Wednesday 25 May 2016
 
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Egypt

Saudi JV to develop $3.6bn Egypt housing project

Jeddah-based Sisban Holding has joined hands with leading developer Egyptian Mountain View to launch its giant $3.6-billion luxury residential project, said a report. The Mountain View iCity is being developed as a comprehensive u

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Egyptian developer Medinet Nasr eyes $113m loan

Egyptian property developer Medinet Nasr is considering a E£1 billion ($113 million) loan in order to speed up development at one of its plots, the company said in a statement on Tuesday. The company reported this week that

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Slow response to past crashes could hinder EgyptAir search

Teams searching for the black box flight recorders of a missing EgyptAir jet that crashed with 66 people aboard face technical constraints that aviation experts increasingly blame on a slow regulatory response to earlier disasters.

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Egypt must now work harder to revive tourism: minister

Egypt will have to work 10 times harder to revive its tourism industry, Tourism Minister Yehia Rashed said on Sunday, after a series of setbacks including the crash of an EgyptAir flight into the Mediterranean three days ago. Rash

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Egypt to increase natural gas output

Egypt will increase its natural gas production to between 5.5 and 6 billion cubic feet per day by the end of 2019, Oil Minister Tarek El Molla said on Sunday, up from the current 3.9 billion cubic ft per day. Once an energy export

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Families of EgyptAir victims struggle to accept loss

Amal sits in the lobby of a hotel staring out at Cairo airport. Face tight with exhaustion, eyes puffy. She is hoping her daughter Samar Ezzedine, a stewardess aboard an EgyptAir flight that crashed into the Mediterranean on Thurs

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Egypt sends submarine to hunt for crashed jet

Egypt deployed a submarine on Sunday to hunt for the EgyptAir plane that crashed in deep Mediterranean waters, President Abdel-Fattah al-Sisi said, warning investigations into the disaster would take time. In his first public rema

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TCL seals Egypt retail partnership agreement

TCL Multimedia Technology Holdings said it has signed an MoU with its strategic partner Elaraby Group, the largest home appliance enterprise, to launch its products in Egypt. As a leading enterprise in the global TV industry, TCL

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Egypt finds human remains, belongings from plane crash

Egypt said on Friday that its navy had found human remains, wreckage and the personal belongings of passengers floating in the Mediterranean, confirmation that an EgyptAir jet had plunged into the sea with 66 people on board. Pres

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Russia to lend Egypt $25bn to build nuke power plant

Russia will loan Egypt $25 billion to finance building and operating a nuclear power plant in Egypt, the official gazette said on Thursday. Egypt and Russia signed an agreement on November 19 for Russia to build Egypt's first

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