Latest in Tag: DNE Highlight
Latest in Tag: DNE
RWE injects $300m into its area of concession for FY 2014/2015
Germany’s RWE, a Suez Oil Company (SUCO) partner, has increased investment allocations for the 2014/2015 fiscal year to approximately $300m compared to the previous $218m, according to a company official. The new investments will be utilised to drill new wells and develop others in the Ras Badran, Ras Fanar, and Gabal El-Zeit oil fields in …
Two security personnel killed in militant attacks
Conflict continues between militants and security forces
‘Djerbahood’ paints a new face on an old historic village
150 artists of 30 nationalities “leave their mark” on building walls of Erriadh village
More antiquities intended for smuggling detected, others to be returned soon: Tourism Police
Heavier legal price for those who ‘encroach on tourists’ even if victim drops charges, says assistant interior minister
Jumia online shopping app Google Play store favourite
The shopping application has been downloaded over 100,000 times, the company announced this week
‘Baseta’: a new service to finish government documents
The service aims to help Egyptians to extract or renew governmental documents including ID cards, passports, marriage documents and death certificates.
Fuel distribution monitoring via GPS and smart card system reduces smuggling by 60%
The official added that EGPC has recently faced difficulties in monitoring fuel distribution and following up on shipment arrivals at depots and then to stations.
Government to conduct consultations with IMF to enhance cooperation: Abdel Nour
Egypt is an important economic partner and we aim to increase American investments in local market in coming months, says US secretary of state advisor
VFS Tasheel causes concern over recruitment practices
Expatriate Egyptians acquiring visas through VFS Tasheel say the company is overcharging for visas, frequently asking for as much as EGP 25 just to obtain a number to stand in queues for services.
Absuive orphanage manager sentenced to 3 years
Videos of manager torturing underage children went viral on social networks, which resulted in the orphanage closing down
Egyptian film about the pyramids travels to London
‘Domestic Tourism II’ part of ‘Whose Gaze Is It Anyway?’- an exhibition looking at the history of Arab pop culture
German government to sell stake in energy giant RWE to Russian billionaire
Winner of the RWE bid is the second richest man in Russia
Exports reach $1.66bn in August: Ministry of Industry and Foreign Trade
Arab League highest importer of Egyptian goods in August, ministry’s report highlighted
Cabinet agrees to activate local Product Law
The law is working to deepen industry, Al-Sewedy says
The elimination of tax exemption is a ‘necessity’: Tax Authority head
Mostafa Abdel Qader, chairman of Egypt’s Tax Authority, requested that tax exemptions that Egypt has granted for decades be eliminated, stressing that Egypt has not reaped benefits from them and that they are a “type of intellectual colonisation”. “The imposition of taxes on dividends and capital gains represent a bigger step towards achieving greater justice,” …
Tourism ministry to form advisory council of travel companies and hotels: Zaazou
Advisory council to assist tourism minister with practical experience
Railway sector needs EGP 60bn for development: Transportation minister
Egypt recently agreed with several European countries to import 25 new trains
Shoukry to join Jeddah meeting on terrorism
Saudi Arabia hosts meeting to discuss combating terrorism and extremist organisations in the region
Abu Ismail sentenced to one year for insulting police
Former presidential candidate jailed for video describing police as ‘dogs’
Hunger striking activists to continue NCHR sit-in
Activists demand cancellation of Protest Law and the release of all political prisoners
Removal of electricity subsidies to happen over five years: Electricity minister
Government to introduce feed-in tariff for new and renewable energy “within weeks”, planning minister said Monday
Egypt pledges support for Ebola fight
Egypt to supply medical supplies and laboratory equipment for Ebola-stricken nations
Al-Beltagy, Hegazy handed 20 years
Former FJP leader and conservative preacher handed lengthy sentences for torturing policemen
Feed-in tariff for new and renewable energy to be announced within weeks: El-Araby
Ministry of Finance may act as guarantor between investors and Ministry of Electricity to ensure continuous power supply
€2,530 to participate in London tourism bourse next November: TAA
Tourism Activation Authority sets value for participation in tourism exhibition in London to motivate tourism influx to Egypt this year
Enough GCC aid will be made available: Merrill Lynch
IMF engagements on the other hand, are not expected to take place
60% of Suez Canal Holding put to IPO in 2 months: Oriental Weavers founder
Consultations between Investors Union, Exchange chairman and Suez Canal Authority head taking place to conclude procedures
Government looks to restore confidence in economy: Finance minister
Hopes to restore confidence in Egypt’s economy through tax legislation, reducing budget deficit
Three companies request approval on new energy, tourism projects: GAFI chairman
Three companies have requested approval for renewable energy, tourism projects worth EGP 1bn
11 amendments necessary to attract investors: EFIA
Eradication of bureaucracy, stability of regulations and establishment of free zones are among prerequisites for attracting investors, the association says