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Dabaa Nuclear Station on top of Al-Sisi, Putin meeting agenda

The Minister of Electricity and Renewable Energy, Mohamed Shaker, and head of the Nuclear Power Plant Authority Amjad al-Wakeel, will hold a meeting with officials of the Russian company Rosatom on the sidelines of President Abdul Fattah El-Sisi’s visit to… More....
MIIC, IBRD discuss expediting procedures of signing $1.5bn for Sinai’s development
The Minister of Investment and International Cooperation, Sahar Nasr, met with the International Bank for Reconstruction Development's (IBRD) CEO, Kristalina Georgieva, where they discussed expediting procedures of signing $1bn for Sinai development projects, $500m for the second phase of social housing projects and…
Consortium TC to launch ‘Sukuk, new financing tools’ conference on 23 October
Consortium for Training and Consulting (TC) announced that it will launch a conference called “Sukuk, new financing tools,’ under the auspices of the Minister of Finance and the General Authority for Investment on 23 October at the Ritz-Carlton hotel. Consortium…
Sharm El-Sheikh, Hurghada hotels to thrive, benefiting from positive security awareness, return of chartered flights: Colliers
Sharm El-Sheikh and Hurghada hotels are expected to thrive, benefiting from positive security awareness, and the return of chartered flights from the traditional resource markets, with a forecasted growth of 29% and 36% respectively in year-over-year (y-o-y) revenues per available…
Foreign partners’ share in petroleum fields increases to $750m on monthly basis
The foreign partners’ share in the production of petroleum and gas field increased to nearly $750m on a monthly basis, compared to $700m in July, as a result of the increase of crude Brent prices, and connecting new wells to…
Shoukry meets UN Special Envoy to Libya, reemphasizes political solution to end crisis
Egyptian Foreign Minister Sameh Shoukry discussed on Sunday with the UN special envoy to Libya Ghassan Salame the recent updates in the North African country. Both addressed possible ways to implement the political solution sponsored by the UN to settle…
Nine alleged militants killed in a fire exchange in Assiut
Nine alleged militants were killed in a fire exchange with the Egyptian security forces in Assiut governate, according to a Monday statement by the Interior Ministry. The statement said that the nine militants were hiding in a cave near the…
Egypt, Arab countries support Saudi Arabia in Khashoggi case
Egypt and other Arab countries announced their support for Saudi Arabia in the case of veteran journalist Jamal Khashoggi, in response to accusations circulated over the kingdom’s involvement. In the first comment on the incident, Egypt said that it is…
Macron to begin his first official visit to Egypt in January 2019
French President Emmanuel Macron is to pay an official visit to Egypt on 28 January 2019, official sources told Daily News Egypt on condition of anonymity, adding the that French ambassador to Egypt Stephane Roumtier is organising several meetings with Egyptian officials to…
Al-Sisi heads to Russia to meet Putin as Egyptian-Russian anti-terror drills kick off
Egyptian President Abdel Fattah Al-Sisi headed on Monday to Russia for a three-day visit to meet his Russian counterpart, Vladimir Putin. Both are scheduled to address bilateral cooperation and issues of common interest. Al-Sisi is also expected to hold meetings…
21% increase in Cairo exports to Sao Paulo, 14% in imports: CEO of Arab Brazilian Chamber of Commerce
The Arab Brazilian Chamber of Commerce expected Sao Paulo's exports to the Arab region to reach $14bn against $13.59 bn in 2017, at a growth rate of about 4%. Michel Halabi, secretary-general and Chief Executive Officer of the Arab Brazilian…
Marina owners demand withdraw confidence from occupant’s union
A group of property owners at Marina held a press conference on Friday and announced their demand to withdraw confidence from the occupant’s union and managing company. The Marina owners decided to launch several pages on social networking sites "Marina…
Impact markets four projects with EGP 2.5bn in targeted sales
Impact Commercial Real Estate intends to market a new set of projects for developers with targeted sales of approximately EGP 2.5bn, according to CEO Ali Gaber. Gaber said that the company begins its activities by marketing a range of projects…
Mintra opens first sports shoe factory in Middle East by end of 2018
Misr for Industry and Trade (Mintra) will establish the first integrated factory for sports shoes in Africa, the Middle East and Europe, specialised in producing shoe materials and final product, before the end of this year. Hany Qesses, the managing…
CBE’s renewal of repurchase agreement with international banks to provide some support for FX reserves: Beltone
The Central Bank of Egypt’s (CBE) move to renew the $3.8bn financing agreement with international banks will provide some support for the stability of the level of foreign exchange reserves, Beltone Financial said. On Thursday, the CBE agreed to enter…
Five companies qualified to establish solar power station in Zaafarana
Five companies qualified in the shortlist for establishing a solar power plant in Zaafaran with 50MW capacity, out of 18 companies that have submitted their offers. Sources at the New and Renewable Energy Authority (NREA) told Daily News Egypt that…

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