Government appeal against annulment of Red Sea islands deal postponed to 22 October

The judge demanded that the state assign a lawyer to look over the Constitutional Committee’s deliberations on articles 86, 139, 144, and 151

Daily News Egypt

Court adjourns Mubarak’s appeal against fine in telecommunications case

Mubarak, Nazif, and El-Adly were ordered to pay a fine worth EGP 540m

Daily News Egypt

EGX30 expected to test resistance level of 8,500 points

Predictions by technical analysts and executives of brokerage firms that the Egyptian Exchange (EGX) would continue its rising trend found proof during this week’s trading with support from purchases from foreign investors.…

Mohamed Ahmed

Investment banks prepare list of recommendations for timing, ratios of government propositions programme

Recommendations address proposals on the appropriateness of conditions for the companies that the government did not settle on yet, to be offered in the food industry and electricity sectors

Mohamed Ahmed

Sugar shortage crisis intensifies, government announces provision of 50,000 tonnes to supply demand

The Ministry of Supply and Internal Trade announced that it would provide 50,000 tonnes of sugar to meet the market's demand. The step comes days after the Egyptian market began…

Mohamed Ayyad

EGX waiting to receive registration requests for investment funds’ certificates: Omran

When the authorities related to investment funds request to register their certificates in the EGX, this will contribute to making amendments in the trading system and the rules of IPO,…

Mohamed Ahmed

Egypt is only Middle East country to own Mistral helicopter carriers: Navy commander

The two Mistral helicopter carriers will be used to secure gas fields and counter-terrorism, says Osama Rabie

Daily News Egypt

National Security officer shot dead in Beheira

Unknown assailants fired at the officer as he was returning home; no militant group has declared responsibility

Adham Youssef

Government plans to borrow EGP 324.5bn in Q2 of FY 2016/2017

Launch of treasury bills tenders for EGP 300.25bn, bonds worth EGP 24.25bn in last three months of year

Hossam Mounir

5 police conscripts reportedly killed in IED attack in Al-Arish

IS-affiliated militants also stormed a medical facility and seized two government trucks, say security officials

Daily News Egypt