Zawya.com - Egypt Top Stories http://www.zawya.com/top-stories/rss/egypt/ en-us Copyright 2014 Zawya Ltd. All rights reserved. Thu, 30 Oct 2014 12:45:33 GMT 100 Zawya.com | Middle East Business News and Company Directory 144 76 http://www.zawya.com//top-stories/rss/egypt/ http://www.zawya.com/images/newsletter_zawya_logo.gif Egypt's M2 money supply up 15.63 pct on year in September -c. bank http://www.zawya.com/story/Egypts_M2_money_supply_up_1563_pct_on_year_in_September_c_bank-TR20141030nL5N0SP2NLX2/ Egypt's M2 money supply rose 15.63 percent in September compared with the same month last year, the central bank said on Thursday. Thu, 30 Oct 2014 13:08:21 GMT Reuters TR20141030nL5N0SP2NLX2 Open A Minute With: Egyptian actor Amr Waked on making movies at home and abroad http://www.zawya.com/story/A_Minute_With_Egyptian_actor_Amr_Waked_on_making_movies_at_home_and_abroad-TR20141030nL5N0SO5IZX2/ Egyptian actor and film-maker Amr Waked says the time is ripe for a host of other Arab stars to make it big abroad. Thu, 30 Oct 2014 11:32:56 GMT Reuters TR20141030nL5N0SO5IZX2 Open Greece, Egypt, Cyprus urge Turkey to quit gas search off island http://www.zawya.com/story/Greece_Egypt_Cyprus_urge_Turkey_to_quit_gas_search_off_island-TR20141029nL5N0SO3LKX2/ The governments of Egypt, Greece and Cyprus urged Turkey on Wednesday to stop trying to chart gas deposits in areas of the east Mediterranean claimed by Cyprus, saying the work was illegal. Thu, 30 Oct 2014 11:12:04 GMT Reuters TR20141029nL5N0SO3LKX2 Open Egypt targets universities as last haven for political expression http://www.zawya.com/story/Egypt_targets_universities_as_last_haven_for_political_expression-TR20141030nL6N0SE03BX2/ The Egyptian government has tightened security at the Cairo University, as it seeks to avert another year of unrest on university campuses, among the last bastions of protest and dissent in Egypt. Thu, 30 Oct 2014 10:33:17 GMT Reuters TR20141030nL6N0SE03BX2 Open Egypt bans pro-Mursi pressure group http://www.zawya.com/story/Egypt_bans_proMursi_pressure_group-TR20141030nL5N0SP21UX2/ Egypt on Thursday banned a pressure group that has pushed for the reinstatement of President Mohamed Mursi of the Muslim Brotherhood, who was overthrown by the army last year. Thu, 30 Oct 2014 08:46:44 GMT Reuters TR20141030nL5N0SP21UX2 Open Egypt pumps EGP1.3bn finance for small projects in 9 months http://www.zawya.com/story/Egypt_pumps_EGP13bn_finance_for_small_projects_in_9_months-ZAWYA20141030065650/ Social Fund for Development (SFD) pumped EGP1.3 billion finance for small projects in the first 9 months of this year in the form of direct and indirect finance through associations and banks. Thu, 30 Oct 2014 07:00:47 GMT Amwal Alghad ZAWYA20141030065650 Open CORRECTED-Masked men burn 2 Saudi Arabia consulate cars in Egypt -sources http://www.zawya.com/story/CORRECTEDMasked_men_burn_2_Saudi_Arabia_consulate_cars_in_Egypt_sources-TR20141029nL6N0SJ2N4X2/ 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. Wed, 29 Oct 2014 08:06:44 GMT Reuters TR20141029nL6N0SJ2N4X2 Open IMF Cuts Egypt's Growth Forecast Citing Concerns on Tourism Revenues http://www.zawya.com/story/IMF_Cuts_Egypts_Growth_Forecast_Citing_Concerns_on_Tourism_Revenues-ZAWYA20141029063044/ The International Monetary Fund cut its growth forecast for the Egyptian economy on the back of security concerns affecting vital tourism revenues. Wed, 29 Oct 2014 06:48:12 GMT Amwal Alghad ZAWYA20141029063044 Open OPEC daily basket price for Monday, 27 October 2014 http://www.zawya.com/story/OPEC_daily_basket_price_for_Monday_27_October_2014-WAM20141028083040776/ The price of OPEC's basket of twelve crudes stood at US$82.37 a barrel on Monday, compared with $82.48 the previous Friday, according to OPEC Secretariat calculations. Tue, 28 Oct 2014 08:47:48 GMT WAM (Emirates News Agency) WAM20141028083040776 Open Hamas Says Egypt Postponed Indirect Palestinian-Israeli talks http://www.zawya.com/story/Hamas_Says_Egypt_Postponed_Indirect_PalestinianIsraeli_talks-ZAWYA20141028065052/ According to Hamas the Egyptian government officially told the movement that Cairo has postponed indirect negotiations with the Israeli occupation authorities in Cairo. Tue, 28 Oct 2014 06:58:55 GMT Amwal Alghad ZAWYA20141028065052 Open Egypt to step up military trials after Sinai attack http://www.zawya.com/story/Egypt_to_step_up_military_trials_after_Sinai_attack-TR20141027nL5N0SM1P3X2/ Egypt expanded the jurisdiction of military courts to try civilians accused of attacking state facilities or blocking roads. Mon, 27 Oct 2014 12:51:02 GMT Reuters TR20141027nL5N0SM1P3X2 Open Egypt court orders arrest of leading activist Abdel Fattah http://www.zawya.com/story/Egypt_court_orders_arrest_of_leading_activist_Abdel_Fattah-TR20141027nL5N0SM2JPX2/ An Egyptian court detained leading activist Alaa Abdel Fattah and 20 others on Monday pending a retrial on charges of breaking a law that seeks to curb protests, judicial sources said. Mon, 27 Oct 2014 12:31:38 GMT Reuters TR20141027nL5N0SM2JPX2 Open Egypt Suez Canal revenue at $469.7m in September http://www.zawya.com/story/Egypt_Suez_Canal_revenue_at_4697m_in_September-TR20141027nL5N0SM1YBX3/ Revenues from Egypt's Suez Canal reached $469.7 million in September, down from a record $510 million in August, the state information website said on Monday. Mon, 27 Oct 2014 11:09:46 GMT Reuters TR20141027nL5N0SM1YBX3 Open UAE firm set to produce 300,000 tonnes of wheat in Egypt's Toshka http://www.zawya.com/story/UAE_firm_set_to_produce_300000_tonnes_of_wheat_in_Egypts_Toshka-TR20141027nL5N0SM19DX2/ UAE-based Al Dahra Agriculture is looking to produce 300,000 tonnes of wheat from an investment in Egypt's southern desert by the year 2016, the vice chairman of the firm said on Monday. Mon, 27 Oct 2014 10:38:30 GMT Reuters TR20141027nL5N0SM19DX2 Subscription Egypt's Cabinet to Approve Investment Law in 2 Weeks: Minister http://www.zawya.com/story/Egypts_Cabinet_to_Approve_Investment_Law_in_2_Weeks_Minister-ZAWYA20141027073201/ Egypt's long awaited new investment law will be approved by the cabinet within two weeks, said Minister of Investment Ashraf Salman. Mon, 27 Oct 2014 07:36:10 GMT Amwal Alghad ZAWYA20141027073201 Open Dubai Retail Giant Majid Al-Futtaim Eyes a new Financing from NBE http://www.zawya.com/story/Dubai_Retail_Giant_Majid_AlFuttaim_Eyes_a_new_Financing_from_NBE-ZAWYA20141027072432/ UAE leading retail developer Majid Al-Futtaim (MAF) is seeking a new financing from Egypt's largest state-owned bank, the National Bank of Egypt (NBE). The targeted financing is designated for MAF's new expansions in Maadi and New Cairo districts. Mon, 27 Oct 2014 07:33:12 GMT Amwal Alghad ZAWYA20141027072432 Open Egyptian Banks' Deposits Grow 20.2% In July: IDSC http://www.zawya.com/story/Egyptian_Banks_Deposits_Grow_202_In_July_IDSC-ZAWYA20141027071107/ The report stated that deposits reached EGP 1,456.9bn in July 2014 compared to EGP 1,212bn for the same period in 2013. Mon, 27 Oct 2014 07:16:46 GMT Amwal Alghad ZAWYA20141027071107 Open EXCLUSIVE -Samsung Heavy, Engineering eye $10b MENA energy projects in 2015 http://www.zawya.com/story/EXCLUSIVE_Samsung_Heavy_Engineering_eye_10b_MENA_energy_projects_in_2015-ZAWYA20141027062433/ Samsung Heavy Industries and Samsung Engineering, whose shareholders approved a merger between the two Korean firms on Monday, will bid for over $10 billion worth of projects in the MENA region between 2014 and 2015, a senior official at Samsung Engineering said. Mon, 27 Oct 2014 07:09:24 GMT Zawya Projects Insight ZAWYA20141027062433 Open Vodafone Egypt negotiating USD560m credit line http://www.zawya.com/story/Vodafone_Egypt_negotiating_USD560m_credit_line-TR20141026nL5N0SL1DWX2/ Vodafone Egypt, the country's largest mobile carrier, said it was negotiating a EGP4 billion (USD 560 million) credit line with a consortium of seven banks. Mon, 27 Oct 2014 04:07:50 GMT Reuters TR20141026nL5N0SL1DWX2 Subscription Egypt's Sisi gives go ahead for grain storage logistics hub http://www.zawya.com/story/Egypts_Sisi_gives_go_ahead_for_grain_storage_logistics_hub-TR20141026nL5N0SL18WX2/ Egyptian President Abdel Fattah al-Sisi has given the go ahead for a "global logistics hub" for grain storage, one of several efforts the government is pursuing to boost efficiency in the sector and lower imports. Mon, 27 Oct 2014 04:01:30 GMT Reuters TR20141026nL5N0SL18WX2 Open Egypt, after Sinai attacks, postpones talks on Gaza's future http://www.zawya.com/story/Egypt_after_Sinai_attacks_postpones_talks_on_Gazas_future-TR20141026nL5N0SL097X2/ Egypt said it was postponing talks in Cairo on cementing the Gaza war ceasefire after closing its border with the Palestinian enclave in response to deadly attacks in the Sinai peninsula. Sun, 26 Oct 2014 12:42:57 GMT Reuters TR20141026nL5N0SL097X2 Open Egyptian court jails 23 activists for violating protest law http://www.zawya.com/story/Egyptian_court_jails_23_activists_for_violating_protest_law-TR20141026nL5N0SL0R2X2/ An Egyptian court sentenced 23 young activists to three years in jail on Sunday for violating a law that forbids protesting without a permit, judicial sources said. Sun, 26 Oct 2014 12:30:41 GMT Reuters TR20141026nL5N0SL0R2X2 Open 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 Subscription 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 Subscription 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 Subscription 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 Subscription 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 Subscription 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 Subscription 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 Subscription 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