Egypt
Minister: Ain Sokhna station adds 650MW to Egypt’s electricity grid on Thursday
Egypt
October 23, 2014
Minister: Ain Sokhna station adds 650MW to Egypt’s electricity grid on Thursday
Electricity Minister Mohammad Shaker said that the second unit of the Ain Sokhna power station will begin the trial operation on…
Egypt rejects World Bank loan for electricity linkage project, says conditions unnecessary
Egypt
October 23, 2014
Egypt rejects World Bank loan for electricity linkage project, says conditions unnecessary
The Egyptian government on Thursday refused a conditional loan worth US$430 million from the World Bank to finance the electricity linkage project…
Mehleb: US$12 billion in international arbitration cases against Egypt, our position is ‘weak’
Business
October 23, 2014
Mehleb: US$12 billion in international arbitration cases against Egypt, our position is ‘weak’
Prime Minister Ibrahim Mehleb said Wednesday that the total number of international arbitration cases filed against the government amounted to…
Doma steps down as CEO of OTMT, Sawiris takes charge
Business
October 23, 2014
Doma steps down as CEO of OTMT, Sawiris takes charge
Orascom Telecom Media and Technology Holding announced Thursday that Ahmed Abou Doma has stepped down as a member of the…
Agnad Masr claims responsibility for Cairo University blast
Egypt
October 23, 2014
Agnad Masr claims responsibility for Cairo University blast
The terrorist Agnad Masr group has claimed responsibility for the Cairo University blast that occurred on Wednesday.The group issued statement…
US First Solar to invest in Egypt by next year, executive director says
Environment
October 22, 2014
US First Solar to invest in Egypt by next year, executive director says
The US company, First Solar, is looking into operating in Egypt by next year, Middle East Executive Director Ahmed Nada…
Mehleb says government trying to control universities
Egypt
October 22, 2014
Mehleb says government trying to control universities
The government is trying to provide a safe environment for universities to prevent access of weapons, said Prime Minister Ibrahim…
At least eight dead in Alexandria microbus accident
Egypt
October 22, 2014
At least eight dead in Alexandria microbus accident
At least eight people were killed in a microbus accident on Wednesday, a security source from Alexandria security department said.Ambulances…
Nasr City terrorist cell defendants sentenced to life, prison
Egypt
October 22, 2014
Nasr City terrorist cell defendants sentenced to life, prison
Cairo Criminal Court sentenced 26 suspects on Wednesday to prison in the case known as ‘Nasr City terrorist cell.’ Some of the…
Moody’s changes outlook from ‘negative’ to ‘stable’ on deposit ratings of five Egyptian banks
Business
October 22, 2014
Moody’s changes outlook from ‘negative’ to ‘stable’ on deposit ratings of five Egyptian banks
Moody’s Investors Service on Wednesday changed the outlook on the long term local currency deposit ratings of five Egyptian banks from negative to…