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

New deliveries from 1m residential unitsâ project next week
Applicants benefiting from project have been raised to up to 50 years of age instead of 45
Finalising procedures of $3bn loan in June: EGPC Chairman
Work is being finalised on the procedures of obtaining a $3bn loan from the Islamic Development Bank (IDB), allocated to the Egyptian General Petroleum Corporation (EGPC). The procedures for the loan are set to be completed by June, said Chairman of EGPC, Tarek El-Mulla, adding that the IDB loan will be issued due to a …

4 public petroleum companies to be listed on EGX
IPOs of first two companies to be within Q1 of 2016
Agreement between PBDAC and EHCSS to use bankâs land to store wheat: Cabinet
Agreement will change Egypt to an international logistics centre that collects, stores and trades grains, says report

Egypt can return to era of good population policies: UNFPA Representative
A âdoomsday scenarioâ is possible but not inevitable with long term thinking from the government and families

War of revolutionary artists: Swedish journalist accused of using fund to remove satirical art
Male graffitist accuses Swedish-funded project of painting over revolution to save dignity, but is called sexist by projectâs leader

Foreign investments targeted for FY 2014/2015 range between $6-8bn
Minister of Investments says target may be lowered to $6bn

Egypt ranks 3rd in Worldâs Richest Arabs list: Forbes Middle East
Egypt contributes five names to top 20 Richest Arabs list

9.2 million children suffer from poverty
4.9 million children live under poverty line in rural Upper Egypt, 1.8 million in rural lower Egypt

Government studies introduction of unrated bonds: Investment Minister
The bonds will be offered to âsophisticated investorsâ, says Salman

Legalise hashish trade to combat budget deficit:Â Tobacco Traders
Legalising hashish trade will save EGP 4.2bn for national economy, says Salama

Zamalek blast kills policeman, residents leave streets
Some eyewitnesses reported on social media that it appeared that the device detonated from beneath the seat of a police officerâs covered seat

EGX sheds EGP 7bn
The market registers its largest drop since the beginning of 2015
PPP mechanisms main focus of Government & Developer Summit
The summit, entitled âThe new Egyptian experience for reconstructionâ, is set to raise the issue of the private sector participating in government mega projects

25% fee reduction for goods imported in Port Said
EGP 200m allocated for Port Saidâs development in FY 2015/2016

CBE sells $281m Sunday, instead of usual $40m to banks
This Sunday and 1 March saw larger than usual amounts supplied to banks, CBE sells $420m at beginning of March in interbank market

Suspect policeman in Shaimaa Al-Sabbaghâs killing faces trial 10 May
CSF officer accused of accidental killing, deliberate injury by shooting
Police detain human rights figure in radio station raid
Staff at Radio Horytna questioned over political allegiances and news production

Arabtec approval to be applied on NUCA partner projects
New Cairo, 6th of October, Sheikh Zayed and Al-Shorouk cities excluded from list of new cities in which both entities work together, says Housing Minister

Talks to be held mid-April for Arab Customs Union establishment: Ministry of Industry
To date, requirements for establishing the union have not been fulfilled by Arab member states

Imports of products with folkloric features to be banned: Abdel Nour
In 2014, at least 7,000 bazaars were shut down

5 years needed to implement Arabtec project
The Emirati companyâs profits from the project will not surpass 7.5% of projectâs cost
Egypt condemns IS advances on Yarmouk refugee camp
Local militias initially thwarted advance, but monitoring group announced IS is now almost completely in control of Yarmouk

Hotel room revenues to increase in upcoming period: Colliers International
Quarterly and annual forecast sees rise in room revenues compared to last yearâs corresponding periods
2 bombs explode in front of school in Giza
No causalities were reported

External debt decreases by 10.3% in December: CBE
Decrease due to repaying facilities and loans, as well as fall back on value of most currencies of borrowing versus US dollar

IGA appeals Al-Adly’s acquittal on corruption charges
Court had acquitted Al-Adly who was accused of illicitly obtaining EGP 181m

Egypt could be founding member of China-backed AIIB by mid April
Egypt will benefit as it will aid in developing much needed infrastructure sector, says former assistant to executive director of IMF

President Al-Sisi speaks to Obama as US aid resumes in full after suspension
Security by military force has been prioritised over democratic progress, but changes to terms of credit suggests White Houseâs support has changed

Last trial session for photojournalist Gamal Ziada commences
Press Syndicate members to attend court in solidarity