Latest in Tag: Daily News Highlight
Latest in Tag: Daily News

More Egyptians return from Libya, Yemen
25 Egyptians returned from Yemen, 189 from Libya on Sunday
Sobhi makes new appointments in military leadership
Senior army officials are promoted by defence minister
Palm Hills, MNHD sign MoU establishing residential project
Project’s revenues will range between EGP 4.6bn to EGP 5.5bn
UPDATE: North Sinai blast kills 6 military personnel: Army spox
Militant group State of Sinai claim responsibility for second attack of the week

World Bank provides $400m towards supporting 1.5 million Egyptian families
Families to receive support will be chosen carefully to ensure resources are sent to the poorest sectors and those desperately in need

Annual inflation jumps to 11.8% in March
CAPMAS attributed the rise to increase in food commodities’ and beverage products’ prices by 9.3%
Egyptian-Sudanese agreement to provide postal parcels
A Sudanese Post delegation visited Egypt in the framework of Egyptian interest in promoting means of cooperation with other countries

Arab Fund loans Egypt $216m for power station
Egyptian minister of international cooperation held meetings in Kuwait, in framework of the annual meetings held by Arab financial institutions

NUCA budget doubled to EGP 28bn in FY 2015/2016
New Upper Egypt cities will have a share in Authority’s development plans

Prosecutor General refers 379 to criminal court over Al-Nahda sit-in
Defendants face charges of murder, possession of weapons, arrest and torture of civilians

Citizens ‘may be executed any minute’: Anti-death penalty group
“This is not a punishment, this is murder,” lawyer says

Shell to acquire BG for $70bn
25% increase in oil and gas reserves of Royal Dutch Shell

Officials reflect on possibility of 12 million tourists targeted by year-end
Egypt targets 20% growth in tourist numbers next winter, 15% next summer

Tourism revenues rise to $4.5bn in 1H current FY: Official
Ministry of Tourism aims to increase sector’s income to $10bn by end of fiscal year 2014/2015, compared to $5.1bn last year
Dar Al-Ifta condemns ‘racist’ US bus poster campaign attacking Islam
Posters on buses in Philadelphia equated Islam with Nazism as “Jew-hating”

Al-Sisi to Interior Minister: Balance between security, human rights should exist
The president reviewed the ministry’s efforts in maintaining security
Exhibition in the memory of painter Mahmoud Said
Nine of these paintings have Said’s signature on them. For his 118th anniversary, the loyal art-lover and fan showcased printed and magnified versions of his original paintings in her art gallery.

DrBridge seeks investments at $4m to start foreign expansion: CEO
We plan to expand externally by the end of 2015, and are choosing between Saudi Arabia, Nigeria and South Africa, says Barsoum

€1.2bn total grant aid from EU for 200 projects: EU Ambassador
Egypt needs economic growth for the many not the few, Moran says

Calls for legalisation of hashish in Egypt spark controversy
If money is all that matters, we should legalise prostitution and arms trade, says researcher

Joint statement from prominent rights organisations condemn radio director’s arrest
Arrest of Ahmed Samih is another instance of “ongoing campaign to intimidate and terrorise human rights defenders”

Finance ministry to borrow EGP 249bn through bonds, treasury bills
The ministry will issue treasury bills worth EGP 33.5bn for 91 days, and EGP 40bn for 182 days

Kuwaiti Fund loans Egypt $1.5bn
With latest aid, KFAED’s financial support to Egypt totals 40 loans

Foreign reserves record $15.29bn end of March
The reserves figure remained within the same range since the beginning of 2015

1948 Palestinian refugee descendants cannot afford residence permit renewal
Nearly 5,000 Palestinians live in poverty in Sharqeya governorate

Employment, detention, and registration: On Syrian refugees in Egypt
Dozens still held in prison in Alexandria despite release order

MIDOR, Gas Cool, El-Neel oil marketing seek bourse listing
Ministry of Supply also studying FIHS’ listing

Gulf Capital receives ‘Firm of the Year’ award
Gulf Capital has been actively investing in private equity and credit and mezzanine arenas

Slight increase in number of internet users last December
Meanwhile, the number of internet users through USB reached 4.5 million by the end of last December, compared to 3.9 million last November, achieving a growth rate of 1.4%.
3 injured in Aswan bomb explosion
No deaths reported