Zawya.com - Egypt Top Stories http://www.zawya.com/top-stories/rss/egypt/ en-us Copyright 2015 Zawya Ltd. All rights reserved. Sun, 26 Apr 2015 06:16:00 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 Delta Life wins ADES' EGP326m insurance policy http://www.zawya.com/story/Delta_Life_wins_ADES_EGP326m_insurance_policy-ZAWYA20150427061604/ Egypt's Delta Life Insurance has won an insurance policy for the employees of Advance Energy Systems (ADES Group), chief sales & marketing officer announced. Mon, 27 Apr 2015 08:53:25 GMT Amwal Alghad ZAWYA20150427061604 Open Ten banks announce new term for Egypt energy's multibillion pound loan http://www.zawya.com/story/Ten_banks_announce_new_term_for_Egypt_energys_multibillion_pound_loan-ZAWYA20150427061653/ A consortium of ten banks is offering a multibillion Egyptian pounds of financing to the state-run Egyptian Electric Holding Company (EEHC) with new terms. Mon, 27 Apr 2015 08:52:28 GMT Amwal Alghad ZAWYA20150427061653 Open CISCO launches two smart lightening experiments in Egypt http://www.zawya.com/story/CISCO_launches_two_smart_lightening_experiments_in_Egypt-ZAWYA20150427061748/ The strategy of CISCO Egypt for 2015 includes the launch of two new experiments of using smart lightning systems in Egypt, said general manager. Mon, 27 Apr 2015 07:34:53 GMT Amwal Alghad ZAWYA20150427061748 Open Arabia Investments to appoint financial advisor for Peugeot Egypt agent IPO http://www.zawya.com/story/Arabia_Investments_to_appoint_financial_advisor_for_Peugeot_Egypt_agent_IPO-ZAWYA20150427061831/ Shareholders of Arabia Investments, Development and Financial Investment Holding Co. will hire a financial advisor for IPO of its subsidiary. Mon, 27 Apr 2015 07:34:05 GMT Amwal Alghad ZAWYA20150427061831 Open Egyptian Space Authority: EgyptSat two satellite is under full control http://www.zawya.com/story/Egyptian_Space_Authority_EgyptSat_two_satellite_is_under_full_control-ZAWYA20150427061808/ Egyptian EgyptSat 2 satellite, operating in orbit, is under the full control of the Egyptian experts, head of NARSS asserted. Mon, 27 Apr 2015 07:31:16 GMT Amwal Alghad ZAWYA20150427061808 Open Strong oil may help Gulf maintain positive momentum http://www.zawya.com/story/Strong_oil_may_help_Gulf_maintain_positive_momentum-TR20150427nL8N0XO0CEX2/ Strong oil prices may support Gulf stock markets on Monday, although the latest batch of first-quarter earnings reports from Qatar and Dubai contained no positive surprises. Mon, 27 Apr 2015 05:44:32 GMT Reuters TR20150427nL8N0XO0CEX2 Subscription Egyptians in UAE can have their recruitment issues settled http://www.zawya.com/story/Egyptians_in_UAE_can_have_their_recruitment_issues_settled-GN_26042015_270426/ A panel from the Egyptian Armed Forces will be visiting the UAE from June 3 to 6 to settle recruitment issues of Egyptians lving and working in the country. Mon, 27 Apr 2015 03:58:48 GMT Gulf News GN_26042015_270426 Open Oil buoys Gulf markets; Dubai, Saudi hit 2015 highs http://www.zawya.com/story/Oil_buoys_Gulf_markets_Dubai_Saudi_hit_2015_highs-TR20150426nL8N0XN0DAX2/ Most major Gulf stock markets, led by Dubai, rose on Sunday after the Brent oil price hit a 4-1/2-month high, while the bourse of energy importer Egypt closed in the red. Mon, 27 Apr 2015 02:48:43 GMT Reuters TR20150426nL8N0XN0DAX2 Subscription Egypt's Mobinil says declined its losses by 80.2% in Q1 2015 http://www.zawya.com/story/Egypts_Mobinil_says_declined_its_losses_by_802_in_Q1_2015-TR20150426nL8N0XN05RX2/ Egyptian mobile phone carrier Mobinil said its losses declined by 80.2% in the first quarter of 2015 compared with the same period last year. Sun, 26 Apr 2015 11:22:36 GMT Reuters TR20150426nL8N0XN05RX2 Open Egypt's trial of Mursi "badly flawed"- HRW http://www.zawya.com/story/Egypts_trial_of_Mursi_badly_flawed_HRW-TR20150426nL8N0XN03NX2/ The trial of former Egyptian President Mohamed Mursi, deposed by the army and sentenced to 20 years in jail, was "badly flawed" and appears to have been politically motivated, Human Rights Watch said. Sun, 26 Apr 2015 10:29:08 GMT Reuters TR20150426nL8N0XN03NX2 Open Strong oil supports Saudi stocks, Egypt slips http://www.zawya.com/story/Strong_oil_supports_Saudi_stocks_Egypt_slips-TR20150426nL8N0XN06QX2/ Saudi Arabia's stock market rose in early trade on Sunday, supported by stronger oil prices, while Egypt's bourse edged down. Sun, 26 Apr 2015 09:18:43 GMT Reuters TR20150426nL8N0XN06QX2 Subscription Egypt's Eastern Co 9-month net profit up 19% http://www.zawya.com/story/Egypts_Eastern_Co_9month_net_profit_up_19-TR20150426nL8N0XN04VX4/ Egypt's top cigarette maker Eastern Co. said on Sunday its nine-month net profit rose by 19.4 percent compared with the same period last year. Sun, 26 Apr 2015 08:30:28 GMT Reuters TR20150426nL8N0XN04VX4 Open Arab Contractors delivers first phase of Egypt road project next August http://www.zawya.com/story/Arab_Contractors_delivers_first_phase_of_Egypt_road_project_next_August-ZAWYA20150426071054/ Egypt's leading construction company, Arab Contractors is ready to hand over next August its ongoing works on the first phase of the country's new national road project of 700 km. Sun, 26 Apr 2015 08:10:20 GMT Amwal Alghad ZAWYA20150426071054 Open Romania eyes USD1bn trade exchange with Egypt at end- 2015 http://www.zawya.com/story/Romania_eyes_USD1bn_trade_exchange_with_Egypt_at_end_2015-ZAWYA20150426065044/ Romania is targeting increasing its volume of trade exchange with Egypt to hit US$1 billion by the end of 2015, Bucharest's ambassador in Cairo Cornel Alecse said. Sun, 26 Apr 2015 08:07:40 GMT Amwal Alghad ZAWYA20150426065044 Open UAE profit-taking may continue; Egypt rate decision no surprise http://www.zawya.com/story/UAE_profittaking_may_continue_Egypt_rate_decision_no_surprise-TR20150426nL8N0XN02CX2/ Stock markets in the United Arab Emirates may face more selling pressure on Sunday after investors started booking profits at the end of last week following strong rallies. Sun, 26 Apr 2015 05:51:57 GMT Reuters TR20150426nL8N0XN02CX2 Subscription Egypt extends state of emergency in northern Sinai by 3 months http://www.zawya.com/story/Egypt_extends_state_of_emergency_in_northern_Sinai_by_3_months-TR20150425nL8N0XM0HCX2/ Egypt it had extended by three months a state of emergency imposed on parts of northern Sinai in October. Sun, 26 Apr 2015 05:18:38 GMT Reuters TR20150425nL8N0XM0HCX2 Open Mass poisoning hits Egyptian town http://www.zawya.com/story/Mass_poisoning_hits_Egyptian_town-GN_25042015_260409/ Hundreds of residents in a provincial town north of the Egyptian capital have been hospitalized in the past two days, after showing symptoms of poisoning. Sun, 26 Apr 2015 02:41:25 GMT Gulf News GN_25042015_260409 Open Ezz Steel increases stake http://www.zawya.com/story/Ezz_Steel_increases_stake-ZAWYA20150425064445/ Ezz Steel will increase its holdings in its flat-steel subsidiary by 9% to 73% by converting $255 million of loans that the latter owe it into equity. Sat, 25 Apr 2015 07:36:05 GMT Al Ahram Weekly ZAWYA20150425064445 Open Egypt passes tax bylaws http://www.zawya.com/story/Egypt_passes_tax_bylaws-ZAWYA20150425064454/ The government has passed the bylaws governing capital gains and dividends taxes, almost 10 months after the law itself was issued. Sat, 25 Apr 2015 07:32:17 GMT Al Ahram Weekly ZAWYA20150425064454 Open More Edita brands in Egypt http://www.zawya.com/story/More_Edita_brands_in_Egypt-ZAWYA20150425064351/ Egyptian snacks producer Edita has signed two contracts worth USD 12 million with US-based Hostess Brands to buy the manufacturing rights of 11 new products and expand distribution. Sat, 25 Apr 2015 07:31:55 GMT Al Ahram Weekly ZAWYA20150425064351 Open Egypt's President approves $500 million World Bank loan http://www.zawya.com/story/Egypts_President_approves_500_million_World_Bank_loan-ZAWYA20150424042156/ Egypt's President Abdel Fattah al-Sisi ratified a USD500 million loan agreement with the World Bank to fund the Egypt Household Natural Gas Connection Project. Fri, 24 Apr 2015 07:29:22 GMT Amwal Alghad ZAWYA20150424042156 Open SFD signs EGP20m contracts with two leading finance leasing firms in Egypt http://www.zawya.com/story/SFD_signs_EGP20m_contracts_with_two_leading_finance_leasing_firms_in_Egypt-ZAWYA20150424042318/ Egypt's Social Fund for Development (SFD) has signed contracts worth 20 million Egyptian pounds (USD2.6 million) with two finance leasing companies. Fri, 24 Apr 2015 07:28:49 GMT Amwal Alghad ZAWYA20150424042318 Open Egypt's largest daily mulls printing copies at JPF for Egyptian expats http://www.zawya.com/story/Egypts_largest_daily_mulls_printing_copies_at_JPF_for_Egyptian_expats-ZAWYA20150424043433/ Al Ahram newspaper, Egypt's largest daily, is considering an offer to print copies at the Jordan Press Foundation's (JPF) printing complex. Fri, 24 Apr 2015 07:24:49 GMT Jordan Times ZAWYA20150424043433 Open Egypt's central bank keeps benchmark rates unchanged http://www.zawya.com/story/Egypts_central_bank_keeps_benchmark_rates_unchanged-TR20150423nL5N0XK59RX2/ Egypt's central bank kept its benchmark interest rates unchanged at a monetary policy committee meeting. Fri, 24 Apr 2015 05:02:53 GMT Reuters TR20150423nL5N0XK59RX2 Subscription Gulf mixed; Emaar, FGB weigh on UAE markets http://www.zawya.com/story/Gulf_mixed_Emaar_FGB_weigh_on_UAE_markets-TR20150423nL5N0XK3V5X2/ Gulf stock markets were narrowly mixed on Thursday while Egypt extended its recovery after a fresh cash injection from the oil-rich Gulf states. Thu, 23 Apr 2015 14:02:11 GMT Reuters TR20150423nL5N0XK3V5X2 Open Saudi consolidates below chart barrier, Egypt continues rebound http://www.zawya.com/story/Saudi_consolidates_below_chart_barrier_Egypt_continues_rebound-TR20150423nL5N0XK1Y9X2/ Saudi Arabia's stock market consolidated below technical resistance early on Thursday while Egypt continued a rebound after a bout of heavy profit-taking. Thu, 23 Apr 2015 08:47:57 GMT Reuters TR20150423nL5N0XK1Y9X2 Subscription Ex-dividend Emaar dampens Dubai, FGB pulls down Abu Dhabi http://www.zawya.com/story/Exdividend_Emaar_dampens_Dubai_FGB_pulls_down_Abu_Dhabi-TR20150423nL5N0XK16HX2/ Gulf stock markets were mixed as real estate blue chip Emaar weighed on Dubai as it went ex-dividend, while slightly disappointing earnings at First Gulf Bank pulled down Abu Dhabi. Thu, 23 Apr 2015 07:17:22 GMT Reuters TR20150423nL5N0XK16HX2 Subscription AfDB mulls financing solar energy project in Egypt http://www.zawya.com/story/AfDB_mulls_financing_solar_energy_project_in_Egypt-ZAWYA20150423045840/ The African Development Bank Group (AfDB) is considering a USD 50 million finance in favour of a solar energy project in Egypt. Thu, 23 Apr 2015 06:39:16 GMT Amwal Alghad ZAWYA20150423045840 Open Abraj Misr, 6 global firms sign contracts on Egypt's 1st smart residential project http://www.zawya.com/story/Abraj_Misr_6_global_firms_sign_contracts_on_Egypts_1st_smart_residential_project-ZAWYA20150423050003/ Abraj Misr has signed a contract to carry out "The Gate" project, with six international companies specialised in running property projects. Thu, 23 Apr 2015 06:36:17 GMT Amwal Alghad ZAWYA20150423050003 Open Bulgaria to export 4mn T Wheat to Africa by Egypt's Logistics Centre http://www.zawya.com/story/Bulgaria_to_export_4mn_T_Wheat_to_Africa_by_Egypts_Logistics_Centre-ZAWYA20150423045955/ Petrov clarified that Sofia is seeking to use the Egyptian logistics centre to become a hub of Bulgaria's wheat exports to the African markets, at amounts of 4 million tonnes annually. Thu, 23 Apr 2015 06:35:46 GMT Amwal Alghad ZAWYA20150423045955 Open Markets may consolidate as Yemen air strikes continue http://www.zawya.com/story/Markets_may_consolidate_as_Yemen_air_strikes_continue-TR20150423nL5N0XK0FFX2/ Most Middle East stock markets look set to consolidate on Thursday as Saudi Arabian air strikes in Yemen continue and bourses in Riyadh and Dubai face major technical resistance. Thu, 23 Apr 2015 05:42:14 GMT Reuters TR20150423nL5N0XK0FFX2 Subscription Barclays Egypt to boost corporate portfolio to EGP5bn at 2015-end http://www.zawya.com/story/Barclays_Egypt_to_boost_corporate_portfolio_to_EGP5bn_at_2015end-ZAWYA20150423050024/ Barclays intends to boost its corporate portfolio in Egypt to 5 billion Egyptian pounds (US$655.25 million) by the end of 2015, chief of staff Shady Kamal said. Thu, 23 Apr 2015 05:27:58 GMT Amwal Alghad ZAWYA20150423050024 Open Jumia announces exclusive partnership with Infinix Mobility http://www.zawya.com/story/Jumia_announces_exclusive_partnership_with_Infinix_Mobility-ZAWYA20150423050058/ Jumia Egypt announced an exclusive partnership with Infinix Mobility to launch the latest Infinix android smartphone, the Infinix Hot, exclusively on Jumia. Thu, 23 Apr 2015 05:26:51 GMT Amwal Alghad ZAWYA20150423050058 Open Egypt receives USD6bn from Saudi Arabia, UAE, Kuwait http://www.zawya.com/story/Egypt_receives_USD6bn_from_Saudi_Arabia_UAE_Kuwait-TR20150422nL5N0XJ5HZX2/ Saudi Arabia, Kuwait and the United Arab Emirates deposited $6 billion with Egypt's central bank on Wednesday, the bank's governor said. Thu, 23 Apr 2015 01:23:36 GMT Reuters TR20150422nL5N0XJ5HZX2 Open Egypt says buys 120,000 tonnes local wheat in first week of season http://www.zawya.com/story/Egypt_says_buys_120000_tonnes_local_wheat_in_first_week_of_season-TR20150422nL5N0XJ3DUX2/ Egypt has purchased 120,000 tonnes of its own wheat since it started its local procurement season last week, the supplies minister said. Wed, 22 Apr 2015 13:04:23 GMT Reuters TR20150422nL5N0XJ3DUX2 Subscription Egypt's top businessman Sawiris testifies at Al Jazeera retrial http://www.zawya.com/story/Egypts_top_businessman_Sawiris_testifies_at_Al_Jazeera_retrial-TR20150422nL4N0XJ41BX2/ One of Egypt's wealthiest businessmen, Naguib Sawiris, testified for the defense at the retrial of two Al-Jazeera television journalists, possibly boosting their standing in a case criticised from abroad. Wed, 22 Apr 2015 12:37:44 GMT Reuters TR20150422nL4N0XJ41BX2 Open Sisi's crackdown on Islamists yet to win over Egyptian village http://www.zawya.com/story/Sisis_crackdown_on_Islamists_yet_to_win_over_Egyptian_village-TR20150422nL4N0XJ2BIX2/ Egyptian police often raid homes in this rundown village just outside Cairo, residents say -- part of a broad crackdown on Islamists that has included the imprisonment Mursi. Wed, 22 Apr 2015 10:07:32 GMT Reuters TR20150422nL4N0XJ2BIX2 Open Saudi Arabia rises after ending Yemen air strikes http://www.zawya.com/story/Saudi_Arabia_rises_after_ending_Yemen_air_strikes-TR20150422nL5N0XJ233X2/ Saudi Arabia's stock market rose after the Riyadh government said it had ended a campaign of air strikes against Yemen's Houthi rebels. Wed, 22 Apr 2015 09:54:17 GMT Reuters TR20150422nL5N0XJ233X2 Subscription Positive corporate, geopolitical news lift Gulf markets http://www.zawya.com/story/Positive_corporate_geopolitical_news_lift_Gulf_markets-TR20150422nL5N0XJ10QX2/ Most Gulf stock markets rose after Saudi Arabia and its allies in the region decided to end a campaign of air strikes against Yemen's Houthi rebels. Wed, 22 Apr 2015 07:30:12 GMT Reuters TR20150422nL5N0XJ10QX2 Subscription Emaar's Egypt Arm shareholders approve Abbar as non-executive chief http://www.zawya.com/story/Emaars_Egypt_Arm_shareholders_approve_Abbar_as_nonexecutive_chief-ZAWYA20150422063220/ Shareholders of Emaar Misr, the UAE real estate developer Emaar Properties' Egyptian arm, approved Mohammed al-Abbar as a non-executive chairman. Wed, 22 Apr 2015 07:05:38 GMT Amwal Alghad ZAWYA20150422063220 Open Egypt bourse to launch its first electronic disclosure system April 23rd http://www.zawya.com/story/Egypt_bourse_to_launch_its_first_electronic_disclosure_system_April_23rd-ZAWYA20150422063240/ In a step to raise the Egyptian market efficiency and to increase the disclosure and transparency levels, Egypt's bourse is set to launch next Thursday the first electronic system for direct disclosure of companies. Wed, 22 Apr 2015 07:04:29 GMT Amwal Alghad ZAWYA20150422063240 Open Misr Asset Management braces for Solar Cell Plant at 2015-end http://www.zawya.com/story/Misr_Asset_Management_braces_for_Solar_Cell_Plant_at_2015end-ZAWYA20150422063259/ Misr Asset Management (MAM) is planning to inaugurate a solar power plant by end of 2015, at investment cost worth USD 50 million. Wed, 22 Apr 2015 07:03:31 GMT Amwal Alghad ZAWYA20150422063259 Open Huawei offers new ICT solutions for rail and metro in Egypt http://www.zawya.com/story/Huawei_offers_new_ICT_solutions_for_rail_and_metro_in_Egypt-ZAWYA20150422063329/ Huawe showcased how its technology innovations can improve passenger experience, maximize efficiency and enhance safety operations at the Future Rail and Metro Summit in Cairo. Wed, 22 Apr 2015 07:02:18 GMT Amwal Alghad ZAWYA20150422063329 Open Egypt eyes EUR6bn French investments in 2017 - Council http://www.zawya.com/story/Egypt_eyes_EUR6bn_French_investments_in_2017__Council-ZAWYA20150422063413/ Egypt targets boosting French investments volume in its market to reach EUR3.5 billion at the end of 2015, opposed to 2014's EUR3 billion, and EUR6 billion in 2017. Wed, 22 Apr 2015 07:00:42 GMT Amwal Alghad ZAWYA20150422063413 Open Arab Contractors assigned to complete pumping station in South Sudan http://www.zawya.com/story/Arab_Contractors_assigned_to_complete_pumping_station_in_South_Sudan-ZAWYA20150422064315/ Egypt's leading construction firm Arab Contractors is tasked by the Egyptian government with carrying out additional works on a pumping station in Wau city of South Sudan, at cost of USD 931.000. Wed, 22 Apr 2015 06:53:50 GMT Amwal Alghad ZAWYA20150422064315 Open End of Yemen campaign may boost markets http://www.zawya.com/story/End_of_Yemen_campaign_may_boost_markets-TR20150422nL5N0XJ0EAX2/ Saudi Arabia's decision to end a campaign of air strikes against Yemen's Houthi rebels may support equities in the kingdom and across much of the Middle East. Wed, 22 Apr 2015 05:53:23 GMT Reuters TR20150422nL5N0XJ0EAX2 Subscription Travel security assistance company sees increase in business from ME http://www.zawya.com/story/Travel_security_assistance_company_sees_increase_in_business_from_ME-ZAWYA20150422050653/ Both regional and international companies operating in the Middle East are becoming more aware of the risks of travel in the MEA region. Wed, 22 Apr 2015 05:35:25 GMT FinanceME ZAWYA20150422050653 Open Dubai's Arabtec says in talks with banks to fund Egypt project http://www.zawya.com/story/Dubais_Arabtec_says_in_talks_with_banks_to_fund_Egypt_project-TR20150422nL5N0XJ0A4X3/ Dubai builder Arabtec said it was in talks with several local and international banks on financing the first phase of its project to build one million housing units in Egypt. Wed, 22 Apr 2015 05:26:48 GMT Reuters TR20150422nL5N0XJ0A4X3 Subscription Egyptian Brotherhood figure says younger members taking up leadership roles http://www.zawya.com/story/Egyptian_Brotherhood_figure_says_younger_members_taking_up_leadership_roles-TR20150421nL5N0XI32LX3/ Younger members of the Muslim Brotherhood in Egypt are taking up leadership roles as the movement renews itself despite the widespread jailing of its members, a senior Brotherhood figure told Reuters in Istanbul. Tue, 21 Apr 2015 13:54:41 GMT Reuters TR20150421nL5N0XI32LX3 Open Amnesty calls for Mursi to be retried in civilian court or released http://www.zawya.com/story/Amnesty_calls_for_Mursi_to_be_retried_in_civilian_court_or_released-TR20150421nL5N0XI32RX3/ Amnesty International on Tuesday called for Mohamed Mursi to be retried in a civilian court or to be released after the ousted Egyptian president was sentenced to 20 years in jail on charges related to the killing of protesters in 2012. Tue, 21 Apr 2015 13:52:52 GMT Reuters TR20150421nL5N0XI32RX3 Open Egypt's Brotherhood will show resilience after Mursi trial- senior figure http://www.zawya.com/story/Egypts_Brotherhood_will_show_resilience_after_Mursi_trial_senior_figure-TR20150421nL5N0XI2YPX3/ Muslim Brotherhood has brought in many new leaders, will remain a powerful force following the sentencing of Mursi, a senior figure from the movement said. Tue, 21 Apr 2015 12:22:12 GMT Reuters TR20150421nL5N0XI2YPX3 Open Egyptian Brotherhood figure warns of harsher sentences, after Mursi verdict http://www.zawya.com/story/Egyptian_Brotherhood_figure_warns_of_harsher_sentences_after_Mursi_verdict-TR20150421nL5N0XI2UMX3/ The sentencing of ousted Egyptian President Mohamed Mursi to 20 years in prison is meant to test world reaction and harsher penalties will follow if the international community does not object, a senior Muslim Brotherhood figure said. Tue, 21 Apr 2015 12:01:28 GMT Reuters TR20150421nL5N0XI2UMX3 Open Egypt court sentences Mursi to 20 years in prison http://www.zawya.com/story/Egypt_court_sentences_Mursi_to_20_years_in_prison-TR20150421nL5N0XI12LX3/ An Egyptian court sentenced ousted President Mohamed Mursi to 20 years in prison without parole on Tuesday for the killing of protesters in December 2012. Tue, 21 Apr 2015 10:38:59 GMT Reuters TR20150421nL5N0XI12LX3 Open After tasting power, former Egyptian president Mursi sent to prison http://www.zawya.com/story/After_tasting_power_former_Egyptian_president_Mursi_sent_to_prison-TR20150421nL5N0XI1L1X2/ Muslim Brotherhood leader Mohamed Mursi was sentenced to 20 years in prison without parole on Tuesday, nearly three years after he was declared Egypt's first freely elected president. Tue, 21 Apr 2015 10:23:35 GMT Reuters TR20150421nL5N0XI1L1X2 Open Son says Egypt's Mursi plans comeback despite jail sentence http://www.zawya.com/story/Son_says_Egypts_Mursi_plans_comeback_despite_jail_sentence-TR20150421nL5N0XH1RFX2/ Mohamed Mursi's reversal of fortune from Egypt's first freely-elected president to a prisoner sentenced to 20 years in jail on Tuesday will not break his will to return to power, his son said. Tue, 21 Apr 2015 09:46:31 GMT Reuters TR20150421nL5N0XH1RFX2 Open Mobily weighs on Saudi, Egypt edges up http://www.zawya.com/story/Mobily_weighs_on_Saudi_Egypt_edges_up-TR20150421nL5N0XI1S1X2/ Saudi Arabia's stock market fell in early trade on Tuesday after telecommunications operator Mobily posted a first-quarter loss, while Egypt's bourse started recovering. Tue, 21 Apr 2015 09:45:01 GMT Reuters TR20150421nL5N0XI1S1X2 Subscription Senior Egyptian Brotherhood figure says Mursi trial a travesty of justice http://www.zawya.com/story/Senior_Egyptian_Brotherhood_figure_says_Mursi_trial_a_travesty_of_justice-TR20150421nL5N0XI1RQX4/ The trial of ousted Egyptian President Mohamed Mursi was a travesty of justice controlled by the government, a senior figure from the Muslim Brotherhood said. Tue, 21 Apr 2015 09:33:51 GMT Reuters TR20150421nL5N0XI1RQX4 Open Property stocks lift UAE, banks support Qatar http://www.zawya.com/story/Property_stocks_lift_UAE_banks_support_Qatar-TR20150421nL5N0XI0WQX2/ Most Gulf stock markets rose in early trade, with new real estate projects boosting bourses in UAE and banks supporting Qatar after strong first-quarter earnings. Tue, 21 Apr 2015 07:32:07 GMT Reuters TR20150421nL5N0XI0WQX2 Subscription Mona El Sayed resigns from HSBC Egypt - Sources http://www.zawya.com/story/Mona_El_Sayed_resigns_from_HSBC_Egypt__Sources-ZAWYA20150421062358/ The sources stated that El Sayed had resigned without mentioning reasons behind her decision, ruling out receiving offers from other banks working in the Egyptian market. Tue, 21 Apr 2015 06:57:12 GMT Amwal Alghad ZAWYA20150421062358 Open Eni reports record oil production in Egypt http://www.zawya.com/story/Eni_reports_record_oil_production_in_Egypt-ZAWYA20150421062528/ Italian oil major Eni announced that its oil production in Egypt's Western Desert has reached a record level, doubling its rate in just three years. Tue, 21 Apr 2015 06:56:01 GMT Amwal Alghad ZAWYA20150421062528 Open AfDB commits USD140m to Egypt's Sharm El-Sheikh airport expansion project http://www.zawya.com/story/AfDB_commits_USD140m_to_Egypts_Sharm_ElSheikh_airport_expansion_project-ZAWYA20150421062627/ The project, to be implemented within 44 months, is expected to provide an additional capacity for 10 million passengers per year. Tue, 21 Apr 2015 06:54:45 GMT Amwal Alghad ZAWYA20150421062627 Open CIB: Management approves to bid for Citigroup's Egypt retail portfolio http://www.zawya.com/story/CIB_Management_approves_to_bid_for_Citigroups_Egypt_retail_portfolio-ZAWYA20150421062807/ Egypt's Commercial International Bank (CIB) announced its management would submit a binding offer to acquire Citigroup's retail portfolio in Egypt. Tue, 21 Apr 2015 06:52:25 GMT Amwal Alghad ZAWYA20150421062807 Open Banks may buoy Qatar, Saudi Q1 earnings mixed http://www.zawya.com/story/Banks_may_buoy_Qatar_Saudi_Q1_earnings_mixed-TR20150421nL5N0XI0FZX2/ Banking stocks may support Qatar's bourse after positive first-quarter results, while mixed earnings in Saudi Arabia may make it harder for the kingdom's market to break through major technical resistance. Tue, 21 Apr 2015 06:46:42 GMT Reuters TR20150421nL5N0XI0FZX2 Subscription Middle East oil and gas firms still hiring new staff http://www.zawya.com/story/Middle_East_oil_and_gas_firms_still_hiring_new_staff-ZAWYA20150421054500/ Recruitment of new employees for oil and gas companies outside the Gulf region has slowed down, but businesses in the UAE and the rest of the Middle East continue to push forward with hiring. Tue, 21 Apr 2015 06:30:23 GMT Gulf News ZAWYA20150421054500 Open Top belly dancer gets 6 months in jail for ‘insulting’ Egyptian flag http://www.zawya.com/story/Top_belly_dancer_gets_6_months_in_jail__for_insulting_Egyptian_flag-GN_20042015_210436/ An Egyptian court on Monday sentenced celebrated belly dancer, Safinaz, to six months in prison on charges of insulting the national flag in a performance. Tue, 21 Apr 2015 05:46:00 GMT Gulf News GN_20042015_210436 Open Mideast business aviation sector sees steady growth http://www.zawya.com/story/Mideast_business_aviation_sector_sees_steady_growth-ZAWYA20150421035357/ DC Aviation Al-Futtaim (DCAF) has seen a dramatic increase in the movement of business aircraft taking off or landing at its state-of-the-art facility. Tue, 21 Apr 2015 05:15:09 GMT The Saudi Gazette ZAWYA20150421035357 Open Egypt c.bank to hold rates after inflation pick-up: survey http://www.zawya.com/story/Egypt_cbank_to_hold_rates_after_inflation_pickup_survey-TR20150420nL5N0XB3Y0X2/ Egypt's central bank is expected to keep interest rates on hold on Thursday, choosing not to cut borrowing costs to boost a slowing economy after inflation hit a five-month high in March. Mon, 20 Apr 2015 12:10:08 GMT Reuters TR20150420nL5N0XB3Y0X2 Subscription Egypt sentences 22 members of Brotherhood to death-judicial sources http://www.zawya.com/story/Egypt_sentences_22_members_of_Brotherhood_to_deathjudicial_sources-TR20150420nL5N0XH1WPX2/ An Egyptian court sentenced 22 members of the Muslim Brotherhood to death on Monday over an attack on a police station in a district outside Cairo in 2013, judicial sources said. Mon, 20 Apr 2015 11:34:36 GMT Reuters TR20150420nL5N0XH1WPX2 Open Egypt's CIB to submit offer for Citigroup's Egyptian retail portfolio http://www.zawya.com/story/Egypts_CIB_to_submit_offer_for_Citigroups_Egyptian_retail_portfolio-TR20150420nL5N0XH1UIX2/ Egypt's Commercial International Bank (CIB) said on Monday its management had decided to submit a binding offer to acquire Citigroup's retail portfolio in Egypt. Mon, 20 Apr 2015 11:11:16 GMT Reuters TR20150420nL5N0XH1UIX2 Subscription Egypt's Heliopolis Housing July-March profit up 25.5% http://www.zawya.com/story/Egypts_Heliopolis_Housing_JulyMarch_profit_up_255-TR20150420nL5N0XH1M8X2/ Egypt's Heliopolis Company for Housing and Construction said its net profit rose by 25% in the nine months to end-March. Mon, 20 Apr 2015 10:14:15 GMT Reuters TR20150420nL5N0XH1M8X2 Open Egypt's foodmaker Edita signs USD12m contracts with US Hostess Brands http://www.zawya.com/story/Egypts_foodmaker_Edita_signs_USD12m_contracts_with_US_Hostess_Brands-TR20150420nL5N0XH1GMX2/ Egyptian foodmaker Edita signed two contacts worth USD12 million with U.S.-based Hostess Brands to buy the manufacturing rights of 11 new products, it said in a statement on Monday. Mon, 20 Apr 2015 10:03:29 GMT Reuters TR20150420nL5N0XH1GMX2 Subscription Egypt's new experience for reconstruction kicks off http://www.zawya.com/story/Egypts_new_experience_for_reconstruction_kicks_off-ZAWYA20150420054642/ Egypt's first "Government & Developer: A Partnership for Development" starts its first conference Today in the presence of Egypt's Housing Minister Moustafa Madbouly. Mon, 20 Apr 2015 09:30:11 GMT Amwal Alghad ZAWYA20150420054642 Open A UAE-Egyptian firm formed to carry out Egypt's new capital project http://www.zawya.com/story/A_UAEEgyptian_firm_formed_to_carry_out_Egypts_new_capital_project-ZAWYA20150420054603/ Egyptian Ministry of Housing and Abu Dhabi-based Eagle Hills have launched a new company, responsible for the national project to build Egypt's new administrative capital. Mon, 20 Apr 2015 07:06:19 GMT Amwal Alghad ZAWYA20150420054603 Open HSBC launches 300-million pound growth fund for Egypt's SMEs http://www.zawya.com/story/HSBC_launches_300million_pound_growth_fund_for_Egypts_SMEs-ZAWYA20150420054512/ HSBC announced the launch of its second international growth fund in Egypt worth 300 million Egyptian pounds. Mon, 20 Apr 2015 07:04:23 GMT Amwal Alghad ZAWYA20150420054512 Open Talaat Moustafa Group: 44% of Madinaty Housing project accomplished http://www.zawya.com/story/Talaat_Moustafa_Group_44_of_Madinaty_Housing_project_accomplished-ZAWYA20150420054037/ Egypt's leading real estate developer,Talaat Moustafa Group has finished the development of 44% of the total space of Madinaty project in New Cairo. Mon, 20 Apr 2015 07:02:21 GMT Amwal Alghad ZAWYA20150420054037 Open Three Egyptian soldiers killed in blast claimed by IS affiliate http://www.zawya.com/story/Three_Egyptian_soldiers_killed_in_blast_claimed_by_IS_affiliate-TR20150420nL5N0XH0LZX2/ An Egyptian army captain and two other soldiers were killed by a roadside bomb in Rafah, near the border with the Palestinian Gaza Strip. Mon, 20 Apr 2015 06:52:24 GMT Reuters TR20150420nL5N0XH0LZX2 Open Oil may support Gulf markets, earnings mixed http://www.zawya.com/story/Oil_may_support_Gulf_markets_earnings_mixed-TR20150420nL5N0XH096X2/ Strong oil may support Gulf stock markets on Monday, although some of the latest earnings reports have been weak. Mon, 20 Apr 2015 05:49:34 GMT Reuters TR20150420nL5N0XH096X2 Subscription Remittances by Egyptian expats in Qatar soar http://www.zawya.com/story/Remittances_by_Egyptian_expats_in_Qatar_soar-ZAWYA20150420033732/ Remittances by Egyptian expatriates in Qatar have seen the highest growth in the past five years. Mon, 20 Apr 2015 04:33:09 GMT The Peninsula ZAWYA20150420033732 Open Egypt's Ezz Steel to raise stake in flat-steel unit http://www.zawya.com/story/Egypts_Ezz_Steel_to_raise_stake_in_flatsteel_unit-TR20150419nL5N0XG0BRX2/ Egypt's biggest steelmaker Ezz Steel said it was increasing its stake in its flat-steel subsidiary by converting $255 million of loans into equity. Mon, 20 Apr 2015 04:08:27 GMT Reuters TR20150419nL5N0XG0BRX2 Subscription Improving economic fundamentals boost Egypt’s banking outlook http://www.zawya.com/story/Improving_economic_fundamentals_boost_Egypts_banking_outlook-GN_19042015_200404/ The banking sector outlook in Egypt has seen a steady improvement over the last one year, largely due to the strong revival in the domestic economy. Mon, 20 Apr 2015 02:23:42 GMT Gulf News GN_19042015_200404 Open Egypt arm of Dubai developer Emaar reports big Q1 profit increase http://www.zawya.com/story/Egypt_arm_of_Dubai_developer_Emaar_reports_big_Q1_profit_increase-TR20150419nL5N0XG0HOX2/ The subsidiary of Dubai's largest real estate developer said profits reached EGP172.7 million (USD22.65 million) in the first three months of the year. Sun, 19 Apr 2015 13:06:05 GMT Reuters TR20150419nL5N0XG0HOX2 Subscription Egypt court seeks death sentence for 11 in soccer stadium case-TV http://www.zawya.com/story/Egypt_court_seeks_death_sentence_for_11_in_soccer_stadium_caseTV-TR20150419nL5N0XG0AKX2/ An Egyptian court on Sunday took a step towards imposing the death penalty on 11 men for involvement in deadly soccer stadium violence in 2012, in a court session shown on television. Sun, 19 Apr 2015 12:06:31 GMT Reuters TR20150419nL5N0XG0AKX2 Open Egypt to impose 8% import tariff on steel rebar, also on white sugar- ministry http://www.zawya.com/story/Egypt_to_impose_8_import_tariff_on_steel_rebar_also_on_white_sugar_ministry-TR20150419nL5N0XG0F2X4/ Egypt will impose an 8% import tariff on rebar, reinforced steel bars, for three years, the trade ministry said in a statement, extending temporary tariffs introduced last year. Sun, 19 Apr 2015 12:03:52 GMT Reuters TR20150419nL5N0XG0F2X4 Open Egypt Brotherhood trial relied on single testimony- Human Rights Watch http://www.zawya.com/story/Egypt_Brotherhood_trial_relied_on_single_testimony_Human_Rights_Watch-TR20150419nL5N0XG04XX2/ Prosecution's evidence in a trial this month of 51 alleged Muslim Brotherhood supporters in Egypt relied on the testimony of one police officer, Human Rights Watch said. Sun, 19 Apr 2015 10:46:11 GMT Reuters TR20150419nL5N0XG04XX2 Open Misr Iran Bank allocates 100-million pounds to support Egypt Electricity http://www.zawya.com/story/Misr_Iran_Bank_allocates_100million_pounds_to_support_Egypt_Electricity-ZAWYA20150419060009/ Misr Iran Development Bank (MIDB) intends to inject 100 million Egyptian pounds in a 1.5 billion pound financing for state-owned Egyptian Electricity Holding Company (EEHC). Sun, 19 Apr 2015 10:08:40 GMT Amwal Alghad ZAWYA20150419060009 Open OPEC Fund secures USD27m loan for Egypt http://www.zawya.com/story/OPEC_Fund_secures_USD27m_loan_for_Egypt-ZAWYA20150419061257/ Egypt has signed on Friday a loan worth US$27 million with the OPEC Fund for International Development (OFID) to support Ain Shams Specialized Hospital. Sun, 19 Apr 2015 10:05:51 GMT Amwal Alghad ZAWYA20150419061257 Open At IMF-World Bank Spring Meetings, Egypt signs USD427m deals http://www.zawya.com/story/At_IMFWorld_Bank_Spring_Meetings_Egypt_signs_USD427m_deals-ZAWYA20150419061323/ Egypt signs Friday two loans worth US$427 million with OPEC Fund and the World Bank Group in addition to a preliminary agreement with CMI - Marseille Center for Mediterranean Integration. Sun, 19 Apr 2015 07:26:33 GMT Amwal Alghad ZAWYA20150419061323 Open UAE inks initial deal to build 50.000 units in Egypt's new capital http://www.zawya.com/story/UAE_inks_initial_deal_to_build_50000_units_in_Egypts_new_capital-ZAWYA20150419061250/ Egypt and UAE have reached an initial agreement to start building around 50.000 units in the Egyptian new administrative capital project. Sun, 19 Apr 2015 07:24:32 GMT Amwal Alghad ZAWYA20150419061250 Open Anti-veil call raises hackles in Egypt http://www.zawya.com/story/Antiveil_call_raises_hackles_in_Egypt-GN_17042015_180430/ A call by a prominent secular journalist for Egypt’s Muslim women to take off the hijab headdress has triggered huge controversy in the predominantly Muslim country. Sat, 18 Apr 2015 05:48:18 GMT Gulf News GN_17042015_180430 Open Orascom Construction CEO bullish on Egypt, wants more reforms http://www.zawya.com/story/Orascom_Construction_CEO_bullish_on_Egypt_wants_more_reforms-TR20150416nL5N0XD3NMX2/ Orascom Construction is bullish about growth opportunities in Egypt but wants the government to make clear commitments to further economic reforms. Fri, 17 Apr 2015 07:05:03 GMT Reuters TR20150416nL5N0XD3NMX2 Subscription Egypt supports sugar producers, may slap big tariff on imports http://www.zawya.com/story/Egypt_supports_sugar_producers_may_slap_big_tariff_on_imports-TR20150416nL5N0XD1AMX2/ Egypt is considering a 20% tariff on white sugar imports as it bolsters its own sugar industry with a subsidised export push. Fri, 17 Apr 2015 07:02:23 GMT Reuters TR20150416nL5N0XD1AMX2 Subscription Sister says imprisoned U.S-Egyptian just an "idealistic guy" http://www.zawya.com/story/Sister_says_imprisoned_USEgyptian_just_an_idealistic_guy-TR20150416nL5N0XD22GX2/ From her home in Washington DC, Hanaa Soltan said she felt an overwhelming sense of grief when an Egyptian court condemned her father to death and her U.S-Egyptian brother to life in jail for involvement in the outlawed Muslim Brotherhood. Fri, 17 Apr 2015 06:31:28 GMT Reuters TR20150416nL5N0XD22GX2 Open UAE's ADNOC to start monthly oil product deliveries to Egypt next week -source http://www.zawya.com/story/UAEs_ADNOC_to_start_monthly_oil_product_deliveries_to_Egypt_next_week_source-TR20150416nL5N0XD21UX2/ State-run Abu Dhabi National Oil (ADNOC) will start monthly deliveries of USD400 million of petroleum products to Egypt from next week until the end of October, a source at the state-owned Egyptian General Petroleum Corporation (EGPC) said. Thu, 16 Apr 2015 10:58:58 GMT Reuters TR20150416nL5N0XD21UX2 Subscription Bomb kills soldier and wounds three in Egypt's Sinai http://www.zawya.com/story/Bomb_kills_soldier_and_wounds_three_in_Egypts_Sinai-TR20150416nL5N0XD1ZIX2/ An Egyptian soldier was killed and three others wounded on Thursday when a roadside bomb hit an armoured vehicle in the Northern Sinai, medical and security sources said. Thu, 16 Apr 2015 10:40:11 GMT Reuters TR20150416nL5N0XD1ZIX2 Open Saudi Arabia extends gains, Egypt slips http://www.zawya.com/story/Saudi_Arabia_extends_gains_Egypt_slips-TR20150416nL5N0XD1SSX2/ Saudi Arabia's bourse rose further in early trade on Thursday after oil prices rallied on Wednesday and corporate earnings were mostly positive, while Egypt's stock market pulled back again. Thu, 16 Apr 2015 09:32:03 GMT Reuters TR20150416nL5N0XD1SSX2 Subscription Emaar lifts Dubai to 2015 high, oil buoys Gulf http://www.zawya.com/story/Emaar_lifts_Dubai_to_2015_high_oil_buoys_Gulf-TR20150416nL5N0XD0PBX2/ Emaar Properties helped lift the emirate's stock index to its highest level this year after providing optimistic 2015 profit guidance. Thu, 16 Apr 2015 06:50:20 GMT Reuters TR20150416nL5N0XD0PBX2 Subscription Sisi asks Siemens to establish 3 power plants in Egypt 'sooner' http://www.zawya.com/story/Sisi_asks_Siemens_to_establish_3_power_plants_in_Egypt_sooner-ZAWYA20150416052211/ Egyptian President Abdel Fattah al-Sisi has discussed Siemens's offer to establish three power plants with total capacity of 13.2 megawatts within a shorter time frame of two years only, said Presidential Spokesman Alaa Youssef said. Thu, 16 Apr 2015 06:31:13 GMT Amwal Alghad ZAWYA20150416052211 Open IMF raises Egypt's economic growth outlook to 4% in 2015 http://www.zawya.com/story/IMF_raises_Egypts_economic_growth_outlook_to_4_in_2015-ZAWYA20150416052403/ Egypt's economy is projected to improve by 4% in 2015, according to the semi-annual World Economic Outlook released by the International Monetary Fund (IMF). Thu, 16 Apr 2015 06:29:06 GMT Amwal Alghad ZAWYA20150416052403 Open Kuwait deposits USD2bn in Egypt, 1st since March Summit http://www.zawya.com/story/Kuwait_deposits_USD2bn_in_Egypt_1st_since_March_Summit-ZAWYA20150416052421/ Egypt's central bank has received USD 2 billion worth of deposit from the Kuwaiti government, Egyptian ambassador to Kuwait Abdel Karim Soliman announced. Thu, 16 Apr 2015 06:28:03 GMT Amwal Alghad ZAWYA20150416052421 Open Strong earnings, oil may further lift Saudi, Dubai http://www.zawya.com/story/Strong_earnings_oil_may_further_lift_Saudi_Dubai-TR20150416nL5N0XD0DEX2/ Stock markets in Saudi Arabia and Dubai may extend their rallies on Thursday on positive earnings reports and profit guidance. Thu, 16 Apr 2015 06:00:34 GMT Reuters TR20150416nL5N0XD0DEX2 Subscription