Tuesday 27 January 2015
 
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Egypt

Egypt 'has opportunity to secure energy future'

Egypt now has the opportunity to free itself from the energy problems and lay the foundation for a more secure energy future, a leading investor has said. Ahmed Heikal, chairman and founder of Qalaa Holdings (formerly Citadel Capital),

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Egypt awards $2.2bn LNG tender to four foreign firms

Egypt's state gas board has awarded a $2.2 billion tender to import 75 cargoes of liquefied natural gas (LNG) to four international firms, its chairman said, as the country seeks new energy sources.   Declini

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17 killed in protests on anniversary of Egypt uprising

At least 17 people were killed on Sunday in Egypt's bloodiest protests since Abdel Fattah Al-Sisi was elected president, as security forces fired at protesters marking the anniversary of the 2011 uprising that toppled Hosni Mubarak.

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Qatari Diar wins approval for Egypt tourism project

The Egyptian Ministry of Defence has approved the implementation of a tourism project to be developed by Qatar-based real estate company Qatari Diar (QD), a report said. The project was earlier proposed by the country’s Tourism De

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Volvo to launch 2015 premium cars in Egypt

Volvo Car Group, a Swedish premium automobile manufacturer, has announced the launch of its all-new 2015 Volvo range in Egypt. Ezz Elarab Automotive Group, the sole agent for Volvo Car Group in Egypt, said it was excited about the

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Egypt growth to be ‘easily north of 4pc’ in 2014-15

Egypt can expect economic growth "easily north of 4 per cent" in fiscal year 2014-15, which ends in June, boosted by rising confidence and a windfall from lower oil prices, its finance minister said. Hany Dimian also tol

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Suez Canal revenue up at $445.5m

Revenues from the Suez Canal rose to $445.5 million in December from $442.8 million in November, Egypt's state information website said on Thursday. The fastest shipping route between Europe and Asia is one of Egypt's main

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Egypt-UAE in deal to develop maritime transport co-operation

The Red Sea Port Authority has signed a deal with the Abu Dhabi Ports to boost maritime transportation co-operation between Egypt and the UAE, according to a report. The deal aims at developing the countries’ maritime transp

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Jazeera reports 7pc increase in passenger traffic

Kuwait-based Jazeera Airways has shown a 7 per cent increase in passenger numbers in November 2014, compared to the same period in 2013, and an on-time performance of 95 per cent. The increase in passengers in 2014 were seen on routes s

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Egypt does not see oil price drop hitting investments from Gulf

Egypt does not expect Gulf Arab countries to reduce their investment in the country despite the fall in oil prices, as Cairo is of particular strategic importance for the region, Investment Minister Ashraf Salman

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