http://www.zawya.com/story/Saudi_tourists_visiting_Egypt_up_63_in_May-ZAWYA20140713041349/ The Egyptian Ministry of Tourism and Egyptian Tourism Authority (ETA) announced tourism statistics for the month of May 2014 that reveals a significant increase in the number of tourists visiting Egypt from the GCC. Sun, 13 Jul 2014 05:33:01 GMT Arab News ZAWYA20140713041349 Subscription Egypt tries crude swaps to import crucial foreign oil http://www.zawya.com/story/Egypt_tries_crude_swaps_to_import_crucial_foreign_oil-TR20140711nL6N0PM40JX2/ Egypt is offering to swap some of its domestic oil production for Iraqi crude better-suited to its ageing refining system, as Cairo's budget woes restrict its ability to buy on international markets. Sat, 12 Jul 2014 05:02:31 GMT Reuters TR20140711nL6N0PM40JX2 Open German tour operators resume trips to Sharm el-Sheikh http://www.zawya.com/story/German_tour_operators_resume_trips_to_Sharm_elSheikh-TR20140711nL6N0PM2CBX2/ German tour operators said holidaymakers may once again book trips to Egypt's Sharm el-Sheikh after the German foreign office eased travel advice for the destination. Fri, 11 Jul 2014 10:20:14 GMT Reuters TR20140711nL6N0PM2CBX2 Open Egypt Post delays Islamic product launch till early 2015 http://www.zawya.com/story/Egypt_Post_delays_Islamic_product_launch_till_early_2015-ZAWYA20140711061055/ The National Postal Authority - Egypt Post decided to deter plans to launch its new product 'The Islamic Postal Savings Passbook' until early 2015. Fri, 11 Jul 2014 09:21:07 GMT Amwal Alghad ZAWYA20140711061055 Open Egypt's Badr investors to launch holding firm with EGP200m capital http://www.zawya.com/story/Egypts_Badr_investors_to_launch_holding_firm_with_EGP200m_capital-ZAWYA20140711061031/ Badr Investors Associaation (BIA) is planning to launch holding firm to develop the city with EGP200 million initial capitals, Alaa El-Sakty chairman revealed. Fri, 11 Jul 2014 08:09:18 GMT Amwal Alghad ZAWYA20140711061031 Open No fix for Egypt's LNG needs as search for terminal widens http://www.zawya.com/story/No_fix_for_Egypts_LNG_needs_as_search_for_terminal_widens-TR20140710nL6N0PK57AX2/ Egypt has missed a window to avert gas shortages this year as plans to secure a floating import terminal from a Norwegian firm hit snags, causing officials to hedge their bets by restarting talks with U.S.-based rival Excelerate Energy. Thu, 10 Jul 2014 12:42:38 GMT Reuters TR20140710nL6N0PK57AX2 Open Egypt's consumer inflation stays steady in June http://www.zawya.com/story/Egypts_consumer_inflation_stays_steady_in_June-TR20140710nL6N0PL2Q5X3/ Egypt's annual urban consumer inflation remained steady at 8.2% in June but is expected to rise after last week's jump in fuel prices, official statistics agency CAPMAS said. Thu, 10 Jul 2014 12:13:43 GMT Reuters TR20140710nL6N0PL2Q5X3 Open Egypt's GASC Offers Tender to Buy Wheat within 10 Days http://www.zawya.com/story/Egypts_GASC_Offers_Tender_to_Buy_Wheat_within_10_Days-ZAWYA20140710062220/ Egypt's state-owned General Authority for Supply Commodities (GASC) offered a tender on Tuesday to buy quantities of wheat from the global suppliers in the period ranging from August21 to August 31. Thu, 10 Jul 2014 08:53:07 GMT Amwal Alghad ZAWYA20140710062220 Open Arab Misr Insurance GIG's Investment Portfolio Hit EGP470m at June-End http://www.zawya.com/story/Arab_Misr_Insurance_GIGs_Investment_Portfolio_Hit_EGP470m_at_JuneEnd-ZAWYA20140710062307/ The financial statements of Arab Misr Insurance Group GIG explained that the total value of the company's investment portfolio reached around EGP470 million at the end of last June, Mohamed Nagah Nour, Head of Investment Sector said. Thu, 10 Jul 2014 08:51:50 GMT Amwal Alghad ZAWYA20140710062307 Open Saudi Arabia Tops Recipients of Egypt's Exports in 5 Months http://www.zawya.com/story/Saudi_Arabia_Tops_Recipients_of_Egypts_Exports_in_5_Months-ZAWYA20140710062338/ Saudi Arabia topped the list of countries receiving Egyptian exports within the first five months of 2014 worth EGP6.4 billion then Italy ranked second, Turkey comes in the third place followed by USA. Thu, 10 Jul 2014 08:51:17 GMT Amwal Alghad ZAWYA20140710062338 Open Suez Cement's Kattameya plant to use coal with EGP170m cost by Sept http://www.zawya.com/story/Suez_Cements_Kattameya_plant_to_use_coal_with_EGP170m_cost_by_Sept-ZAWYA20140710062456/ Chairman of Suez Cement Group Mr. Omar Mohanna revealed that his company is planning starting transition processes to use coal in its Kattameya cement plant by the next September with 3 million tons production capacity and EGP168 million investment cost. Thu, 10 Jul 2014 08:50:43 GMT Amwal Alghad ZAWYA20140710062456 Open Egypt's C.Bank's FDI Increased to US$1.84bn at Q3 of FY13/14 http://www.zawya.com/story/Egypts_CBanks_FDI_Increased_to_US184bn_at_Q3_of_FY1314-ZAWYA20140710062622/ The latest Reports of the Central Bank of Egypt (CBE) claimed that the foreign direct investments (FDI) increased to US$1.84 billion at the end of the third quarter of FY13/14 against US$1.602 billion at the end of the second quarter move up by US$238 million. Thu, 10 Jul 2014 08:49:06 GMT Amwal Alghad ZAWYA20140710062622 Open GrainCorp buys 10% of Egypt's largest private flour miller http://www.zawya.com/story/GrainCorp_buys_10_of_Egypts_largest_private_flour_miller-TR20140710nL4N0PL0AAX2/ Australian agribusiness GrainCorp Ltd. said it has bought a 10 percent stake in Egypt's largest private flour miller, Five Star Flour Mills Co, strengthening its relationship with the world's largest importer of wheat. Thu, 10 Jul 2014 05:19:53 GMT Reuters TR20140710nL4N0PL0AAX2 Open Newspaper says UAE holding suspected Qatari "agents" for questioning http://www.zawya.com/story/Newspaper_says_UAE_holding_suspected_Qatari_agents_for_questioning-TR20140709nL6N0PK281X2/ The United Arab Emirates is holding suspected Qatari intelligence agents for questioning on their activities in the UAE, an Emirati newspaper said on Wednesday, in a case that could further damage ties between the two Gulf Arab allies. Thu, 10 Jul 2014 05:18:04 GMT Reuters TR20140709nL6N0PK281X2 Open Egypt pound unchanged at c.bank sale, slightly weaker on black market http://www.zawya.com/story/Egypt_pound_unchanged_at_cbank_sale_slightly_weaker_on_black_market-TR20140709nL6N0PK2F6X2/ The Egyptian pound EGP= was steady at a central bank dollar sale on Wednesday but weakened on the black market. Wed, 09 Jul 2014 10:15:16 GMT Reuters TR20140709nL6N0PK2F6X2 Open Food prices in Egypt seen 2% rise on fuel subsidy cut - Juhayna CEO http://www.zawya.com/story/Food_prices_in_Egypt_seen_2_rise_on_fuel_subsidy_cut__Juhayna_CEO-ZAWYA20140709075531/ Egypt's recent hikes in fuel prices will not negatively affect food products, said CEO of one of the country's largest dairy products and juice makers. Wed, 09 Jul 2014 08:43:19 GMT Amwal Alghad ZAWYA20140709075531 Open Egypt's Alfa Ceramic to Launch 4 New Lines with EGP200m by August http://www.zawya.com/story/Egypts_Alfa_Ceramic_to_Launch_4_New_Lines_with_EGP200m_by_August-ZAWYA20140709075705/ Egyptian Alfa Ceramic Company is planning launching 4 new production lines in Sixth October City with EGP200 million investment cost by next August. Wed, 09 Jul 2014 08:42:10 GMT Amwal Alghad ZAWYA20140709075705 Open NBE, Banque Misr, HSBC Ok EGP250m Finance for Egypt Kuwait Holding http://www.zawya.com/story/NBE_Banque_Misr_HSBC_Ok_EGP250m_Finance_for_Egypt_Kuwait_Holding-ZAWYA20140709075645/ National Bank of Egypt (NBE), Banque Misr and HSBC agreed to provide EGP250 million finance for one of the firms which specialized in building material industries that affiliated to Egypt Kuwait Holding Company (EKHO.CA) in order to be used in coal energy. Wed, 09 Jul 2014 08:41:08 GMT Amwal Alghad ZAWYA20140709075645 Open One in four Syrian refugee women head households http://www.zawya.com/story/One_in_four_Syrian_refugee_women_head_households-DS09072014_dsart*263184/ A quarter of all Syrian refugee households in Iraq, Jordan, Lebanon and Egypt are now run solely by a woman, leaving mothers struggling to make ends meet and even forcing children into work, a report by the United Nations released Tuesday says. Wed, 09 Jul 2014 06:54:04 GMT The Daily Star DS09072014_dsart-263184 Subscription Egypt Bourse still in talks with Etisalat over listing shares http://www.zawya.com/story/Egypt_Bourse_still_in_talks_with_Etisalat_over_listing_shares-ZAWYA20140708062606/ Egypt is aiming to reach an agreement with UAE's mobile operator Etisalat on listing its Egyptian arm's shares in the local market within the upcoming period. Tue, 08 Jul 2014 08:48:50 GMT Amwal Alghad ZAWYA20140708062606 Open ITIDA Egypt Boosts SMEs with EGP20m http://www.zawya.com/story/ITIDA_Egypt_Boosts_SMEs_with_EGP20m-ZAWYA20140708062715/ Information Technology Industry Development Agency (ITIDA) announced for starting new stage of encourage project for Small and Medium Enterprises SMEs with EGP20 million budgets. Tue, 08 Jul 2014 08:48:09 GMT Amwal Alghad ZAWYA20140708062715 Open Egypt bought 5.1 million tonnes of Wheat in FY2013/14 http://www.zawya.com/story/Egypt_bought_51_million_tonnes_of_Wheat_in_FY201314-ZAWYA20140708062802/ At total value of USD1.5 billion, Egypt has imported around 5.1 million tonnes of wheat during fiscal year 2013/2014, said state-owned General Authority for Supply Commodities (GASC). Tue, 08 Jul 2014 08:47:14 GMT Amwal Alghad ZAWYA20140708062802 Open NBE, Banque Misr Join AAIB in Marketing Palm Hills' EGP2.6bn Loan http://www.zawya.com/story/NBE_Banque_Misr_Join_AAIB_in_Marketing_Palm_Hills_EGP26bn_Loan-ZAWYA20140708062739/ National Bank of Egypt (NBE), Banque Misr and Arab African International Bank (AAIB) started marketing Palm Hills Development's EGP2.6 billion loan throughout displaying it on all banks operating in the Egyptian market in the last week. Tue, 08 Jul 2014 08:46:52 GMT Amwal Alghad ZAWYA20140708062739 Open Price increase fuels public anger in Egypt http://www.zawya.com/story/Price_increase_fuels_public_anger_in_Egypt-GN_07072014_080739/ Many Egyptians expressed angry reaction to the government’s decision earlier this week to increase prices of petrol, diesel and natural gas used for vehicles by up to 78 per cent. Tue, 08 Jul 2014 06:13:44 GMT Gulf News GN_07072014_080739 Subscription MFF secures EGP225m for Egypt's Housing Initiative - Phase I http://www.zawya.com/story/MFF_secures_EGP225m_for_Egypts_Housing_Initiative__Phase_I-ZAWYA20140707061348/ Chairman of Mortgage Finance Fund (MFF) Mai Abdel Hamid said the volume of subsidiary which provided by the fund for 13.000 residential units as the first phase of 'Social Housing Project' reached up EGP225million. Mon, 07 Jul 2014 07:41:12 GMT Amwal Alghad ZAWYA20140707061348 Open