Wednesday 23 July 2014
 
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Egypt

Reforming Egypt's black market - high hurdles, big rewards

The economist behind a plan to unlock at least $380 billion worth of assets from Egypt's black market says President Abdel Fattah Al-Sisi must first restore another asset that has depreciated over the years:

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Ericsson to offer telecom solutions to Egypt electricity sites

Ericsson, a leader in communication technology and services, has won a contract from Egypt’s Ministry of Electricity to provide end-to-end telecom solutions and services for 180 electricity sites in Upper a

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Ericsson to offer telecom solutions to Egypt electricity sites

Ericsson, a leader in communication technology and services, has won a contract from Egypt’s Ministry of Electricity to provide end-to-end telecom solutions and services for 180 electricity sites in Upper a

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Suez Canal revenue up 9.7pc in June

Revenue from Egypt's Suez Canal was $443.9 million in June compared with $404.6 million in the same month a year ago, the State Information Portal said on Monday. May revenues stood at $471.1 million. The waterw

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France wins $1.35bn navy deal in Egypt

France has secured its first major military contract in Egypt in about 20 years with a 1 billion euros ($1.35 billion) deal to sell four naval frigates, a French diplomatic source said on Saturday. Paris and Cairo have enjoyed clo

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Egypt not to revise Gaza truce proposal

Egypt has no plans to revise its ceasefire proposal to end fighting in Gaza between Israel and the Palestinian militant movement Hamas, which has rejected the initiative, Cairo's foreign minister said on Saturday. "It pro

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Egypt raises key rates days after subsidy cuts

Egypt's central bank raised key interest rates on Thursday in what was seen as an attempt to curb inflation pressures less than two weeks after the government slashed subsidies on fuel and electricity. The central bank raised

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UAE, Egypt top private equity investments in Mena

The UAE and Egypt led the number of investments in the Mena region last year with 20 per cent each, followed by Lebanon with 18 per cent, according to a recent report.   The ‘Mena Private Equity and Venture

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Egypt proposes Israel-Palestinian ceasefire

Egypt has proposed a ceasefire between Israel and Palestinian militants in Gaza that would start on Tuesday, ending a week of cross-border warfare, and be followed by talks to prevent further hostilities. Israeli Prime Minister Be

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Egypt tries crude swaps to import foreign oil

Egypt is offering to swap some of its domestic oil production for Iraqi crude better-suited to its ageing refining system, as Cairo's budget woes restrict its ability to buy on international markets. Egypt's state-owned Eg

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