Thursday 30 June 2016
 
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Egypt

Egypt bans use of debit card abroad

Egypt's central bank has ordered banks to stop the use of debit cards for accounts in Egyptian pounds abroad, a central bank official said on Wednesday. "We sent a letter to bank chiefs today to stop the use of debit card

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BIA to launch additional Egypt flights during summer

Additional flights from Bahrain International Airport (BIA) to Egypt will be launched this month to allow 7,626 Egyptian teachers working for the country’s Education Ministry to travel back home for the summer, Bahrain Airport Company said

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Egypt begins talks with the IMF over $5bn loan

Egypt's central bank has started negotiations with the International Monetary Fund over a $5 billion loan, a Minister from Egypt's economic group of ministers told Reuters on Monday. The negotiations, which started last we

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Hilton, Secon ink new property in Egypt

Hospitality chain Hilton Worldwide has signed a contract with Saudi-Egyptian Construction Company (Secon) for a new property in New Damietta, Egypt, said a report. The four-star hotel will be part of Secon’s tourism resident

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Hilton, Secon to build new 4-star hotel in Egypt

Hospitality chain Hilton Worldwide has signed a contract with Saudi-Egyptian Construction Company (Secon) for a hotel in New Damietta, Egypt, said a report. The four-star hotel will be part of Secon’s tourism residential pro

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The St. Regis Abu Dhabi Corniche honours Egyptian chef

The St. Regis Abu Dhabi adds a twist to the Ramadan Buffet this year as they welcome Chef Reda Helmy, all the way from his home country Egypt, to join them at The Terrace on The Corniche. Chef Helmy will be working alongside the c

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Gulf sinks on Brexit but comes off lows, Egypt hit badly

Middle East stocks fell sharply on Sunday because of Britain's vote to leave the European Union but Gulf bourses came well off their lows. Egypt was hardest hit because of concern that fund inflows into the country could shrink further.

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Egypt may go for 4G licences auction

Egypt said on Thursday it will offer fourth-generation mobile licences in an international auction if they are not taken up by carriers already operating in the country. The sale of 4G licences is part of a long-awaited plan to re

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High level cyber security summit to be held in Egypt

Around 22 Arab countries and North African states are set to meet at Sharm El Sheikh, Egypt, for the fifth annual Regional Cyber Security Summit to fight cybercrime and promote a safe internet environment. Starting from October 30, the

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Egyptian builder eyes $2bn Kuwait projects

Societe Egyptienne D’entreprises (Moukhtar Ibrahim), one of the leading construction firms in Egypt, is actively looking at major infrastructure and industrial projects in Kuwait and hopes to win a share of the lucrative $2 billion

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