Zawya.com - Egypt Top Stories http://www.zawya.com/top-stories/rss/egypt/ en-us Copyright 2014 Zawya Ltd. All rights reserved. Sat, 19 Apr 2014 09:23:48 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 Egyptian leftist politician submits bid to run for president http://www.zawya.com/story/Egyptian_leftist_politician_submits_bid_to_run_for_president-TR20140419nL6N0NB03V2/ Leftist politician Hamdeen Sabahi officially submitted his bid on Saturday to run for Egypt's presidency, making him the second candidate for next month's election alongside former army-chief Abdel Fattah al-Sisi who is widely expected to win. Sat, 19 Apr 2014 10:14:52 GMT Reuters TR20140419nL6N0NB03V2 Open Bomb blast in Cairo kills police officer -Egyptian state media http://www.zawya.com/story/Bomb_blast_in_Cairo_kills_police_officer_Egyptian_state_media-TR20140418nL6N0NA1VZ6/ A bomb exploded in a Cairo square late on Friday, killing one police officer and wounding another, the Egyptian state newspaper Al Ahram reported on its website. Sat, 19 Apr 2014 07:01:33 GMT Reuters TR20140418nL6N0NA1VZ6 Open NUCA extends SODIC's project deadline on two land plots http://www.zawya.com/story/NUCA_extends_SODICs_project_deadline_on_two_land_plots-ZAWYA20140418055156/ Six of October Development & Investment (SODIC)announced that the state-owned New Urban Communities Authority (NUCA) has extended the deadline on the time frame to execute the projects of two land plots in Sheikh Zayed City by one year. Fri, 18 Apr 2014 08:45:26 GMT Amwal Alghad ZAWYA20140418055156 Open Central Auditing Agency to adopt IDWBE's budget of 2010 by May http://www.zawya.com/story/Central_Auditing_Agency_to_adopt_IDWBEs_budget_of_2010_by_May-ZAWYA20140418054854/ Senior sources have informed Amwal Al Ghad that 'Industrial Development and Worker's Bank of Egypt' (IDWBE) reached to final agreement with the Central Auditing Agency (CAA) to approve its budget of 2010 by May, this after rejecting the adoption more than once as there is a gap in the bank's allocations. Fri, 18 Apr 2014 07:25:05 GMT Amwal Alghad ZAWYA20140418054854 Open C. Bank raises its last FX auction of USD40m for this week http://www.zawya.com/story/C_Bank_raises_its_last_FX_auction_of_USD40m_for_this_week-ZAWYA20140418054940/ The Central Bank of Egypt (CBE) has offered its last foreign exchange auction for this week totaled USD 40 million for local banks. Fri, 18 Apr 2014 07:23:42 GMT Amwal Alghad ZAWYA20140418054940 Open CBE grants Bank Audi Egypt 'mobile payment' licence - sources http://www.zawya.com/story/CBE_grants_Bank_Audi_Egypt_mobile_payment_licence__sources-ZAWYA20140418055034/ Bank Audi S.A.E. is now licenced to offer its clients in Egypt the mobile payment services, according to banking sources spoke to Amwal Al Ghad. Fri, 18 Apr 2014 07:21:36 GMT Amwal Alghad ZAWYA20140418055034 Open Arab Investment Bank mulls arranging EGP1bn syndicated loan http://www.zawya.com/story/Arab_Investment_Bank_mulls_arranging_EGP1bn_syndicated_loan-ZAWYA20140418055002/ Arab Investment Bank of Egypt (AIB) is considering to arrange an EGP one billion syndicated loan in favour of tourism and contracting sectors. Fri, 18 Apr 2014 07:19:01 GMT Amwal Alghad ZAWYA20140418055002 Open Egypt's Ministry to announce new system for industrial areas within days http://www.zawya.com/story/Egypts_Ministry_to_announce_new_system_for_industrial_areas_within_days-ZAWYA20140418055349/ The Egyptian Investment and Industry and Trade Ministry will about to announce for its new system regarding identifying the mechanism of dealing with the industrial areas whether concerning the allocation procedures or the pricing within the coming few days, Mounir Fakhry Adel Nour, the Minister asserted. Fri, 18 Apr 2014 07:16:56 GMT Amwal Alghad ZAWYA20140418055349 Open UAE, Egypt ink EGP250m pact for training, qualifying the youth http://www.zawya.com/story/UAE_Egypt_ink_EGP250m_pact_for_training_qualifying_the_youth-ZAWYA20140418055419/ Egypt and the United Arab Emirates has signed a executive agreement to initiate the training for employment project to train more than 100,000 youth and qualify them to use the latest technical programs according to the needs and requirement of the different industrial sectors to get them into the job market and provide decent job. Fri, 18 Apr 2014 07:14:02 GMT Amwal Alghad ZAWYA20140418055419 Open Egypt halts screening of controversial film http://www.zawya.com/story/Egypt_halts_screening_of_controversial_film-GN_17042014_180411/ Egyptian Prime Minister Ebrahim Mahlab has ordered suspending the screening of the controversial film Halawet Ruh (The Sweetness of Ruh) after it had been scathingly assailed for alleged immorality, local media reported. Fri, 18 Apr 2014 06:10:49 GMT Gulf News GN_17042014_180411 Open Ministries of housing and supply cooperate on development of services In new cities http://www.zawya.com/story/Ministries_of_housing_and_supply_cooperate_on_development_of_services_In_new_cities-ZAWYA20140417105223/ Following a meeting between Minister of Housing, Utilities and Urban Development Mostafa Madbouly and Minister of Supply Khaled Hanafy, the two ministries announced their cooperation to establish markets, trade complexes, logistics areas and factory outlets in new cities. Thu, 17 Apr 2014 11:31:47 GMT Amwal Alghad ZAWYA20140417105223 Open Egyptian court jails 119 Mursi supporters http://www.zawya.com/story/Egyptian_court_jails_119_Mursi_supporters-TR20140416nL6N0N83773/ An Egyptian court sentenced 119 supporters of the Muslim Brotherhood of former president Mohamed Mursi to three years each in prison on Wednesday in connection with protests last October against his overthrow, judicial sources said. Wed, 16 Apr 2014 14:13:13 GMT Reuters TR20140416nL6N0N83773 Open Former Egypt finmin released hours after arrest in France-source http://www.zawya.com/story/Former_Egypt_finmin_released_hours_after_arrest_in_Francesource-TR20140416nL6N0N82272/ Former Egyptian finance minister Youssef Boutros Ghali was released following his arrest in Paris on an international warrant over corruption charges from his time in Hosni Mubarak's government, a judicial source said on Wednesday. Wed, 16 Apr 2014 09:30:03 GMT Reuters TR20140416nL6N0N82272 Open Faisal Islamic Bank Opens New Subsidiary in Shoubra Misr this Month http://www.zawya.com/story/Faisal_Islamic_Bank_Opens_New_Subsidiary_in_Shoubra_Misr_this_Month-ZAWYA20140415074237/ Faisal Islamic Bank of Egypt is targeting to inaugurate new subsidiary in Shoubra Misr within the current month, becoming 31 branches. Wed, 16 Apr 2014 09:02:48 GMT Amwal Alghad ZAWYA20140415074237 Open Egypt's tourism revenue drops by 43% in Q1- official http://www.zawya.com/story/Egypts_tourism_revenue_drops_by_43_in_Q1_official-TR20140416nL6N0N81ZK2/ Egypt's tourism revenues dropped 43% in the first quarter of 2014 to $1.3 billion, Adela Ragab, the country's economic adviser to the Minister of Tourism, told Reuters on Wednesday. Wed, 16 Apr 2014 08:56:56 GMT Reuters TR20140416nL6N0N81ZK2 Open PM lays foundation stone for Porto Dead Sea http://www.zawya.com/story/PM_lays_foundation_stone_for_Porto_Dead_Sea-ZAWYA20140415082745/ An Egyptian investor has picked a mountainside overlooking the Dead Sea as the site for one of the largest tourism and entertainment projects in the region. Wed, 16 Apr 2014 06:22:17 GMT Jordan Times ZAWYA20140415082745 Open France arrests former Egyptian finance minister on Interpol warrant http://www.zawya.com/story/France_arrests_former_Egyptian_finance_minister_on_Interpol_warrant-TR20140415nL6N0N74HV2/ Former Egyptian finance minister Youssef Boutros Ghali was arrested in France this week on an international warrant over corruption charges from his time in Hosni Mubarak's government, the French foreign ministry said. Wed, 16 Apr 2014 06:08:58 GMT Reuters TR20140415nL6N0N74HV2 Open Car demand strongest in UAE, Middle East http://www.zawya.com/story/Car_demand_strongest_in_UAE_Middle_East-GN_15042014_160447/ Car sales in the UAE and the rest of the Middle East, Africa and Pakistan (MEAP) region are likely to get a major boost in the next two years, when nearly eight out of every 10 people will buy a new or pre-owned vehicle, a new survey suggests. Wed, 16 Apr 2014 04:23:02 GMT Gulf News GN_15042014_160447 Open Egypt's SODIC settles with government over Eastown project http://www.zawya.com/story/Egypts_SODIC_settles_with_government_over_Eastown_project-TR20140415nL6N0N72IE2/ Property developer SODIC OCDI.CA has signed a dispute settlement with Egypt's government, agreeing to pay 900 million Egyptian pounds (USD129 million) over seven years after a revaluation of its Eastown scheme in Cairo, the company said on Tuesday. Tue, 15 Apr 2014 11:18:27 GMT Reuters TR20140415nL6N0N72IE2 Open Arab bank union eyes SME fund http://www.zawya.com/story/Arab_bank_union_eyes_SME_fund-ZAWYA20140415085759/ In an interview with Zawya, the secretary general of the Union of Arab Banks discusses plans to secure more financing for the SME sector and to grant the Arab banking sector more global recognition. Tue, 15 Apr 2014 09:03:49 GMT Zawya ZAWYA20140415085759 Open Egypt limits air conditioning in mosques as power shortages worsen http://www.zawya.com/story/Egypt_limits_air_conditioning_in_mosques_as_power_shortages_worsen-TR20140415nL6N0N71JM2/ Egypt, facing the worst energy shortages for years, has set limits for electricity use at mosques as part of government efforts to ease the impact of power cuts already affecting homes and factories. Tue, 15 Apr 2014 08:27:24 GMT Reuters TR20140415nL6N0N71JM2 Open Bomb wounds two policemen in Cairo http://www.zawya.com/story/Bomb_wounds_two_policemen_in_Cairo-TR20140415nL6N0N712E2/ A bomb attack wounded two policemen in central Cairo on Tuesday, state television reported. Tue, 15 Apr 2014 06:34:49 GMT Reuters TR20140415nL6N0N712E2 Open Blast heard in central Cairo http://www.zawya.com/story/Blast_heard_in_central_Cairo-TR20140415nL6N0N70YM2/ A blast was heard in central Cairo on Tuesday, Reuters witnesses said. Tue, 15 Apr 2014 06:13:58 GMT Reuters TR20140415nL6N0N70YM2 Open Former Egyptian finance minister detained in France - report http://www.zawya.com/story/Former_Egyptian_finance_minister_detained_in_France__report-TR20140414nL6N0N64EG2/ Former Egyptian finance minister Youssef Boutros Ghali was detained in Paris on Monday on an international warrant over corruption charges relating to his time in former President Hosni Mubarak's government, the state news agency reported. Tue, 15 Apr 2014 02:59:47 GMT Reuters TR20140414nL6N0N64EG2 Open Egypt battles energy crunch with ban on too-cold air conditioners http://www.zawya.com/story/Egypt_battles_energy_crunch_with_ban_on_toocold_air_conditioners-TR20140414nL6N0N62EH2/ Egypt, grappling with an energy crunch, will enforce a ban on the production and import of air conditioners that can be set lower than 20 degrees Celsius, aiming to reassure citizens and industry hit with power cuts and fuel shortages. Mon, 14 Apr 2014 12:08:34 GMT Reuters TR20140414nL6N0N62EH2 Open Faisal Islamic Bank: GCC helped regulate Egypt's exchange market http://www.zawya.com/story/Faisal_Islamic_Bank_GCC_helped_regulate_Egypts_exchange_market-ZAWYA20140414073930/ Gulf aid packages to Egypt have contributed to secure fuel, regulate its foreign exchange market, and enhance foreign reserves, according to Governor of Faisal Islamic Bank of Egypt. Mon, 14 Apr 2014 11:26:08 GMT Amwal Alghad ZAWYA20140414073930 Open NBE Mulls EGP500m financing package for contracting firms http://www.zawya.com/story/NBE_Mulls_EGP500m_financing_package_for_contracting_firms-ZAWYA20140413035529/ The state-owned National Bank of Egypt is considering an EGP500 million (USD71.7 million) package of credit facilities to go for three Egyptian contracting firms within the current phase. Mon, 14 Apr 2014 11:25:09 GMT Amwal Alghad ZAWYA20140413035529 Open EALB Inks protocol with Marsa Abu Dhabi for marketing its assets http://www.zawya.com/story/EALB_Inks_protocol_with_Marsa_Abu_Dhabi_for_marketing_its_assets-ZAWYA20140413035550/ Egyptian Arab Land Bank(EALB) signed protocol with Marsa Abu Dhabi Properties company in the last week in order to marketing the bank's assets in Gulf countries. Mon, 14 Apr 2014 11:23:23 GMT Amwal Alghad ZAWYA20140413035550 Open Sawiris considers USD2bn investment in Telecom Italia -source http://www.zawya.com/story/Sawiris_considers_USD2bn_investment_in_Telecom_Italia_source-TR20140414nL6N0N61BY2/ Egyptian billionaire Naguib Sawiris wants to invest up to USD 2 billion in Telecom Italia if its biggest shareholder Telefonica pulls out of the Italian group, a source familiar with the matter said on Monday. Mon, 14 Apr 2014 09:48:11 GMT Reuters TR20140414nL6N0N61BY2 Open Egypt arrests alleged "terrorist" who fought in Syria http://www.zawya.com/story/Egypt_arrests_alleged_terrorist_who_fought_in_Syria-TR20140413nL3N0N505K2/ Egypt has arrested a veteran of the Syrian civil war on suspicion of planning terrorist acts inside Egypt, the state news agency reported on Sunday. Sun, 13 Apr 2014 10:49:06 GMT Reuters TR20140413nL3N0N505K2 Open Sawiris says ready to invest USD1-2bn in Telecom Italia-paper http://www.zawya.com/story/Sawiris_says_ready_to_invest_USD12bn_in_Telecom_Italiapaper-TR20140413nL6N0N506O2/ Egyptian billionaire Naguib Sawiris is ready to invest USD 1 to USD 2 billion in Telecom Italia if its biggest shareholder Telefonica TEF.MC pulled out from the Italian phone group. Sun, 13 Apr 2014 10:46:12 GMT Reuters TR20140413nL6N0N506O2 Open Egypt to introduce smart card for subsidised bread by July http://www.zawya.com/story/Egypt_to_introduce_smart_card_for_subsidised_bread_by_July-TR20140413nL6N0N506T2/ Egypt will introduce a smart card system for subsidised bread nationwide by July, in an attempt to curb corruption and smuggling, Supplies Minister Khaled Hanafi said on Sunday. Sun, 13 Apr 2014 09:49:31 GMT Reuters TR20140413nL6N0N506T2 Open Jordan, Egypt, Iraq discuss railway link project http://www.zawya.com/story/Jordan_Egypt_Iraq_discuss_railway_link_project-ZAWYA20140413034530/ Prime minister Abdullah Ensour on Saturday met with Egyptian minister of Transport, Ibrahim Demeiri, and Undersecretary of the Iraqi ministry of transport, Salman Jassim, and discussed the railway project linking the three countries. Sun, 13 Apr 2014 05:32:50 GMT Jordan News Agency - Petra ZAWYA20140413034530 Open Smart Village-Egypt Co reviews RFP to build new hotel by 2014-end http://www.zawya.com/story/Smart_VillageEgypt_Co_reviews_RFP_to_build_new_hotel_by_2014end-ZAWYA20140411063940/ Smart Villages Development & Management Company (SVD) is planning reviewing the RFP and the descriptions of establishing the new hotel of the current headquarters by the end of the next year on area of 12.000 meters. Fri, 11 Apr 2014 10:08:30 GMT Amwal Alghad ZAWYA20140411063940 Open Egypt's main index ends week 1.7% up, nears 7900 http://www.zawya.com/story/Egypts_main_index_ends_week_17_up_nears_7900-ZAWYA20140411063726/ Egypt's stocks ended this week higher with gains totalling 6 billion Egyptian pounds bolstered by non-Arab foreign buying appetite. Accordingly, the main stock index, EGX30 finish this week 1.7% up to near 7900 points. Fri, 11 Apr 2014 10:07:19 GMT Amwal Alghad ZAWYA20140411063726 Open Coldwell Banker eyes EGP1.5bn sales in Egypt this year http://www.zawya.com/story/Coldwell_Banker_eyes_EGP15bn_sales_in_Egypt_this_year-ZAWYA20140411063623/ International real estate agent Coldwell Banker plans within this year marketing housing units totalling EGP 1.5 billion in Egypt, versus EGP 1.040 billion marketed last year. Fri, 11 Apr 2014 10:01:45 GMT Amwal Alghad ZAWYA20140411063623 Open High-Speed Rail Linking Cairo and Alexandria Effective at 2017-end: Minister http://www.zawya.com/story/HighSpeed_Rail_Linking_Cairo_and_Alexandria_Effective_at_2017end_Minister-ZAWYA20140411063910/ Egypt plans to complete the first stage of a high-speed passenger rail project extending between Alexandria and Giza by the end of 2017, Transport Minister said. Fri, 11 Apr 2014 10:00:21 GMT Amwal Alghad ZAWYA20140411063910 Open Egyptian approves draft law barring challenges to contracts http://www.zawya.com/story/Egyptian_approves_draft_law_barring_challenges_to_contracts-TR20140410nL6N0N24AM3/ Egypt's cabinet approved a draft investment law that prevents third parties from challenging contracts made between the government and an investor, two government officials said, a move that could boost the struggling economy. Fri, 11 Apr 2014 04:28:11 GMT Reuters TR20140410nL6N0N24AM3 Open Egypt sets aside USD1.4bn to buy domestic wheat -minister http://www.zawya.com/story/Egypt_sets_aside_USD14bn_to_buy_domestic_wheat_minister-TR20140410nL6N0N23BJ2/ The Egyptian government has set aside "around 10 billion Egyptian pounds" (USD1.4 billion) to buy wheat from local farmers, the Supplies Minister said, as the world's top wheat importer aims to encourage domestic output and reduce its import bill. Thu, 10 Apr 2014 16:25:09 GMT Reuters TR20140410nL6N0N23BJ2 Open Egypt woman professor targets young in bid to save Brotherhood http://www.zawya.com/story/Egypt_woman_professor_targets_young_in_bid_to_save_Brotherhood-TR20140410nL3N0N13U22/ With a spare bed always ready for friends on the run, Wafaa Hefny is not your average English literature professor. Thu, 10 Apr 2014 13:13:40 GMT Reuters TR20140410nL3N0N13U22 Open Egypt steps up campaign to control mosques http://www.zawya.com/story/Egypt_steps_up_campaign_to_control_mosques-TR20140410nL6N0N22CZ2/ The Egyptian government has stepped up a campaign to curb Muslim Brotherhood influence over mosques, saying it has licensed more than 17,000 state-approved clerics to give Friday sermons to stop places of worship falling "into the hands of extremists". Thu, 10 Apr 2014 11:12:40 GMT Reuters TR20140410nL6N0N22CZ2 Open IMF: Egypt economic growth to remain slow http://www.zawya.com/story/IMF_Egypt_economic_growth_to_remain_slow-ZAWYA20140410064404/ Growth in Egypt's economy is expected to remain sluggish this year as political uncertainty keeps tourists and foreign investors away, the International Monetary Fund said Tuesday. Thu, 10 Apr 2014 07:04:18 GMT Amwal Alghad ZAWYA20140410064404 Open Egypt economic growth seen at 4.1% in 2015 - IMF http://www.zawya.com/story/Egypt_economic_growth_seen_at_41_in_2015__IMF-ZAWYA20140410064256/ The International Monetary Fund (IMF) expected Egypt's economy to grow by 2.3% and 4.1% in 2014 and 2015 respectively, according to the official website of the Egyptian Ministry of Planning and International Cooperation. Thu, 10 Apr 2014 07:02:57 GMT Amwal Alghad ZAWYA20140410064256 Open C.Bank offers USD40m FX auction for local banks today http://www.zawya.com/story/CBank_offers_USD40m_FX_auction_for_local_banks_today-ZAWYA20140410064319/ The Central Bank of Egypt (CBE) has offered today its second foreign exchange auction for this week totaled USD 40 million for local banks. Thu, 10 Apr 2014 07:02:08 GMT Amwal Alghad ZAWYA20140410064319 Open Egypt urban annual inflation steady at 9.8% in March vs Feb http://www.zawya.com/story/Egypt_urban_annual_inflation_steady_at_98_in_March_vs_Feb-TR20140410nC6N0MS00O3/ Egypt's annual urban consumer inflation rate stood at 9.8% in March, unchanged from February, the country's official statistics agency CAPMAS said on Thursday. Thu, 10 Apr 2014 06:14:57 GMT Reuters TR20140410nC6N0MS00O3 Open Egypt to announce steps on subsidy reform before next month's election - minister http://www.zawya.com/story/Egypt_to_announce_steps_on_subsidy_reform_before_next_months_election__minister-TR20140409nL6N0N14823/ Egypt will announce major steps towards subsidy reform ahead of next month's presidential election, the country's minister of planning said on Wednesday. Wed, 09 Apr 2014 15:42:01 GMT Reuters TR20140409nL6N0N14823 Open Egypt arrests journalist said to work for Al Jazeera - agency http://www.zawya.com/story/Egypt_arrests_journalist_said_to_work_for_Al_Jazeera__agency-TR20140409nL6N0N12WN2/ Egyptian security forces have arrested a man who worked for Qatar's Al Jazeera television network and accused him of inciting and taking part in violence, the state news agency MENA said on Wednesday. Wed, 09 Apr 2014 12:42:33 GMT Reuters TR20140409nL6N0N12WN2 Open NBE boosts small business lending http://www.zawya.com/story/NBE_boosts_small_business_lending-ZAWYA20140409110235/ National Bank of Egypt (NBE) aims to increase loans to small and medium enterprises (SMEs) by 26% this year to support growth of this segment in the Egyptian market, Chairman Hisham Ahmed Okasha told Zawya in an interview. Wed, 09 Apr 2014 11:48:48 GMT Zawya BusinessPulse ZAWYA20140409110235 Open EXCLUSIVE - Emaar Misr weighs finance options http://www.zawya.com/story/EXCLUSIVE__Emaar_Misr_weighs_finance_options-ZAWYA20140409062026/ Emaar Misr for Development is looking at financing options to develop projects in Egypt, including Islamic bonds (sukuk) and an initial public offering, a senior company official told Zawya. Wed, 09 Apr 2014 08:51:28 GMT Zawya ZAWYA20140409062026 Open Gold production down 14% at Centamin's Sukari mine http://www.zawya.com/story/Gold_production_down_14_at_Centamins_Sukari_mine-TR20140409nL6N0N11532/ Gold production at Centamin's Sakuri mine in Egypt fell 14 percent year on year in the first quarter to 74,241 ounces, but the company said its full-year production target would not be affected. Wed, 09 Apr 2014 06:48:22 GMT Reuters TR20140409nL6N0N11532 Open Egypt to lease farmland to Arab investment firm http://www.zawya.com/story/Egypt_to_lease_farmland_to_Arab_investment_firm-TR20140408nL6N0N025T2/ Egypt plans to lease 60,000 feddans (25,200 hectares) of agricultural land this year to a firm affiliated with an Arab investment body, its agriculture minister said, in a bid to attract more investment from its Gulf allies. Tue, 08 Apr 2014 15:23:59 GMT Reuters TR20140408nL6N0N025T2 Open Aqarmap.Com says demand on housing increased by 17% in Feb http://www.zawya.com/story/AqarmapCom_says_demand_on_housing_increased_by_17_in_Feb-ZAWYA20140408075609/ Egypt's Political stability within the early of 2014 contributed in boosting the deferred demand for residential units over the past years, as the indexes of demand on real estate increased by 17% within last February, Amad Almsaodi, CEO of Aqarmap.com said. Tue, 08 Apr 2014 12:17:46 GMT Amwal Alghad ZAWYA20140408075609 Open Prices of Egypt housing units likely to soar by 30% in 2 years http://www.zawya.com/story/Prices_of_Egypt_housing_units_likely_to_soar_by_30_in_2_years-ZAWYA20140408075716/ Tarek Shoukry, CEO of Arabia Group for Real-Estate Development & Urban Progress expected that the residential units will by increased by 30% within the upcoming two years as results of the higher prices of constructions. Tue, 08 Apr 2014 12:16:51 GMT Amwal Alghad ZAWYA20140408075716 Open New amendments to support Egypt's property sector within 2 months - minister http://www.zawya.com/story/New_amendments_to_support_Egypts_property_sector_within_2_months__minister-ZAWYA20140408075806/ The new legislative amendments to support Egypt's real estate sector will be finalized within 2 months from now, according to housing minister. Tue, 08 Apr 2014 12:15:53 GMT Amwal Alghad ZAWYA20140408075806 Open Egypt's housing eyes finalizing settlement cases with all investors http://www.zawya.com/story/Egypts_housing_eyes_finalizing_settlement_cases_with_all_investors-ZAWYA20140408075832/ Egypt's housing ministry is aiming to finalize all the unsettled cases with all investors, minister Moustafa Madbouly said on Monday. Tue, 08 Apr 2014 12:14:09 GMT Amwal Alghad ZAWYA20140408075832 Open Kuwait boosts oil and diesel supplies to Egypt http://www.zawya.com/story/Kuwait_boosts_oil_and_diesel_supplies_to_Egypt-TR20140408nL6N0N017Q3/ Kuwait will boost its supply of crude oil to Egypt by nearly a third and increase shipments of petroleum products in a deal the Gulf state's oil minister said was an obligation to help Cairo through its problems. Tue, 08 Apr 2014 11:31:35 GMT Reuters TR20140408nL6N0N017Q3 Open Egypt sticks to tough standards for wheat imports http://www.zawya.com/story/Egypt_sticks_to_tough_standards_for_wheat_imports-TR20140408nL6N0N00U22/ Egypt is committed to keeping tough specifications on wheat imports, Supplies Minister Khaled Hanafi said on Tuesday, giving no sign the world's top wheat importer will bow to lobbying by French exporters for easier standards. Tue, 08 Apr 2014 10:46:37 GMT Reuters TR20140408nL6N0N00U22 Open Egypt court upholds jailing of leading pro-democracy activists http://www.zawya.com/story/Egypt_court_upholds_jailing_of_leading_prodemocracy_activists-TR20140407nL6N0MZ24H5/ An Egyptian appeals court on Monday upheld the jailing of three leading figures of the 2011 pro-democracy uprising, tightening a crackdown on secular activists opposed to the army-backed government. Tue, 08 Apr 2014 05:03:21 GMT Reuters TR20140407nL6N0MZ24H5 Open Egypt court upholds jailing of leading pro-democracy activists http://www.zawya.com/story/Egypt_court_upholds_jailing_of_leading_prodemocracy_activists-TR20140407nL6N0MZ24H3/ An Egyptian appeals court on Monday upheld the jailing of three leading figures of the 2011 pro-democracy uprising, tightening a crackdown on secular activists opposed to the army-backed government. Mon, 07 Apr 2014 11:56:52 GMT Reuters TR20140407nL6N0MZ24H3 Open Kuwait in talks to renew contracts on supplying oil to Egypt http://www.zawya.com/story/Kuwait_in_talks_to_renew_contracts_on_supplying_oil_to_Egypt-TR20140407nL6N0MZ1UU2/ Kuwait is in talks to renew some of its contracts to supply oil to Egypt and has been looking for potential investments in the energy sector there, the Gulf state's oil minister said on Monday. Mon, 07 Apr 2014 11:04:59 GMT Reuters TR20140407nL6N0MZ1UU2 Open Egypt: Editor resigns over reporter slaying http://www.zawya.com/story/Egypt_Editor_resigns_over_reporter_slaying-GN_06042014_070402/ An editor of an Egyptian newspaper has resigned in protest against the killing of a reporter during clashes between police and backers of the ousted Islamist president Mohammad Mursi. Mon, 07 Apr 2014 04:28:00 GMT Gulf News GN_06042014_070402 Open Arab countries face population growth challenges - OAPEC http://www.zawya.com/story/Arab_countries_face_population_growth_challenges__OAPEC-WAM20140406150659299/ Arab countries are facing real challenges, primarily population growth, in the field of human development, according to a recent report of the Organization of Arab Petroleum Exporting Countries(OAPEC). Mon, 07 Apr 2014 04:26:47 GMT WAM (Emirates News Agency) WAM20140406150659299 Open Two killed as Egyptian tribal clash resumes http://www.zawya.com/story/Two_killed_as_Egyptian_tribal_clash_resumes-TR20140406nL6N0MY0JT3/ Two people were killed on Sunday when tribal clashes flared for a third day in the southern city of Aswan, security sources said. Mon, 07 Apr 2014 02:27:11 GMT Reuters TR20140406nL6N0MY0JT3 Open Egyptian law shielding state deals set to go to cabinet - minister http://www.zawya.com/story/Egyptian_law_shielding_state_deals_set_to_go_to_cabinet__minister-TR20140406nL6N0MY0IL2/ A law banning third-party challenges to contracts signed by the Egyptian government will be sent to the cabinet by next week, trade and investment minister Mounir Fakhry Abdel Nour said on Sunday. Sun, 06 Apr 2014 14:19:45 GMT Reuters TR20140406nL6N0MY0IL2 Open Egypt inks USD800 million MoU with China for railway project http://www.zawya.com/story/Egypt_inks_USD800_million_MoU_with_China_for_railway_project-ZAWYA20140406105401/ Egypt's ministry of transportation signed on Thursday a Memorandum of Understanding (MOU) with the Chinese government to cooperate on a new USD800 million railway project, the first in Egypt to employ an electric traction system. Sun, 06 Apr 2014 12:21:58 GMT Amwal Alghad ZAWYA20140406105401 Open Egypt: presidential decree to regulate EGX listing commission fees http://www.zawya.com/story/Egypt_presidential_decree_to_regulate_EGX_listing_commission_fees-ZAWYA20140406105752/ Egypt's Interim president Adly Mansour, enacted on Saturday a decree to amend some of Capital Market regulations, substituting Article No. 24 of Capital Market law No. 95/1992. Sun, 06 Apr 2014 12:20:32 GMT Amwal Alghad ZAWYA20140406105752 Open Egypt says has resolved dispute with developer SODIC http://www.zawya.com/story/Egypt_says_has_resolved_dispute_with_developer_SODIC-TR20140406nL6N0MY0AG2/ Egypt has settled a dispute with SODIC over the property developer's Eastown scheme after the firm agreed to pay 900 million Egyptian pounds (USD129 million) in installments over about seven years, the investment minister said on Sunday. Sun, 06 Apr 2014 12:08:49 GMT Reuters TR20140406nL6N0MY0AG2 Open Egypt’s April 6 struggles with internal rifts http://www.zawya.com/story/Egypts_April_6_struggles_with_internal_rifts-GN_05042014_060411/ With several of its senior leaders in detention, the April 6 Movement, which spearheaded a 2011 uprising that forced Egypt’s long-standing president Hosni Mubarak out of power, is struggling to heal internal rifts on its sixth anniversary. Sun, 06 Apr 2014 04:41:53 GMT Gulf News GN_05042014_060411 Open Egypt court sentences police captain in southern province to death http://www.zawya.com/story/Egypt_court_sentences_police_captain_in_southern_province_to_death-TR20140405nL5N0MX0LR2/ An Egyptian court on Saturday sentenced a police officer to death for the 2012 killing of two men in the southern province of Qena, state news agency MENA reported. Sun, 06 Apr 2014 04:33:03 GMT Reuters TR20140405nL5N0MX0LR2 Open 23 killed in family feud in southern Egypt: officials http://www.zawya.com/story/23_killed_in_family_feud_in_southern_Egypt_officials-TR20140405nL5N0MX0AU1/ At least 23 people were killed in clashes between rival families in the southern Egyptian city of Aswan, health and security officials said on Saturday. Sat, 05 Apr 2014 13:03:47 GMT Reuters TR20140405nL5N0MX0AU1 Open Rights group calls on U.S. to delay military aid to Egypt http://www.zawya.com/story/Rights_group_calls_on_US_to_delay_military_aid_to_Egypt-TR20140404nL5N0MW23E2/ Human Rights Watch has cautioned Washington against resuming military assistance to Egypt until its military-backed government ends alleged rights abuses and holds violators accountable. Fri, 04 Apr 2014 13:41:05 GMT Reuters TR20140404nL5N0MW23E2 Open Rise in Egypt violence seen as presidential vote looms http://www.zawya.com/story/Rise_in_Egypt_violence_seen_as_presidential_vote_looms-GN_03042014_040447/ The latest bombings at Egypt’s main university that killed a police brigadier signal a rise in violent attacks as the country is bracing for crucial presidential elections, according to experts. Fri, 04 Apr 2014 05:35:26 GMT Gulf News GN_03042014_040447 Open World Bank grants Egypt USD300m Loan http://www.zawya.com/story/World_Bank_grants_Egypt_USD300m_Loan-ZAWYA20140403070258/ The World Bank member states agreed on Tuesday to grant Egypt a loan of USD 300 million in order to finance small and medium-sized enterprises, create new job opportunities and cut unemployment rate in the country, said Hartwig Schafer, WB Country Director for Egypt. Thu, 03 Apr 2014 08:59:38 GMT Amwal Alghad ZAWYA20140403070258 Open Muslim Brotherhood urges Britain not to yield to foreign "pressure" over review http://www.zawya.com/story/Muslim_Brotherhood_urges_Britain_not_to_yield_to_foreign_pressure_over_review-TR20140403nL5N0MV16R2/ The Muslim Brotherhood has urged Britain not to bow to foreign pressure in conducting a review of the group over concerns about possible links to violence, following its designation by Egypt and Saudi Arabia as a terrorist organisation. Thu, 03 Apr 2014 08:45:51 GMT Reuters TR20140403nL5N0MV16R2 Open U.N. chief tells Egypt he is concerned by mass death penalties http://www.zawya.com/story/UN_chief_tells_Egypt_he_is_concerned_by_mass_death_penalties-TR20140402nL1N0MU1SD2/ U.N. Secretary-General Ban Ki-moon expressed his strong concerns to Egypt on Wednesday over a court's sentencing of more than 500 people and the detention of journalists. Thu, 03 Apr 2014 05:55:56 GMT Reuters TR20140402nL1N0MU1SD2 Open Bombs kill two, including police officer, at Cairo University http://www.zawya.com/story/Bombs_kill_two_including_police_officer_at_Cairo_University-TR20140402nL5N0MU29I5/ Explosions outside Cairo University killed two people including a police brigadier-general on Wednesday in what appeared to be a militant attack targeting security forces. Thu, 03 Apr 2014 05:55:03 GMT Reuters TR20140402nL5N0MU29I5 Open Egypt to pass new "anti-terrorism" law - ministers http://www.zawya.com/story/Egypt_to_pass_new_antiterrorism_law__ministers-TR20140402nL5N0MU4V22/ Senior Egyptian ministers said they would pass legislation on Thursday "connected to confronting terrorism", in a statement released hours after three explosions killed two people in Cairo. Thu, 03 Apr 2014 04:25:07 GMT Reuters TR20140402nL5N0MU4V22 Open Egypt's cabinet approves use of coal for power generation http://www.zawya.com/story/Egypts_cabinet_approves_use_of_coal_for_power_generation-TR20140402nL5N0MU3VB2/ Egypt's cabinet approved the use of coal for power generation after a fierce debate within the government over whether the highly pollutant fuel should be permitted for use by the energy-intensive cement industry. Thu, 03 Apr 2014 04:21:02 GMT Reuters TR20140402nL5N0MU3VB2 Open Al-Tayyar acquires SAR40m, 70 % stakes of Egyptian company http://www.zawya.com/story/AlTayyar_acquires_SAR40m_70__stakes_of_Egyptian_company-ZAWYA20140401044748/ Al-Tayyar Travel Holding Group has signed an acquisition agreement of 70% of stakes of Al-Hanouf Holding Company for Tourism and Services and its subsidiaries in a deal worth of 40,95 million Saudi riyals. Wed, 02 Apr 2014 11:42:22 GMT Saudi Press Agency ZAWYA20140401044748 Open CBE requests EGP45bn at 35th auction of deposit operation http://www.zawya.com/story/CBE_requests_EGP45bn_at_35th_auction_of_deposit_operation-ZAWYA20140402084456/ Egypt's Central Bank (CBE) is requesting on Tuesday around 45 billion Egyptian pounds of domestic surplus liquidity from local banks in the 35th auction for Deposit Operations with 8.75% interest and 7-day maturity. Wed, 02 Apr 2014 09:09:17 GMT Amwal Alghad ZAWYA20140402084456 Open United Bank eyes new EGP50m contract with SFD Egypt http://www.zawya.com/story/United_Bank_eyes_new_EGP50m_contract_with_SFD_Egypt-ZAWYA20140402084616/ Egyptian lender United Bank S.A.E is currently in talks with Egypt-based Social Fund for Development (SFD) over a new contract worth EGP 50 million. Wed, 02 Apr 2014 09:04:47 GMT Amwal Alghad ZAWYA20140402084616 Open National Bank of Egypt secures EGP3bn for CBE housing initiative http://www.zawya.com/story/National_Bank_of_Egypt_secures_EGP3bn_for_CBE_housing_initiative-ZAWYA20140402085059/ The state-owned National Bank of Egypt (NBE) decided to participate in the Central Bank's (CBE) mortgage finance initiative.NBE will start today the launch of its mortgage finance product to finance low-income housing projects. Wed, 02 Apr 2014 09:03:48 GMT Amwal Alghad ZAWYA20140402085059 Open Arab Contractors of Egypt eyes major projects in KSA worth over SAR1bn http://www.zawya.com/story/Arab_Contractors_of_Egypt_eyes_major_projects_in_KSA_worth_over_SAR1bn-ZAWYA20140402085341/ Egypt-based Arab Contractors Company is competing to win a bidding for infrastructure projects and tunnels in Saudi Arabia, according to Chairman Mohsen Salah El Din. Wed, 02 Apr 2014 08:58:40 GMT Amwal Alghad ZAWYA20140402085341 Open Smart card company complains of delay in Egyptian subsidy cut scheme http://www.zawya.com/story/Smart_card_company_complains_of_delay_in_Egyptian_subsidy_cut_scheme-TR20140401nL5N0MT3F22/ The Egyptian government is taking too long to roll out an electronic smart card system designed to reduce costly energy subsidies, the company contracted for the project alleged. Wed, 02 Apr 2014 04:27:38 GMT Reuters TR20140401nL5N0MT3F22 Open Al-Tayyar buys 70% stake in Egypt's Hanouf Tourism http://www.zawya.com/story/AlTayyar_buys_70_stake_in_Egypts_Hanouf_Tourism-ZAWYA20140401032345/ Al-Tayyar Travel Group Holding Company has acquired 70% of Egypt's Hanouf Tourism and Services Co and subsidiary companies in a deal worth SAR40.95 million, the company announced on Saudi stock market (Tadawul). Tue, 01 Apr 2014 07:09:34 GMT Arab News ZAWYA20140401032345 Open Egypt current account swings back into deficit http://www.zawya.com/story/Egypt_current_account_swings_back_into_deficit-TR20140331nL5N0MS4K52/ Egypt's current account recorded a deficit of USD 755.8 million in the six months ending December, swinging back into the red after billions of dollars of Gulf aid helped it record a surplus in the three months ending September. Tue, 01 Apr 2014 03:54:01 GMT Reuters TR20140331nL5N0MS4K52 Open Suez Canal Bank eyes to attain EGP200m finance for SMEs projects by 2014-End http://www.zawya.com/story/Suez_Canal_Bank_eyes_to_attain_EGP200m_finance_for_SMEs_projects_by_2014End-ZAWYA20140330070805/ Sherif Fakhry, Head of SMEs Projects in Suez Canal Bank said the total funds of the bank for SMEs projects reached EGP80 million at the end of 2013. Mon, 31 Mar 2014 06:01:58 GMT Amwal Alghad ZAWYA20140330070805 Open Egypt to hold May 26-27 presidential election http://www.zawya.com/story/Egypt_to_hold_May_2627_presidential_election-TR20140330nL5N0MR0FH3/ Egyptians will vote on May 26-27 in a presidential election that Abdel Fattah al-Sisi is expected to win easily, meaning the former army chief who deposed Islamist President Mohamed Mursi could be sworn in as head of state by early June. Mon, 31 Mar 2014 04:13:57 GMT Reuters TR20140330nL5N0MR0FH3 Open Fuel cache blows up in Egypt, killing 10 http://www.zawya.com/story/Fuel_cache_blows_up_in_Egypt_killing_10-TR20140329nL5N0MQ0K42/ Ten people were killed on Saturday in Egypt when an explosion ripped through a house where a man had been hoarding state-subsidised fuel to sell in the black market. Sun, 30 Mar 2014 04:04:55 GMT Reuters TR20140329nL5N0MQ0K42 Open Egypt court sentences two Mursi supporters to death http://www.zawya.com/story/Egypt_court_sentences_two_Mursi_supporters_to_death-TR20140329nL5N0MQ0EY2/ An Egyptian court on Saturday sentenced two supporters of former President Mohamed Mursi to death for committing murder during violence that broke out in Alexandria last year after the army deposed the Islamist head of state. Sun, 30 Mar 2014 04:00:41 GMT Reuters TR20140329nL5N0MQ0EY2 Open Single telecoms licence by June in Egypt http://www.zawya.com/story/Single_telecoms_licence_by_June_in_Egypt-ZAWYA20140329043208/ The long buzzed-about single telecoms licence in Egypt for both mobiles and landlines will be activated within three months, according to Minister of Telecommunications Atef Helmy. Sat, 29 Mar 2014 08:51:21 GMT Al Ahram Weekly ZAWYA20140329043208 Open Good news for Centamin http://www.zawya.com/story/Good_news_for_Centamin-ZAWYA20140329043321/ Higher production in mines operated by gold miner Centamin has made up for the decline in gold prices, pushing the company's 2013 profits up by one per cent to reach USD 243 million. Sat, 29 Mar 2014 08:49:27 GMT Al Ahram Weekly ZAWYA20140329043321 Open Losses at Orascom Hotels http://www.zawya.com/story/Losses_at_Orascom_Hotels-ZAWYA20140329043223/ The plunge in Egyptian tourist figures has negatively affected the results of Orascom Hotels, the Swiss-listed company owned by businessman Samih Sawiris. Sat, 29 Mar 2014 08:49:10 GMT Al Ahram Weekly ZAWYA20140329043223 Open Series of IPOs hit the Egyptian market http://www.zawya.com/story/Series_of_IPOs_hit_the_Egyptian_market-ZAWYA20140329043254/ While Amer Group in November 2010 was Egypt's last initial public offering (IPO) on the stock exchange, a handful of companies are now also willing to offer their shares on the market. Sat, 29 Mar 2014 08:45:56 GMT Al Ahram Weekly ZAWYA20140329043254 Open Emirates NBD announces the appointment of new MD for Egypt http://www.zawya.com/story/Emirates_NBD_announces_the_appointment_of_new_MD_for_Egypt-GN_28032014_290308/ Emirates NBD said on Tuesday that it has appointed Giel-Jan Van Der Tol as a member of the Board of Directors and the new Managing Director of Emirates NBD Egypt. Giel-Jan served as the General Manager of Wholesale Banking at Emirates NBD since December 2011. Sat, 29 Mar 2014 06:00:17 GMT Gulf News GN_28032014_290308 Open Al Sissi must build a more inclusive Egypt http://www.zawya.com/story/Al_Sissi_must_build_a_more_inclusive_Egypt-GN_27032014_280313/ It was not a great surprise when Egypt’s Defence Minister and head of the Armed Forces, Field Marshall Abdul Fattah Al Sissi announced that he was resigning to stand for the presidency. Fri, 28 Mar 2014 06:01:03 GMT Gulf News GN_27032014_280313 Open Arabtec in talks for new Egyptian joint venture http://www.zawya.com/story/Arabtec_in_talks_for_new_Egyptian_joint_venture-GN_27032014_280356/ Arabtec is in discussion with the Egyptian government to set up a new joint real estate company for the development of the previously announced one million residential units in Egypt. Fri, 28 Mar 2014 05:17:22 GMT Gulf News GN_27032014_280356 Open Dubai's Futtaim, CIB Egypt to Ink EGP532 million loan deal today http://www.zawya.com/story/Dubais_Futtaim_CIB_Egypt_to_Ink_EGP532_million_loan_deal_today-ZAWYA20140327095158/ Dubai developer Al Futtaim Group will sign today a loan agreement worth EGP 532 million with Commercial International Bank (CIB) - Egypt. Thu, 27 Mar 2014 12:04:41 GMT Amwal Alghad ZAWYA20140327095158 Open Egypt ratifies 8000 new industrial projects in 16 months - IDA http://www.zawya.com/story/Egypt_ratifies_8000_new_industrial_projects_in_16_months__IDA-ZAWYA20140327094758/ In 16 months, Egypt-based Industrial Development Authority (IDA) endorsed around 8000 new industrial projects in Egypt, said chairman Dr. Mahmoud El Garf on Wednesday. Thu, 27 Mar 2014 12:02:10 GMT Amwal Alghad ZAWYA20140327094758 Open Egypt Army Chief seeks presidency http://www.zawya.com/story/Egypt_Army_Chief_seeks_presidency-ZW20140327000002/ The military chief who forced Egypt's first democratically elected president from office resigned as defense minister and declared a presidential run he is expected to win. Thu, 27 Mar 2014 06:58:58 GMT Zawya Dow Jones News ZW20140327000002 Open