Latest in Tag: Daily News Highlight
Latest in Tag: Daily News
What Security Investors Really Want
Highest among their concerns was not, as you might expect, the physical security situation.
Civil Aviation Minister: steps being taken to raise the absorptive capacity of Egyptian airports to 40 million passengers by 2025
Civil Aviation Minister Abdel Aziz Fadel stated that this move comes alongside efforts to further develop EgyptAir’s aircraft fleet.
Abu Deraa military trial postponed to Wednesday
Sinai journalist continues to face military trial
Abd al-Nur announces that industrial lands not to be included in bids and tenders law
Abdel Nour added that Egypt’s government had recently entered into negotiations to pay back the debt held by the Egyptian General Petroleum Corporation (EGPC) to mining companies, estimated to total $5.5bn, in order to provide incentive for international companies to increase their production within the country.
Banha electrical power plant to begin providing services next month: Ministry of Electricity
The project will be implemented using a total of 17 multiple processes. This will be done to allow the largest number of local companies possible to take part in the project, whose total cost is estimated to reach EGP 4.450bn.
EGP 8.816bn in electronic payments made in monthly taxes and customs duties payments
An additional 1,200 post offices have also begun taking part in the system, bringing the total number of participating payment stations to 4,520. He added that the system had been set up during July and August of last year.
Uncertain future for Muslim Brotherhood’s businesses
The Brotherhood has no economic activities, says FJP head of economic committee Abdullah Shehata
Privatisation of Tanta Flax and Oil Company is illegal: Supreme Administrative Court
Verdict deemed final and enforceable; Minister of Manpower attends court session
Islamic games open in Indonesia
The opening ceremony in Palembang, a city on Sumatra Island, was modest, reflecting the lack of funding for the event.
Brotherhood party paper says it was closed
The Freedom and Justice newspaper condemns security forces’ actions while ministry denies raiding offices
Talks on Alibaba IPO in Hong Kong break down: report
The world’s largest online retailer operates China’s most popular e-shopping platform Taobao, which has more than 90% of the country’s online market for consumer-to-consumer transactions.
Minister of Finance reassures EFG-Hermes on economy prospects
Minister Ahmed Galal discussed in a conference call with EFG-Hermes the government’s plans to boost economy and encourage investors
“Do you know where I can…? Just Google it!” The evolution of the world’s most popular search engine over 15 years
Google originally started off as a search engine in 1998 that provided users with an index of websites and links that matched their inputted keywords.
Travel bans to Egypt are lifted by three European countries
Holland, Belgium and Czech Republic removed their travel alerts
Ailing BlackBerry agrees to $4.7 billion buyout
BlackBerry was once a leader in mobile technology, but has been squeezed out by rivals Android and Apple, which coincidentally announced record sales of its latest iPhone on Monday.
Egypt has the largest number of Facebook users in the Arab world: report
Egypt is the 1st Arab country and the 17th worldwide that uses Facebook the most
Ministry of Social Solidarity to forestall Muslim Brotherhood ban until final judgment
Attorneys who won the verdict say “ministry is compelled to execute the judgment if not appeal is made”
Displaced Syrians give life to ghost industrial park
Most are now shuttered, and residents of Aleppo displaced by the fighting between regime forces and rebels have set up home there as they struggle to survive.
Sultan found guilty of insulting Shafiq
Detained deputy leader of Al-Wasat Party fined a total of EGP 40,000 for insulting former prime minister
Saudi ready to cover any global oil shortage: minister
Officials from Iraq, the second largest producer in oil cartel OPEC, were quoted on Monday as saying that the country had restored normal output after completing repair work on a pipeline leak.
Government mandates high consumption factories to use renewable energy to meet half their needs
Ahmed Imam, Minister of Electricity and Energy, stated that the decision will seek to have high energy consuming factories meet 50% of their needs using new and renewable energy sources capable of producing 970 megawatts of energy.
Fahmy discusses Egypt’s transition and regional affairs with diplomats
The Egyptian foreign minister discusses Syria, Palestine, tourism, and Egypt’s transitional roadmap with other diplomats in New York City
Oil prices slide on easing Middle East concerns
New York’s main contract, West Texas Intermediate, for November sank to $103 — the lowest point since 8 August.
EIPR comments on new Swiss law to freeze, seize and recover smuggled assets
EIPR, as part of its work on issues related to the recovery of smuggled funds, obtained an Arabic translation of the new law, saying that it included discussion on all issues related to the freezing, seizure and recovery of assets deposited by foreign dictators.
European stock markets stable after Merkel win
Chancellor Merkel’s triumphant conservative Christian Democrats (CDU) won 41.5% of the vote.
Deposit withdrawals, strict procedures to protect banking sector: Bank Employees Union
Business is proceeding as normal within banks, he said, adding that strict security measures had been taken at bank entrances and exits, in order to prevent acts of theft and robbery from taking place at various branches.
Finance ministry hopes to cut budget deficit to 10% after minimum income implementation
The new law will cost the Treasury upwards of EGP20bn.
EU’s Ashton fears for safety of Iran dissidents
The seven Iranian exiles, members of the People’s Mujahedeen Organisation of Iran (PMOI), disappeared during the 1 September violence in Camp Ashraf, Northeast of Baghdad, that left 52 people dead.
Iran takes control of Bushehr nuclear reactor
The Islamic republic’s atomic agency chief Ali Akbar Salehi confirmed on Sunday that Russia would hand over the 1,000-megawatt plant Monday.
Turkey peace process in limbo after Kurd pullout halted
Prime Minister Recep Tayyip Erdogan has, in turn, accused the PKK of breaking its promises, saying that barely 20% of its fighters had left Turkish soil for bases in Iraqi Kurdistan and most were women, children and the elderly.