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

Egyptian banks show ‘impressive growth’ but fall short in Tier 1 capital: The Banker’s report
Tier 1 capital, a core measure of a bank’s financial strength, of National Bank of Egypt and CIB fell to reach the 404th and the 535th position respectively
US pulls diplomats out of Libya following fresh clashes
123 Egyptians prevented from entering Libya on Friday

Delay in imports of gas for electricity threatens the industrial sector in Egypt
EGAS stopped pumping gas to MOPCO, EFC, and EBIC factories; reduction of 80% of gas needs of cement plants

Sanitary measures imposed on Egypt have negative impact on export: ERF
Government should support firms to increase their quality and productivity in order to export

One child killed every hour in Gaza: UNOCHA
Palestinian death toll over 650, mass displacements, airstrikes, and shelling continue

French contractor to supply Egyptian navy with 4 frigates: Industry source
Egypt would be the globe’s second non-French operator of ultra-modern Gowind-class corvettes
Foreign ministry welcomes Libyan parliamentary election results
The foreign ministry congratulated Tuesday its western neighbour Libya after the conclusion of parliamentary elections. “Egypt is looking forward to working with the House of Representatives,” a statement released by the Foreign Ministry said, adding that Egypt hopes Libya will “as soon as possible complete the steps of forming a government and building the rest …
Dozens more killed in Israel’s Gaza operation
Palestinian death toll breaks 600, while 25 Israeli soldiers and 2 civilians have been killed

Returns on treasury bills rise, negative impact on economic growth expected
Prices jumped 1% for returns on treasury bills in the hours after central bank raised the interest rates by same amount

Tourism ministry to launch campaign to encourage Europeans to visit Egypt
Tourism authority official says lifting travel warning important step to restore tourism from Europe
Maximum wages announced, regulations show no exemptions
Judicial positions, police forces, holding companies, authorities and economic bodies all included in maximum wage plan
Egypt Cup goes to Al-Zamalek, Smouha left empty-handed
Alexandria’s Smouha mourns after league loss; miss out on cup title, beaten by Cairo giant Al-Zamalek in final

Cairo Nile Shuttle contracts fibreglass company to manufacture Nile taxis
The River Transport Authority is considering the possibility of issuing an experimental operating license for river taxi activities in cooperation with other government bodies involved with Nile River navigation.

EIPR criticises state budget as ‘unfair to the poor’
Personal rights organisation expresses concerns about the status of the poor in light of approved FY 2014/2015 state budget

Security Council calls for ceasefire, Gaza death toll rises
UN Security Council expresses “concern” over Gaza crisis, Palestinian death toll surpasses 500
Egyptian FM calls Moroccan counterpart after prostitution comment
An Egyptian television host claimed the Moroccan economy was based on prostitution
Foreign ministry urges Egyptians in Libya to take measures of ‘extreme caution’
Ministry is facilitating the safe return of Egyptian citizens from Libya following the killing of 22 Egyptian guards near the Libyan border
New app fights black market pharmaceuticals
A group of young Egyptian programmers, who call themselves GENU, has developed a smartphone application that can differentiate between genuine and fake drugs

Youm7 against the purchase of visits to websites
Egyptian newspaper negotiates with Promo Media to develop criteria for ranking news websites

Al-Borsa website takes the lead in Egyptian economic publications: Alexa ranking
Al-Borsa plans to become an economic news agency at the end of this year, and hopes to expand regionally by launching specialised sites for Arab markets throughout the rest of this year.

Nuclear plant tender to launch by year’s end; winning country to finance project: El-Osery
Project could cost up to $5bn and will be implemented over 5 years, nuclear expert

Sexual assault verdict ‘first step’: NGOs
Twenty-two civil society organisations hold state responsible for further action against sexual violence
Rafah rocket likely stray from Gaza: Security official
Officials say rocket that wounded soldier was meant for Israel

Ireland and Denmark lift travel advisory on Sharm El-Sheikh
Ireland follows in the footsteps of Denmark, Italy and Germany

SODIC, CIB sign EGP300m loan for Westown project
Project expected to yield around EGP1.3bn, company says

Son of ousted president arrested in train station
Security forces allege Abdullah Morsi was trying to flee country

Tripartite talks on Ethiopia dam to resume
Egypt, Ethiopia, and Sudan agree to resume negotiations over Grand Ethiopian Renaissance Dam
Palestinian death toll rises with Israeli ground assault
More than 30 Palestinians and one Israeli killed

Egyptian FM in contact with Arab, international leaders over Gaza escalation
Sameh Shoukry makes efforts to stop Palestinian bloodshed

Israel launches ground offensive in Gaza
Following failure of ceasefire, Israel puts boots on the ground in Gaza