Latest in Tag: UAE Highlight
Latest in Tag: UAE
Dozens face trial for planning ‘terrorist acts’ in United Arab Emirates
Authorities in the United Arab Emirates have ordered 41 people to stand trial on charges of setting up a terrorist group seeking to overthrow the government and establish an extremist state. The United Arab Emirates’ top prosecutor Salem Saeed Kubaish said in a statement Sunday that the suspects were part of a highly organized cell …
Egypt implements first office in UAE to revitalise tourism
New office will cooperate with airlines flying into Egypt to create direct flights to Sharm El-Sheikh, Red Sea and North Coast
EGP 500m to construct solar powered compound
MCR will run global tender to choose company that will be responsible for implementing 1 MW solar power plant
Shoukry meets Saudi King and Emirati, Kuwaiti foreign ministers
The meetings tackled bilateral relations and regional issues
Security is key to the UAEâs freedom
By Khalaf Ahmad Al Habtoor âThe price of freedom is eternal vigilance,â said the 18th century Irish politician John Philpot Curran. I could not agree more, especially when there are so many unscrupulous people abusing their freedom to create violence and anarchy. Sadly, troublemakers and crazies have succeeded in turning parts of the Middle East …
Emaar Misr boosts net sales by 20% in H1 of 2015
Real estate developer scored net sales of EGP 3.91bn in first half of current year
Exits of foreign investments decrease by 12% in Q1 of 2015
European Union investments in Egypt in Q1 of 2015 reached $2.03bn, compared to $1.6bn in Q1 2014
Emaar Misr Board approve capital rise by EGP 600m
Firmâs current issued capital evaluated at EGP 4.019bn, set to reach EGP 4.619bn with increase
Hisham Talaat Mostafaâs release on medical grounds postponed
Decision postponed to 25 July session pending investigation into validity of medical condition
52 million subscriptions in Emaar Misrâs IPO
Subscriptions phase started on 16 June, will last until 25 June
Al-Sisi and his government’s resume highlights
The new canal will be established to increase the Suez Canalâs capacity to 97 passing ships per day, up from the current rate of 49 per day.
External debt declines to $39.9bn in March: CBE
March’s figures compare to June 2014, where debt amounted to $46.1bn
NUCA offers 7 bids in 4 cities
Bids include developmental projects in New Cairo, Beni Suef and New Aswan
ABK acquires Piraeus-Egypt for $150m
Al Ahli Bank of Kuwait acquires 98.5% of Piraeus Bank – Egypt shares
Emaar Misr yet to receive approvals on listing 13% of stakes
UAE-based parent firm Emaar will keep 87% of shares in Emaar Misr after listing
Mehleb approves land in Maadi for Majid Al Futtaim project
The UAE-companyâs five-year plan for Egypt includes investing EGP 3.9bn in the City Centre Maadi expansion
UAE grants Egypt 50,000 social housing units
Housing units set to serve 350,000 low-income citizens in 17 governorates
UAE to invest $2bn in Egypt in next FY in housing projects: Investment Minister
UAE Minister of State to coordinate between Kuwaiti, Saudi and Egyptian governments to determine spending of investments announced at Economic Summit
Egypt’s foreign reserves post largest rise since December 2011
International foreign reserves jumped to $20.5bn at the end of April 2015, compared to $15.29bn in previous month
Evidence of cluster munitions used in Yemen: HRW
Rights group accuses coalition of dropping the banned munitions near villages, violating US export policy
Mashreq Bank expands in Egyptian retail banking market
New initiatives to be launched this coming year to enhance services
Endowments minister holds Muslim Brotherhood accountable for water poisoning
Commenting during a religious forum in Abu Dhabi, Gomaa also accused Iran of imposing influence on other countries
$6bn in Gulf deposits temporarily eases Egypt’s economic burdens
Analysts say GCC deposits beef-up foreign reserves and boost local currency
Etisalat Egypt Q1 revenues down
Mobile service provider represented 19% of Etisalat Groupâs revenues from international operations
Egypt yet to receive Arab deposits: CBE governor
Hisham Ramezâs comments to Reuters come in wake of reports alleging receipt of Kuwait’s $2bn in deposits
Gulf Capital receives ‘Firm of the Year’ award
Gulf Capital has been actively investing in private equity and credit and mezzanine arenas
Potable water sector agreement to promote Egyptian investments in Rwanda
The project will provide the Water and Sanitation Authority with 40,000 cubic metres of potable water with $55m investments
Gulf alliances: Regional states hedge their bets
By James M. Dorsey The current Saudi-led intervention in Yemen, designed to prevent Iranian-backed forces from gaining power, symbolises the Gulfâs new assertiveness. This is unfolding as the various Gulf states seek to hedge their bets with different strategies that complement rather than replace the regional US security umbrella. Qatar, this month, signed a military …
UAE and Egypt work hand-in-hand for a better Egypt
By Dr Sultan Ahmed Al-Jaber, Minister of State for the United Arab Emirates The past month has reinforced for the international community the importance of Egypt to the region and to the world. With the conclusion of the Arab League Summit and the Egypt Economic Development Conference (EEDC), Egypt has once again emerged as the regionâs leading …
Egypt’s new city: More questions than answers
The multi-billion dollar new administrative hub started a debate among urban planners on the real price and revenue Egyptians are to make