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Latest in Tag: News


One Killed in Egypt as Police, Islamists Clash: security

AFP –  At least one person was killed in clashes in Egypt Friday as police dispersed protesters loyal to ousted Islamist president Mohammed Morsi, security officials said. Police clamped down on protests in several cities, firing tear gas at the Islamists who aimed fire works at the riot police in one incident, police officials said. …

Daily News Egypt

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Mobile app use jumped over 100% in 2013

Deloitte’s annual technology predictions report published shows that in the UK at least one of the world’s most mature mobile markets the number of text messages sent over the course of 2013 fell by some 7 billion to 145 billion messages.

Daily News Egypt

Orascom Construction suspends tax payment to Egypt

Reuters – Orascom Construction Industries has suspended payment of a 31 December instalment of an EGP 7.1bn ($1.02bn) tax settlement with Egypt’s government, its Amsterdam-listed parent company OCI NV said on Wednesday. The settlement was agreed last April, when Islamist President Mohamed Morsi was still in office, and related to claims the company had failed …

Daily News Egypt

GB Auto to supply Gazpromneft Lubricants products in Egypt

Reuters – Egyptian car assembler GB Auto has agreed an exclusive local distributorship deal with Gazprom Neft, the oil-producing arm of Russia’s Gazprom, to expand into Egypt’s lubricants market, it said on Wednesday. “Egypt today has a huge economic potential. Its lubricant market is estimated at 400,000-450,000 tonnes and shows 4 to 5% annual growth,” …

Daily News Egypt

Dubai’s Arabtec wins $705m Abu Dhabi contract

Reuters – Major Dubai-based builder Arabtec Holding said on Tuesday that one of its units had been awarded a AED 2.59bn ($705m) construction contract on Abu Dhabi’s Al Reem Island. The project will house a five-star hotel and a residential tower, and will be built within three years, it said in a bourse statement, adding …

Daily News Egypt