Euro-Med region to get 23 billion euro investment boost
ALEXANDRIA: A total of €23 billion of investments will be injected into projects in the Euro-Mediterranean region, Ahmed Wakil, chairman of the Alexandria Chamber of Commerce, said Wednesday. At the…
Court suspends privatization contracts of three companies
CAIRO: The Administrative Court suspended Wednesday the privatization contracts of three privatized companies, returning them to the public sector. The court’s decision also cleared them of all debts and mortgages…
Gunmen shoot Deputy Agriculture Minister in Arish
AL-ARISH: A group of masked gunmen fired at Deputy Agriculture Minister Mohamed Saad in his car on the way to the office in the city’s Agriculture Directorate. The gunmen stopped…
Yemen LNG says exports unaffected by violence
SINGAPORE/LONDON: Violence in Yemen is not affecting shipments of liquefied natural gas and the country plans to ship up to 6.7 million tons of LNG this year as expected, a…
Qatar aims to invest billions of dollars in farm city
DOHA: Qatar aims to invest billions of dollars in an agricultural city to house food growers and processers, in an effort to increase its food supply security and combat rising…
Ethiopia still studying $300 mln Sewedy investments
CAIRO: Egyptian cable maker El Sewedy Electric said on Wednesday proposals it had made to the Ethiopian government about investing $300 million in wind power were still under study after…
April 6 welcomes probe into members’ assets
CAIRO: The April 6 Youth Movement welcomed an investigation into the assets of its leading members and other political activists, the group said in a statement late Tuesday. “We don’t…
Violence against children on the rise, says report
CAIRO: A staggering report released by Awlad Al Ard Association for Human Rights, revealed that August has seen a record number of 29 incidents of violence against children in Egypt.…
Libya central bank has enough funds for six months: finance official
DUBAI: Libya's central bank has enough money to cover state spending for up to six months and has no urgent need to resort to bridge loans, a finance official said…
Dubai developer Nakheel’s $1bn sukuk sits on the seabed
DUBAI: Much of the land backing a $1.03 billion sukuk bond from Dubai property developer Nakheel is unreclaimed seabed, bank sources said, leaving trade creditors holding the paper with scant…