Latest in Tag: Daily News Highlight
Latest in Tag: Daily News
Finance ministry denies claims of leniency for traffickers
Ministry will not forgive accused traffickers of weapons, drugs and artifacts
Security forces continue their pursuit of militants in southern Sheikh Zuweid
During the campaign a number of militants thought to have carried out attacks against security forces were arrested and transferred to the proper authorities for investigation.
Twitter IPO will be hot but with risks
This suggests a market value of some $15bn for the initial public offering (IPO), PrivCo says, using a “conservative” pricing at 30 times its annual revenue.
Morsi supporters deprived of basic legal rights: Amnesty International
The international rights group expresses concern that supporters of the ousted president are arbitrarily arrested and denied legal rights.
Mobile companies Q2 indicators released
Mobinil releases service quality rankings, detailing dropped calls, voice quality
Vodafone leads sound quality in Cairo
Case of suspected fatal torture by police reported
Many questions remain unanswered over a new case of police brutality
Tourism rates decrease 24.5% year on year in July: CAPMAS
The report showed that the total number of nights spent by tourists in Egypt decreased 40.1% year on year last July, totaling 6.8 million, compared to 11.4 million in 2012.
Dollar exchange rate stabilises
Expected to increase in coming days due to decreases in supply
CMA to authorise exchange traded funds
Exchange traded funds serve as open investment funds which follow the movement of specific indicators, listing and trading their supplementary documents on the stock market as shares and bonds.
Wheat stocks sufficient until February: Supply minister
The government had recently been forced to import 80,000 tons of wheat to make up for shortages witnessed in strategic stock during previous periods.
Manufacturers discuss ‘stimulus’ with planning ministry
Egyptian Manufacturers Association meets with the Minister of Planning to discuss challenges facing industrial sector and government’s stimulus plan to boost economy
Volunteer youth group to be created to monitor government projects
According to a press release put forth by the Ministry of Planning on Monday, El-Araby suggested that Tamarod youth members host a series of meetings with all of the country’s governors and ministers in order to propose new ideas for projects.
Egypt slides in World Bank competitiveness rankings
Egypt drops by 11 positions to reach 118th place in this year’s Global Competitiveness Index (GCI)
Debt paralyses coal production
Egyptian Mineral Resources Authority calls for government forgiveness of coal mining debt
Al-Tayar Al-Sha’aby calls for march against US intervention in Syria
Movement calls for a peaceful march to voice opposition to a potential US military strike on Syrian regime targets
New occupational diseases covered health insurance
Occupational cancer was added to the list of covered diseases, which occurs in environments where employees are exposed to the burning of fuels and coals, in addition to mental illnesses which may arise after having been exposed to violent accidents.
Stock exchange denies being privatised
Stock exchange management denies claims that it would be privatised, citing outdated nature of study
Finance ministry talks wages
Ministry of Finance: No changes to minimum wages set to occur; measures to implement maximum wage caps in process
Iran FM slams Syria strikes as ‘illegal’
Iran, a staunch supporter of the Assad regime, actively opposes plans by the US and France to launch a military strike against Damascus over its suspected use of chemical weapons in deadly attacks on 21 August.
Minister of Manpower ratifies new board for Trade Union Federation
ETUF votes on replacing its head Gebaly El-Maraghy with Abdel Fatah Ibrahim; Minister of Manpower ratifies the decision
Officer and two soldiers killed in Sheikh Zuweid IED explosions
Police and army forces recently conducted the largest and most violent military operation seen yet against militant locations in southern Sheikh Zuweid and western Rafah.
Seventh heaven for Meguid in Yokohama
Meguid, the world No43 from Giza, reached the final without dropping a game.
Banks demand security
Egyptian Trade Union Federation asks interior ministry for extra security at bank branches
Al-Salafiya Al-Jihadiya calls the Egyptian Army “liars”
Jihadist group in Sinai accuses the army and state media of misrepresenting events in Sinai
NBE to defer EGP5bn in loan payment installments
The National Bank of Egypt (NBE) will defer EGP5bn of debt payment installments for clients operating in Egypt’s tourism sector
Galal to Beltone Financial: Egypt targeting budget deficit of 9% in 2013-2014
The conference call is the second held by Beltone following last week’s call with presidential advisor Mostafa Hegazy.
Central Bank of Egypt sells $1.3bn in its first exceptional auction
CBE set to hold an exceptional dollar auction of $1.3bn on Wednesday for banks in attempt to cover clien’’s outstanding import needs
Euromoney Conference to debate how to accelerate Egyptian economy
Banks outlined the main objectives of the 2013 Euromoney Egypt Conference, including the need for viable and inclusive dialogue on the true state of the Egyptian economy and the impact of instability on domestic and foreign investment.
Al-Nour Party mulls participation in Constituent Assembly
The Salafi party reiterates its hesitancy in participating in amending the constitution
Eurozone escapes recession: Eurostat
Analysts welcomed the figures, which reinforce other survey findings, but were also cautious as the debt crisis continues to sap the economy and unemployment runs at record highs.