Latest in Tag: UAE Highlight
Latest in Tag: UAE
Kuwaiti investors threaten Egypt with lawsuit over land, accuse government of “lack of seriousness”
Dispute frustrates efforts to revive confidence in the economy, says lawyer Hany Sarie-Eldin
Cairo ICT 2014 reveals local investment ICT opportunities
The exhibition will host the first forum on online payments and financial inclusion entitled âPAFIXâ, while top players from companies, banks, and financial institutions in the Arab world and Africa will take part.
56% Bisco Misr stakeholders agree to sell Abraaj Group shares
Abraaj Group originally wanted to acquire at least 51% stake of Bisco Misr shares as per July announcement
Carbon Holdings negotiating $400m Emirati investment in Tahrir Petrochemical Complex
UAE may donate shares in the project to Egyptian government
Criticism of governmentâs terrorism record follows widespread condemnation of Sinai attacks
US, UK, UAE pledge support for Egypt anti-terror efforts in wake of deadly Sinai attacks
Agreement signed to begin phase 1 of Arabtec project before yearâs end
Subsidiaries formed by Arabtec to implement the project, says Ministry of Housing
First phase of Arabtec housing project to start before year-end
UAE company will provide New Urban Communities Authority with housing units and public services
Reshaping the Middle East: UAE leads the counterrevolution
By James M. Dorsey War planes from oil-rich Gulf states play a supporting role in the US-led air campaign to counter the Islamic State in Syria and Iraq. Despite their massive weapons acquisitions in recent years the Gulf statesâ participation may make little military difference in the war against the jihadists, but it serves everyoneâs …
Gulf proxy war: UAE seeks to further damage Qatarâs already tarnished image
By James M. Dorsey The United Arab Emirates and Qatar are locked in a propaganda war with public relations agencies and front organisations as proxies that is backfiring on both Gulf states. Disclosures of the proxy war have hit Qatar at a time that its image as the host of the 2022 World Cup is …
Solving investorsâ problems, legislative reform key to economic summit success: Prime Minister
Egypt to meet UAE, Saudi Arabia ahead of Sharm El-Sheikh investment summit in February
UAE-based Al-Zahera spends EGP 750m on investments in Toshkha: Chairman
Prime Minister Mehleb invited to visit the companyâs agricultural projects in Toshkha, East Owaynat
Arabtec to conclude plan for 1m home project in Egypt
The $40bn project will be built in 13 locations across Egypt; first homes to be delivered in early 2017, according to Reuters
Erdogan in no position to give lessons on democracy: Egypt
Turkish president has illusions of restoring the Ottoman Empire, says Egyptian foreign ministry
Regional stability dependant on Egypt: UAE
Emirati foreign minister rejects questioning the legitimacy of Egyptian government
International call for Libya ceasefire
Egypt joins international chorus to end âviolence, terrorism and extremismâ in Libya
Upcoming period is busy time for petroleum industry: Petroleum minister
Although there will be a $2bn in debts to foreign partners by year end, ministry has paid back $11.2bn to foreign companies during FY 2013/2014
Egyptâs competitiveness deteriorates for 5th consecutive year
Country takes 119th position out of 144 countries
Egyptian shot dead in Libya
Thousands of Egyptians have recently been evacuated from restive neighbour Libya
Gulf States and their US critics seek to shape US perceptions on football pitch
By James M. Dorsey Gulf states seeking to polish images tarnished by allegations of violations of human rights and their critics are employing football in an effort to shape American perceptions. At stake for countries like Qatar and the UAE is more than just reputation; it is the ability to invest in strategic US assets …
UAE to provide Egyptâs petroleum needs at $9bn for 1 year
UAE will provide Egypt with diesel, fuel oil, petrol and butane gas at a value of $800m monthly
Saudi and Egypt âat the coreâ of Arab nation: Egypt Ambassador to KSA
President Abdel Fattah Al-Sisi conducted a one-day visit to close regional ally Saudi Arabia on Sunday, during which Egyptâs ambassador to Riyadh said the two countries would aim to address numerous shared challenges âfacing the Arab and Muslim worldâ, according to state-owned Al-Ahram. Egyptian Ambassador Afifi Abdel Wahab said the relationship between Saudi Arabia and …
Al-Sisi visits strong backer Saudi Arabia
The two had previously held talks inside a Saudi royal plane carrying the king, when it made a short stop in Cairo in June
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
Petroleum ministry proposes petrochemical projects worth $540m to UAE
Egypt has proposed three petrochemical projects to the UAE for a total investment of $540m, according to a senior official at the Ministry of Petroleum. The projects included establishing a factory to produce bio-ethanol from molasses, the output of which would reach 100,000 tonnes of molasses annually, with investment in the project totalling $250m. The …
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, …
Start-ups donât just need money; they need connections and mentorship: Ramez Mohamed, CEO, Flat6Labs
Daily News Egypt sat down with the companyâs CEO, Ramez Mohamed, to discuss its operations, challenges to start-ups and investors in Egypt, and future vision.
UAE to establish space agency and send the first Arab spaceship to Mars by 2021
The probe will take nine months to make the more than 60m kilometre journey to Mars and will mark UAE out as one of only nine countries with space programmes to explore the Red Planet.
UAE willing to invest in oil sector, choosing between current projects: Petroleum minister
Egypt discussed setting up pipelines and depots with Abu Dhabi
Government plans âdonor countriesâ conference before yearâs end
The Ministry of Planning has announced intentions to hold a conference for âdonor countriesâ to Egypt before the end of the year and following the completion of parliamentary elections. Nihal Al-Megharbel, adviser to the Minister of Planning Ashraf El-Araby, made the remarks Monday on the sidelines of a conference to sign agreements for funding slum …
Egypt targets 2 million Arab tourists by the end of the year: Tourism ministry official
Egyptâs Ministry of Tourism hopes to attract 2 million Arab tourists by the end of 2014 by launching promotional campaign in the Emirates, Saudi Arabia and Kuwait