Latest in Tag: project Highlight
Latest in Tag: project
Giza governor announces EGP 7.5m project to boost tourism
Ministries of Tourism and Antiquities will bear the cost and the implementation of the project
France to support €80m employment project
The project, overseen by the Ministry of Planning, seeks to improve living conditions in disadvantaged neighbourhoods
NMT launches project to transship containers via water barges
New transportation service to start in two weeks, expected to save between three to five hours
Egypt-Saudi Arabia electricity interconnection project tendered in five international bids: Ministry of Electricity
Deadline for consultants offers’ extended to the 30 November
Tetra Pak to offer €250,000 in support to recycling project: Managing director
Company also plans investment in the project by 2016
Nature Conservation Egypt
NCE is a one of a kind organization that aims at helping wildlife in Egypt
Seats on the streets
1001 Street Chairs of Cairo documents the chairs that are scattered around the streets of Cairo
World Bank to fund electricity generation
Helwan South gas-fired power plant to help create jobs
Egypt and Germany sign €165m agreement
Deal part of debt swap agreement initially stalled by German Chancellor Angela Merkel
BuSSy empowers women through theatre
“BuSSy is a project intended to empower women and raise awareness about women’s issues through creative means,” says BuSSy Facebook page
Berwaz perfects impromptu photography
Berwaz aims to produce high-quality, spontaneous photographs that are both fun and artistic
EGP 5 billion promised for Cairo Gate development
Real estate giants Emaar and Al-Futtaim join forces for lifestyle and entertainment mega-project
Emirates Heights denies non-compliance allegations
Emirates Heights, a touristic real estate developer, hosted a roundtable with representatives from the Egyptian press to clarify the company’s position, after a series of protests against the company were triggered weeks ago, against the backdrop of late delivery of residential units in addition to a 30 per cent increase in units prices. Chairman of …
Kuwait injects $60.5 million into Egypt’s gas sector
The Kuwaiti government, represented by the Kuwait Fund for Arab Economic Development (KFAED), has a signed a deal to loan 17 million Kuwaiti Dinars ( $60 million) to aid the expansion and development of the Egyptian natural gas distribution grid. In the presence of Prime Minister Hesham Qandil, the Minister of Planning and International Cooperation …
What if foreign investment flows in?
Statements on investment and economic achievements made by Mubarak-regime ministers were never met with trust by the general public, while specialists could see that they were nothing more than media fireworks systematically set off to improve the picture of utter destruction the country’s state of affairs had reached. A simple review of the number of …
Presidential decree solidifies military control of land in Sinai
Within the coming few days a presidential decree is to be issued to amend Sinai Development Act number 14 for the year 2012, which Prime Minister Hisham Qandil’s cabinet approved in its last meeting, state-run Al-Ahram reported Saturday. According to Al-Ahram’s report, the presidential amendment stipulates the establishment of a National Authority for the Development …
France lends Egypt €940 million to complete third metro line
By: Hend El-Behary The French Development Agency (FDA) along with the European Investment Bank have granted Egypt a soft loan of €940 million for the construction and development of phase three of the third Cairo underground line, stated the Ministry of Planning and International Cooperation (MPIC). Minister Ashraf Al-Araby of the MPIC, in the presence …
This Is Muhammed enters Guinness World Records
The book narrating the life of the prophet Muhammed enters Guinness Records as the largest book in the world
Government promotes public-private partnerships
Driven by the current financial shortfall, the Egyptian government has begun discussions regarding prospective public-private partnerships (PPP). According to officials, PPP are intended to catalyse infrastructure development, of which the country is in desperate need. The Ministry of Finance launched the MENA Project Finance and PPP two day conference yesterday, under the patronage of Prime …
US supports Egypt’s technology infrastructure
The US business delegation, currently in Cairo for a four day visit, completed two US grant agreements to boost Egypt’s information and communication technologies infrastructure, Carl Kress, US Trade and Development Administration (USTDA) Regional Director for the Middle East and North Africa, announced yesterday. Developing information and communication technology infrastructure will help boost Egypt’s economic …
OCI net income declines in H1, positive indicators of a strong comeback
Orascom for Construction Industries’ (OCI) results showed a net decrease as at 30 June, although they project a positive outlook. This year’s first half results show that the company’s net income dropped by 42.6 percent to EGP 1.3 billion versus EGP 2.2 billion in the first half of 2011. However, this year’s quarter-to-quarter results show …
Nile University sit-in gains support from student activist groups
Government committee to convene on Tuesday in effort to resolve crisis
Morsy’s visit to China yields fruitful outcome
Seven co-operation agreements, $70m grant, are the major achievements of the visit
Armed Forces low-income housing project near completion
The project including 6,000 residential unites will be completed by the beginning of 2013
Debate over IMF loan persists
By Islam Serour Fears of negative consequences attached to the IMF loan is fuelling debate among Egypt’s business and economic community. Some worry the loan could worsen national debt if the Egyptian pound were to be devalued, while others debate whether the government should focus more on the country’s domestic fiscal position rather than relying …
Calls to fix energy pricesfor factories
The Exports Council for Construction Materials (ECCM) will hold an urgent meeting this Sunday to request Prime Minister Hesham Qandil fix energy prices for factories. The ECCM plans to ask for a detailed five year plan to fix energy prices for industries. Waleed Gamal Eldeen, Presidentof the ECCM, said the energy prices instability is causing …
Embaba Airport housing project to be completed by year’s end
By Mohamed Darwish The Greater Cairo Housing Authority (GCHA) has finished constructing 82 percent (2800 out of 3400 apartments) of the Embaba Airport housing project, in preparation for delivery to owners in December. General Hesham Abu Senna, Director of the GCHA, said the area has been provided with electrical power from the national grid and …
National Holding Company invests EGP 1.3 billion in Arab Countries
By Islam Serour The National Holding Company reported Saturday the contract values for its two affiliated companies, El-Nasr Company for Contractors and the Egyptian Contractors Company, amounted to EGP 1.363 billion in Arab countries, during the 2011-2012 fiscal year. According to the Holding company’s report, El-Nasr’s contracts in Sudan are valued at EGP 288.961 million. …
Negotiations to streamline Qatari investment obstacles underway
By Ehab El-Dobaby and Mohamed Ayyad Within the coming days, a number of officials and executive directors of Qatari companies operating in Egypt will engage in negotiations with the Egyptian government. The negotiations will hopefully streamline several conflicts pertaining to the investment contracts that were signed by these companies before the 25 January revolution. During …
More than halfway through the 100 days, Morsy has a long way to go
47 days before the end of his 100-day plan, Morsy still has a long way to go