Zawya.com - Egypt Top Stories http://www.zawya.com/top-stories/rss/egypt/ en-us Copyright 2014 Zawya Ltd. All rights reserved. Sat, 25 Oct 2014 05:57:00 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 Alex Bank plans to invest EGP400m in Egypt market http://www.zawya.com/story/Alex_Bank_plans_to_invest_EGP400m_in_Egypt_market-ZAWYA20141026055735/ The private Egyptian bank plans to inject fresh investments worth EGP 400 million into the local market in the next four years. Sun, 26 Oct 2014 06:29:08 GMT Amwal Alghad ZAWYA20141026055735 Open Mideast braced for lower oil prices http://www.zawya.com/story/Mideast_braced_for_lower_oil_prices-ZAWYA20141026030935/ Now is the time for policy makers in the Middle East to "walk the talk" about fiscal discipline. Sun, 26 Oct 2014 04:50:50 GMT Arab News ZAWYA20141026030935 Open Cuts in fertilizer subsidy fuels Egyptian farmers' ire http://www.zawya.com/story/Cuts_in_fertilizer_subsidy_fuels_Egyptian_farmers_ire-GN_25102014_261012/ The subsidy cut has resulted in a 33% increase in the official price of fertilizers, coming ahead of the winter season when Egyptian farmers traditionally cultivate wheat. Sun, 26 Oct 2014 04:33:51 GMT Gulf News GN_25102014_261012 Open Egypt regulator pins bond market hopes on central bank http://www.zawya.com/story/Egypt_regulator_pins_bond_market_hopes_on_central_bank-ZAWYA20141024134428/ Egyptian authorities are eager to develop an active bond market but are counting on the central bank to ensure the participation of commercial banks, the head of the country's financial markets regulator said. Sat, 25 Oct 2014 05:43:48 GMT Reuters ZAWYA20141024134428 Open Masked men burn Saudi consulate cars in Egypt - sources http://www.zawya.com/story/Masked_men_burn_Saudi_consulate_cars_in_Egypt__sources-TR20141024nL6N0SJ3PXX2/ Masked men set fire to two cars belonging to the consulate of Saudi Arabia in the Egyptian city of Suez on Friday morning, local security sources and the state news agency reported. Sat, 25 Oct 2014 05:42:21 GMT Reuters TR20141024nL6N0SJ3PXX2 Open Attacks in Egypt's Sinai kill 30 security personnel http://www.zawya.com/story/Attacks_in_Egypts_Sinai_kill_30_security_personnel-TR20141024nL6N0SJ381X6/ Two attacks in Egypt's Sinai Peninsula killed 30 security personnel on Friday, security sources said, in some of the worst anti-state violence since Islamist President Mohamed Mursi was overthrown last year. Sat, 25 Oct 2014 05:34:14 GMT Reuters TR20141024nL6N0SJ381X6 Open Egypt considering USD1.5b foreign bond as it repairs economy-finance minister http://www.zawya.com/story/Egypt_considering_USD15b_foreign_bond_as_it_repairs_economyfinance_minister-ZAWYA20141024112812/ Egypt could tap international bond markets to raise up to USD 1.5 billion next year to shore up its finances and is open to agreeing an IMF loan package if needed, the finance minister said. Fri, 24 Oct 2014 11:29:51 GMT Reuters ZAWYA20141024112812 Open SAIB, SFD to Ink EGP60m contract to fund small projects next month http://www.zawya.com/story/SAIB_SFD_to_Ink_EGP60m_contract_to_fund_small_projects_next_month-ZAWYA20141023141516/ Société Arabe Internationale de Banque (SAIB) is set to sign a financing contract next month with the Social Fund for Development (SFD) for the support of small projects in Egypt. Fri, 24 Oct 2014 06:54:49 GMT Amwal Alghad ZAWYA20141023141516 Open Dana Gas receives USD47m in debt payment from Egypt http://www.zawya.com/story/Dana_Gas_receives_USD47m_in_debt_payment_from_Egypt-ZAWYA20141023141634/ UAE's Dana Gas said on Thursday it received USD 47 million from Egypt, $36 million of which is in local Egyptian pounds as the country embarked to settle overdue payables to service providers to its Egyptian operations. Fri, 24 Oct 2014 06:51:15 GMT Amwal Alghad ZAWYA20141023141634 Open Egypt buys 1.7 million tons of wheat in 100 days http://www.zawya.com/story/Egypt_buys_17_million_tons_of_wheat_in_100_days-ZAWYA20141023141755/ Egypt, the world's top wheat importer, has bought 1.7 million tonnes of wheat on the international market in 100 days since July 1, the start of the fiscal year. Fri, 24 Oct 2014 06:49:40 GMT Amwal Alghad ZAWYA20141023141755 Open Edita Food Industries plans EGP1bn new investments in 3 years http://www.zawya.com/story/Edita_Food_Industries_plans_EGP1bn_new_investments_in_3_years-ZAWYA20141023141658/ Egypt's snack food provider, Edita Food Industries is planning fresh investments worth one billion Egyptian pounds in the coming three years, CEO Hani Berzi said. Fri, 24 Oct 2014 06:49:27 GMT Amwal Alghad ZAWYA20141023141658 Open Nile Sugar's shares active on bourse database on October 26 - EGX http://www.zawya.com/story/Nile_Sugars_shares_active_on_bourse_database_on_October_26__EGX-ZAWYA20141024042659/ Egyptian stock Exchange (EGX)'s Listing Committee approved on Thursday the listing of Nile Sugar, a private beet-based sugar mill owned by the Sawiris family. Fri, 24 Oct 2014 06:28:37 GMT Amwal Alghad ZAWYA20141024042659 Open Egypt's Arab Investment Bank plans capital hike http://www.zawya.com/story/Egypts_Arab_Investment_Bank_plans_capital_hike-ZAWYA20141023071801/ Egypt’s Arab Investment Bank plans to increase its capital to meet expansion plans, the chairman told Zawya. Thu, 23 Oct 2014 07:21:13 GMT Zawya ZAWYA20141023071801 Open Egypt's Juhayna expects recovery in 2015 after "difficult year" http://www.zawya.com/story/Egypts_Juhayna_expects_recovery_in_2015_after_difficult_year-ZAWYA20141023060337/ Juhayna, Egypt's largest producer of packaged juice and dairy products, expects its profits to recover in 2015 after an increase in the cost of raw materials squeezed margins this year, its chairman said. Thu, 23 Oct 2014 06:07:27 GMT Reuters ZAWYA20141023060337 Open Blast outside Cairo University wounds seven http://www.zawya.com/story/Blast_outside_Cairo_University_wounds_seven-TR20141022nL6N0SH48JX2/ An explosion outside Cairo University wounded at least seven people on Wednesday, among them police and civilians, security sources said. Thu, 23 Oct 2014 05:51:00 GMT Reuters TR20141022nL6N0SH48JX2 Open At least three drugs smugglers killed in attack along Egypt border-Israel http://www.zawya.com/story/At_least_three_drugs_smugglers_killed_in_attack_along_Egypt_borderIsrael-TR20141022nL6N0SH32DX4/ At least three attackers in Egypt's Sinai peninsula, probably drugs smugglers, were killed after they opened fire on Israeli soldiers across the border on Wednesday and wounded two, the Israeli military said. Thu, 23 Oct 2014 04:27:31 GMT Reuters TR20141022nL6N0SH32DX4 Open CIB secures EGP500m for Egypt's low-income housing funding initiative http://www.zawya.com/story/CIB_secures_EGP500m_for_Egypts_lowincome_housing_funding_initiative-ZAWYA20141022064942/ The Commercial International Bank - CIB is allocating EGP 500 million (around USD 70 million) for the housing finance initiative of the country's Central Bank, a source with knowledge of the bank's decision told Amwal Al Ghad. The largest private-sector lender in Egypt is set to finance low-and-middle-income housing projects. Wed, 22 Oct 2014 09:53:55 GMT Amwal Alghad ZAWYA20141022064942 Open Egypt sentences to death 7 suspected members of Ansar Bayt al-Maqdis http://www.zawya.com/story/Egypt_sentences_to_death_7_suspected_members_of_Ansar_Bayt_alMaqdis-TR20141021nL6N0SG537X2/ An Egyptian court sentenced to death seven suspected members of Islamist militant group Ansar Bayt al-Maqdis on Tuesday on charges related to attacks on the military in and around Cairo in March which killed nine soldiers, judicial sources said. Wed, 22 Oct 2014 07:59:32 GMT Reuters TR20141021nL6N0SG537X2 Open Egypt plans cash benefits in early 2015 to offset subsidy cuts -minister http://www.zawya.com/story/Egypt_plans_cash_benefits_in_early_2015_to_offset_subsidy_cuts_minister-ZAWYA20141022065540/ Egypt will introduce two new cash benefits early next year as part of government efforts to minimise the impact of subsidy cuts on the poor, a government minister said. Wed, 22 Oct 2014 06:58:44 GMT Reuters ZAWYA20141022065540 Open Egypt court sets January 1 appeal date for Al Jazeera journalists http://www.zawya.com/story/Egypt_court_sets_January_1_appeal_date_for_Al_Jazeera_journalists-TR20141021nL6N0SG49FX2/ An Egyptian court has set January 1 as the date for an appeals hearing for the three Al Jazeera journalists serving jail time in Egypt, the network said on Tuesday. Tue, 21 Oct 2014 16:05:00 GMT Reuters TR20141021nL6N0SG49FX2 Open Egypt will fix the economy but don't expect miracles-PM http://www.zawya.com/story/Egypt_will_fix_the_economy_but_dont_expect_miraclesPM-ZAWYA20141021130450/ Egypt's Prime Minister urged the country's citizens not to expect instant results from large-scale infrastructure projects the government has embarked on to create jobs and strengthen the economy. Tue, 21 Oct 2014 15:56:49 GMT Reuters ZAWYA20141021130450 Open Egyptian Exchange says to approve 10 listings by end-year http://www.zawya.com/story/Egyptian_Exchange_says_to_approve_10_listings_by_endyear-ZAWYA20141021072619/ The Egyptian Exchange expects to have approved the listings of 10 companies by the end of this year as confidence in the local economy grows, the exchange's chairman Mohamed Omran said. Tue, 21 Oct 2014 07:31:29 GMT Reuters ZAWYA20141021072619 Open Mashreq Egypt launches SME current account http://www.zawya.com/story/Mashreq_Egypt_launches_SME_current_account-ZAWYA20141021050936/ Mashreq Bank - Egypt launched today a new SME Current Account to address the needs of small and medium-sized business customers, as individuals or as businesses. Tue, 21 Oct 2014 05:24:12 GMT Amwal Alghad ZAWYA20141021050936 Open Insurance Federation of Egypt contributes EGP1m to 'Long Live Egypt' fund http://www.zawya.com/story/Insurance_Federation_of_Egypt_contributes_EGP1m_to_Long_Live_Egypt_fund-ZAWYA20141021051247/ The Insurance Federation of Egypt (IFE) announced Monday a contribution of one million Egyptian pounds (around USD140.00) to 'Long Live Egypt' Fund, to support national economy. Tue, 21 Oct 2014 05:23:32 GMT Amwal Alghad ZAWYA20141021051247 Open E-commerce in the Middle East - Sets eyes on unprecedented growth by 2016 http://www.zawya.com/story/Ecommerce_in_the_Middle_East__Sets_eyes_on_unprecedented_growth_by_2016-ZAWYA20141020110722/ The Entrepreneurs' Organization (EO), a global network of more than 10,000 business owners with 65 members in their UAE chapter, hosted a business meet at the Media Rotana Hotel in Dubai. Mon, 20 Oct 2014 11:18:15 GMT Press Release ZAWYA20141020110722 Open Egyptian developer SODIC to invest $336 mln in 2015, sees property boom http://www.zawya.com/story/Egyptian_developer_SODIC_to_invest_336_mln_in_2015_sees_property_boom-ZAWYA20141020093027/ Egypt's once-booming construction sector was hit hard by the 2011 revolt that ended Hosni Mubarak's 30-year rule but ushered in a Mon, 20 Oct 2014 09:43:37 GMT Reuters ZAWYA20141020093027 Open Moody's raises Egypt's outlook to stable on political stability, improved growth http://www.zawya.com/story/Moodys_raises_Egypts_outlook_to_stable_on_political_stability_improved_growth-TR20141020nL6N0SF19DX2/ Moody's raised Egypt's credit ratings outlook to stable from negative on Monday, citing a more stable political and security situation and signs of economic recovery. Mon, 20 Oct 2014 07:55:05 GMT Reuters TR20141020nL6N0SF19DX2 Open Markets rebound as global bourses rally on earnings, sentiment http://www.zawya.com/story/Markets_rebound_as_global_bourses_rally_on_earnings_sentiment-TR20141019nL6N0SE0IDX2/ Most exchanges in the Middle East rebounded on Sunday after global stock markets recovered on Friday from a big sell-off triggered by worries about the impact of weak earnings reports on growth and businesses. Sun, 19 Oct 2014 14:14:34 GMT Reuters TR20141019nL6N0SE0IDX2 Subscription Blast kills six security forces in Egypt's Sinai http://www.zawya.com/story/Blast_kills_six_security_forces_in_Egypts_Sinai-TR20141019nL6N0SE0EPX2/ At least six Egyptian security force personnel were killed by a remotely detonated roadside bomb in the Sinai Peninsula on Sunday, medical and security sources said. Sun, 19 Oct 2014 13:52:44 GMT Reuters TR20141019nL6N0SE0EPX2 Open Israel's Tamar group looks to sell gas to Egypt via EMG pipeline http://www.zawya.com/story/Israels_Tamar_group_looks_to_sell_gas_to_Egypt_via_EMG_pipeline-TR20141019nL6N0SE03GX2/ The partners in Israel's offshore Tamar gas field said they are negotiating the sale of gas to private customers in Egypt via an old pipeline built to send gas in the other direction. Sun, 19 Oct 2014 09:46:55 GMT Reuters TR20141019nL6N0SE03GX2 Subscription Dr B.R. Shetty to expand his NMC group in UAE and GCC http://www.zawya.com/story/Dr_BR_Shetty_to_expand_his_NMC_group_in_UAE_and_GCC-GN_18102014_191044/ Dr B.R. Shetty, founder and Chairman of New Medical Centre (NMC) group has big plans for his company as well as for himself. Sun, 19 Oct 2014 04:27:34 GMT Gulf News GN_18102014_191044 Open UAE's Arabtec says to launch huge Egypt housing project by year-end http://www.zawya.com/story/UAEs_Arabtec_says_to_launch_huge_Egypt_housing_project_by_yearend-TR20141019nL6N0SD0JRX2/ United Arab Emirates-based construction firm Arabtec plans to launch the first phase of a huge housing project in Egypt before the end of this year, the company said on Sunday. Sun, 19 Oct 2014 04:20:11 GMT Reuters TR20141019nL6N0SD0JRX2 Open Nile dam talks inch forward but Egypt gets no water guarantee http://www.zawya.com/story/Nile_dam_talks_inch_forward_but_Egypt_gets_no_water_guarantee-TR20141017nL6N0SC53HX2/ The three main countries that share the Nile River's waters moved toward an agreement to study whether a planned USD 4 billion Ethiopian dam would disrupt flows to downstream countries, water ministers of Ethiopia, Sudan and Egypt said after talks on Friday. Sat, 18 Oct 2014 05:07:35 GMT Reuters TR20141017nL6N0SC53HX2 Open Egypt acquits 141 Mursi supporters http://www.zawya.com/story/Egypt_acquits_141_Mursi_supporters-GN_16102014_171016/ An Egyptian court Thursday cleared 141 backers of the deposed Islamist president Mohammad Mursi of violence charges in a rare verdict involving Islamists, according to judicial sources. Fri, 17 Oct 2014 05:30:45 GMT Gulf News GN_16102014_171016 Open Time Hotels to expand in Egypt, Saudi Arabia http://www.zawya.com/story/Time_Hotels_to_expand_in_Egypt_Saudi_Arabia-GN_16102014_171044/ Time Hotels Management, a Dubai-based hospitality company, is set to expand in the region with the opening of new Time Express hotels in Egypt, its chief executive officer, Mohammad Awadalla, told Gulf News. Fri, 17 Oct 2014 05:28:05 GMT Gulf News GN_16102014_171044 Open RPG attack kills 2 policemen in Egypt's Sinai -state TV http://www.zawya.com/story/RPG_attack_kills_2_policemen_in_Egypts_Sinai_state_TV-TR20141016nL6N0SB68NX2/ An attack with a rocket propelled grenade killed two policemen and wounded another in the capital of Egypt's restive North Sinai province, state media reported late on Thursday. Fri, 17 Oct 2014 04:59:24 GMT Reuters TR20141016nL6N0SB68NX2 Open Egypt central bank keeps rates on hold, monitoring risks from global growth jitters http://www.zawya.com/story/Egypt_central_bank_keeps_rates_on_hold_monitoring_risks_from_global_growth_jitters-TR20141016nL6N0SB59SX2/ Egypt's central bank kept its main interest rates unchanged at a policy meeting on Thursday but said it was keeping an eye on the risks to recovery posed by mounting concerns about the global economy and fears of a resurgence in European debt problems. Fri, 17 Oct 2014 04:22:51 GMT Reuters TR20141016nL6N0SB59SX2 Open Egyptian government approves plan to allow rice exports http://www.zawya.com/story/Egyptian_government_approves_plan_to_allow_rice_exports-TR20141016nL6N0SB1SFX2/ Egypt's government has approved plans to allow rice exports, the supplies minister said on Thursday in a move welcomed by traders but carrying terms which could hinder the return of the country's medium-grain rice to the international market. Thu, 16 Oct 2014 10:02:36 GMT Reuters TR20141016nL6N0SB1SFX2 Open WASMEs to build its MENA regional HQ in Egypt http://www.zawya.com/story/WASMEs_to_build_its_MENA_regional_HQ_in_Egypt-ZAWYA20141016063943/ The World Association for Small Medium Enterprises (WASME) will establish its Middle East Regional Office in Cairo, WASME's newly-named vice president Khaled Nagaty said. Thu, 16 Oct 2014 06:52:04 GMT Amwal Alghad ZAWYA20141016063943 Open Details of Egypt's USD6.5bn solar plant project to be announced next Sunday http://www.zawya.com/story/Details_of_Egypts_USD65bn_solar_plant_project_to_be_announced_next_Sunday-ZAWYA20141016061026/ Egypt will announce next Sunday the details of carrying out its USD 6.5 billion major solar plant project, an official told Amwal Al Ghad. Thu, 16 Oct 2014 06:32:13 GMT Amwal Alghad ZAWYA20141016061026 Open National Bank of Egypt's total contracts with SFD up EGP8.1bn http://www.zawya.com/story/National_Bank_of_Egypts_total_contracts_with_SFD_up_EGP81bn-ZAWYA20141016061608/ Vice President of National Bank of Egypt (NBE) Mahmoud Montasser said the total contracts of the bank with Social Fund for Development (SFD) reached EGP8.1 billion for 101 contracts that financed more than 140.000 projects. Thu, 16 Oct 2014 06:28:25 GMT Amwal Alghad ZAWYA20141016061608 Open Telecom Egypt cannot continue in market without mobile services: Minister http://www.zawya.com/story/Telecom_Egypt_cannot_continue_in_market_without_mobile_services_Minister-ZAWYA20141016061738/ Egypt's minister of communications Atef Helmy said that Telecom Egypt won't be able to continue successfully in the market without providing mobile services, AlSherouk reported. Thu, 16 Oct 2014 06:25:39 GMT Amwal Alghad ZAWYA20141016061738 Open Egypt agriculture poised for growth http://www.zawya.com/story/Egypt_agriculture_poised_for_growth-ZAWYA20141016041158/ There are two mains segments to agriculture in Egypt. The larger agribusiness operations growing produce on a large scale for export, domestic consumption or other usages. Thu, 16 Oct 2014 06:16:01 GMT The Saudi Gazette ZAWYA20141016041158 Open Petrojet completes digging of 3 million m3 of new Suez Canal http://www.zawya.com/story/Petrojet_completes_digging_of_3_million_m3_of_new_Suez_Canal-ZAWYA20141016054847/ Egypt's Petrojet has dug so far 3 million cubic metres of country's new Suez Canal project, the company's chairman Mohamed Shimy said. Thu, 16 Oct 2014 05:54:31 GMT Amwal Alghad ZAWYA20141016054847 Open NBE targets EGP16bn increase in SMEs portfolio by June 2015: VP http://www.zawya.com/story/NBE_targets_EGP16bn_increase_in_SMEs_portfolio_by_June_2015_VP-ZAWYA20141016054848/ Vice President of National Bank of Egypt (NBE) Mahmoud Montasser asserted that the bank is aiming to record EGP16 billion in SMEs portfolio by June 2015 in compared to EGP13 billion. Thu, 16 Oct 2014 05:53:42 GMT Amwal Alghad ZAWYA20141016054848 Open Egyptian government wants Etisalat to list http://www.zawya.com/story/Egyptian_government_wants_Etisalat_to_list-GN_16102014_161017/ The Egyptian government wants to see Etisalat Misr, the Egyptian unit of Abu Dhabi state-owned Etisalat, listed on the national exchange, said the country’s Minister of Communications and Information Technology. Thu, 16 Oct 2014 04:36:39 GMT Gulf News GN_16102014_161017 Open INTERVIEW-Apache expects higher gas prices in Egypt by year-end http://www.zawya.com/story/INTERVIEWApache_expects_higher_gas_prices_in_Egypt_by_yearend-ZAWYA20141015063243/ U.S. oil and gas producer Apache Corp, one of the largest foreign investors in Egypt, hopes to reach an agreement with Cairo on higher gas prices by the end of the year. Wed, 15 Oct 2014 06:39:54 GMT Reuters ZAWYA20141015063243 Subscription Egyptian Takaful Insurance to Distribute EGP11.4mn Dividends for Policyholders http://www.zawya.com/story/Egyptian_Takaful_Insurance_to_Distribute_EGP114mn_Dividends_for_Policyholders-ZAWYA20141015060548/ Egyptian Takaful Insurance- Properties' net profits reached EGP26 million in June 2014 in compared to EGP17 million profits in the last year, move up by 53% growth rates. Wed, 15 Oct 2014 06:23:02 GMT Amwal Alghad ZAWYA20141015060548 Open Egypt's Arab Contractors to deliver Towers Project in UAE by 2016 http://www.zawya.com/story/Egypts_Arab_Contractors_to_deliver_Towers_Project_in_UAE_by_2016-ZAWYA20141015060524/ Egyptian construction firm Arab Contractors says its first project in the UAE, worth USD 32 million, will be ready after a maximum of two years. Wed, 15 Oct 2014 06:19:49 GMT Amwal Alghad ZAWYA20141015060524 Open French-Egyptian investments to rise in 2015 - Ambassador http://www.zawya.com/story/FrenchEgyptian_investments_to_rise_in_2015__Ambassador-ZAWYA20141015055247/ Egypt's ambassador to France said on Tuesday the noticeable and gradual stability restored by the country will motivate investments by French companies. Wed, 15 Oct 2014 06:07:34 GMT Amwal Alghad ZAWYA20141015055247 Open EU raises cap for Egypt aid to EUR600m http://www.zawya.com/story/EU_raises_cap_for_Egypt_aid_to_EUR600m-ZAWYA20141015055103/ The European Union has raised the ceiling for financial aid to Egypt from 450 million euros to 600 million euros, which came during current talks to endorse the aid budget for the upcoming three years. Wed, 15 Oct 2014 06:06:48 GMT Amwal Alghad ZAWYA20141015055103 Open Citigroup to continue Egypt operations http://www.zawya.com/story/Citigroup_to_continue_Egypt_operations-GN_14102014_151023/ Citigroup on Tuesday announced that it intends to exit its consumer businesses in 11 markets. However the bank clarified that it has no intention to exit Egyptian operations. Wed, 15 Oct 2014 05:47:26 GMT Gulf News GN_14102014_151023 Open Egypt court signals death penalty for seven jihadists in Sinai case http://www.zawya.com/story/Egypt_court_signals_death_penalty_for_seven_jihadists_in_Sinai_case-TR20141014nL6N0S95GMX2/ An Egyptian court has recommended death sentences for seven men, including a prominent Islamist militant, charged with killing 25 policemen last year in an attack near the border with Israel, a judicial source said. Wed, 15 Oct 2014 04:50:59 GMT Reuters TR20141014nL6N0S95GMX2 Open MIDEAST STOCKS-Most markets fall as European rebound falters http://www.zawya.com/story/MIDEAST_STOCKSMost_markets_fall_as_European_rebound_falters-TR20141014nL6N0S92ODX2/ Most stock markets in the Middle East fell on Tuesday as European stocks, which had led them up in the previous session, changed direction and U.S. equities continued to decline. Tue, 14 Oct 2014 13:48:08 GMT Reuters TR20141014nL6N0S92ODX2 Subscription Desertec shareholders jump ship as solar project folds http://www.zawya.com/story/Desertec_shareholders_jump_ship_as_solar_project_folds-TR20141014nL6N0S535VX2/ An ambitious project to harness and export solar power generated in Middle East and African deserts has all but folded after the withdrawal of most of the Desertec Industrial Initiative's shareholders. Tue, 14 Oct 2014 12:20:40 GMT Reuters TR20141014nL6N0S535VX2 Open Egypt imposes temporary tariffs to protect steel industry http://www.zawya.com/story/Egypt_imposes_temporary_tariffs_to_protect_steel_industry-TR20141014nL6N0S92N0X2/ Egypt has imposed temporary tariffs to protect domestic steel rebar manufacturers from cheap foreign imports amid a long-running local energy crunch that has hit power-hungry heavy industry. Tue, 14 Oct 2014 11:03:13 GMT Reuters TR20141014nL6N0S92N0X2 Open Egypt Q4 GDP growth rate up to 3.7% as confidence returns http://www.zawya.com/story/Egypt_Q4_GDP_growth_rate_up_to_37_as_confidence_returns-TR20141013nL6N0S83S1X2/ Egypt's GDP growth rate rose in the fourth quarter to 3.7%, up from 2.5%, the government said on Monday, in the latest sign that confidence is returning to an economy battered by three years of political turmoil. Tue, 14 Oct 2014 04:02:19 GMT Reuters TR20141013nL6N0S83S1X2 Subscription At least 30 die in Egypt bus crash - security sources http://www.zawya.com/story/At_least_30_die_in_Egypt_bus_crash__security_sources-TR20141013nL6N0S80L6X2/ At least thirty people died in a bus crash in southern Egypt early on Monday. Mon, 13 Oct 2014 06:34:05 GMT Reuters TR20141013nL6N0S80L6X2 Open Dubai's Landmark Group to open 20 stores in Egypt http://www.zawya.com/story/Dubais_Landmark_Group_to_open_20_stores_in_Egypt-GN_12102014_131053/ Dubai-based Landmark Group is planning to open 20 stores in Egypt in the next 12 to 24 months, according to the group’s top executive. Mon, 13 Oct 2014 04:12:01 GMT Gulf News GN_12102014_131053 Open Egypt's Qalaa Holding expects return to profit by Q1 2016 http://www.zawya.com/story/Egypts_Qalaa_Holding_expects_return_to_profit_by_Q1_2016-ZAWYA20141012162545/ Egypt's Qalaa Holding expects to return to profit by early 2016 as it sells non-cash generating assets and consolidates its grip on key holdings in a turnaround plan aimed at ending years of losses. Sun, 12 Oct 2014 16:28:20 GMT Reuters ZAWYA20141012162545 Subscription Egypt's Sisi urges Israel to consider Arab peace initiative http://www.zawya.com/story/Egypts_Sisi_urges_Israel_to_consider_Arab_peace_initiative-TR20141012nL6N0S7087X2/ Egypt, which brokered a ceasefire between Israel and the Palestinians in Gaza after a 50-day war, used a reconstruction conference in Cairo on Sunday to call for a wider peace deal based on a 2002 Arab initiative. Sun, 12 Oct 2014 09:50:16 GMT Reuters TR20141012nL6N0S7087X2 Open Samsung Egypt eyes selling 11m phones, 65% market share this year http://www.zawya.com/story/Samsung_Egypt_eyes_selling_11m_phones_65_market_share_this_year-ZAWYA20141012052754/ An official source in Samsung said the total expected volume of smart phones market in Egypt in 2014 are around 17 million, so Samsung's stake ups around 65%. Sun, 12 Oct 2014 05:40:55 GMT Amwal Alghad ZAWYA20141012052754 Open Egypt has paid back USD500m to Qatar - central bank governor http://www.zawya.com/story/Egypt_has_paid_back_USD500m_to_Qatar__central_bank_governor-TR20141011nL6N0S606FX2/ Egypt has paid back USD 500 million to Qatar and will soon return the remainder of the money the Gulf state deposited into the Egyptian central bank after the 2011 revolution, the bank's governor said. Sat, 11 Oct 2014 09:15:21 GMT Reuters TR20141011nL6N0S606FX2 Open Egypt says kills top militant leader in Sinai http://www.zawya.com/story/Egypt_says_kills_top_militant_leader_in_Sinai-TR20141010nL6N0S54QGX2/ A top leader of Egypt's most active Islamist militant group Ansar Bayt al-Maqdis was killed on Friday by Egyptian soldiers in the lawless north of the Sinai Peninsula, a military spokesman said on Facebook. Sat, 11 Oct 2014 04:55:53 GMT Reuters TR20141010nL6N0S54QGX2 Open Misr Iran Bank's Investments in T-Bills Fell to EGP1.4bn in September http://www.zawya.com/story/Misr_Iran_Banks_Investments_in_TBills_Fell_to_EGP14bn_in_September-ZAWYA20141010040212/ Misr Iran Development Bank's investments fell to EGP200 million to register EGP1.4 billion in September in compared to EGOP1.6 billion in 2013. Fri, 10 Oct 2014 07:28:33 GMT Amwal Alghad ZAWYA20141010040212 Open Egyptian Saudi Insurance House contribute 10% in Egypt's SALAMA new firm http://www.zawya.com/story/Egyptian_Saudi_Insurance_House_contribute_10_in_Egypts_SALAMA_new_firm-ZAWYA20141010040309/ Egyptian Saudi Insurance House and Faisal Islamic Bank are planning to contribute in Salama Family Takaful Company (Life Insurance) in Egypt in which SALAMA - Islamic Arab Insurance Company a leading provider of direct Takaful companies in the United Arab Emirates requested to set up Salama Takaful in Egypt with EGP100 million capital. Fri, 10 Oct 2014 07:28:02 GMT Amwal Alghad ZAWYA20141010040309 Open Govt Collects EGP344mn to Establish 3 Industrial Complexes in kafr El-Sheikh http://www.zawya.com/story/Govt_Collects_EGP344mn_to_Establish_3_Industrial_Complexes_in_kafr_ElSheikh-ZAWYA20141010040425/ Egyptian Industry and Trade Ministry has collected around EGP344 million in order to implement 3 industrial complexes in different productive fields in Metoubes- kafr El-Sheikh Governorate of Egypt. Fri, 10 Oct 2014 07:27:03 GMT Amwal Alghad ZAWYA20141010040425 Open Fawry-Egypt to Operate 200 Developed Machines by 2014-End http://www.zawya.com/story/FawryEgypt_to_Operate_200_Developed_Machines_by_2014End-ZAWYA20141010040445/ Fawry Electronic payment Services is planning to launch and operate 200 developed machines for the most complicated services by the end of the current year. Fri, 10 Oct 2014 07:26:48 GMT Amwal Alghad ZAWYA20141010040445 Open Egypt to present "big" projects at March economic meet http://www.zawya.com/story/Egypt_to_present_big_projects_at_March_economic_meet-ZAWYA20141010052609/ Egypt intends to present major projects at an international economic summit to be held in its resort coastal town of Sharm El Sheikh in March, the chairman of the Arab country's general authority for investment said. Fri, 10 Oct 2014 05:41:28 GMT Emirates 24|7 ZAWYA20141010052609 Open Egypt consumer inflation falls to 11.1% in September http://www.zawya.com/story/Egypt_consumer_inflation_falls_to_111_in_September-TR20141009nL6N0S42ERX2/ Egypt's annual urban consumer inflation fell to 11.1% in September from 11.5% in August, CAPMAS, the official statistics agency, said. Thu, 09 Oct 2014 11:53:11 GMT Reuters TR20141009nL6N0S42ERX2 Open Poland lifts travel ban on its citizens to Egypt http://www.zawya.com/story/Poland_lifts_travel_ban_on_its_citizens_to_Egypt-ZAWYA20141009044858/ Poland has lifted travel ban on its citizens to Egyptian tourist resorts in Hurghada, Sharm El Sheikh, El Gouna, Safaga, Marsa Alam. Thu, 09 Oct 2014 06:04:49 GMT Amwal Alghad ZAWYA20141009044858 Open Egypt's Royal Insurance assigns Credit Agricole to receive its underwrite EGP50m http://www.zawya.com/story/Egypts_Royal_Insurance_assigns_Credit_Agricole_to_receive_its_underwrite_EGP50m-ZAWYA20141009044741/ The Deputy Managing Director Finance at Royal Insurance Company, Ahmed Hosny said Royal has contracted with Credit Agricole bank in order to receive underwrites with EGP50 million mutual fund capital. Thu, 09 Oct 2014 06:03:57 GMT Amwal Alghad ZAWYA20141009044741 Open C. Bank: EGP830bn total value of banks' securities in July 2014 http://www.zawya.com/story/C_Bank_EGP830bn_total_value_of_banks_securities_in_July_2014-ZAWYA20141009045755/ The total value of Egyptian banks' securities reached around EGP830 billion at the end of July 2014 including investments in stakes, treasury bonds and mutual fund policies compared to EGP825.5 billion at July 2013, move up by EGP4.5 billion according to the latest reports of Central Bank of Egypt (CBE). Thu, 09 Oct 2014 05:50:08 GMT Amwal Alghad ZAWYA20141009045755 Open NBE opens USD240m letters of credit to ship 2 million barrels of oil from Kuwait http://www.zawya.com/story/NBE_opens_USD240m_letters_of_credit_to_ship_2_million_barrels_of_oil_from_Kuwait-ZAWYA20141009050258/ National Bank of Egypt (NBE) has approved to open letters of credit worth USD 240 million in favor of Egyptian General Petroleum Corporation (EGPC) in order to import Kuwaiti oil shipment. Thu, 09 Oct 2014 05:49:03 GMT Amwal Alghad ZAWYA20141009050258 Open IMF cuts Middle East growth forecasts on global trends, unrest http://www.zawya.com/story/IMF_cuts_Middle_East_growth_forecasts_on_global_trends_unrest-TR20141008nL6N0S32YUX2/ The International Monetary Fund cut its economic growth forecasts for many countries in the Middle East, citing the impact of political unrest as well as a weaker global outlook. Wed, 08 Oct 2014 13:26:08 GMT Reuters TR20141008nL6N0S32YUX2 Subscription Egypt business activity grows at near-record pace in Sept - PMI http://www.zawya.com/story/Egypt_business_activity_grows_at_nearrecord_pace_in_Sept__PMI-ZAWYA20141007063216/ Business activity in Egypt expanded at a near-record pace in September, a survey showed on Tuesday, with a nascent economic recovery encouraging companies to hire for the first time in nearly 2-1/2 years. Tue, 07 Oct 2014 06:34:12 GMT Reuters ZAWYA20141007063216 Subscription MENA business leaders optimistic for 2015-labour market confidence index http://www.zawya.com/story/MENA_business_leaders_optimistic_for_2015labour_market_confidence_index-ZAWYA20141006081204/ The first MENA Labour Market Confidence Index shows that the majority of business leaders in the region are optimistic for 2015. Mon, 06 Oct 2014 08:52:00 GMT Press Release ZAWYA20141006081204 Open Egyptian police arrest militants accused of recruiting for Islamic State http://www.zawya.com/story/Egyptian_police_arrest_militants_accused_of_recruiting_for_Islamic_State-TR20141005nL6N0S00KFX2/ Egyptian police have arrested four Islamic militants accused of recruiting youths to fight for Islamic State, the Mena state news agency said. Mon, 06 Oct 2014 06:42:09 GMT Reuters TR20141005nL6N0S00KFX2 Open Record number of Syrians performing Haj this year http://www.zawya.com/story/Record_number_of_Syrians_performing_Haj_this_year-ZAWYA20141005030024/ The number of Arab pilgrims performing this year's haj stood at 265,217 pilgrims, with Egyptians topping the list. Sun, 05 Oct 2014 04:41:25 GMT Arab News ZAWYA20141005030024 Open Egypt army kills militant commander in Sinai -security sources http://www.zawya.com/story/Egypt_army_kills_militant_commander_in_Sinai_security_sources-TR20141002nL6N0RX3OPX2/ Egypt's army killed a field commander in Ansar Bayt al-Maqdis, the country's most dangerous Islamist militant group, during clashes on Thursday in the lawless north of the Sinai Peninsula, security sources said. Fri, 03 Oct 2014 10:24:04 GMT Reuters TR20141002nL6N0RX3OPX2 Open Ajwa Resumes Trading on EGX after Eid Holiday following 5-year Suspension http://www.zawya.com/story/Ajwa_Resumes_Trading_on_EGX_after_Eid_Holiday_following_5year_Suspension-ZAWYA20141003025605/ AJWA for Food Industries (AJWA) will resume trading following Eid Al-Adha holiday after the company sent its financial results for the previous years, chairman of the Egyptian stock exchange chairman Mohamed Omran said. Fri, 03 Oct 2014 07:07:29 GMT Amwal Alghad ZAWYA20141003025605 Open Egypt Imports 50.000 Tonnes of Turkish Steel with EGP240m This Month http://www.zawya.com/story/Egypt_Imports_50000_Tonnes_of_Turkish_Steel_with_EGP240m_This_Month-ZAWYA20141003025821/ Head of the building materials division at the Cairo Chamber of Commerce Ahmed El-Zeiny revealed that the traders completed to contract over importing around 50.000 tonnes of Turkish steel during this month with EGP240 million total investment cost. Fri, 03 Oct 2014 07:07:07 GMT Amwal Alghad ZAWYA20141003025821 Open Japan funds new terminal in Egypt's Borg Al Arab Airport http://www.zawya.com/story/Japan_funds_new_terminal_in_Egypts_Borg_Al_Arab_Airport-ZAWYA20141003025919/ Japan has signed Wednesday a soft loan deal worth EGP 1.2 billion (USD 167.7 million) to build a new passenger terminal in Borg Al-Arab Airport. Fri, 03 Oct 2014 07:06:20 GMT Amwal Alghad ZAWYA20141003025919 Open Egypt pays USD1.5bn to foreign energy companies - oil ministry http://www.zawya.com/story/Egypt_pays_USD15bn_to_foreign_energy_companies__oil_ministry-TR20141002nL6N0RX1JYX3/ Egypt has paid USD 1.5 billion of its debt to foreign energy companies, the oil ministry said. Thu, 02 Oct 2014 10:41:57 GMT Reuters TR20141002nL6N0RX1JYX3 Open No plans to cancel Ro-Ro Turkish navigation line with Egypt - Official http://www.zawya.com/story/No_plans_to_cancel_RoRo_Turkish_navigation_line_with_Egypt__Official-ZAWYA20141002062825/ Egypt has no plans to cancel its Ro-Ro (Roll-on/roll-off) navigational line with Turkey, said an official from the Egyptian government. Thu, 02 Oct 2014 08:28:56 GMT Amwal Alghad ZAWYA20141002062825 Open EXCLUSIVE-Egypt's Qalaa Holding eyes USD560m capital boost -sources http://www.zawya.com/story/EXCLUSIVEEgypts_Qalaa_Holding_eyes_USD560m_capital_boost_sources-ZAWYA20141002070508/ Egypt's Qalaa Holding is considering a share issue worth some 4 billion pounds (UDD560 million) as part of efforts to tighten control of its core investments and end years of losses, sources with knowledge of the deal said. Thu, 02 Oct 2014 07:23:28 GMT Reuters ZAWYA20141002070508 Subscription BP starts drilling Atoll-1 well offshore Egypt http://www.zawya.com/story/BP_starts_drilling_Atoll1_well_offshore_Egypt-ZAWYA20141002063139/ BP Egypt announced Tuesday the start of drilling the Atoll-1 well offshore Egypt. The deepwater exploration well is the second exploration well in the North Demietta Offshore concession after the Salamat-1 significant discovery announced by BP in 2013. Thu, 02 Oct 2014 06:51:43 GMT Amwal Alghad ZAWYA20141002063139 Open OTMT's CEO steps down, board OKs Abou Doma's appointment http://www.zawya.com/story/OTMTs_CEO_steps_down_board_OKs_Abou_Domas_appointment-ZAWYA20141002063120/ Orascom Telecom Media and Technology Holding (OTMT) announced on Wednesday that its chief executive officer Karim Beshara has submitted his resignation from his position as CEO and member of the board to the board of directors of the firm during a meeting held on September 30, 2014. Thu, 02 Oct 2014 06:51:19 GMT Amwal Alghad ZAWYA20141002063120 Open Egypt's budget deficit registers EGP252bn in FY13/14 http://www.zawya.com/story/Egypts_budget_deficit_registers_EGP252bn_in_FY1314-ZAWYA20141002062852/ Egyptian Finance Minister Hany Kadry said the total budget deficit ups 12.6% of the GDP registered EGP252 billion in the FY13/14 in compared to EGP240 billion in the last year FY12/13, Kadry explained. Thu, 02 Oct 2014 06:42:51 GMT Amwal Alghad ZAWYA20141002062852 Open Egyptian contractors firms bid for 3 housing cities project in Kuwait http://www.zawya.com/story/Egyptian_contractors_firms_bid_for_3_housing_cities_project_in_Kuwait-ZAWYA20141002062748/ Egyptian Federation for Construction & Building Contractors is planning to offer projects and establish 3 major residential cities in Kuwait inside the Egyptian Construction companies with USD 20 billion investment cost. Thu, 02 Oct 2014 06:32:08 GMT Amwal Alghad ZAWYA20141002062748 Open Turkey vows to fight Islamic State, coalition strikes near border http://www.zawya.com/story/Turkey_vows_to_fight_Islamic_State_coalition_strikes_near_border-TR20141001nL6N0RW2DXX4/ Turkey signaled it may send troops into Syria or Iraq and let allies use Turkish bases to fight Islamic State, as coalition jets launched air strikes on insurgents besieging a town on its southern border with Syria. Thu, 02 Oct 2014 03:44:02 GMT Reuters TR20141001nL6N0RW2DXX4 Open EFG Hermes to pay USD208m for 49% stake in wind power firm EDPR France http://www.zawya.com/story/EFG_Hermes_to_pay_USD208m_for_49_stake_in_wind_power_firm_EDPR_France-ZAWYA20141001101508/ Egypt's EFG Hermes Holdings said its private equity arm bought a 49 percent stake in wind power firm EDPR France for USD 208 million, according to a statement on Wednesday, its first investment outside the Middle East and Africa. Wed, 01 Oct 2014 10:21:36 GMT Reuters ZAWYA20141001101508 Subscription World Bank preps USD1bn financing strategy with Egypt http://www.zawya.com/story/World_Bank_preps_USD1bn_financing_strategy_with_Egypt-ZAWYA20141001055042/ The World Bank Group is preparing a four-year strategy to contribute to Egyptian projects, at an initial cost over USD 1 billion, an advisor to Egypt's transport minister said. Wed, 01 Oct 2014 07:18:53 GMT Amwal Alghad ZAWYA20141001055042 Open UAE-Al Dahra to Egypt's Mahlab 'We pumped EGP750m in Toshka Project' http://www.zawya.com/story/UAEAl_Dahra_to_Egypts_Mahlab_We_pumped_EGP750m_in_Toshka_Project-ZAWYA20141001055414/ Egyptian Prime Minister Ibrahim Mahlab has met on Tuesday Dr. Sultan Ahmed Al Jaber Minister of state in the United Arab Emirates and the officials of UAE-based Al Dahra Agriculture which has several various investment projects across Egypt. Wed, 01 Oct 2014 07:17:43 GMT Amwal Alghad ZAWYA20141001055414 Open East Delta Electricity Company studies 3 new funding bids http://www.zawya.com/story/East_Delta_Electricity_Company_studies_3_new_funding_bids-ZAWYA20141001055325/ East Delta Electricity Production Company (EDEPCO) is holding next month its annual meeting to discuss three offers to provide an EGP 725 million financing. Wed, 01 Oct 2014 07:16:35 GMT Amwal Alghad ZAWYA20141001055325 Open Tunisia asks for postponement to host Arab economic summit http://www.zawya.com/story/Tunisia_asks_for_postponement_to_host_Arab_economic_summit-ZAWYA20141001043158/ Tunisia asked the Arab League to postpone an Arab economic summit scheduled to be held in Tunis in January since it coincided with local election events. Wed, 01 Oct 2014 05:17:44 GMT Tunis-Afrique Presse ZAWYA20141001043158 Open UAE's Dana Gas signs deal to recover USD280m owed by Egypt http://www.zawya.com/story/UAEs_Dana_Gas_signs_deal_to_recover_USD280m_owed_by_Egypt-TR20140930nL6N0RV3JQX2/ The UAE's Dana Gas has signed a revised deal with Egypt that will help it to recover most of the USD 280 million it is owed by the government for exploration and production assets in the country. Wed, 01 Oct 2014 03:44:06 GMT Reuters TR20140930nL6N0RV3JQX2 Subscription UAE firm signs deal to build Egypt's first coal-fired power plant http://www.zawya.com/story/UAE_firm_signs_deal_to_build_Egypts_first_coalfired_power_plant-TR20140930nL6N0RV3FIX2/ Abu Dhabi-based Al Nowais Investments is leading a consortium to build Egypt's first coal-fired power plant in the Suez area to meet the country's acute power shortage. Wed, 01 Oct 2014 03:39:58 GMT Reuters TR20140930nL6N0RV3FIX2 Subscription Egypt aims to pay USD2bn to USD3bn of debt to oil firms by end of 2014 -minister http://www.zawya.com/story/Egypt_aims_to_pay_USD2bn_to_USD3bn_of_debt_to_oil_firms_by_end_of_2014_minister-TR20140930nL6N0RV2PIX2/ Egypt aims to pay back USD 2 billion to USD 3 billion it owes to oil and gas companies by the end of the year, the oil minister said on Tuesday, as the government tries to spur new investment to boost supplies. Tue, 30 Sep 2014 12:16:31 GMT Reuters TR20140930nL6N0RV2PIX2 Open Egyptian court jails 68 Muslim Brotherhood supporters http://www.zawya.com/story/Egyptian_court_jails_68_Muslim_Brotherhood_supporters-TR20140930nL6N0RV2DUX2/ An Egyptian court sentenced 68 Muslim Brotherhood supporters to jail terms on Tuesday, judicial sources said, in a case related to deadly violence a year ago. Tue, 30 Sep 2014 10:55:43 GMT Reuters TR20140930nL6N0RV2DUX2 Open