Latest in Tag: Daily Highlight
Latest in Tag: Daily
Stock market surpasses 9000 points for first time since 2008
CEO of Catalyst Partners Finance and Stock denies relation between the surge and the Suez Canal Axis Development project inauguration
Egypt, Saudi Arabia, UAE to discuss details of economic conference
Prime minister says conference will take place in either November or the beginning of 2015
Mortgage finance down 17.1% year on year in first half of 2014
The effect of the CBE mortgage finance initiative to finance low-income housing projects will be felt in the second half of the year, says Cairo University professor
Al-Betagy, Hegazy torture trial postponed
Leading Muslim Brotherhood members accused of kidnapping and attempted murder
Group vows to post blacklist of businessmen not donating to Long Live Egypt Fund
Campaign aims to prompt citizens to boycott companies and products of businessmen who did not donate to the fund
Car sales register 56% year-on-year increase in June: AMIC
Report says figures show a significant rise from the same time in 2013, with Chevrolet being the most popular brand
Connections between Muslim Brotherhood and Islamic State: Ministry of Religious Endowments
Both groups use “vandalism, destruction and murder”, according to a new statement
Car bomb explodes, another prevented in Giza
Rural village rocked by early morning explosion killing 3
3 arrested during Friday protests
Small demonstrations disbursed peacefully, says interior ministry
‘The government…has little interest in financial support for housing’: EIPR
New report criticises Egypt’s affordable housing programmes
IDA tenders more than 1,270 land plots for first time since 25 January
IDA will accept the applications from 24 August to 25 September, organisation head says
Ration card commodities prices increased for quality improvement: Ministry of Supply spokesman
New ration card system provides citizens 20 privately and government-produced products including meat and chicken items, ministry says
56 Egyptians dead or missing after boat capsizes
Passenger were attempting to immigrate to Italy, rescue operations continue
Al-Sisi ‘illegitimate tyrant’: Erdogan
Turkish prime minister criticises Egyptian president over Gaza
UAE to consider providing $3bn in guarantees for debt to foreign partners: Official
A delegation from the Abu Dhabi Investment Authority (ADIA) will arrive in Cairo in the next few days to discuss investing in government debt worth EGP 15bn, a figure that may double in the future, according to a senior Egyptian government official. The official added that the fund will be underwritten in bills and bonds, …
BP invests $10bn in Egypt
British oil company’s north Alexandria project will start production in 2017
Former MP sentenced to prison
FJP’s Farid Ismail to serve seven years for inciting violence
Tourism buses to offer public transportation services in Greater Cairo within weeks
Ministry of Transportation says that Cairo governorate will be responsible for managing the buses
Economists forecast inflation jump in July following fuel price hikes
CBE can control inflation rates through increasing interest rates orVice Chairman of Egyptian Association for Financing and Investment Studies
Mergers and acquisitions in Middle East up 250% in Q2 2014
The value of M&A deals in Q2 records $14bn, a Thomson Reuters report says
IMF suggests cash transfers to improve subsidies targeting
Egypt needs adequate mitigation measures, gradual price increases, and better public communication
1,300 MW addition to electricity grid in August may not end power outages: Energy expert
Energy expert Mohamed El-Sobky says if natural gas supplies to power stations do not increase, power outages will continue
Government adopts new electronic system to track progress on development projects
The new system allows the government to electronically monitor the implementation of various government projects
Administrative reform, social safety net to help economy reach 3.2% growth: Planning minister
El-Araby says the government will announce an administrative reform road map to improve the efficiency of government’s institutions, services and employees this week
Russian tourist raped in Sharm El-Sheikh
Suspect, a minibus driver, in custody
‘Long Live Egypt Fund’ receives over EGP 400m in donations
Latest donation was from a Saudi businessman who contributed EGP 214m to the fund, CBE says
Environment ministry and Microsoft discuss developing monitoring systems
Minister of Environment Khaled Fahmy seeks development of monitoring system for process of transferring coal and vehicle exhaust emissions
Amnesty International denies reports they were invited to work with Fact-Finding Committee
No offer of cooperation made, said international human rights watchdog
Human rights are a chief concern: Al-Sisi
President meets with NCHR head
Carrefour to fix basic food items’ prices until end of 2014: Executive Regional Director
The items in question include essential goods such as rice, oil, sugar and other commodities, Herve Majidier says