Egypt stock market to keep rally alive as foreign investors likely to build new positions
EGX30 gains 0.7% in week to close at 13,367 points; target resistance at 13,775pts
Shaimaa Raafat
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Latest by Shaimaa Raafat
Endowments Ministry to unify Adhan this month
Ministry also allocated EGP 100m for ‘Decent Life’ initiative
Russia, Turkey reach ‘understanding’ over cooperation in Syria
Senior officials of both countries agreed on “fighting terrorism, liberating Syria”
UAE to reopen its embassy in Syria for first time in 7 years
Embassy has been closed since Syrian uprising erupted in 2011
Spacetoon Group brings back Baby Shark to Middle East
After causing a huge phenomenon with millions of children followers worldwide, Spacetoon Group, the Leading Company in the field of edutainment in the MENA, has recently announced its partnership with Pinkfong, the children’s educational brand of SmartStudy, a South Korean educational entertainment company, to bring Baby Shark to the Middle East. Baby Shark is currently …
UAE’s investments in Egypt to increase: ambassador
Companies considering funnelling new money into local market
Shoukry heads to Serbia to discuss bilateral relations
Visit came during completion of over 110 years of diplomatic relations between two countries
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Japanese Saraya to establish $10m worth cosmetics, pharmaceutical complex in Ain Sokhna
Egypt will be major manufacturing, marketing hub for his company’s products at regional, continental levels, says Saraya president
Turkey starts oil drilling in Eastern Mediterranean
“If harassment takes place, our naval forces will do what is necessary,” says Turkey
Nation-wide university student union elections to start
Winners should be announced on 11 November
Deadline for coded metres extended to end 2018
Distribution companies received letter from EEHC, will not receive new requests
No intention to repeat 1973 oil embargo: Saudi energy minister
“For decades we used our oil policy as responsible economic tool, isolated it from politics,” says Al-Falih
EGP 800m investment plan of north Cairo electricity distribution company: chairperson
Completion of installing 649,000 pre-paid, code electricity metres, connecting 128 solar energy stations
e-Legend Concept presented at 2018 Paris Motor Show
Moreover, Peugeot calmly approaches that of the energy transition with the conviction that technology is always at the service of automotive pleasure.
Court orders Gamal, Alaa Mubarak’s release, pending investigations
Earlier in day, court accepted duo’s appeal to change bench
Al-Sisi discusses implementation of national medical insurance project with Madbouly, Zayed
President orders officials to provide modern medical technology for blood transfusions, to disseminate idea of blood donation
New UK ambassador returns to Cairo after 17 years
Adams previously served in Egypt from 1998 to 2001 as deputy head of Mission in Cairo, while he joined Her Majesty’s Diplomatic Service in 1979.
Ministry of finance to operate bill to change machines in Metro stations
Mint authority is studying introducing new EGP 2 coin
(FAO), officially handed over a solar powered sun-dried tomato processing unit to the Marketing Cooperative for Fruits and Vegetables
The Food and Agriculture Organization of the United Nations (FAO), officially handed over a solar powered sun-dried tomato processing unit to the Marketing Cooperative for Fruits and Vegetables in Bangar EL Sokar, Nubaria. This activity is in the context of the project “Food Loss and Waste Reduction and Value Chain Development for Food Security in …
Israel closes pedestrian crossing with Gaza after deadly clashes
No statements have been issued on how long closure will last
Death toll due to floods in Kerala reaches 324
The death toll resulted from floods and torrential rains in Kerala state in south-western India rose to 324. The flooding further resulted in damaging dams and roads, and the demolition of houses. The state government chief Pinaray Vijayan, said that “324 lives have been lost” in 10 days of floods in the state, particularly in a touristic …
Al-Sisi inaugurates new Assiut barrage
Assiut hydroelectric weirs produce 32 MW, save EGP 130m worth of fuel
Shoukry to meet Pompeo in Washington, discuss US aid to Egypt
Visit came two weeks after US decided to restore $195m in military aid to Egypt
60% increase in Egypt’s exports to China in 2017: Nassar
Egypt to be guest of honour at China International Import Expo, says trade minister
Telecom Egypt, Etisalat Misr sign two agreements for national roaming, mobile interconnection
Telecom Egypt and Etisalat Misr announced the signing of an amendment of the national roaming agreement sealed in June 2017. The amendment provides better financial and service quality terms availing improved commercial conditions for Telecom Egypt. The latter is a result of the development of the volume of Telecom Egypt’s data traffic. The new agreement …
South, North Korean leaders meet in bid to save Kim-Trump summit
Trump changes tune, says summit may take place on same date or after
TE board of directors approves MENA Submarine Cable Systems acquisition
The board of directors of Telecom Egypt (TE) approved the acquisition of MENA Submarine Cable Systems, in line with the company’s strategy to expand in the field of submarine cables. MENA Submarine Cable Systems will be a part of TE’s network, which will connect a large swathe of the world from the east to the …
Eight Iranians dead hours after Trump’s dramatic withdrawal from nuclear deal
Alleged Israeli airstrike reportedly kills Iranian fighters near Damascus
New banking law presented to CBE board of directors: Amer
Kuwait agrees preliminary to renew $4bn deposits to Egypt, says CBE governor
Prince William, Duchess Kate’s third child arrives
Third royal child is fifth in line for throne, pushing his uncle, Harry, to sixth in line