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Sisi Meets Mamish on New Suez Canal Project
Egypt >> 5/18/2015 - President Abdel Fattah El Sisi met on 17/5/2015 with Chairman of the Suez Canal Authority Mohab Mamish as they discussed the work progress in the new Suez Canal project.

During the meeting,...
EGP 3.8 billion Egyptian-US Investments in Pharmaceutical Industry
Egypt >> 5/22/2015 - A group of the Egyptian-US investors is currently preparing to pump fresh investments in pharmaceutical industry during the coming period with the value of nearly USD 500 million (an equivalent of EGP...
Petrochemicals Project in Gulf of Suez with USD 7.5 billion Investments
Egypt >> 5/22/2015 - Minister of Investment Ashraf Salman met with representatives of the US imports and exports bank, representatives of the Korean imports and exports bank and a number of US, Italian and Korean financia...
EGP 435 billion in New Budget to Improve Life of Citizens
Egypt >> 5/22/2015 - An increase in the budget allocated for achieving social justice reflects the government’s desire to make progress in this file, said Prime Minister Ibrahim Mahlab.

Mahlab made the remarks ...
EU Gives €5.1 million in Aid to Yemen
Yemen >> 5/23/2015 - The European Union (EU) has announced to provide Yemen with €5.1 million in aid to response to the growing humanitarian needs.

The funding will go to the International Committee of the Red ...
56 Drinking Water Projects Completed
Egypt >> 5/30/2015 - Housing Minister Mostafa Madbouly discussed providing drinking water to a number of Egyptian governorates as the country is currently approaching the summer season and the holy fasting month of Ramada...
Abu Dhabi Ports and Siddco Group Sign AED 130M Musataha Agreement
United Arab Emirates >> 6/1/2015 - New facility branded as “iNGENIUM” at Kizad, will deliver precision automated engineering and fabrication for the regional oil & gas sector.

Abu Dhabi Ports has welcomed SIDDCO Group’s late...
Ashraf el Araby: Amlak Fund to Start with EGP 5bn Capital
Egypt >> 6/12/2015 - The new sovereign wealth fund “Amlak” will start with a capital of EGP five billion as of the new fiscal year 2015-2016, Planning Minister Ashraf el Araby said.

Speaking to the Middle East ...
Ibrahim Mahlab Inaugurates Agro-Exports Compound in Luxor
Egypt >> 6/12/2015 - Prime Minister Ibrahim Mahlab on 11/06/2015 inaugurated a compound to pack and refrigerate agricultural exports in the Upper Egyptian city of Luxor.

Mahlab inaugurated the project on the si...
Mahlab: Government Keen to Support Serious Investors
Egypt >> 6/12/2015 - Prime Minister Ibrahim Mahlab stressed on 11/06/2015 the government's full support for serious investors through providing all facilitations to help companies carry out their expansion plans and to in...
Egyptian Cabinet Approves Granting SCA Right to Establish Companies
Egypt >> 6/12/2015 - The Cabinet, during a meeting on 11/06/2015, has approved a draft law amending Law No. 124/1963 granting the Suez Canal Authority the right to establish joint stock companies.

The draft law...
Egyptian Cabinet Approves SWF to Promote Egypt’s Wealth
Egypt >> 6/12/2015 - The Cabinet has approved a proposal to establish a Sovereign Wealth Fund (SWF) to develop Egypt's wealth.

The SWF, to be named as "Amlak" will be owned by the State through the National Inv...
Hani Qadri: Egypt Issues New USD 1.5bn Bonds
Egypt >> 6/12/2015 - Finance Minister Hani Qadri on 11/06/2015 said that Egypt issued a USD 1.5 billion 10-year bonds.

In press statements, Qadri said that the move, the first in five years, is a strong return ...
84.02 % of Dredging at New Suez Canal Finalized
Egypt >> 6/12/2015 - Over 216 million cubic meters of water-saturated sand have been removed so far as part of the Suez Canal Development Project, said Head of the Suez Canal Authority Mohab Mamish.

This repres...
CAPMAS: Tourist Arrivals to Egypt on the Rise in April
Egypt >> 6/12/2015 - Egypt received 923,900 tourists in April, 7.4 percent more than the 859,900 it received the same period last year, according to the Central Agency for Mobilization and Statistics (CAPMAS).

...
Sudan's Investment Minister Meets Qatar's Ambassador
Egypt >> 6/18/2015 - Sudan's Investment Minister Mudathir Abdul Ghani Abdul Rahman met with HE Qatar's Ambassador to the Republic of the Sudan Rashid bin Abdulrahman Al Nuaimi.

During the meeting, they discuss...
New Delhi Voiced Interest to Invest in Suez Canal Project
Egypt >> 6/23/2015 - The Indian Ambassador to Cairo Sanjay Raya Bachie hailed the new Suez Canal project which he visited earlier this month, voicing India’s interest to invest there and take advantage of this huge projec...
UAE, Angola Sign Economic and Technical Agreement, MoU
United Arab Emirates >> 6/24/2015 - The UAE and Angola have signed economic and technical cooperation agreement and a memorandum of Understanding (MoU) pertaining to establishing a joint cooperation committee between the UAE and Angola....
Abdel-Nour: Industrial Growth Rate Increased in 2013-2014
Egypt >> 6/24/2015 - Trade and Industry Minister Mounir Fakhri Abdel-Nour has said that economic indices have shown positive readings in a number of times over the past few months.

Abdel-Nour said on 23/6/2015 ...
90% of Dredging Works at New Suez Canal Finalized
Egypt >> 6/24/2015 - Head of the Suez Canal Authority Mohab Mamish said on 23/6/2015 up to 230.307 million cubic meters of water-saturated sand have been lifted so far as part of the Suez Canal Development Project.

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