EGP 33bn of public sector companies’ bad debts settled
MoU to be signed soon between El Nasr Automotive, a Chinese company for EV manufacturing
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Disney to recreate Home Alone trilogy
The streaming platform is to be available in the United States in November, for almost $7 per month, with an expansion plan in Europe.
Sharm El-Sheikh, Hurghada to witness RevPAR growth of 39% & 29%, respectively in 2019: Colliers
Cairo, Alexandria to achieve occupancy rates of 79%, 84%, respectively in 2019
Declining global interest rates to encourage hard currency borrowing in EM: IIF
Notably, China’s share of inbound FDI rose steadily from 5.4% in 2013 to 10.5% in 2017.
UAE-backed Yemeni southern separatists withdraw from parts in Aden
Houthis launched 10 drone attacks on oil facilities in the Shaybah oil field in Saudi Arabia
Three Palestinians killed by Israeli fire in Gaza
The incident happened overnight between Saturday and Sunday
12th National Egyptian Theatre Festival fuel up public theatre art scene
The theatrical performances, targeting both adults and children, participate in the festival’s main competitions that run until the end of the festival on 30 August.
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Unprecedented Glory: Egypt win Men’s U-19 World Handball Championship
President Al-Sisi congratulates the Egyptian players, praising their heroic performance
Visa, ExxonMobil partner for Security Week to promote safe digital payment practices in Egypt
Card users will receive an edutainment set of cards and car shades, especially customized to grab the attention of the users with Visa’s tips and messages to achieve the ultimate goal of promoting safe digital payment practices.
Mubasher International Securities launches a new version of trading app
“These updates will increase the level of trading through the app by adding the latest technologies in the world,” said Ehab Rashad, vice-chairperson of Mubasher International Securities.
Houthis claim attack on Saudi Arabia’s Shaybah oil field
The facilities attacked included a refinery and oil storage, Al Masirah said, citing a military spokesman. It did not say when the attack took place.
Ministry of Environment has a plan for “black clouds season”
Plan includes coordination with Ministry of Agriculture to collect and recycle rice straw
Sudanese army, opposition sign power-sharing agreement for transitional period
Prime Minister Madbouly headed to Khartoum to attend the ceremony
Osama Rabie appointed new chairperson of the Suez Canal Authority
Yehia Zaki was appointed as the Chairman of the Suez Canal Economic Zone (SCZone) per the decree.
First destination of EgyptAir’s sixth B787-9 Dreamliner is Beijing
EgyptAir said the Dreamliner arrived to the Cairo International Airport from Seattle marking the last delivery of aircraft contracted between EgyptAir and Boeing since March. The $6bn deal was signed in 2018 for modernising EgyptAir’s fleet.
Samih Sawiris lays foundation stone of El Gouna Cultural Center
New centre to host El Gouna Film Festival in 2020
Egypt’s IDA, Chinese SEU University discuss increasing industrial cooperation
The two sides discussed ways of boosting bilateral cooperation in industrial fields, promoting investment opportunities, and benefiting from the Chinese experience.
Alexandria’s Summer Opera Festival kicks off Friday
During the inauguration ceremony, Abdel Dayem will honour the head of the Egyptian Opera House, Magdy Saber, along with a number of artists who have enriched the musical scene in Egypt over decades.
Economic, educational legislations will top fifth parliamentary round
MP Yasser Omar said the Egyptian economy needs continuous strengthening efforts, noting that economic laws are of great importance, most notably customs and taxes.
New Alamein to host Amr Diab concert on Friday
The new party venue can accommodate up to 20,000 people in different categories ranging from regular to seated and lounges for corporate and VVIP guests.
Egypt calls on UN to engage in dialogue with Libyan elected representatives
Egypt urged all Libyan parties to take a clear stance and be far away from terrorist and criminal groups, he said, condemning the recent suicide blast in Benghazi and expressing his condolences to the victims’ families.
Egypt is world’s fifth top remittance recipient by $28.9bn in 2018: WBG
Global remittances on track to reach $550bn in 2019, says KNOMAD
Housing Ministry’s investments in New Aswan reach EGP 1.2bn over 6 years
The ministry has built 3,120 social housing units in the city, besides other 3,600 units under construction, El Gazzar said in a Wednesday press statement.
Iran’s Rouhani stresses rejection to foreign presence in Gulf
UK denies releasing Iranian tanker
Zohr’s gas production hits 11.3bn cm mark in 1H19: Rosneft
The Russian energy giant is in a consortium with Italy’s Eni, British Petroleum (BP), and UAE’s Mubadala Petroleum for the implementation of the Zohr offshore gas project in the Mediterranean Sea.
Egypt hosts Declaration of Change meeting to support stability in Sudan
Egypt affirmed its continued contacts with Sudan and its full support to the new government
Sally Soliman: Prime Holdings Group’s New Interface
Prime Holdings announce Sally Soliman as Head of Marketing and Corporate Communications for the group.
Restoration of Tanta Museum completed, ready for reopening end-August
The museum will also display banners and graphics telling the story of Al-Sayed Al-Badawi, a relative of the Prophet Mohammed, local media said.
EgyptAir halts flights to Hong Kong over renewed protests
Hong Kong International Airport (HKG) has canceled all departures on Monday, citing serious disruption due to demonstrations at the airport, just hours after travel to and from Hong Kong resumed.
Macri’s defeat in Primary, Hong Kong’s protests cause market panic
Gold up 0.5% to $1,524 per ounce, silver climbed 1.1% to $17.25