Latest in Tag: News Highlight
Latest in Tag: News

Fahmy begins UK visit
Terrorism and Middle East peace process top foreign minister’s agenda in London

Next Egyptian parliament to have 630 seats
Number of representatives in next parliament will be extended up to 630 member, 600 of which elected and 30 appointed by the president

BG pumps $1.5bn in Egypt in 2H 2014
The British firm aims to increase its natural gas production to 500m cubic feet of gas per day
Egypt to manage UN nuclear arms debate
Egypt’s UN representative in Geneva to push for Nuclear Weapons Free Zone in the Middle East
FDI records $2.8bn in first half of 2013/2014 fiscal year
Compared to $3bn foreign direct investment in 2012/2013, the FDI figure in the first half of the current fiscal year represents a positive economic outlook
Palestinian among arrested as Sinai security operations continue
One recruit dies following Sunday gun fight in North Sinai

EU Ambassador to Egypt applauds government measures to improve business climate
Government’s initiative to rationalise legal framework for investment will encourage businessmen, Moran says
Army recruit killed in Sinai gunfight
Armed forces vows to eradicate “black terrorism and groups of darkness” from Egypt
25 Brotherhood members acquitted
Mansoura court acquits 25 Brotherhood members accused of participating in violence in August 2013

Al Jazeera’s Elshamy could ‘die within a few days’: Doctor
Journalist in critical condition as hunger strike reaches 111 days

New price formula for natural gas set at $2 minimum per 1m BTUs
The second method links the price of gas to the international price per ton of urea and ammonia and is applied directly to the manufacturer, according to the official.

Egypt imports 12 shipments of liquid gas, averaging $17 per 20m BTUs
One shipment is about 170,000 cubic metres.

Ethiopia unresponsive in dam negotiations: Foreign minister
PM Mehleb stresses Ethiopian Dam situation will not result in conflict

Plants need EGP 60m per day to keep electricity flowing this summer: Official
The government will rely on loans and grants from Gulf countries to fund the deficit, says head of the Egyptian Electric Utility and Consumer Protection Regulatory Agency

Mubarak incitement trial postponed
On Monday Cairo Criminal Court will hear testimony from former state security chief

Brotherhood calls for military ‘to return to its barracks’
Despite campaign promise to eliminate them, Brotherhood calls for democracy and unity to “remove Egypt from tyranny”

UAE, Saudi Arabia provide Egypt with $2.6bn in grants in Q1 2014
Egypt has made various offers to the UAE, Saudi Arabia and Kuwait regarding a number of projects, including the establishment of laboratories for refinement areas in Ain Sokhna, the North Coast, Alexandria and Upper Egypt.
Investment Law amendments nullify 20 lawsuits against government contracts, raising corruption fears
New legislation nullifies claims regarding the sale of the Bank of Alexandria, the National Bank for Development, Misr International, and Palm Hills

Alaa Abdel Fattah trial postponed as bench asked to recuse itself
24 defendants are accused of violating the Protest Law last November

Sisi promises to reclaim 4m acres of lands
Al-Sisi’s plan targets offering between 50,000 and 100,000 acres of lands to various Egyptian governorates to help with housing, agriculture and industrial projects, he said. The distribution of these lands would be overseen by the state, he added.

Some improvements for Syrian refugees in Egypt: UNHCR Egypt
Foreign ministry stresses need for international cooperation to assist with Syrian refugee crisis

Al-Sisi pledges to control rising prices
Presidential candidate asserts he will not depend on fixing prices as a means of control

Race for championship play-off spots heats up
Results in Group 2 set up an exciting end to the season, Al-Ahly look to secure a playoff spot in Group 1

Egypt hosts second highest number of passing submarine cables: Communication minister
Atef Helmy says 16 submarine cables are currently passing through the country

Domty secures 3 consulting offers to study listing in EGX: Company chairman
The company plans to float 30% of its shares in an initial public offering within two years
SEC approves international election observers
European Union launches monitoring mission

Two new public companies to be listed in EGX by August: Transportation minister
The ministry aims to increase the capital of the newly-established Railway Development Company to $10bn, Ibrahim El-Demeiry says.

Carbon tax implementation awaiting completion of environmental standards for coal usage
Head of the cement industry division at the Federation of Egyptian Industries says cement factories would respect the law if the tax was issued

Burning coal is toxic for health, environment: Greenpeace
The process of mining, burning, and disposing of the word’s dirtiest fuel contributes to climate change and health problems, says international environmental NGO

Preparations for high-level Egypt-Palestine talks underway
Reconciliation efforts continue in Doha between Palestinian leaders