EGP 70bn required for completion of water and wastewater infrastructure: HCWW chairman
Several projects aiming to improve Egypt’s water system are currently being implemented
Read More →Minister of Communication announces EGP 5bn sector development plan
Atef Helmy says that the implementation of the plan will take seven years
Read More →Political upheaval obscures growth potential: Markaz
Kuwait Financial Centre Markaz recently published a report on the Egypt Asset Management Industry. In this research report, Markaz analyses the current state of Egypt asset management industry in terms of market structure, market participants, read the rest…
Read More →Ministries of Housing and Supply cooperate on development of services in new cities
New cities will be provided with markets, trade complexes, logistics areas and factory outlets, housing ministry says
Read More →Armed forces finalise plans to build 1m youth residential units
Construction on the project, launched by former defence minister Abdel Fattah Al-Sisi, is expected to begin in December
Read More →Government to adopt new economic stimulus package
Minister of Finance says package would focus on industry, housing and construction, communication and tourism sectors
Read More →Morocco’s economic growth slows in first quarter as agricultural output falls
Reuters – Morocco’s economic growth slowed sharply to 2.5% in the first quarter from a year earlier, and is likely to ease slightly again this quarter as agricultural output shrinks, the country’s planning agency said read the rest…
Read More →UAE’s Air Arabia bets on Ras Al Khaimah hub
The Sharjah-based budget carrier, which currently operates out of three hubs in the Gulf and North Africa region, signed an agreement with the RAK government in February declaring it the official carrier for the emirate and RAK airport as its new hub.
Read More →Civil society organisations call for budget transparency
Finance ministry has failed to meet legal obligations in publishing budget drafts for the state, economic bodies and public sector, joint statement says
Read More →Natural gas supplies to be temporarily reduced by 5%
A natural gas supply unit will stop working from 17 to 27 April, Ministry of Electricity says
Read More →Saudi Arabia imposes fines, jail terms for visa lapses
Punishment ranging from fines and jail terms to confiscation of assets and deportation may be imposed, escalating a year-long crackdown on visa irregularities that have been overlooked for decades.
Read More →Gulf support should not substitute for long-term economic reform: IMF official
Egypt must address “imbalances in the budget”, generate jobs, and improve living standards, says Massod Ahmed, IMF’s Middle East director
Read More →Egypt’s SODIC settles with government over Eastown project
Reuters – Property developer SODIC has signed a dispute settlement with Egypt’s government, agreeing to pay EGP 900m ($129m) over seven years after a revaluation of its Eastown scheme in Cairo, the company said on read the rest…
Read More →Investment projects in transportation sector total $3.5bn: Transport minister
A number of transportation projects included in the stimulus package have been completed, says El-Demeiry
Read More →Egypt ranks second in the World’s Richest Arabs list: Forbes Middle East
According to Forbes Middle East’s counts, the total worth of the Egyptian Sawiris family is $13.2bn
Read More →Ministry of Industry obliges governmental bodies to reduce electricity consumption by 20%
Industry minister says that starting next June, new air conditioning system will be adopted with the aim of rationing electricity consumption
Read More →Egypt pound weakens at Central Bank’s dollar sale and on black market
Reuters – The Egyptian pound weakened at a central bank dollar sale and on the black market on Monday, after hitting a six-month low last week. The central bank said it sold dollars at a read the rest…
Read More →Arabia Group investing in 1m square metre project in Sinai: Chairman
Tarek Shoukry believes the prices of the property units by around 25%.
Read More →Egypt looking to revitalise economic relations with US: Industry minister
Government plans to adopt measures to attract foreign and domestic investments, says minister
Read More →Israeli gas holds promise of better ties with neighbours
Israel in talks with Egypt, Turkey on major gas export deals
Read More →Deloitte Middle East ranks Egypt 84th for social progress
The 2014 Social Progress Index ranks 132 countries based on their social and environmental performance
Read More →PM seeks investors for power plant in Red Sea Governorate
Prime Minister attempts to find fast and unconventional solutions to address energy shortages
Read More →Preventing summer blackouts in Egypt is ‘impossible’: Minister
Summer blackouts have hit Egypt in the past few years as successive governments have failed to develop a sound strategy
Read More →150 loaves of bread per month, per citizen under new subsidy plan: Supply minister
New automated bakery launched in Port Said
Read More →Despite suffering economy, Egyptians remain optimistic: Bayt.com survey
52% of Egyptians believe the economy has declined in the last 6 months, yet 37% still expect their personal financial situation to improve in the next 6 months, Bayt.com and YouGov report
Read More →Egypt imports 230,000 tons of wheat from Russia, Ukraine and Romania
Minister of Supply says current wheat supply is sufficient until mid-June
Read More →96,139 job opportunities generated during the last month: Minister of Industry
Number of applicants fewer than job opportunities provided, executive director of Industrial Training Council says
Read More →IMF no longer forces ‘structural adjustment’: Lagarde
The crisis lender is sensitive to charges it dictates socially and economically harsh reforms on countries availing themselves of its support.
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